Somalia tire market is forecast to undergo a CAGR of over 3% during the forecast period on account of increasing automobile sales as well as expansion of automobile fleet in the country. Apart from that, economic growth and growing construction activities are some other key factors propelling the growth of Somalia tire market. Moreover, with increasing focus of government on development of infrastructure and industrial sectors, Somalia tire market is expected to grow significantly through 2026.

Additionally, increasing circulation of Chinese tires which are significantly low in cost is another major factor boosting the growth of Somalia tire market. With expected increase in inflow of used cars in the country, the tire market of the country is anticipated to grow over the next five years.

Somalia 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 and three -wheeler. Among them, the passenger car segment dominated the country’s tire market until 2020 and is further expected to maintain its position during the forecast period. The reasons can be attributed to rise in sale of passenger vehicles and increasing demand for replacement tires.

Major companies operating in Somalia tire market are Apollo Tyres Ltd., CEAT Limited, JK Tyre & Industries Ltd., Michelin AIM FZE, Bridgestone Middle East & Africa FZE, MRF Limited, Shandong Wanda BOTO Tyre Co. Ltd., Hangzhou Zhongce Rubber Co. Ltd., GITI Tire (China) Investment Company Ltd. and Prinx Chengshan (Shandong) Tire Company, among others. Somalia tire market is dominated by Chinese tire companies who hold more than 60% of the market share. Furthermore, leading tire manufacturers are undergoing mergers & acquisitions, partnerships, collaborations, joint ventures and product innovation in order to strengthen their position in Somalia tire market.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

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

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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 Somalia.

TechSci Research calculated the market size for Somalia 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, Somalia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Somalia 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)

o    Three-Wheeler

  • Somalia Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Somalia Tire Market, By Tire Type:
    • Radial vs Bias
  • Somalia Tire Market, By Region:
    • Lower Region
    • Upper Region
    • Middle Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Somalia 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.
It 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]  

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Somalia Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Somalia 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 and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2021)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Somalia 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.    Somalia 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.    Somalia 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.  Somalia 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.  Somalia 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.  Somalia Three-Wheeler Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.3.              Market Attractiveness Index

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  Somalia Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  Apollo Tyres Ltd.

18.3.              Company Overview

18.4.              Products & Services

18.5.              Financials (If available)

18.6.              Current & Future Strategy

18.7.              Key Management

18.8.              Contact Details

18.8.1.  CEAT Limited

18.8.2.  JK Tyre & Industries Ltd.

18.8.3.  Michelin AIM FZE

18.8.4.  Bridgestone Middle East & Africa FZE

18.8.5.  MRF Limited

18.8.6.  Shandong Wanda BOTO Tyre Co. Ltd.

18.8.7.  Hangzhou Zhongce Rubber Co. Ltd.

18.8.8.  GITI Tire (China) Investment Company Ltd.

18.8.9.  Prinx Chengshan (Shandong) Tire Company

15. Strategic Recommendations

16. About Us & Disclaimer