Market Insights
As per recent research by MarkNtel Advisors, The South Africa Tire Market size is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.
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Key Driver: Rapid Industrialization & Increasing Demand for Heavy Vehicles
With the rising number of construction activities in South Africa, the demand for heavy-duty vehicles is rapidly escalating, thus augmenting the need for robust tires to attain better grip, exert weight & pressure, and function on changing terrain. Additionally, since the country has several reserves for platinum metals, the government is investing immensely in expanding the mining operations, which is another crucial aspect propelling the demand for heavy-duty vehicles & driving the South Africa Tire Market.
Market Segmentation and Consumer Behavior:
By Vehicle Type
- Passenger Car-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Commercial Vehicle
- Light Commercial Vehicle (LCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Medium & Heavy Commercial Vehicle (MHCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Off-Road Tire (OTR) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Two Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Three Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Demand Type
- OEM’s-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Aftermarket-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Tire Type
- Radial-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Bias-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Sales Channel
- Online-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Direct Sales-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Multi Brand Stores-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Exclusive Outlets-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Price Category
- Budget-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Economy-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Premium-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
6.2.6. By Rim Size
- Up to 12” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 15” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 18” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 20” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 22.5” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 6” to 26” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 35” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 47” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Above 47-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
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South Africa Tire Market Geographical Analysis:
By Region:
- East
- Central
- North
- South
- West
Key Players and Competitive Strategies in the South Africa Tire Market
Several prominent players dominate the South Africa Tire Market, including:
- Pirelli Tyre (Pty) Ltd
- Bridgestone Tyres
- Sumitomo Rubber South Africa (PTY) Ltd.
- Continental Tyres
- Hangzhou Zhongce Rubber
- Goodyear Tires
- CEAT Tires
- Triange Tyre
- Michelin Tyre
- Maxxis Tyres
- Yokohama Tires
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Questions Addressed in this Study
1.What factors are driving the South Africa Tire Market growth?
2.How is the South Africa Tire Market expected to grow over the next five years?
3.What are the key insights into the current trends in the South Africa Tire Market?
4.What is the current size of the South Africa Tire Market, and how is it projected to change in the future?
5.What is the future outlook for the South Africa Tire Market in terms of technological advancements and market expansion?
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