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, ...