Market Size, Growth & Valuation (2024-30)

Ethiopia Tire Market size is valued at around USD 2.08 billion in 2023 and is estimated to grow at a CAGR of about 3.48% during the forecast period, i.e., 2024-30.

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Ethiopia Tire Market Structure – Segmentation & Geography

By Vehicle Type

  • Two-wheeler Tire- Market Size & Forecast 2019-2030, (Thousand Units)
    • Moped- Market Size & Forecast 2019-2030, (Thousand Units)
    • Scooter- Market Size & Forecast 2019-2030, (Thousand Units)
    • Motorcycles- Market Size & Forecast 2019-2030, (Thousand Units)
  • Passenger Car Tire- Market Size & Forecast 2019-2030, (Thousand Units)
    • SUV- Market Size & Forecast 2019-2030, (Thousand Units)
    • Hatchback- Market Size & Forecast 2019-2030, (Thousand Units)
    • Sedan- Market Size & Forecast 2019-2030, (Thousand Units)
  • Light Commercial Vehicle (LCV) Tire -Market Size & Forecast 2019-2030, (Thousand Units)
    • Light Truck- Market Size & Forecast 2019-2030, (Thousand Units)
    • Light Bus- Market Size & Forecast 2019-2030, (Thousand Units)
    • Pick-up Trucks & Vans- Market Size & Forecast 2019-2030, (Thousand Units)
  • Medium & Heavy Commercial Vehicle (MHCV) Tire -Market Size & Forecast 2019-2030, (Thousand Units)
    • Bus- Market Size & Forecast 2019-2030, (Thousand Units)
    • Truck- Market Size & Forecast 2019-2030, (Thousand Units)
  • Off-the-Road Vehicle (OTR) Tire-Market Size & Forecast 2019-2030, (Thousand Units)
    • Earthmoving Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
    • Material Handling Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
    • Industrial & Mining Equipment-Market Size & Forecast 2019-2030, (Thousand Units)

Passenger Cars dominated the Ethiopia Tire Market with the largest share in previous years, and the same trend is projected during 2024-30. 

By Demand Type

  • OEM - Market Size & Forecast 2019-2030, (Thousand Units)
  • Replacement - Market Size & Forecast 2019-2030, (Thousand Units)

The immense popularity of Chinese tires in Ethiopia is augmenting the market growth for Replacement Tires owing to their easy availability, extensive variety, and affordable price range.

By Tire Type

  • Radial- Market Size & Forecast 2019-2030, (Thousand Units)
  • Bias - Market Size & Forecast 2019-2030, (Thousand Units)

By Season

  • Summer Tires- Market Size & Forecast 2019-2030, (Thousand Units)
  • All Season Tires- Market Size & Forecast 2019-2030, (Thousand Units)

By Sales Channel

  • Direct Sales- Market Size & Forecast 2019-2030, (Thousand Units)
  • Dealer Distributor - Market Size & Forecast 2019-2030, (Thousand Units)
  • Online Platform- Market Size & Forecast 2019-2030, (Thousand Units)

By Rim Size

  • Up to 12” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 15” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 18” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 18” to 22.5” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 6” to 26” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 35” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 47” - Market Size & Forecast 2019-2030, (Thousand Units)
  • Above 47” - Market Size & Forecast 2019-2030, (Thousand Units)

By Price Category

  • Budget- Market Size & Forecast 2019-2030, (Thousand Units)
  • Economy- Market Size & Forecast 2019-2030, (Thousand Units)
  • Premium- Market Size & Forecast 2019-2030, (Thousand Units)

By Region

  • Oromia- Market Size & Forecast 2019-2030, (Thousand Units)
  • Somali- Market Size & Forecast 2019-2030, (Thousand Units)
  • Tigray- Market Size & Forecast 2019-2030, (Thousand Units)
  • Amhara- Market Size & Forecast 2019-2030, (Thousand Units)
  • Others- Market Size & Forecast 2019-2030, (Thousand Units).

Key Growth Challenge (2024-2030)

Economic Challenges Creating Barriers in Ethiopia's Tire Industry – The relatively slower pace of economic growth in Ethiopia, compared to its neighboring nations, like Kenya, South Sudan, and others, presents a notable challenge to market expansion. The limited industrial development in the country contributes to a sluggish increase in commercial spaces and subsequently restricts overall citizen prosperity. This slower economic growth constrains the demand for new vehicles in the market, consequently affecting the growth of the tire industry.

Furthermore, high import duties on tires, in conjunction with unauthorized dumping of tires within the country, create obstacles for tire providers. These factors have hindered the market's growth potential, resulting in a nominal surge in the demand for new tires.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Ethiopia Tire industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Ethiopia Tire Companies are:

  • Bridgestone Corporation
  • Continental AG
  • Maxxis International
  • Michelin
  • Goodyear Tire & Rubber Co.
  • Pirelli & C. S.P.A.
  • Sumitomo Rubber Industries, Ltd.
  • MRF Limited
  • CEAT Limited
  • Apollo Tires Ltd
  •  

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Key Questions Answered in This Report:

  1. What is the current market size of Ethiopia Tire, and what growth rate is projected by 2030?
  2. Which key trends are driving Ethiopia Tire market expansion in the next five years?
  3. How does market segmentation impact industry dynamics?
  4. Which geographic regions offer the highest growth potential?
  5. What are the primary challenges hindering Ethiopia Tire industry growth?
  6. How do regulatory policies influence market development?
  7. What are the latest technological advancements impacting the sector?
  8. Who are the leading Ethiopia Tire companies, and what are their market shares?
  9. What strategies are top competitors adopting to maintain dominance?
  10. What are the emerging niche segments with high growth potential?
  11. How do macroeconomic factors affect market performance?
  12. What are the investment opportunities for new entrants?
  13. How does pricing strategy vary across different market segments?
  14. What are the future innovation trends expected in this industry?

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