Africa Tire Market Forecast 2030: Key Players & Emerging Trends

 


Africa Tire Market Size & Insights

The Africa Tire Market size was valued at around USD 6.35 billion in 2024 and is expected to reach USD 8.34 billion in 2030.     

The Africa Tire Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Africa Tire. 

What are the Key DROs in the  Africa Tire  Market?

Rising Vehicle Parc Expansion and Urban Mobility Demands –  The Africa tire market is experiencing robust growth, primarily driven by the continuous expansion of the vehicle parc across the continent. As urbanization accelerates and disposable incomes rise, more Africans are purchasing vehicles for both personal and commercial use. This surge in vehicle ownership, especially in  passenger cars and light commercial vehicles, directly translates into higher demand for both original equipment manufacturer (OEM) and replacement tires.

What are the Key Segments in the Africa Tire Market?

The Africa Tire is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-By Tire Type

  • Radial
  • Bias

-By Sales Channel

  • Direct Sales
  • Online
  • Multibrand Stores

-By Rim Size

  • Up to 12”
  • 1” to 15”
  • 1” to 18”
  • 1” to 20”
  • 1” to 22.5”
  • 6” to 26”
  • 1” to 35”
  • 1” to 47”
  • Above 47”

Amongst them all, passenger cars are projected to dominate the Africa Tire Market with the largest share during 2025-30.

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-By  Demand Category

  • OEMs
  • Aftermarkets

Of two, the aftermarket is anticipated to dominate the Africa Tire Market with the largest share during 2025-30.

How does geographical analysis highlight in the Africa Tire market?

-By Region

  • Nigeria
  • Algeria
  • Egypt
  • Morocco
  • South Africa
  • Ethiopia
  • Others (Angola, Libya, etc.)

Amongst all countries across Africa, South Africa is anticipated to dominate the market with the largest share during 2025-30.

Who are the Key Players in Africa Tire Market?

  • Bridgestone
  • Goodyear
  • Michelin
  • Continental
  • Hankook
  • Kumho
  • Toyo
  • Triangle
  • Zhongce Rubber
  • Sumitomo

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Africa Tire Market News

2024: Hankook,  inaugurated its first commercial branch in Morocco, establishing a subsidiary in Casablanca to strengthen its footprint in the Maghreb and West Africa regions. Don Yi Jeon, with a strong background in marketing and sales at Hankook, was appointed as Managing Director of the Moroccan branch, underscoring the company's commitment to regional market development and customer proximity.

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