Press Release

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"

https://www.techsciresearch.com/report/africa-two-wheeler-tires-market/4849.html

 

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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