South Africa Tire Market Size, Share, & Growth Projections for Key Players

A Quick Overview of South Africa Tire Market

• Base Year: 2022

• Historical Years: 2018-2021

• Forecast Years: 2023-2028

• Market Growth Rate: 4.5% (2023-2028)

The key object of this report on the South Africa Tire Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the South Africa Tire Market size is projected to grow at a CAGR of around 4.5% from 2023 to 2028. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

𝐈𝐧 𝐜𝐚𝐬𝐞 𝐲𝐨𝐮 𝐦𝐢𝐬𝐬𝐞𝐝 𝐢𝐭, 𝐰𝐞 𝐚𝐫𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐫𝐞𝐯𝐢𝐬𝐢𝐧𝐠 𝐨𝐮𝐫 𝐫𝐞𝐩𝐨𝐫𝐭𝐬. 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐛𝐞𝐥𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐝𝐚𝐭𝐚 𝐰𝐢𝐭𝐡 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐟𝐨𝐫 𝐲𝐞𝐚𝐫𝐬 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟎, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞, 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬. 𝐈𝐭 𝐰𝐨𝐮𝐥𝐝𝐧'𝐭 𝐭𝐚𝐤𝐞 𝐥𝐨𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐭𝐞𝐚𝐦 𝐭𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐫𝐞𝐜𝐞𝐧𝐭 𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭.

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Market Dynamics:

Driver-

Rapid Industrialization & Increasing Demand for Heavy Vehicles - With the rising number of construction activities in South Africa, the demand for heavy-duty vehicles is rapidly escalating, thus augmenting the need for robust tires to attain better grip, exert weight & pressure, and function on changing terrain. Additionally, since the country has several reserves for platinum metals, the government is investing immensely in expanding the mining operations, which is another crucial aspect propelling the demand for heavy-duty vehicles & driving the South Africa Tire Market.

South Africa Tire Market Report Segmentation:

The report by MarkNtel Advisors on South Africa Tire Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Vehicle Type

• Passenger Car

• Commercial Vehicle

•• Light Commercial Vehicle (LCV)

•• Medium & Heavy Commercial Vehicle (MHCV)

• Off-Road Tire (OTR)

• Two Wheeler

• Three Wheeler

By Demand Type

• OEM's

• Aftermarket

- Of them both, OEM (Original Equipment Manufacturer) is anticipated to demonstrate a substantial growth of the South Africa Tire Market during the forecast period. It owes principally to the rapidly growing sales of vehicles & their constant up-gradation by automakers, i.e., propelling the demand for original tires from affiliated OEMs.

By Tire Type

• Radial

• Bias

By Sales Channel

• Online

• Direct Sales

• Multi Brand Stores

• Exclusive Outlets

By Price Category

• Budget

• Economy

• Premium

By Rim Size

• Up to 12"

• 12.1" to 15"

• 15.1" to 18"

• 18.1" to 20"

• 20.1" to 22.5"

• 22.6" to 26"

• 26.1" to 35"

• 35.1" to 47"

• Above 47

By Region

• East

• Central

• North

• South

• West

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Some of the Top South Africa Tire Companies in the Market

In the fast-changing South Africa Tire Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• Pirelli Tyre (Pty) Ltd

• Bridgestone Tyres

• Sumitomo Rubber South Africa (PTY) Ltd.

• Continental Tyres

• Hangzhou Zhongce Rubber

• Goodyear Tires

• CEAT Tires

• Triange Tyre

• Michelin Tyre

• Maxxis Tyres

• Yokohama Tires

• Others

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