Egypt Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers), By Tire Construction Type (Radial, Bias), By Demand Category Type (OEM, Replacement), and By Region, Competition Forecast & Opportunities, 2028

  • Industry : Automotive
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Summary

Report Description

Egypt tire market has shown significant growth in the past few years and is anticipated to increase at a high rate over the period of 2024-2028. Due to the spread of the COVID-19 pandemic in Egypt most of the many tire manufacturing companies have faced a consequential decrease in the production of tires due to full or partial lockdown in the country also and to reduce the spread of the coronavirus across the country. The Egypt tire market has witnessed an unanticipated halt in the supply chain, which might take time to get back to normal in different regions, as the total economic impact of COVID-19 is massive and most of the leading tire companies are reporting a significant decline in earning and increase rise in raw material costs. The lockdown and restrictions affected the sales of passenger cars, motorcycles, light commercial vehicles, and medium & heavy commercial vehicles which in turn, and that led to a decline in the sales of tires used in these vehicles. The imposition of lockdown in many phases in the country led to the restrictions on all supplies of tires across the different cities of thein the country. As a result consequence, the import and export of tires and vehicles were temporarily halted in various regions.  

Foreign tire companies in Egypt are also faced with the challenge of diversifying or moving out of the supply chain that is based in Egypt. Due to the declaration of lockdown in order to prevent the spread of the COVID-19 virus, almost all the automobile factories, showrooms and workshops in Egypt were shut down, leading to a sharp drop in production and sale of tires in the country. The country is also facing an increase in restrictions on its foreign commercial activities and access of foreign technologies due to COVID-19 in the country. According to the government, GDP grew by 3.6% in 2020, and in 2022, GDP grew by 13.90%. The tire industry has also played a significant role in raising the GDP in 2022.

Government Incentives for Tire Demand in the country

To boost auto sales, which was negatively impacted by the coronavirus outbreak, the Egyptian government has put forth several incentive programs. The government has introduced many subsidy policies on the purchase of electric vehicles. Due to this, many people are showing interest in buying electric vehicles.

The increased demand for electric vehicles has encouraged tire manufacturers to innovate and introduce new features in electric vehicle tires, such as additional weight holding capacity as electric vehicles are heavier than combustion engine vehicles due the weight of batteries. Also, electric vehicles produce very less noise, so the noise from the wind noise and tires are more noticeable, so tire manufactures are focusing on making tires with different thread patterns that cut down on the acoustic effects. All these developments are likely to fuel the demand for tire in Egypt over the next few years.  

Economical Pricing and Technological Developments Driving Egypt Tire Market

With Egypt being the world's largest producer and exporter of automobile tires, Egyptian tire brands have a strong foothold in the global tire market. The demand for tires from the OEM (Original Equipment Manufacturers) is getting high with time as the tire industry has higher share in the replacement market. The demand for replacement tire in the Egyptian aftermarket is quite high compared to the rest of the world.

Thanks to affordable pricing and advanced technologies, tires are in high demand across the country. Egyptian tire brands have gained significant popularity due to their cutting-edge technology that they offer at affordable costs compared to other international tire brands. They are reasonably-priced and of high quality as Egypt production sites have extensive quality control systems. This factor is expected to drive the demand for Egypt tire market in the forthcoming years.

Rise in concerns regarding fuel efficiency and safety

In response to the increasing safety concerns, the government of Egypt is introducing stringent regulations for the performance of tires, including saving on wet grip, and reducing the braking distance. Therefore, there are numerous growth opportunities for the tire manufacturing companies to produce tires that meet the required standards. Technological breakthroughs are leading to the development of extremely efficient tires that improve the overall fuel efficiency of automobiles. The tire manufacturers are using self-inflate technology and low rolling resistance (LRRT) technology to improve safety and improve the fuel efficiency of tires. Pneumatic tires are becoming more and more popular for increasing the efficiency of vehicles. Pneumatic tires, which are mainly related to safety as well as fuel efficiency, are expected to be in high demand in the coming years. Therefore, it is expected that increased concerns about safety and improved fuel efficiency will create significant growth opportunities for the companies.

Recent Developments

. The Arab Organization for Industrialization (AOI) has signed a contract with Hill International. The moto of this contract is to manufacture tires in Egypt and to support the local manufactured tires by increasing the sales of these tires in the country. Hill International will manage the main factors that are needed to consider while manufacturing all kind of vehicles tires in the country, such as passenger car tires, agriculture vehicle tires, bus tires, and medium & heavy-duty commercial vehicle tires. To reduce the dependence on the imported tires, the President of Egypt has issued a directive regarding exploiting national manufacturing capabilities to deepen local manufacturing, advancing local industrialization, localizing modern technology, transfer, and working to reduce imports. All these efforts will help in contributing to increase the value of Egyptian products in the country.   

