MarkNtel Advisors recently published a detailed industry analysis of the South Africa Two-Wheeler Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the South Africa Two-Wheeler Tire Market (2024-2030)
The South Africa Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 6.89% during the forecast period, i.e., 2024-30.
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What is driving the South Africa Two-Wheeler Tire Market?
Growing Penetration of Two-Wheelers in Shared Mobility Services – South Africa has been hosting several tourists & visitors, and they have been largely using two-wheeler shared mobility services for local travel, thereby generating the demand for shared mobility services. Also, the country has been focusing on increasing the number of tourist arrivals across the country. This has enhanced the inclination of shared mobility companies to expand their services across the country to cater to these customers. According to the South African Statistics Agency (Stats SA), the number of tourist arrivals in South Africa reached about 8.48 million visitors in 2023, marking a significant surge of 48.9% compared to 2022. Hence, observing this enhanced demand for two-wheelers among tourists, ride-hailing companies, such as Taxify, Uber, Togo Bolt, etc., have expanded across the region over the past few years. For instance,
- In 2021, China’s ride-hailing company, DiDi Chuxing, launched in South Africa, the company’s first entry into Africa.
Consequently, this would upscale the usage of two-wheelers across the country, which would eventually enhance the demand for two-wheeler tires for replacement purposes in the forthcoming years as well.
What segments define the South Africa Two-Wheeler Tire Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Vehicle Type
(Scooter and Moped, Motorcycle),
By Demand Type
(OEMs, Replacement),
By Tire Type
(Radial, Bias),
By Price Category
(Budget (Up to USD11 Per Unit), Economy (USD12 to 30 Per unit), Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units),
By Sales Channel
(Online, Multi Brand Stores, Exclusive Outlets, Direct Sales),
By Tire Size
(120/70 R 19, 170/60/17, 90/90-12, 120/70-12, Others (90/80-17, 90/90-21, etc.))
Region
(East, North, Central, South, West)
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Who are the leading key players shaping the South Africa Two-Wheeler Tire Market landscape?
Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Continental AG, Maxxis Tyres, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Sumitomo Rubber Industries, MRF, CEAT, and other
Questions Addressed in this Study
1.What factors are driving the South Africa Two-Wheeler Tire Market growth?
2.How is the South Africa Two-Wheeler Tire Market expected to grow over the next five years?
3.What are the key insights into the current trends in the South Africa Two-Wheeler Tire Market?
4.What is the current size of the South Africa Two-Wheeler Tire Market, and how is it projected to change in the future?
6.What is the future outlook for the South Africa Two-Wheeler Tire Market in terms of technological advancements and market expansion?
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