Africa Two-Wheeler Tire Market, By Vehicle Type ; By Demand Category ; By Tire Type ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Africa two-wheeler tire market is flourishing because of an increasing adoption of two-wheelers for daily commuting, escalating issues of road congestion and traffic, as well as growing urbanization, and lack of dependable public transportation.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Africa two-wheeler tire market size volume at 8.15 million units in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Africa two-wheeler tire market size volume to grow at a steady CAGR of 4.5% reaching 11.05 million units by 2029. Major factors for the expansion of Africa two-wheeler tire market include increasing fleet size, growing automation, and high adoption of mopeds. Climate change, rising temperature and sea levels, shifting precipitation patterns, and extreme weather patterns are altering African countries' socioeconomic status. It is affecting road infrastructure, resulting in the frequency of tire replacement is escalating in African countries. These elements are boosting two-wheeler tire sales in the region and are expected to influence growth during the forecast period as well. Continuous commercial expansion of the region's leading tire firms by improving their product portfolio and consumer outreach through increased dealer addition is expected to increase competitiveness in the Africa two-wheeler tire market during the forecast period. However, volatile raw material prices are anticipated to limit the overall market growth.

Africa Two-Wheeler Tire Market

Growth Drivers

Increasing demand for electric two-wheelers

Traffic jams has become a major issue in many African countries. In recent years, Nigeria, Ghana, Tanzania, and other African countries have observed a rapid growth in commute time inside African cities. People in these countries have resorted to employ other modes of transportation to avoid traffic congestion. Two-wheelers have been a plausible approach to Africa's growing traffic congestion. Several benefits associated with two-wheelers, such as their compact size, ease of driving in severe road and traffic conditions, and cost benefits due to low fuel use, are major factors driving the demand for two-wheeler tires. In Africa, motorization is still exceedingly low, and electric vehicles are virtually non-existent. As a result, the conventional motorcycle market is expanding rapidly in parallel with the economy and population growth. Electric two-wheelers are currently gaining traction throughout Africa. E-mobility is gaining popularity in the region's government and commercial sectors, motivated by concerns about health and the environment, as well as a desire to reduce dependency on oil imports. From boda-bodas to motorcycle taxis, the region's e-mobility area of motorcycles and mobility scooters has witnessed a phenomenal growth. The government is enacting new regulations to encourage the use of e-bikes in the region. For instance, to allow, facilitate, and deploy electric vehicle mobility in South Africa, the Technology Innovation Agency created the national uYilo eMobility Program. As a multi-stakeholder initiative, the uYiloProgram engages in several initiatives, encompassing government lobbying, industry involvement, pilot projects, capacity building, enterprise growth, and thought leadership. These initiatives could propel the growth of electric mobility in South Africa.

Africa Two-Wheeler Tire Market - By Vehicle Type

By vehicle type, Africa two-wheeler tire market is bifurcated into Motorcycle and Scooter/Moped segments. The motorcycle segment is expected to dominate the market during period in analysis, due to the lack of transportation resulting in increasing usage of mobility in rural and urban areas. Motorcycle taxis, also referred as Boda Boda, across African countries, such as Nigeria, Uganda, Kenya, and other Eastern African countries, contribute to the growth of two-wheeler sales. Motorcycle taxis are highly adopted across Africa to transport goods and passengers to inaccessible regions in both urban and rural areas. Furthermore, factors such as increased public transit demand, simple financing, and an influx of inexpensive imports from Indian manufacturers are all contributing considerably to the expansion of the African two-wheeler market.

Impact of COVID-19 on Africa Two-Wheeler Tire Market

COVID-19 had a detrimental effect on two-wheeler tire market in Africa due to the region-wide lockdown, the two-wheeler market was hampered by a mix of demand and supply challenges. The pandemic had a negative impact on economies and businesses, resulting in lockdowns, travel bans, and business closures. The closure of plants and factories affected supply chains, negatively impacting manufacturing, delivery schedules, and product sales in the market. Few corporations already acknowledged anticipated delays in product deliveries and a decline in product sales. Overall investments decreased dramatically during the lockdown, total production fell, and imports of goods and services plunged, significantly damaging the economy and consumer spending in 2020. This loss caused a significant deflation in the two-wheeler tire market. However, it is currently rising and is expected to overcome the decline during 2021-2022 due to the governments' stimulus for economic recovery and resuming international trades and investments. Tire manufacturers were compelled to implement online platforms to distribute tires via e-commerce platforms and offer door-step delivery and installation services to their consumers to remain competitive in the market during the crisis. Hence, such factors contributed to the expansion of Africa two-wheeler tire market.

