Africa Two Wheeler Tire Market to Reach $ 260 Million by 2025
Expanding two wheeler fleet,
shortage of public transport and increasing preference of people for two
wheelers to drive Africa two wheeler tire market
According
to TechSci Research report, “Africa
Two Wheeler Tires Market By Vehicle
Type, By Tire Type, By Demand Category, By Country, Competition, Forecast &
Opportunities, 2025”, Africa two wheeler tire market is anticipated to register
growth and reach $ 260 million by 2025 due to expanding two wheeler fleet in
the region coupled with lack of adequate public transportation facilities in
most of the African countries. Motor bikes taxis are the
most common mode of transportation available in African countries. These bike
taxis carry one passenger at a time and are being also used for courier and
carriage services, and consequently, acquire a large portion of transportation market
in African countries. Further, rise in private mode of transportation and
increase in interest for two-wheeler for transportation in various countries with
a rising number of people using 100 to 200 cc bikes across the region. These
factors are resulting in higher sales of two wheelers in the region, which is eventually
boosting sales of two wheeler tires.
Underdeveloped roads or unpaved roads in Africa is also among
the major reasons for higher tire replacement frequency as bad road conditions
lead to quick wear and tear of tires. Another reason for increase in sales of
tires is rising purchasing power and expanding middle class in many African
countries, resulting in higher demand for motorcycles, which in turn is
augmenting demand for two wheeler tires. African tire market is majorly import
driven, which is resulting in continuous expansion of distributor and dealer
network across the continent .
Browse 50 market data Figures spread through 120 Pages and an in-depth TOC on "Africa Two
Wheeler Tire Market"
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Africa
two wheeler tire market can be segmented on Vehicle type, Tire type, Demand
category type, by country and by company. In terms of vehicle type, the market
can be segmented into motorcycles and scooters/mopeds. Motorcycles category accounted
for the largest market share in 2019 due to their preference over
scooters/mopeds as these are having more robust design and can be driven on
unpaved/bad roads also. Demand type category is segmented into OEM and
replacement segments, with replacement segment accounting for more than 95%
market share in the region.
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Chinese two wheeler tire players accounted for more than 50% market
share in 2019. Apart from this, around one-third of the market share in Africa
two wheeler tire market is acquired by other leading global brands like
Michelin, Goodyear, Dunlop, Continental and Pirelli. An increasing number of
tire players from other Asian countries such as India, Malaysia, Indonesia,
etc., are also entering various country markets of Africa two wheeler tire
market. “On account of expanding fleet size and rising demand for two wheelers in
various African countries, demand for tire replacement in Africa two-wheeler
market will continue to grow through 2025.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Africa Two Wheeler
Tires Market By Vehicle Type, By Tire Type, By Demand Category, By
Country, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Africa two
wheeler tire market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Africa two-wheeler tire
market.
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