Somalia Tire Market Forecast & Opportunities, 2022

Due to the absence of automobile manufacturing facilities in the country, replacement demand dominated Somalia tire market. Somalia is prominently divided into three regions including Lower, Upper and Middle region, with Lower region, dominating tire demand in the country. Growth of the country’s tire industry is prominently backed by growing sales of vehicles and expanding automobile fleet in the country. Increasing population of the country is also boosting demand for automobiles and related tire products. As per the CIA, population of the country stood at 10.81 million in 2016. Moreover, rising government focus on development of infrastructure and industrial sectors is further anticipated to boost demand for automobiles and related tire products in the country during 2017-2022.

According to “Somalia Tire Market Forecast & Opportunities, 2022’’, Somalia tire market is forecast to grow at a CAGR of over 6% during 2017-2022 driven by economic growth, coupled with growing construction activities, expanding vehicle fleet and increasing automobile sales in the country. With a lion’s share of over 50 percent, passenger car segment dominated the country’s tire market, followed by growing light commercial vehicle tire segment. Somalia tire market is dominated by Chinese tire companies, which garnered more than 60% share in the country’s tire market in 2016. Other leading flagship tire companies operating in Somalia include Apollo, Ceat, JK Tyre, Michelin, Bridgestone, etc. “Somalia Tire Market Forecast & Opportunities, 2022’’ report elaborates the following aspects of tire market in Somalia:

• Somalia Tire Market Size, Share & Forecast
• Segmental Analysis – By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler and Three-Wheeler & Off-The-Road)
• 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 Somalia
• 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 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 includes interviews with vehicle manufactures, tire companies, distributors, retailers and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Somalia Tire Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume

4.2.    Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two-Wheeler (2W) and Three-Wheeler (3W) & Off-The-Road (OTR))

4.2.2.By Company

4.2.3.By Premium, Budget & Ultra-Budget

4.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

4.2.4.By Region

4.2.5.By Radial vs Bias

4.3.    Somalia Tire Market Attractiveness Index, By Region

4.4.    Somalia Tire Market Attractiveness Index, By Vehicle Type

4.5.    Prominent Tire Sizes

5.       Somalia Passenger Car (PC) Tire Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value & Volume

5.2.    Market Share & Forecast

5.2.1.By Vehicle Type (Sedan, SUV & Hatchback)

5.2.2.By Radial Vs Bias

5.2.3.By Premium, Budget & Ultra-Budget

5.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

6.       Somalia Light Commercial Vehicle (LCV) 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 (Light Truck & Light Bus)

6.2.2.By Radial Vs Bias

6.2.3.By Premium, Budget & Ultra-Budget

6.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

7.       Somalia Two-Wheeler and Three-Wheeler 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 (Two-Wheeler and Three-Wheeler)

7.2.2.By Radial Vs Bias

7.2.3.By Premium, Budget & Ultra-Budget

7.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

8.       Somalia Medium & Heavy Commercial Vehicle (M&HCV) 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 (Truck and Bus)

8.2.2.By Radial Vs Bias

8.2.3.By Premium, Budget & Ultra-Budget

8.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

9.       Somalia OTR 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 (Industrial Equipment Vehicles & Agriculture Equipment Vehicles)

9.2.2.By Radial Vs Bias

9.2.3.By Premium, Budget & Ultra-Budget

9.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

10.   Import-Export Analysis

11.   Supply Chain Analysis

12.   Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.   Market Trends & Developments

13.1.  Increasing Demand for Low Cost Chinese Tires

13.2.  Growing Demand for Passenger Car Tires

13.3.  Increasing Penetration of Radial Tires

14.   Policy & Regulatory Landscape

15.   Somalia Economic Profile

16.   Competitive Landscape

16.1.  Apollo Tyres Ltd.

16.2.  CEAT Limited

16.3.  JK Tyre & Industries Ltd.

16.4.  Michelin AIM FZE

16.5.  Bridgestone Middle East & Africa FZE

16.6.  MRF Limited

16.7.  Shandong Wanda BOTO Tyre Co. Ltd.

16.8.  Hangzhou Zhongce Rubber Co. Ltd.

16.9.  GITI Tire (China) Investment Company Ltd.

16.10.   Prinx Chengshan (Shandong) Tire Company

17.   Strategic Recommendations

List of Figures

 

