Africa Tire Market - Projected to Surpass $8 Billion by 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Africa Tire Market Forecast & Opportunities, 2012-2022" report to their offering.

The tire market in Africa is projected to surpass $8 billion by 2022. Replacement tires accounted for the majority share in Africa tire market over the past few years, and the same trend is anticipated to continue in the coming years as well. During 2012-2016, Africa tire market was dominated by passenger car tire segment, which accounted for a market share of over 50% in 2016.

Tire market in Africa grew at a moderate pace over the past few years, owing to rising passenger car and commercial vehicles sales, coupled with expanding replacement tire market. Moreover, increasing purchasing power and GDP per capita across the major African economies were identified to be the other predominant factors boosting tire sales in the region during 2012-2016.

Africa tire market is majorly import driven, and consequently, expanding distributor and dealer network is emerging as a critical factor for boosting tire sales in a specific country. Furthermore, increasing tire radialization, growing demand for Chinese tires and proliferation of used car market are anticipated to drive demand for tires in Africa during 2012-2022.

Companies Mentioned

  • Alliance Tire Company Ltd.
  • Apollo Tyres Ltd.
  • Balkrishna Industries Ltd.
  • Bridgestone Middle East & Africa FZE
  • CEAT Limited
  • Goodyear Middle East FZE
  • Hangzhou Zhongce Rubber Co., Ltd.
  • Hankook Tire Co. Ltd.
  • Horizon Addis Tyre S.C.
  • MRF Limited
  • Michelin AIM FZE
  • Pirelli Tyre (Suisse) SA Middle East Branch
  • Sameer Africa Ltd.
  • Sumitomo Rubber Middle East FZE
  • The Yokohama Rubber Co., Ltd.
  • Triangle Tyre Co. Ltd.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Africa Tire Market Outlook

5. South Africa Tire Market Outlook

6. Algeria Tire Market Outlook

7. Egypt Tire Market Outlook

8. Nigeria Tire Market Outlook

9. Libya Tire Market Outlook

10. Kenya Tire Market Outlook

11. Ethiopia Tire Market Outlook

12. Angola Tire Market Outlook

13. Zimbabwe Tire Market Outlook

14. Tanzania Tire Market Outlook

15. Sudan Tire Market Outlook

16. Eritrea Tire Market Outlook

17. Market Dynamics

18. Market Trends & Developments

19. Competitive Landscape

20. Strategic Recommendations

For more information about this report visit http://www.researchandmarkets.com/research/w48mbn/africa_tire

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Tires

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Tires