Competitive Landscape

Major players operating in Africa two-wheeler tire market include: Michelin Group, Bridgestone Corporation, Goodyear Tire and Rubber Company, Continental AG, Dunlop Ltd, Toyo, Stamford Tyres Corporation, Maxxis International, Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Cooper Tire & Rubber Company, and Hankook Tire & Technology Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Africa Two-Wheeler Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Africa Two-Wheeler Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22598

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Africa Two-Wheeler Tire Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing Automation
  - 3.2.1.2. Increasing Adoption of Mopeds
- 3.2.2. Restraints
  - 3.2.2.1. Fluctuating prices of Raw Materials
- 3.2.3. Opportunities
  - 3.2.3.1. Swift Expansion of the Cross-Border Trade of Tires
- 3.2.4. Challenges
  - 3.2.4.1. Negative Impact of COVID-19 pandemic in Africa
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Africa Two-Wheeler Tire Market Overview

4.1. Market Size & Forecast by Value & Volume, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.1.2. By Volume (Million Units)
4.2. Market Share & Forecast
- 4.2.1. By Vehicle Type
  - 4.2.1.1. Motorcycle
  - 4.2.1.2. Scooter/Moped
- 4.2.2. By Demand Category
  - 4.2.2.1. OEM
  - 4.2.2.2. Replacement
- 4.2.3. By Tire Type
  - 4.2.3.1. Radial
  - 4.2.3.2. Bias
- 4.2.4. By Country
  - 4.2.4.1. South Africa
  - 4.2.4.2. Morocco
  - 4.2.4.3. Algeria
  - 4.2.4.4. Egypt
  - 4.2.4.5. Nigeria
  - 4.2.4.6. Ghana
  - 4.2.4.7. Kenya
  - 4.2.4.8. Rest of Africa

5. South Africa Two-Wheeler Tire Market Overview

5.1. Market Size & Forecast by Value & Volume, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.1.2. By Volume (Million Units)
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type
- 5.2.2. By Demand Category
- 5.2.3. By Tire Type

6. Morocco Two-Wheeler Tire Market Overview

6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Million Units)
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type
- 6.2.2. By Demand Category
- 6.2.3. By Tire Type

7. Algeria Two-Wheeler Tire Market Overview

7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.1.2. By Volume (Million Units)
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Demand Category
- 7.2.3. By Tire Type

8. Egypt Two-Wheeler Tire Market Overview

8.1. Market Size & Forecast by Value, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.1.2. By Volume (Million Units)
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Demand Category
- 8.2.3. By Tire Type

9. Nigeria Two-Wheeler Tire Market Overview

9.1. Market Size & Forecast by Value, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.1.2. By Volume (Million Units)
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Demand Category
- 9.2.3. By Tire Type

10. Ghana Two-Wheeler Tire Market Overview

10.1. Market Size & Forecast by Value, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.1.2. By Volume (Million Units)
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Demand Category
- 10.2.3. By Tire Type

11. Kenya Two-Wheeler Tire Market Overview

11.1. Market Size & Forecast by Value, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.1.2. By Volume (Million Units)
11.2. Market Share & Forecast
- 11.2.1. By Vehicle Type
- 11.2.2. By Demand Category
- 11.2.3. By Tire Type

12. Rest of Africa Two-Wheeler Tire Market Overview

12.1. Market Size & Forecast by Value, 2019-2029
- 12.1.1. By Value (USD Million)
- 12.1.2. By Volume (Million Units)
12.2. Market Share & Forecast
- 12.2.1. By Vehicle Type
- 12.2.2. By Demand Category
- 12.2.3. By Tire Type

13. Competitive Landscape

13.1. List of Key Players and Their Offerings
13.2. Africa Two-Wheeler Tire Company Market Share Analysis, 2021
13.3. Competitive Benchmarking, By Operating Parameters
13.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

14. Impact of Covid-19 on Africa Two-Wheeler Tire Market

15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

15.1. Michelin Group
15.2. Bridgestone Corporation
15.3. Goodyear Tire and Rubber Company
15.4. Continental AG
15.5. Dunlop Ltd
15.6. Toyo
15.7. Stamford Tyres Corporation
15.8. Maxxis International
15.9. Pirelli & C. S.p.A.
15.10. The Yokohama Rubber Co., Ltd.
15.11. Cooper Tire & Rubber Company
15.12. Hankook Tire & Technology Group
15.13. Other Prominent Players

16. Key Strategic Recommendations

17. Research Methodology

17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
17.2. Quantitative Research
17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
17.4. Breakdown of Primary Research Respondents, By Region
17.5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figure

