The South Africa Two-Wheeler Tire Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the South Africa Two-Wheeler Tire Market is projected to witness a compound annual growth rate (CAGR) of around 6.89% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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South Africa Two-Wheeler Tire Market Segmentation Analysis: 2024-2030
The South Africa Two-Wheeler Tire Market is segmented into:
By Vehicle Type
- Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
- Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
By Demand Type
- OEMs- Market Size & Forecast 2019-2030, Thousand Units
- Replacement- Market Size & Forecast 2019-2030, Thousand Units
By Tire Type
- Radial- Market Size & Forecast 2019-2030, Thousand Units
- Bias- Market Size & Forecast 2019-2030, Thousand Units
By Price Category
- Budget (Up to USD11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
- Economy (USD12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
- Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units
By Sales Channel
- Online- Market Size & Forecast 2019-2030, Thousand Units
- Multi Brand Stores - Market Size & Forecast 2019-2030, Thousand Units
- Exclusive Outlets - Market Size & Forecast 2019-2030, Thousand Units
- Direct Sales- Market Size & Forecast 2019-2030, Thousand Units
By Tire Size
- 120/70 R 19- Market Size & Forecast 2019-2030, Thousand Units
- 170/60/17- Market Size & Forecast 2019-2030, Thousand Units
- 90/90-12- Market Size & Forecast 2019-2030, Thousand Units
- 120/70-12- Market Size & Forecast 2019-2030, Thousand Units
- Others (90/80-17, 90/90-21, etc.)- Market Size & Forecast 2019-2030, Thousand Units
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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South Africa Two-Wheeler Tire Market Opportunity:
South Africa's Rising Middle-Class Population to Offer Lucrative Opportunities – Over the past three decades, South Africa has witnessed a remarkable threefold increase in its middle-class population, elevating one in every three individuals above the poverty line. According to the World Bank, the middle-class population in South Africa has increased to around 6 million in 2022 from about 5.7 million in 2019. This demographic shift is reshaping consumer patterns & providing lucrative opportunities for the two-wheeler tire industry across the region. Besides, with a burgeoning middle class, there is a notable increase in disposable income. This rise in purchasing power authorizes more individuals to consider personal modes of transportation, such as motorcycles & mopeds, contributing to a heightened demand for two-wheeler tires.
Geographical Coverage of the South Africa Two-Wheeler Tire Market
- East
- Central
- North
- South
- West
Top Leading Key Players of South Africa Two-Wheeler Tire Market
- 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
- Others
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Common Queries
- What is the current trajectory of cost and profit estimations in the South Africa Two-Wheeler Tire Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the South Africa Two-Wheeler Tire Industry?
- Which technological advancements are anticipated to shape the future of the South Africa Two-Wheeler Tire Market?
- Who are the noteworthy players highlighted in the South Africa Two-Wheeler Tire Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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