Nigeria Two-Wheeler Tire Market A Dive from 8.64% CAGR in 2024-30| MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on Nigeria Two-Wheeler Tire market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2024-30: Revealing Nigeria Two-Wheeler Tire Market Insights and Analysis

The Nigeria Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 8.64% during the forecast period, i.e., 2024–30.

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Driving Innovation: Exploring the Nigeria Two-Wheeler Tire Market and its Growth Challenge

Nigeria Two-Wheeler Tire Market Challenge:

Growing Illicit Trade of Tires to Hamper Market Growth –  Nigeria is facing a growing issue of the illicit two-wheeler tire trade, marked by deceptive practices like misdeclaration and rerouting to bypass duties. The emergence of such illicit trade is primarily attributed to certain entities and individuals engaging in deceptive practices or opting for alternative routes to avoid the legal obligations and financial responsibilities associated with tire imports. The expanding illicit trade in two-wheeler tires is exacerbating the penetration of counterfeit products in the region and introducing unfair competition across the market. Thus, growing illegal trade activities in Nigeria would significantly impact the market’s future growth & expansion.

Nigeria Two-Wheeler Tire Market: Key Players

Apollo Tire

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

JK Tyer

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

CEAT

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

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Nigeria Two-Wheeler Tire Market Segmentation Outline:

By Vehicle Type

-Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units

-Motorcycle- Market Size & Forecast 2019-2030, Thousand Units

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

-Others – Market Size & Forecast 2019-2030, Thousand Units

By Tire Size

-80/100-17- Market Size & Forecast 2019-2030, Thousand Units

-100/90-17- Market Size & Forecast 2019-2030, Thousand Units

-2.75 x 17 – Market Size & Forecast 2019-2030, Thousand Units

-2.75-18- Market Size & Forecast 2019-2030, Thousand Units

-3.00 x 17 50- Market Size & Forecast 2019-2030, Thousand Units

-3.00 – 18- Market Size & Forecast 2019-2030, Thousand Units

-90/90 – 17- Market Size & Forecast 2019-2030, Thousand Units

-Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 – 17 etc.) – Market Size & Forecast 2019-2030, Thousand Units

By Region

-Midwest

-North

-East

-West

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