Sudan Tire Market to Cross $18.50 Million by 2022
Expanding
fleet of passenger cars and commercial vehicles coupled with growing
replacement tire market to drive the Sudan tire market through 2022
According to recently released TechSci
Research report, “Sudan
Tire Market Forecast & Opportunities, 2022”, the tire market in Sudan is anticipated to cross $18.50
million by 2022, on account
of recovering domestic demand, growing automobile sales and favorable
government policies. Moreover, expanding automobile fleet coupled with growing
GDP per capita, which increased from USD1,596 in 2011 to USD2,414 in 2015, are
expected to aid the country’s tire market over the next five years.
Browse
6 market data Tables and 55 Figures spread through 110 Pages and
an in-depth TOC on "Sudan
Tire Market"
https://www.techsciresearch.com/report/sudan-tire-market-forecast-opportunities/899.html
Passenger car tire segment
dominated Sudan tire industry during 2012 – 2016, and the segment is expected
to maintain its dominance during the forecast period as well on account of increasing
fleet and recovering sales in the country. In
2016, Khartoum region accounted for the largest share in the country’s tire
market, followed by South Darfur and Al Gezira regions. Some of the major players
operating in the country’s tire market are MRF, Bridgestone, Apollo, Michelin,
Ceat and Continental, among others.
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“Sudan tire market is a replacement
driven market. The country's tire demand is catered through imports,
consequently making it highly dependent on imports. Citing the demand supply
gap, tire manufacturing companies operate in Sudan by importing tires into the
country and then distributing them through chains of exclusive distributors and
dealers.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Sudan Tire Market Forecast & Opportunities, 2021” has analyzed the potential of Sudan tire market, and provides
statistics and information on market sizes, shares and trends. The report will
suffice in providing intending clients with cutting-edge market intelligence
and help them in taking sound investment decisions. Besides, the report also
identifies and analyzes emerging trends along with essential drivers and key
challenges faced by the industry.
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