Libya tire market was valued USD 0.27 Billion in 2019 and is projected to be valued USD 0.34 Billion by 2025. Key factors driving the growth of Libya tire market are rising domestic demand, expanding fleet, and favourable fiscal and regulatory policies. Moreover, rising per capita income of consumers, increasing vehicle sales and expanding automobile fleet supporting the growth of Libya tire market.

Libya tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler. Among them, passenger car tire segment dominated the market until 2019 and is further expected to maintain its position during the forecast period owing to increasing passenger car registrations and improving road infrastructure. Based on demand category, Libya tire market is dominated by replacement segment due to absence of vehicle manufacturing facilities in the country and long average lifespan of vehicle.

Major companies operating in Libya tire market are Bridgestone Tyre, Goodyear Tyre, Michelin Tyre, Yokohama Tyre, Continental Tyre, Hankook Tyre, Pirelli Tyre, Kumho Tyre, Tajoura Tyre and Sumitomo Tyre, among others. Tajoura Tire is the only tire manufacturer in the country. Leading tire manufacturers are undergoing growth strategies such as new product launches, mergers & acquisitions, collaborations, joint ventures and partnerships.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Libya tire market.
  • To classify and forecast Libya tire market based on vehicle type, demand category, radial vs bias, company and region.
  • To identify drivers and challenges for Libya tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Libya tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Libya.

 

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Libya.

TechSci Research calculated the market size for Libya tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Vehicle manufacturing companies
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tires
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Libya tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Libya Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

  • Libya Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Libya Tire Market, By Tire Type:
    • Radial vs Bias
  • Libya Tire Market, By Region:
    • Tripolitania
    • Fazzan
    • Cyrenaica

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Libya tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according 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).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Libya Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Libya Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Libya Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.3.  Market Attractiveness Index

8.    Libya Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.3.  Market Attractiveness Index

9.    Libya Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.3.  Market Attractiveness Index

10.  Libya Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.3.              Market Attractiveness Index

11.  Libya OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.3.              Market Attractiveness Index

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Import Export Analysis

14.  Market Trends & Developments

15.  Policy and Regulatory & Landscape

16.  Libya Economic Profile

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Players Profiled (Leading Companies)

17.2.1.  Bridgestone Tyre

17.2.1.1.      Company Overview

17.2.1.2.      Products & Services

17.2.1.3.      Financials (If available)

17.2.1.4.      Current & Future Strategy

17.2.1.5.      Key Management

17.2.1.6.      Contact Details

17.2.2.  Goodyear Tyre

17.2.3.  Michelin Tyre

17.2.4.  Yokohama Tyre

17.2.5.  Continental Tyre

17.2.6.  Hankook Tyre

17.2.7.  Pirelli Tyre

17.2.8.  Kumho Tyre

17.2.9.  Tajoura Tyre

17.2.10.                Sumitomo Tyre

18.  Strategic Recommendations

19.  About Us & Disclaimer

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

  • List of Figures

     

    Figure 1: Libya Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Libya Tire Market - Influencer of Purchase (N=75)

    Figure 3: Libya Tire Market - Aided Brand Recall (N=75)

    Figure 4: Libya Tire Market - Unaided Brand Recall (N=75)

    Figure 5: Libya Tire Market Brand Satisfaction Level (N=75)

    Figure 6: Libya Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7: Libya Tire Market - Brand Satisfaction Level, By Traction (N=75)

    Figure 8: Libya Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

    Figure 9: Libya Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=75)

    Figure 10: Libya Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 11: Libya Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 12: Libya Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 13: Libya Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 14: Libya Tire Market Share, By Region, By Volume, 2019 & 2025F

    Figure 15: Libya Tire Market Share, By Region, By Volume, 2019-2025F

    Figure 16: Libya Tire Market Supply Chain Model

    Figure 17: Libya Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 18: Libya Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 19: Libya Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 20: Libya Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 21: Libya Passenger Car Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 22: Libya Passenger Car Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 23: Libya Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 24: Libya Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 25: Libya Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 26: Libya Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 27: Libya Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 28: Libya Light Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 29: Libya Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 30: Libya Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 31: Libya Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 32: Libya Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 33: Libya Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 34: Libya Medium & Heavy Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 35: Libya Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 36: Libya Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 37: Libya Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 38: Libya Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 39: Libya Two-Wheeler Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 40: Libya Two-Wheeler Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 41: Libya Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume,

    2019E-2025F

    Figure 42: Libya Off-the-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 43: Libya Off-the-Road Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 44: Libya Off-the-Road Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 45: Libya Off-the-Road Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 46: Libya OTR Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 47: Libya Off-the-Road Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

     

    List of Tables

     

    Table 1: Prominent Tire Size in Libya Passenger Car Tire Market, 2019

    Table 2: Prominent Tire Size in Libya Light Commercial Vehicle Tire Market, 2019

    Table 3: Prominent Tire Size in Libya Medium & Heavy Commercial Vehicle Tire Market, 2019

    Table 4: Prominent Tire Sizes in Libya Two-Wheeler Tire Market, 2019

    Table 5: Prominent Tire Sizes in Libya OTR Tire Market, 2019

    Table 6: Libya Tire Imports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 7: Libya Tire Exports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 8: Libya Import Duties on Tires (Effective Since 2010)

    Table 9: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Tire Importers, Vehicle Manufacturers and Miners)

    Table 10:  Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Recyclers)