South Africa Two-Wheeler Tire Market Set for 6.89% CAGR Surge in 2024-30 Outlook

Prominent Features of the South Africa Two-Wheeler Tire Market Report for 2030

MarkNtel Advisors has recently published a research report titled South Africa Two-Wheeler Tire Market for the forecast year, 2024-30. MarkNtel Advisors is a prominent provider of market research and business intelligence solutions. Our extensive range of reports and services caters to the needs of businesses, investors, and professionals seeking informed decision-making in dynamic and competitive markets.

Insights into the South Africa Two-Wheeler Tire Market

According to the analysis conducted by MarkNtel Advisors, The South Africa Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 6.89% during the forecast period, i.e., 2024-30. South Africa Two-Wheeler Tire Market. In the midst of rapid transformations within the South Africa Two-Wheeler Tire market, it is imperative for businesses and investors to maintain a strategic advantage. Our report provides an in-depth examination of key market players, potential opportunities, and valuable insights, equipping our clients with the necessary information to make well-informed decisions amidst this dynamic environment.

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Market Dynamics

South Africa Two-Wheeler Tire Market Opportunity: South Africa’s Rising Middle-Class Population to Offer Lucrative Opportunities

Over the past three decades, South Africa has witnessed a remarkable threefold increase in its middle-class population, elevating one in every three individuals above the poverty line. According to the World Bank, the middle-class population in South Africa has increased to around 6 million in 2022 from about 5.7 million in 2019. This demographic shift is reshaping consumer patterns & providing lucrative opportunities for the two-wheeler tire industry across the region. Besides, with a burgeoning middle class, there is a notable increase in disposable income. This rise in purchasing power authorizes more individuals to consider personal modes of transportation, such as motorcycles & mopeds, contributing to a heightened demand for two-wheeler tires.

Lucrative Segments in the South Africa Two-Wheeler Tire Market

Clients seeking to enhance their returns in this market must make informed decisions. Keeping this in mind, our analysis examines potential investment hubs by considering projected demand, anticipated returns, profit margins, and market stability.

The South Africa Two-Wheeler Tire Market is highly fragmented and bifurcates into the following segmentations:

By Vehicle Type

-Scooter and Moped

-Motorcycle

• 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

-Replacement

By Tire Type

-Radial

-Bias

• The radial tire segment is expected to gain the majority share of the market in the forthcoming years.

By Price Category

-Budget (Up to USD11 Per Unit)

-Economy (USD12 to 30 Per unit)

-Premium (Above USD30 Per Unit)

By Sales Channel

-Online

-Multi Brand Stores

-Exclusive Outlets

-Direct Sales

By Tire Size

-120/70 R 19

-170/60/17

-90/90-12

-120/70-12

-Others (90/80-17, 90/90-21, etc.)

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By Region

-East

-Central

-North

-South

-West

Competitive Landscape of South Africa Two-Wheeler Tire Market

The key players profiled in the research report are 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, and other, We at MarkNtel Advisors, diligently identify and analyze each and every prominent player, including their new product launch, merger in recent years, acquisitions, and collaborations if any. This aids our clients in making better projections and staying competitive in the market.

Customization Services 

MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.

Frequently Asked Questions

1. What is the projections in CAGR for the forecast period?
2. What trends are currently on the rise in the South Africa Two-Wheeler Tire Market?
3. How can companies leverage opportunities present in the South Africa Two-Wheeler Tire Market?
4. What regulatory factors are shaping the landscape of the South Africa Two-Wheeler Tire Market?
5. In what ways has technology impacted the South Africa Two-Wheeler Tire Market environment?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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