According to recent findings, the Algeria Tire Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2022-27.
At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market's promising outlook.
Algeria Tire Overview:
Most of the market expansion attributes to the improving economic conditions of people & their growing interest in private ownership of vehicles, i.e., portraying a rapidly escalating fleet size of cars and mounting demand for tires across Algeria.
Besides, growing government focus on infrastructural developments for economic diversification is increasing the need for various medium & heavy and OTR vehicles for different construction & development projects and, in turn, augmenting the production & sales of tires.
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Algeria Tire Segmentation Analysis:
By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Medium and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- Three Wheeler
By Demand Category
- OEM
- Aftermarket
According to reports, Here, OEMs (Original Equipment Manufacturers) are anticipated to demonstrate considerable market growth through 2027,
By Type of Tire
- Radial
- Bias
According to reports, Radial tires outpaced the sales of Bias tires in the Algeria Tire Market in recent years and are anticipated to continue the same trend during 2022-27.
By Sales Channel
- Dealer/Distributor
- Online
- Others
According to reports, Here, online sales channels are swiftly gaining traction across Algeria, especially in urban areas.
By Season
- All season
- Summer
By Price Category
- Budget
- Economy
- Premium
By Rim Diameter
- Upto 12”
- 1” to 15”
- 1.” to 18”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
By Region
- East
- West
- North
For deeper insights into the market, explore the summary of the research report – https://www.marknteladvisors.com/research-library/algeria-tire-market-analysis.html
Some of the Market players in the Algeria Tire are:
- Continental
- Bridgestone
- Pirelli
- Yokohama
- Double Coin
- Triangle Tire
- Toyo
- Hangzohu Zhongce
- Shandong Linglong
- Qingdao Doublestar Rubber.
Algeria Tire Recent Development:
Add Recent Development:
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Research Methodology Summary
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Key Steps:
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