Nigeria tire market is expected to grow from around $ 443 million in 2019 to over USD540 million by 2025.The major factors responsible for the rising sales of tires include growing vehicle fleet size, lack of public transport and growing preference of two-wheeler as mode of transportation. The automobile sector of the country has been witnessing various setbacks over the last couple of years. Major reason for slowdown of the automotive sector was due to several macroeconomic challenges, such as currency fluctuations and declining global oil prices, that affected the Nigerian economy, consequently impacting the country’s automobile industry.

However, the Government of Nigeria has introduced several reforms and favorable policies to safeguard the automotive sector of the country. The Nigeria tire market is segmented based on vehicle type, tire type, demand category type, rim size type, regional share and company. The vehicle type segment is divided into passenger car, commercial vehicle, two-wheeler, off the road vehicles.

Chinese brands play a major role in Nigeria tire market due to to their easy availability at cheaper prices in comparison to other global brand tires, such as Bridgestone, Goodyear, Michelin, etc. The tire brands are working on new products development, and capacity expansion in order to meet the growing demand.

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 Nigeria Tire market.
  • To classify and forecast Nigeria Tire market based on Vehicle type, Tire type, Demand category type, Rim size type, Selling Platform type, company and regional distribution.
  • To identify drivers and challenges for Nigeria Tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Nigeria Tire market.
  • To conduct pricing analysis of Nigeria Tire market.
  • To identify and analyze the profile of leading players operating in Nigeria Tire market.


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Some of the leading players in Nigeria Tire market are Michelin, Goodyear, Bridgestone, Dunlop, Continental, Bf Good Rich, and various Chinese players like Infinity, Firestone, etc. TechSci Research performed both primary as well as exhaustive secondary research for this study. In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers and distributors operating in different regions of Nigeria. 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 was able to include distributors / dealers 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 distributors across the country.

TechSci Research calculated Nigeria Tire market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to tire market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

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

  • Market, by Vehicle Type:
    • Passenger Car
    • Commercial vehicle
    • Two-Wheeler
    • Off the Road Vehicles 
  • Market, by Tire Type:
    • Radial
    • Bias
  • Market, By Demand Category:
    • OEM
    • Replacement
  • Market, By Rim Size:
    • Up to 15 Inch
    • 16 To 20 Inch
    • Above 20 Inch
  • Market, by Selling Platform:
    • Online
    • Offline
  • Market, By Region:

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Nigeria 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Nigeria Tire Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.1.2.    By Volume

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, & Off-The-Road)

5.2.2.    By Tire Type Radial Vs Bias

5.2.3.    By Demand Category (OEM and Replacement)

5.2.4.    By Rim Size

5.2.5.    By Online Vs Offline

5.2.6.    By Company

5.2.7.    By Region

5.3.  Market Attractiveness Index

6.    Nigeria Passenger Car Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.1.2.    By Volume     

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type (Hatchback, Sedan, SUV)

6.2.2.    By Tire Type Radial Vs Bias

6.2.3.    By Demand Category (OEM and Replacement)

6.2.4.    By Rim Size

6.2.5.    By Online Vs Offline

7.    Nigeria Commercial Vehicle Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.1.2.    By Volume     

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type (Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)

7.2.2.    By Tire Type Radial Vs Bias

7.2.3.    By Demand Category (OEM and Replacement)

7.2.4.    By Rim Size

7.2.5.    By Online Vs Offline

7.3.  Pricing Analysis

8.    Nigeria Two-Wheeler Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.1.2.    By Volume     

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type (Motorcycles, Scooters & Mopeds)

8.2.2.    By Tire Type Radial Vs Bias

8.2.3.    By Demand Category (OEM and Replacement)

8.2.4.    By Rim Size

8.2.5.    By Online Vs Offline

8.3.  Pricing Analysis

9.    Nigeria OTR Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.1.2.    By Volume     

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Type (Mining Vehicles, Agriculture Vehicles, Others)

9.2.2.    By Tire Type Radial Vs Bias

9.2.3.    By Demand Category (OEM and Replacement)

9.2.4.    By Rim Size

9.2.5.    By Online Vs Offline

9.3.  Pricing Analysis

10.  Market Dynamics

10.1.             Drivers

10.2.             Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Competitive Landscape            

