Continuously growing
automobile sales and increasing fleet of vehicles in the region to drive Egypt
tire market through 2030
According
to TechSci Research report, “Egypt Tire Market By Vehicle Type, By
Demand Category, By Radial Vs Bias, Competition, Forecast & Opportunities,
2030”, Egypt tire
is projected to reach $ 1.8 billion, by the end of 2030. The growth in the
market is led by rising tyre sales across Egypt as well as growing population
and vehicle fleet. In addition to that, the expanding ventures by leading OEM Manufacturers,
growing inclination of consumers towards tyre market and the growing sales of
passenger cars, two-wheelers and commercial vehicles, is further anticipated to
compliment the overall tire market in Egypt over the next five years.
Browse 7
market data Tables and 42 Figures spread through 85 Pages and an in-depth TOC on "Egypt
Tire Market "
With an
expanding volume share of around 47% in 2018, passenger car tire segment dominated
Egypt tyre market, followed by the commercial vehicle tire segment. Dominance
of this segment can be attributed to improving economic scenario, growing per
capita income, increase in production and sales of passenger cars coupled with
rising demand for tires from the replacement segment and imposing ban on used
vehicle import.
Rising presence
of various companies such as Bridgestone, Michelin,
Continental AG, Maxxis, Falken, Trenco, Pirelli, Goodyear, etc., and
their continued operations in the tyre industry of the country is further
anticipated to intensify the Egypt tyre market during the next ten years.
Customers
can also request for 10% free customization on this report.
“With the
aid of foreign direct investment policy in Egypt and technological advancements
like pressure monitoring system, fuel efficiency tires along with growing
vehicle fleet, the demand for tires is expected to grow in Egypt. Moreover, automotive
industry witnessed a healthy sales growth in the last few years and the same
trend is expected to continue in the coming years as well, which would further steer growth in the market.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Egypt Tire Market By
Vehicle Type, By Demand Category, By Radial Vs Bias, Competition, Forecast
& Opportunities, 2030” has analyzed the potential of tyre market across Egypt,
and provides statistics and information on market sizes, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyses emerging trends along with essential
drivers and key challenges faced by Egypt tire market.
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