South Africa Tire Market: In-Depth Analysis and Forecasts for 2023-2028
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "South Africa Tire Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the South Africa Tire Market: 2023-2028
The South Africa Tire Market size is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven by the rapidly increasing vehicle sales & fleet size, coupled with the swiftly expanding export business for tires. In addition, the growing prevalence of Chinese & Budget tires in South Africa has led to the availability of an extensive tire range for vehicle owners and, as a result, is positively influencing the market growth.
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What are the primary factors driving the growth of the South Africa Tire Market?
Key Driver: Rapid Industrialization & Increasing Demand for Heavy Vehicles
With the rising number of construction activities in South Africa, the demand for heavy-duty vehicles is rapidly escalating, thus augmenting the need for robust tires to attain better grip, exert weight & pressure, and function on changing terrain. Additionally, since the country has several reserves for platinum metals, the government is investing immensely in expanding the mining operations, which is another crucial aspect propelling the demand for heavy-duty vehicles & driving the South Africa Tire Market.
South Africa Tire Market Segmentation:
The South Africa Tire market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Vehicle Type
- Passenger Car-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Commercial Vehicle
- Light Commercial Vehicle (LCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Medium & Heavy Commercial Vehicle (MHCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Off-Road Tire (OTR) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Two Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Three Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Demand Type
- OEM’s-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Aftermarket-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Tire Type
- Radial-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Bias-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Sales Channel
- Online-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Direct Sales-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Multi Brand Stores-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Exclusive Outlets-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Price Category
- Budget-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Economy-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Premium-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
6.2.6. By Rim Size
- Up to 12” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 12.1” to 15” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 15.1” to 18” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 18.1” to 20” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 20.1” to 22.5” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 22.6” to 26” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 26.1” to 35” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 35.1” to 47” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Above 47-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
Geographical Analysis into the South Africa Tire Market:
The South Africa Tire market is categorized based regional:
- East
- Central
- North
- South
- West
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Competitive Landscape and South Africa Tire Market Share Analysis:
The competitive landscape of the South Africa Tire Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Pirelli Tyre (Pty) Ltd
- Bridgestone Tyres
- Sumitomo Rubber South Africa (PTY) Ltd.
- Continental Tyres
- Hangzhou Zhongce Rubber
- Goodyear Tires
- CEAT Tires
- Triange Tyre
- Michelin Tyre
- Maxxis Tyres
- Yokohama Tires
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Questions Addressed in this Study
- What factors are driving the South Africa Tire Market growth?
- How is the South Africa Tire Market expected to grow over the next five years?
- What are the key insights into the current trends in the South Africa Tire Market?
- What is the current size of the South Africa Tire Market, and how is it projected to change in the future?
- What is the future outlook for the South Africa Tire Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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