13.1.   Micheline

13.2.   Goodyear

13.3.   Dunlop

13.4.   Bf Good Rich

13.5.   Continental

13.6.   Maxxis tires

13.7.   Infinity

13.8.   Double King

13.9.   Firestone

13.10.  Maxtrek

14.  Strategic Recommendations

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

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • LIST OF FIGURES:

     

    Figure 1: Nigeria Tire Market Size, By Value (USD Million), By Volume (Unit), 2015-2025F

    Figure 2: Nigeria Tire Market Share, By Vehicle Type, By Volume, 2015 & 2025F

    Figure 3: Nigeria Tire Market Share, By Tire Type, By Volume, 2015 & 2025F

    Figure 4: Nigeria Tire Market Share, By Demand Category Type, By Volume, 2015 & 2025F

    Figure 5: Nigeria Tire Market Share, By Rim Size Type, By Volume, 2015 & 2025F

    Figure 6: Nigeria Tire Market Share, By Selling Platform, By Volume, 2015 & 2025F

    Figure 7: Nigeria Tire Market Share, By Company, By Volume, 2015 & 2025F

    Figure 8: Nigeria Tire Market Share, By Region, By Volume, 2015 & 2025F

    Figure 9: Nigeria Passenger car Market Size, By Value (USD Million), By Volume (Unit), 2015-2025F

    Figure 10: Nigeria Passenger Car Market Share, By Vehicle Type, By Volume, 2015 & 2025F

    Figure 11: Nigeria Passenger Car Market Share, By Tire Type, By Volume, 2015 & 2025F

    Figure 12: Nigeria Passenger Car Market Share, By Demand Category Type, By Volume, 2015 & 2025F

    Figure 13: Nigeria Passenger Car Market Share, By Rim Size Type, By Volume, 2015 & 2025F

    Figure 14: Nigeria Passenger Car Market Share, By Selling Platform Type, By Volume, 2015 & 2025F

    Figure 15: Nigeria Commercial Vehicle Market Size, By Value (USD Million), By Volume (Unit), 2015-2025F

    Figure 16: Nigeria Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2015 & 2025F

    Figure 17: Nigeria Commercial Vehicle Market Share, By Tire Type, By Volume, 2015 & 2025F

    Figure 18: Nigeria Commercial Vehicle Market Share, By Demand Category Type, By Volume, 2015 & 2025F

    Figure 19: Nigeria Commercial Vehicle Market Share, By Rim Size Type, By Volume, 2015 & 2025F

    Figure 20: Nigeria Commercial Vehicle Market Share, By Selling Platform Type, By Volume, 2015 & 2025F

    Figure 21: Nigeria Two-Wheeler Market Size, By Value (USD Million), By Volume (Units), 2015-2025F

    Figure 22: Nigeria Two-Wheeler Market Share, By Vehicle Type, By Volume, 2015 & 2025F

    Figure 23: Nigeria Two-Wheeler Market Share, By Tire Type, By Volume, 2015 & 2025F

    Figure 24: Nigeria Two-Wheeler Market Share, By Demand Category Type, By Volume, 2015 & 2025F

    Figure 25: Nigeria Two-Wheeler Market Share, By Rim Size Type, By Volume, 2015 & 2025F

    Figure 26: Nigeria Two-Wheeler Market Share, By Selling Platform Type, By Volume, 2015 & 2025F

    Figure 27: Nigeria OTR Market Size, By Value (USD Million), By Volume (Unit), 2015-2025F

    Figure 28: Nigeria OTR Market Share, By Vehicle Type, By Volume, 2015 & 2025F

    Figure 29: Nigeria OTR Market Share, By Tire Type, By Volume, 2015 & 2025F

    Figure 30: Nigeria OTR Market Share, By Demand Category Type, By Volume, 2015 & 2025F

    Figure 31: Nigeria OTR Market Share, By Rim Size Type, By Volume, 2015 & 2025F

    Figure 32: Nigeria OTR Market Share, By Selling Platform Type, By Volume, 2015 & 2025F