How big is the South Africa Two-Wheeler Tire market?
According to MarkNtel Advisors study, The South Africa Two-Wheeler Tire Market size is projected to grow at a CAGR of around 6.89% during the forecast period, i.e., 2024-30.
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South Africa Two-Wheeler Tire Market Trend:
Increasing Popularity of Electric Two-Wheelers – African countries, including South Africa, are facing numerous challenges like pollution, limited access to fuel, and hikes in fuel prices. Therefore, electric motorcycles are emerging as a feasible solution to address these challenges, and several companies such as Spiro and One Electric Motorcycles Company are setting up in the country, which is driving the growth of tires for original equipment manufacturers (OEMs) in the country.
In addition, the government is also encouraging the adoption of electric two-wheelers through initiatives such as the Green Transport Strategy, etc., to mitigate the environmental issues caused by ICE vehicle emissions. As a result, the demand for electric motorcycles in South Africa is expected to rise, leading companies such as Spiro, One Electric Motorcycles, etc., to ramp up their electric motorcycle production capacities and provide the prospect for new players to enter the market. For instance,
- In 2023, VMoto Soco South Africa (VSSA) planned to introduce the VMoto Soco product line into the local market.
Thus, the setup & expansion of electric motorcycle manufacturing units in the country would facilitate the demand for two-wheeler tires in the forthcoming years.
Leading Companies in the 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
- other
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South Africa Two-Wheeler Tire Market Segmentation:
By Vehicle Type
- Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
- Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
Motorcycles gained a considerable share of the market due to their better mileage and have been considered suitable for long-distance commutes.
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
Regional/ Countries Insight:
- East
- Central
- North
- South
- West
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