Tire circles Africa market!

Africa Tire Market By Vehicle Type, Demand Category, Radial Vs. Bias, By Country, Competition Forecast & Opportunities, 2023 tire market is forecast to grow $ 7.50 billion by 2023, owing to rising passenger car and commercial vehicle sales in the region. Increasing purchasing power and GDP per capita across the major African economies, in addition to expanding the replacement tire market, are likely to boost tire sales in the region during the forecast period. Africa tire market is majorly import driven, consequently, expanding distributor and dealer network is emerging as a critical factor for boosting tire sales in a specific country. Furthermore, increasing tire radicalization, growing demand for Chinese tires and the proliferation of used car market are anticipated to drive demand for tires in Africa in the coming years.

Some of the major players operating in Africa tire market are Bridgestone, Goodyear, Michelin, Continental, Hankook, Sumitomo, Yokohama, Pirelli, and Kumho, among others. 

Why You Should Buy This Report?

To gain an in-depth understanding of tire in Africa
To identify the on-going trends and anticipated growth in the next five years
To help industry consultants, tire distributor, distributors, and other stakeholders align their market-centric strategies
To obtain research-based business decisions and add weight to presentations and marketing material
To gain competitive knowledge of leading market players

Report Methodology

The information contained in this report is based on both primary and secondary research. Primary research included interaction with tire distributor, distributors, and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.

Category of Report:- Business Services Market Research 

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