South Africa Tire Market Poised for Robust Growth, Forecasted to Expand at 4.5% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in 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.

Report Coverage

This report offers a comprehensive analysis of the South Africa Tire Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2022
• Forecast Years: 2023-28
• Historical Years: 2018-21

South Africa Tire Market Overview

The growth of the market is likely to be driven by the rapidly increasing vehicle sales & fleet size, coupled with the swiftly expanding export business for tires. In addition, the growing prevalence of Chinese & Budget tires in South Africa has led to the availability of an extensive tire range for vehicle owners and, as a result, is positively influencing the market growth.

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South Africa Tire Market Segmentation Outlook

The South Africa Tire is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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)
  • 12.1” to 15” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • 15.1” to 18” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • 18.1” to 20” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • 20.1” to 22.5” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • 22.6” to 26” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • 26.1” to 35” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • 35.1” to 47” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  • Above 47-Market Size & Forecast 2018-2028F, Units Sold (Thousands)

By Region

• • East
  • Central
  • North
  • South
  • West

South Africa Tire Market Trend

The South Africa Tire Market would be witnessing profitable opportunities in the coming years, mainly due to various trade agreements that have helped establish the country as an innovative tire production hub. Moreover, to comprehensively expand & sustain its tire manufacturing capabilities & units, South Africa launched APDP (Automotive Production & Development Program) in 2023. Through this plan, South Africa intends to boost its automotive sector by devising an environment for vehicle manufacturers to increase their production volumes at a massive scale. Hence, these aspects are projected to create remunerative opportunities for the leading market players in the years to come.

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Top South Africa Tire Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Pirelli Tires, Bridgestone Tyres, Sumitomo Rubber South Africa (PTY) Ltd., Continental Tires, Hangzhou Zhongce Rubber, Goodyear Tires, CEAT Tyres, Triangle Tyres, Michelin Tyres, Maxxis Tyres, Yokohama Rubber Company, Others as key players shaping the market landscape.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2028?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

Need tailored data? We offer customized forecasts by region, product segmentation, and competitive intelligence upon request — now with an exclusive special pricing offer – Customized Link –

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