Ethiopia witnessed major
economic challenges over the past few years, owing to continuously decreasing
oil prices, rising political instability and unfavourable government policies. Thus,
impacting manufacturing of new vehicles in the country during the same period.
However, tire market in Ethiopia grew at a moderate pace during the same period
owing to rising automobile sales and expanding vehicle fleet size in the
country. Government of Ethiopia has been rigorously working to improving the
economic conditions of the country by attracting large sums of foreign
investment for setting up of industries and manufacturing facilities in the
country. Therefore, growing investment in industrial sector, improving economic
scenario, increasing demand for motorbikes and rising penetration of Chinese
tires is expected to fuel demand for tires in Ethiopia during 2017-2022.
According to TechSci Research report, “Ethiopia Tire Market Forecast and
Opportunities, 2012 - 2022’’, tire market in the country is projected to
exhibit a CAGR of over 4% during 2017-2022. Passenger car tires dominated Ethiopia
tire market over the past few years and is expected to continue to dominate in
the coming years as well, owing to rising purchasing power and recovering
passenger car sales in the country. Chinese tire manufacturers cumulatively
accounted for largest market share in tire market in Ethiopia in 2016, and
their market share is further expected to increase in the coming years due to low cost tires and widespread presence
of Chinese tire brands throughout the country. “Ethiopia Tire Market Forecast & Opportunities, 2012 - 2022”
report elaborates following aspects of tire market in Ethiopia:
- Ethiopia Tire
Market Size, Share & Forecast
- Segmental Analysis
– By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium &
Heavy Commercial Vehicle, Two-Wheeler and Off-The-Road) and By Radial Vs. Bias
- Policy &
Regulatory Landscape
- Changing Market
Trends and Emerging Opportunities
- Competitive
Landscape and Strategic Recommendations
Why You Should Buy This
Report?
- To gain an
in-depth understanding of tire market in Ethiopia
- To identify the
on-going trends and segment wise anticipated growth in the coming years
- To help industry
consultants, tire companies and other stakeholders to align their
market-centric strategies
- To obtain research
based business decision and add weight to presentations and marketing
material
- To gain
competitive knowledge of leading players
- To avail 10%
customization in the report without any extra charges and get the research
data or trends added in the report as per the buyer’s specific needs
Report Methodology
The information contained in this report is based on both
primary and secondary sources. Primary research included interviews with
vehicle manufactures, tire companies, distributors, retailers and industry
experts. Secondary research included an exhaustive search of relevant
publications like company annual reports, financial reports and proprietary
databases.