MarkNtel Advisors recently published a detailed industry analysis of the Tanzania Two-Wheeler Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Tanzania Two-Wheeler Tire Market (2024-2030)
The Tanzania Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 13.43% during the forecast period, i.e., 2024-30.
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What is driving the Tanzania Two-Wheeler Tire Market?
The Emergence of Online Food Delivery Services – The increasing accessibility of the Internet and the expanding reach of mobile connectivity in the nation have been driving the surge in online food delivery services. Prominent platforms such as MyFoodness, Uber Eats, and Piki Tanzania are gaining traction, offering a diverse array of food and grocery items. Furthermore, the widespread adoption of digital payment solutions, including mobile money services, has been instrumental in overcoming traditional banking obstacles, contributing significantly to the burgeoning growth of the online food delivery sector in the country.
As a result, the combination of faster internet connections and the convenience of doorstep delivery has facilitated the widespread adoption of online food delivery platforms. Consequently, delivery service providers such as Duka, Mosidrop, etc., are now integrating two-wheelers such as motorbikes and scooters into their fleets to ensure swifter deliveries to customers. Given that these vehicles cover longer distances for timely deliveries, the consequential extensive wear and tear on their tires creates a demand for regular replacements.
Additionally, the growing popularity of online food delivery platforms has led to the introduction and expansion of new services in the country. For instance,
- In 2022, BeU Delivery, an on-demand food delivery service in Ethiopia, expand its services to Dar es Salaam, Tanzania.
This influx of new entrants in the food delivery industry prompted a higher reliance on motorcycles and scooters, favored for their agility, cost-effectiveness, and suitability for navigating congested urban areas for last-mile deliveries. The escalating use of these two-wheelers for food delivery has increased wear and tear on their tires, creating a sustained need for tire replacements. As a result, this factor is anticipated to drive the market for two-wheeler tires in the country during the forecast period.
What segments define the Tanzania 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)),
By Sales Channel
(Online, Multi Brand Stores, Exclusive Outlets, Direct Sales),
By Tire Size
(80/100-17, 100/90-17, 2.75 x 17, 3.00 x 17, 3.00 - 18, Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 - 17 etc.))
By Regions
East, West, North, South,
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Who are the leading key players shaping the Tanzania Two-Wheeler Tire Market landscape?
Bridgestone Corporation, Michelin, Dunlop Tyres, Continental AG, Metzeler, Pirelli Tyre S.p.A, Inoue Rubber Co., Ltd., MRF, Shinko Tyres, CEAT, and others
Questions Addressed in this Study
1.What factors are driving the Tanzania Two-Wheeler Tire Market growth?
2.How is the Tanzania Two-Wheeler Tire Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Tanzania Two-Wheeler Tire Market?
4.What is the current size of the Tanzania Two-Wheeler Tire Market, and how is it projected to change in the future?
6.What is the future outlook for the Tanzania Two-Wheeler Tire Market in terms of technological advancements and market expansion?
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