Figure 1 Africa Two-Wheeler Tire Market Segmentation
Figure 2 Africa Two-Wheeler Tire Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Africa Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 5 Africa Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 7 Africa Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 8 Africa Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 10 Africa Two-Wheeler Tire Market Share, By Country, By Value, 2019-2029
Figure 11 South Africa Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 12 South Africa Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 13 South Africa Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 14 South Africa Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 15 Morocco Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 16 Morocco Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 17 Morocco Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 18 Morocco Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 19 Algeria Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 20 Algeria Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 21 Algeria Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 22 Algeria Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 23 Egypt Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 24 Egypt Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 25 Egypt Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 26 Egypt Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 27 Nigeria Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 28 Nigeria Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 29 Nigeria Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 30 Nigeria Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 31 Ghana Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 32 Ghana Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 33 Ghana Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 34 Ghana Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 35 Kenya Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 36 Kenya Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 37 Kenya Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 38 Kenya Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029
Figure 39 Rest of Africa Two-Wheeler Tire Market Size, By Value (USD Billion), 2019-2029
Figure 40 Rest of Africa Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019-2029
Figure 41 Rest of Africa Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019-2029
Figure 42 Rest of Africa Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019-2029

Product Code: BWC22598

List of Tables

Table 1 Africa Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 2 Africa Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 3 Africa Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 4 Africa Two-Wheeler Tire Market Size, By Country, By Value, 2019-2029
Table 5 South Africa Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 6 South Africa Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 7 South Africa Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 8 Morocco Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 9 Morocco Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 10 Morocco Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 11 Algeria Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 12 Algeria Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 13 Algeria Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 14 Egypt Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 15 Egypt Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 16 Egypt Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 17 Nigeria Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 18 Nigeria Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 19 Nigeria Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 20 Ghana Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 21 Ghana Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 22 Ghana Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 23 Kenya Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 24 Kenya Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 25 Kenya Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 26 Rest of Africa Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019-2029
Table 27 Rest of Africa Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019-2029
Table 28 Rest of Africa Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019-2029
Table 29 Michelin Group Company Overview
Table 30 Michelin Group Financial Overview
Table 31 Bridgestone Corporation Company Overview
Table 32 Bridgestone Corporation Financial Overview
Table 33 Goodyear Tire and Rubber Company Overview
Table 34 Goodyear Tire and Rubber Company Financial Overview
Table 35 Continental AG Company Overview
Table 36 Continental AG Financial Overview
Table 37 Dunlop Ltd Company Overview
Table 38 Dunlop Ltd Financial Overview
Table 39 Toyo Company Overview
Table 40 Toyo Financial Overview
Table 41 Stamford Tyres Corporation Company Overview
Table 42 Stamford Tyres Corporation Financial Overview
Table 43 Maxxis International Company Overview
Table 44 Maxxis International Financial Overview
Table 45 Pirelli & C. S.p.A. Company Overview
Table 46 Pirelli & C. S.p.A. Financial Overview
Table 47 The Yokohama Rubber Co., Ltd. Company Overview
Table 48 The Yokohama Rubber Co., Ltd. Financial Overview
Table 49 Cooper Tire & Rubber Company Overview
Table 50 Cooper Tire & Rubber Company Financial Overview
Table 51 Hankook Tire & Technology Group Company Overview
Table 52 Hankook Tire & Technology Group Financial Overview

Africa Two-Wheeler Tire Market, By Vehicle Type ; By Demand Category ; By Tire Type ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Description

Table of Contents

List of Tables

Africa Two-Wheeler Tire Market Size Volume to Cross 11.05 million Units by 2029.

Africa Two-Wheeler Tire Market

Growth Drivers

Increasing demand for electric two-wheelers

Africa Two-Wheeler Tire Market - By Vehicle Type

Impact of COVID-19 on Africa Two-Wheeler Tire Market

Competitive Landscape

Table of Contents

1. Research Framework

2. Executive Summary

3. Africa Two-Wheeler Tire Market Insights

4. Africa Two-Wheeler Tire Market Overview

5. South Africa Two-Wheeler Tire Market Overview

6. Morocco Two-Wheeler Tire Market Overview

7. Algeria Two-Wheeler Tire Market Overview

8. Egypt Two-Wheeler Tire Market Overview

9. Nigeria Two-Wheeler Tire Market Overview

10. Ghana Two-Wheeler Tire Market Overview

11. Kenya Two-Wheeler Tire Market Overview

12. Rest of Africa Two-Wheeler Tire Market Overview

13. Competitive Landscape

14. Impact of Covid-19 on Africa Two-Wheeler Tire Market

15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

16. Key Strategic Recommendations

17. Research Methodology

List of Tables