Technological Advancements

The technological advancements made in tires are such as rimless tires now been used in vehicles as it helps to improve puncture resistance, the use of lightweight elastomers. Nowadays green tires are being manufactured as they are produced from renewable materials, which need less amount of energy to make compared to the other tires. These tires are made of nylon rubber which make tires to have low rolling resistance. Nowadays, tire manufacturers are using new materials which are made up of different components to manufacture tires, such as nickel aluminum, bronze, manganese. 

Advancements in tire technology have revolutionized the commercial vehicle tire market. Manufacturers are developing tires with improved tread designs, reduced rolling resistance, and increased load-carrying capacities. These innovations not only enhance tire performance but also contribute to fuel efficiency and carbon footprint reduction – a critical aspect sought by both logistics companies and public transportation providers.

Rising Investment in Logistics & Public Transportation to help the Commercial Vehicle Tire Market

Logistics is one of the largest sectors in the country for transporting goods. In different cities there is a high requirement for commercial vehicles of all categories to transport goods. The logistics industry has undergone a paradigm shift in recent years. E-commerce and online shopping have become the norm, necessitating a seamless and timely delivery of goods. As a result, logistics companies are expanding their fleets of commercial vehicles, ranging from trucks and vans to last-mile delivery vehicles. With increased usage, there is a higher demand for durable and efficient tires capable of handling heavy loads and long distances.

Urban congestion, environmental concerns, and the need for sustainable transportation have led to renewed focus on public transportation systems. Governments and municipalities around the world are investing in modernizing and expanding public transit networks, including buses, light rail, and metro systems. This surge in public transportation is expected to drive demand for commercial vehicle tires optimized for passenger comfort, fuel efficiency, and reduced emissions.

 

 

The demand for commercial vehicle tires has increased in the country due to factors such as high demand from the end-users, such as oil & gas, logistics, mining, public transportation, e-commerce, etc. The sales of commercial tires have been pushed with the high growth rate and fast industrialization and urbanization in the country. The demand for the school buses has also increased in the country as the school has re-opened after the pandemic, due to which the demand for the tires has also increased.

Market Segmentation

The Egypt tire market is segmented based on vehicle type, demand category, tire construction type, region and competitive landscape. Based on the vehicle type, the market is classified into passenger car, light commercial vehicle, medium & heavy commercial vehicle, two wheelers. Based on the demand category, the market is divided into OEM and replacement. Based on tire construction type, the market is divided into radial and bias. Regionally, the market is divided into Cairo, Alexandria, Giza, Rest of Egypt.

Company Profiles

Bridgestone Middle East & Africa Fze, Michelin AIM FZE, TyrePro Egypt.Co (Continental AG), Goodyear Egypt L.L.C SUMITOMO RUBBER MIDDLE EAST FZE., Hankook Tire & Technology Co., Ltd., Alexandria Tire Co. S.A.E - Pirelli Egypt., The Yokohama Rubber Co., Ltd, Zhongce Rubber Group Co., Ltd., and Cheng Shin Rubber Industry Co. are among the major market players in the Egypt tire Market.


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Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Vehicle Type

By Demand Category

By Tire Construction Type

By Region

Key Companies Profiled

Bridgestone Middle East & Africa Fze, Michelin AIM FZE, TyrePro Egypt.Co (Continental AG), Goodyear Egypt L.L.C SUMITOMO RUBBER MIDDLE EAST FZE., Hankook Tire & Technology Co., Ltd., Alexandria Tire Co. S.A.E - Pirelli Egypt., The Yokohama Rubber Co., Ltd, Zhongce Rubber Group Co., Ltd., Cheng Shin Rubber Industry Co 

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the Egypt Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Egypt Tire Market, By Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Two Wheelers
  • Egypt Tire Market, By Demand Category:
    • OEM
    •  Replacement
  • Egypt Tire Market, By Tire Construction Type:
    • Radial
    • Bias
  • Egypt Tire Market, By Region:
    • Cairo
    • Alexandria
    • Giza
    • Rest of Egypt
  • Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Egypt Tire Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Egypt Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Egypt Tire Market

4.1.  Impact Assessment Model  

4.1.1.    Key Segments Impacted

4.1.2.    Key Regions Impacted

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Brand Satisfaction Level

6.    Egypt Tire Outlook, 2018-2028F

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers)

6.2.2.    By Demand Category Market Share Analysis (OEM and Replacement)

6.2.3.    By Tire Construction Type Market Share Analysis (Radial and Bias)

6.2.4.    By Regional Market Share Analysis

6.2.4.1.        Cairo Market Share Analysis

6.2.4.2.        Alexandria Market Share Analysis

6.2.4.3.        Giza Market Share Analysis

6.2.4.4.        Rest of Egypt Market Share Analysis

6.2.5.    By Company Market Share Analysis (2022)

6.3.  Egypt Tire Market Mapping & Opportunity Assessment

6.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2.    By Demand Category Market Mapping & Opportunity Assessment

