Cameroon Two-Wheeler Tire Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Cameroon Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 9.08% during the forecast period, i.e., 2024-30. The market's growth is driven by rapid urbanization & population growth, rising unemployment, and growing tourism. In Cameroon, the rise in urbanization and population growth is fueling the need for transportation options that are both cost-effective and efficient. Consequently, two-wheelers have gained popularity as a preferred mode of transport owing to their capacity to maneuver through congested urban roads and their comparatively lower cost when compared with four-wheeled vehicles. The growing preference for two-wheelers in urban areas is driving the expansion of Cameroon's two-wheeler tire market, primarily due to the increased wear and tear experienced on challenging urban roads, necessitating tire replacements.

Markntel Advisor’s Cameroon Two-Wheeler Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Cameroon Two-Wheeler Tire Market drivers, barriers, Cameroon Two-Wheeler Tire Market Trends, and Key Players in Cameroon Two-Wheeler Tire Market.

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Cameroon Two-Wheeler Tire Market Dynamics: 2024-2030

Cameroon Two-Wheeler Tire Market Driver:

High Unemployment Rate Increasing the Sales of Two-Wheelers – Growing levels of unemployment in Cameroon push individuals towards entrepreneurial endeavors and participation in the informal economy. According to the World Bank, the unemployment rate among the youth population has risen to around 7.1% in 2021 from around 6.4% in 2019. Owing to the high unemployment rate, individuals turn to activities such as motorcycle taxis, courier services, and small-scale businesses for income generation. As a result, there is a growing demand for two-wheelers to support these informal economic activities. This increased usage of motorcycles & scooters directly drives the demand for tires in the market.

In addition, unemployment fuels the growth of the informal economy, which heavily relies on efficient transportation for activities such as street vending, delivery services, and artisanal trades. Two-wheelers play a key role in facilitating mobility within the informal economy, enabling individuals to reach customers & job sites efficiently. The expansion of informal economy services leads to increased sales of two-wheelers and, subsequently, tires across the market.

Moreover, the introduction of motorcycle taxis, which are commonly called boda-bodas, has become a prominent mode of transportation, particularly in urban and peri-urban areas. Consequently, unemployed individuals turn to motorcycle taxi services as a means of generating income across the region. Therefore, the proliferation of motorcycle taxis significantly contributes to the overall sales of motorcycles, which positively generates the demand for tires.

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Cameroon Two-Wheeler Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Vehicle Type

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

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

o    

According to report, The scooter & moped segment holds a significant share of the Cameroon Two-Wheeler Tire Market and is anticipated to be in the same trend during the forecast period.

·       By Demand Type

o   OEMs- Market Size & Forecast 2019-2030, Thousand Units

o   Replacement- Market Size & Forecast 2019-2030, Thousand Units

·       By Tire Type

o   Radial- Market Size & Forecast 2019-2030, Thousand Units

o   Bias- Market Size & Forecast 2019-2030, Thousand Units

·       By Price Category

o   Budget (Up to USD11)- Market Size & Forecast 2019-2030, Thousand Units

o   Economy (USD12 to 30)- Market Size & Forecast 2019-2030, Thousand Units

o   Premium (Above USD30)-Market Size & Forecast 2019-2030, Thousand Units

According to report, The demand for budget two-wheeler tires in Cameroon is notable, driven by several factors such as affordability, increased use for commercial purposes, the presence of an informal economy, etc.

·       By Sales Channel

o   Online- Market Size & Forecast 2019-2030, Thousand Units

o   Multi Brand Stores - Market Size & Forecast 2019-2030, Thousand Units

o   Exclusive Stores - Market Size & Forecast 2019-2030, Thousand Units

·       By Tire Size

o   3.00 X 17 - Market Size & Forecast 2019-2030, Thousand Units

o   2.75 X 17 - Market Size & Forecast 2019-2030, Thousand Units

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

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

o   Others (100/90-16,120/80-17, etc.) - Market Size & Forecast 2019-2030, Thousand Units

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Cameroon Two-Wheeler Tire Market:

• Bridgestone Corporation
• Goodyear Tire and Rubber Company(Dunlop)
• Michelin
• Continental AG
• Yokohama TWS (Mitas)
• Pirelli Tyre S.p.A
• Metzeler
• Shinko Tyres
• Kenda Tires

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