How Big is the Ethiopia Tire Market?
The Ethiopia Tire Market size is valued at around USD 2.08 billion in 2023 and is estimated to grow at a CAGR of about 3.48% during the forecast period, i.e., 2024-30. The market growth is driven primarily by the mounting government focus on improving the overall economic conditions of the country and its several initiatives toward addressing the declining oil prices & increasing geopolitical tensions.
Market Statistics
- Market Growth Rate (CAGR): 3.48% from 2024-2030
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Ethiopia Tire Market Insight:
Driver-
Growing Awareness about Timely Repairs & Replacement of Tires – With stabilizing economic conditions in Ethiopia and growing sales of passenger vehicles, the demand for tires is significantly rising in the country. Consumers are becoming more aware of the significance & benefits of providing timely repairs & replacements to their vehicles & keep a check on the conditions of their tires. It, in turn, is augmenting the demand for replacement tires and playing a crucial role in driving the Tire Market across Ethiopia.
Besides, urbanization & advancements in the automotive sector are further anticipated to upsurge the demand for new vehicles and, in turn, positively influence the tire demand. As a result, the country is set to generate lucrative growth opportunities for the leading players in the tire industry to expand their product portfolio & customer base through 2024.
Ethiopia Tire Market Segmentation:
The report has segmented the market into the following categories:
By Vehicle Type
- Two-wheeler Tire- Market Size & Forecast 2019-2030, (Thousand Units)
- Moped- Market Size & Forecast 2019-2030, (Thousand Units)
- Scooter- Market Size & Forecast 2019-2030, (Thousand Units)
- Motorcycles- Market Size & Forecast 2019-2030, (Thousand Units)
- Passenger Car Tire- Market Size & Forecast 2019-2030, (Thousand Units)
- SUV- Market Size & Forecast 2019-2030, (Thousand Units)
- Hatchback- Market Size & Forecast 2019-2030, (Thousand Units)
- Sedan- Market Size & Forecast 2019-2030, (Thousand Units)
- Light Commercial Vehicle (LCV) Tire -Market Size & Forecast 2019-2030, (Thousand Units)
- Light Truck- Market Size & Forecast 2019-2030, (Thousand Units)
- Light Bus- Market Size & Forecast 2019-2030, (Thousand Units)
- Pick-up Trucks & Vans- Market Size & Forecast 2019-2030, (Thousand Units)
- Medium & Heavy Commercial Vehicle (MHCV) Tire -Market Size & Forecast 2019-2030, (Thousand Units)
- Bus- Market Size & Forecast 2019-2030, (Thousand Units)
- Truck- Market Size & Forecast 2019-2030, (Thousand Units)
- Off-the-Road Vehicle (OTR) Tire-Market Size & Forecast 2019-2030, (Thousand Units)
- Earthmoving Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
- Material Handling Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
- Industrial & Mining Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
By Demand Type
- OEM – 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 Season
- Summer Tires- Market Size & Forecast 2019-2030, (Thousand Units)
- All Season Tires- Market Size & Forecast 2019-2030, (Thousand Units)
By Sales Channel
- Direct Sales- Market Size & Forecast 2019-2030, (Thousand Units)
- Dealer Distributor – Market Size & Forecast 2019-2030, (Thousand Units)
- Online Platform- Market Size & Forecast 2019-2030, (Thousand Units)
By Rim Size
- Up to 12” – Market Size & Forecast 2019-2030, (Thousand Units)
- 1” to 15” – Market Size & Forecast 2019-2030, (Thousand Units)
- 1” to 18” – Market Size & Forecast 2019-2030, (Thousand Units)
- 18” to 22.5” – Market Size & Forecast 2019-2030, (Thousand Units)
- 6” to 26” – Market Size & Forecast 2019-2030, (Thousand Units)
- 1” to 35” – Market Size & Forecast 2019-2030, (Thousand Units)
- 1” to 47” – Market Size & Forecast 2019-2030, (Thousand Units)
- Above 47” – Market Size & Forecast 2019-2030, (Thousand Units)
By Price Category
- Budget- Market Size & Forecast 2019-2030, (Thousand Units)
- Economy- Market Size & Forecast 2019-2030, (Thousand Units)
- Premium- Market Size & Forecast 2019-2030, (Thousand Units)
By Region
- Oromia- Market Size & Forecast 2019-2030, (Thousand Units)
- Somali- Market Size & Forecast 2019-2030, (Thousand Units)
- Tigray- Market Size & Forecast 2019-2030, (Thousand Units)
- Amhara- Market Size & Forecast 2019-2030, (Thousand Units)
- Others- Market Size & Forecast 2019-2030, (Thousand Units)
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Competitive Landscape:
- Bridgestone Corporation
- Continental AG
- Maxxis International
- Michelin
- Goodyear Tire & Rubber Co.
- Pirelli & C. S.P.A.
- Sumitomo Rubber Industries, Ltd.
- MRF Limited
- CEAT Limited
- Apollo Tires Ltd
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*
Key Highlights of the Report:
- Market Performance (2024-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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