6.3.3.    By Tire Construction Type Market Mapping & Opportunity Assessment

6.3.4.    By Regional Market Mapping & Opportunity Assessment

7.    Egypt Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Volume and Value

7.2.  Market Share & Forecast

7.2.1.    By Demand Category Market Share Analysis

7.2.2.    By Tire Construction Type Market Share Analysis

8.    Egypt Commercial Vehicle Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Volume and Value

8.2.  Market Share & Forecast

8.2.1.    By Demand Category Market Share Analysis

8.2.2.    By Tire Construction Type Market Share Analysis

9.    Egypt Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Volume and Value

9.2.  Market Share & Forecast

9.2.1.    By Demand Category Market Share Analysis

9.2.2.    By Tire Construction Type Market Share Analysis

10. Egypt Two Wheelers Tire Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Volume and Value

10.2.             Market Share & Forecast

10.2.1. By Demand Category Market Share Analysis

10.2.2. By Tire Construction Type Market Share Analysis

11. Market Dynamics

11.1.             Market Drivers

11.2.             Market Challenges

12. Market Trends & Developments

13. Porter’s Five Forces Model

13.1.             Competitive Rivalry

13.2.             Bargaining Power of Suppliers

13.3.             Bargaining Power of Buyers

13.4.             Threat of New Entrants

13.5.             Threat of Substitutes

14. SWOT Analysis

14.1.             Strength

14.2.             Weakness

14.3.             Opportunities

14.4.             Threats

15. Import & Export Analysis

16. Policy & Regulatory Landscape

17. Egypt Economic Profile

18. Competitive Landscape

18.1.             Company Profiles (Up To 10 Leading Companies)

18.1.1. Bridgestone Middle East & Africa Fze

18.1.1.1.     Company Details

18.1.1.2.     Products & Services

18.1.1.3.     Recent Development

18.1.1.4.     Key Management Personnel

18.1.2. Michelin AIM FZE

18.1.2.1.     Company Details

18.1.2.2.     Products & Services

18.1.2.3.     Recent Development

18.1.2.4.     Key Management Personnel

18.1.3. TyrePro Egypt.Co (Continental AG)

18.1.3.1.     Company Details

18.1.3.2.     Products & Services

18.1.3.3.     Recent Development

18.1.3.4.     Key Management Personnel

18.1.4. Goodyear Egypt L.L.C  

18.1.4.1.     Company Details

18.1.4.2.     Products & Services

18.1.4.3.     Recent Development

18.1.4.4.     Key Management Personnel

18.1.5. SUMITOMO RUBBER MIDDLE EAST FZE

18.1.5.1.     Company Details

18.1.5.2.     Products & Services

18.1.5.3.     Recent Development

18.1.5.4.     Key Management Personnel

18.1.6.  Hankook Tire & Technology Co., Ltd.

18.1.6.1.     Company Details

18.1.6.2.     Products & Services

18.1.6.3.     Recent Development

18.1.6.4.     Key Management Personnel

18.1.7. Alexandria Tire Co. S.A.E - Pirelli Egypt.

18.1.7.1.     Company Details

18.1.7.2.     Products & Services

18.1.7.3.     Recent Development

18.1.7.4.     Key Management Personnel

18.1.8. The Yokohama Rubber Co., Ltd  

18.1.8.1.     Company Details

18.1.8.2.     Products & Services

18.1.8.3.     Recent Development

18.1.8.4.     Key Management Personnel

18.1.9.  Zhongce Rubber Group Co., Ltd.

18.1.9.1.     Company Details

18.1.9.2.     Products & Services

18.1.9.3.     Recent Development

18.1.9.4.     Key Management Personnel

18.1.10.              Cheng Shin Rubber Industry Co.

18.1.10.1.  Company Details

18.1.10.2.  Products & Services

18.1.10.3.  Recent Development

18.1.10.4.  Key Management Personnel

19. Strategic Recommendations/Action Plan

19.1.             Key Focus Areas

19.2.             Target Regions

19.3.             Target Vehicle Type

20. About Us & Disclaimer

 

 (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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The Egypt tire industry is highly dependent on import of tires, and due to this tire dealers have to depend on the imported tires and when tires are not supplied at the time then there is demand gap in the country.

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Replacement has the highest market share in demand category in the Egypt tire market.

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Ongoing industrialization and economic growth, increase in passenger car sales, and growing penetration of Egypt’s tire brands across the world are some of the key trends in Egypt tire market.

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Bridgestone Middle East & Africa Fze, Michelin AIM FZE, TyrePro Egypt.Co (Continental AG), Goodyear Egypt L.L.C SUMITOMO RUBBER MIDDLE EAST FZE., Hankook Tire & Technology Co., Ltd., Alexandria Tire Co. S.A.E - Pirelli Egypt., are key companies in the Egypt tire market.

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Srishti Verma

Business Consultant
Press Release

Egypt Tire Market to be Driven by Increasing Vehicle Sales and Rising Aftermarket Demand

Sep, 2023

The increasing sale of vehicles and rising demand for tires from the aftermarket are driving the Egypt tire market

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