Figure 1: Somalia Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F

Figure 2: Prominent Drivers in Somalia Tire Market, 2017E-2022F

Figure 3: Somalia Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 4: Somalia Tire Market Share, By Company, By Volume, 2016-2022F

Figure 5: Somalia Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 6: Somalia Premium Tire Market Share, By Company, By Volume, 2016

Figure 7: Somalia Budget and Ultra Budget Tire Brands Market Share, By Company, By Volume, 2016

Figure 8: Somalia Tire Market Share, By Region, By Volume, 2016 & 2022F

Figure 9: Somalia Tire Market Share, By Region, By Volume, 2016-2022F

Figure 10: Somalia Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 11: Somalia Tire Market Attractiveness Index, By Region, By Volume, 2016-2022F

Figure 12: Somalia Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2022F

Figure 13: Somalia Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F

Figure 14: Prominent Drivers in Somalia Passenger Car Tire Market, 2017E-2022F

Figure 15: Somalia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 16: Somalia Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 17: Somalia Passenger Car Tire Market Share, By Company, By Volume, 2016-2022F

Figure 18: Somalia Passenger Car Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 19: Somalia Premium Passenger Car Tire Market Share, By Company, By Volume, 2016

Figure 20: Somalia Budget and Ultra Budget Passenger Car Tire Brands Market Share, By Company, By Volume, 2016

Figure 21: Somalia Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F

Figure 22: Prominent Drivers in Somalia Light Commercial Vehicle Tire Market, 2017E-2022F

Figure 23: Somalia Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 24: Somalia Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 25: Somalia Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016-2022F

Figure 26: Somalia Light Commercial Vehicle Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 27: Somalia Premium Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Figure 28: Somalia Budget and Ultra Budget Light Commercial Vehicle Tire Brands Market Share, By Company, By Volume, 2016

Figure 29: Somalia Two-Wheeler & Three-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F

Figure 30: Prominent Drivers in Somalia Two-Wheeler & Three-Wheeler Tire Market, 2017E-2022F

Figure 31: Somalia Two-Wheeler & Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 32: Somalia Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 33: Somalia Two-Wheeler & Three-Wheeler Tire Market Share, By Company, By Volume, 2016-2022F

Figure 34: Somalia Two-Wheeler & Three-Wheeler Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 35: Somalia Budget and Ultra Budget Two-Wheeler & Three-Wheeler Tire Brands Market Share, By Company, By Volume, 2016

Figure 36: Somalia Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F

Figure 37: Prominent Drivers in Somalia Medium & Heavy Commercial Vehicle Tire Market, 2017E-2022F

Figure 38: Somalia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 39: Somalia Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 40: Somalia Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016-2022F

Figure 41: Somalia Medium & Heavy Commercial Vehicle Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 42: Somalia Premium Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Figure 43: Somalia Budget and Ultra Budget Medium & Heavy Commercial Vehicle Tire Brands Market Share, By Company, By Volume, 2016

Figure 44: Somalia Off-the-Road Vehicles Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F

Figure 45: Prominent Drivers in Somalia Off-the-Road Vehicle Tire Market, 2017E-2022F

Figure 46: Somalia Off-the-Road Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 47: Somalia Off-the-Road Vehicles Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 48: Somalia OTR Tire Market Share, By Company, By Volume, 2016-2022F

Figure 49: Somalia OTR Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 50: Somalia Premium OTR Tire Market Share, By Company, By Volume, 2016

Figure 51: Somalia Budget and Ultra Budget OTR Tire Brands Market Share, By Company, By Volume, 2016

Figure 52: Somalia Tire Imports, By Volume, 2012-2015 (Thousand Unit)

Figure 53: Somalia Tire Market Supply Chain Model

 

List of Tables

 

Table 1: Somalia Tire Market Share, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)

Table 2: Somalia Tire Market Share, By Company, By Volume, 2016

Table 3: Somalia Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)

Table 4: Somalia Passenger Car Tire Market Share, By Company, By Volume, 2016

Table 5: Somalia Light Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)

Table 6: Somalia Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Table 7: Somalia Two-Wheeler & Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)

Table 8: Somalia Two-Wheeler & Three-Wheeler Tire Market Share, By Company, By Volume, 2016

Table 9: Somalia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)

Table 10: Somalia Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Table 11: Somalia Off-the-Road Vehicles Tire Market Share, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)

Table 12: Somalia OTR Tire Market Share, By Company, By Volume, 2016

Table 13: Availability of Somalia Independent Free Trade Agreements

Table 14: Few Member Countries of the Council of Arab Economic Unity