Report Overview

Africa Two-Wheeler Tire Market - Industry Trends & Forecast Report, 2029

Africa two-wheeler tire market size by volume is estimated at 8.15 million units in 2022. During the forecast period between 2023 and 2029, Africa two-wheeler tire market size to grow at a CAGR of 4.5% reaching a volume of 11.05 million units by 2029. Major growth drivers for Africa two-wheeler tire market include increasing fleet size, growing automation and high adoption of mopeds. Climate change, rising temperature and sea levels, shifting precipitation patterns, and extreme weather patterns are altering African countries' socioeconomic status. It affects road infrastructure, resulting in the frequency of tire replacement is escalating in African countries. These elements are boosting two-wheeler tire sales in the region and are expected to influence growth in the forecast term as well. Continuous commercial expansion of the region's leading tire firms by improving their product portfolio and consumer outreach through increased dealer addition is expected to increase competitiveness in the Africa two-wheeler tire industry. Deepening penetration of Chinese and Indian inexpensive two-wheelers in the African two-wheeler market by two-wheeler importers is allowing consumers with alternatives, which is expected to benefit the sector during the forecast period.

Africa Two-Wheeler Tire Market

Growth Drivers

Increasing use of electric two-wheelers to spur demand for two-wheeler tires

Enactment of rigorous emission laws across African countries as well as a rise in environmental awareness, are expected to drive demand for electric two-wheelers, which would likely enhance the Africa two-wheeler tire market. Major two-wheeler manufacturers provide various plans and discounts on two-wheelers, which are projected to raise two-wheeler sales and boost the two-wheeler tire market.

Restraints

Fluctuating raw material prices

Africa two-wheeler tire market is hampered by fluctuating raw material prices, higher input costs caused by a scarcity of natural rubber and oil prices. As almost all raw materials are crude derivatives, making them price sensitive to crude oil. The raw materials employed in tire production account for most of the cost, with synthetic and natural rubber acting as the primary raw materials. Crude oil prices have recently risen substantially over the world. As a result, the expense of synthetic rubber and other crude derivatives used in tire manufacturing is expected to climb in the future years.

Impact of COVID-19 on Africa Two-Wheeler Tire Market

Covid-19 had a detrimental effect on two-wheeler tire market in Africa due to the region-wide lockdown, the two-wheeler market has been hampered by a mix of demand and supply challenges. The pandemic had a negative impact on economies and businesses, resulting in lockdowns, travel bans, and business closures. The closure of plants and factories has impacted supply chains, negatively impacting manufacturing, delivery schedules, and product sales in the global market. Few corporations have already acknowledged anticipated delays in product deliveries and a decline in product sales. Additionally, overall investment decreased dramatically during the lockdown, total production fell, and imports of goods and services plunged, significantly damaging the economy and consumer spending in 2020. This loss caused a significant deflation in the two-wheeler tire market. However, it is currently rising and is expected to overcome the decline during 2021–2022 due to the government's stimulus for economic recovery and opening international trades and investments. Tire manufacturers were compelled to implement online platforms to distribute tires via e-commerce platforms and offer door-step delivery and installation services to their consumers to remain competitive in the market during the crisis. Hence, such factors have contributed to the expansion of Africa two-wheeler tire market.

Africa Two-Wheeler Tire Market

Segmental Coverage

Africa Two-Wheeler Tire Market – By Vehicle Type

By vehicle type, Africa Two-wheeler tire market is bifurcated into Motorcycle and Scooter/Moped segments. The motorcycle segment is expected to dominate the market during period in analysis, due to lack of public transportation resulting in increasing usage of mobility in rural and urban areas. Motorcycle taxis, also referred as Boda Boda, across Nigeria, Uganda, Kenya, and other Eastern African countries, boost two-wheeler sales. Motorcycle taxis are highly adopted across Africa to transport goods and passengers to inaccessible regions in both urban and rural areas. Furthermore, factors such as increased public transit demand, simple financing, and an influx of inexpensive imports from Indian manufacturers are all contributing considerably to the expansion of the African two-wheeler market.

Africa Two-Wheeler Tire Market – By Demand Category

Based on demand category, Africa two-wheeler tire market is split into OEM and Replacement segments. The replacement segment is expected to dominate the market due to scarcity of two-wheeler manufacturing plants, consumer tire replacement frequency is increasing, and increasing the fleet size.

Africa Two-Wheeler Tire Market – By Tire Type

Based on tire type, Africa two-wheeler tire market is bifurcated into Radial and Bias segments. The bias segment is expected hold a higher market share, as most consumers in African countries prefer two-wheelers for commuting, and bias tires are widely utilized in these two-wheelers. On the contrary, radial tires are usually employed in motorcycles particularly for sporting and adventure activities, which are less common in Africa.

Africa Two-Wheeler Tire Market – By Region

Geographically, Africa Two-wheeler tire market is segmented into South Africa, Morocco, Algeria, Egypt, Nigeria, Ghana, Kenya, and Rest of Africa. South Africa is expected to dominate the African market with the highest share. Increased trade agreements are assisting South Africa in strengthening itself as an innovative tire manufacturing powerhouse throughout Africa. South Africa's APDP (Automotive Production & Development Program) is another notable component that is expected to enhance its tire business during the period in analysis. Several ongoing and planned building projects, as well as the constantly increasing transportation and logistics sectors, are augmenting the necessity for commercial vehicles and favorably affecting tire demand for improved operational efficiency and safer driving. As a result, these components contribute to promising potential for the South African tire market. South Africa is followed by Nigeria and Egypt in leading the market due to the increasing fleet size and the government is enacting advantageous regulations to encourage foreign investments to build vehicle and tire manufacturing facilities across the country and boost overall tire industry growth.

Competitive Landscape

Major players operating in Africa two-wheeler tire market include Michelin Group, Bridgestone Corporation, Goodyear Tire and Rubber Company, Continental AG, Dunlop Ltd, Toyo, Stamford Tyres Corporation, Maxxis International, Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Cooper Tire & Rubber Company, and Hankook Tire & Technology Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In June 2021 - Hero MotoCorp introduced a new motorcycle, the "Hunter," for the Nigerian market. Hunter is outfitted with latest edge technology that delivers customers the finest fuel economy, prolonged engine life, and a comfortable long seat. The engine of the motorcycle has been thoroughly examined to ensure that it would function properly in Nigerian conditions.

Scope of the Report

By Vehicle Type

• Motorcycle

• Scooter/Moped

By Demand Category

• OEM

• Replacement

By Tire Type

• Radial

• Bias

By Country

• South Africa

• Morocco

• Algeria

• Egypt

• Nigeria

• Ghana

• Kenya

• Rest of Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Africa Two-Wheeler Tire Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Automation
         2. Increasing Adoption of Mopeds
      2. Restraints
         1. Fluctuating prices of Raw Materials
      3. Opportunities
         1. Swift Expansion of the Cross-Border Trade of Tires
      4. Challenges
         1. Negative Impact of COVID-19 pandemic in Africa
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Africa Two-Wheeler Tire Market Overview
   1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Vehicle Type
         1. Motorcycle
         2. Scooter/Moped
      2. By Demand Category
         1. OEM
         2. Replacement
      3. By Tire Type
         1. Radial
         2. Bias
      4. By Country
         1. South Africa
         2. Morocco
         3. Algeria
         4. Egypt
         5. Nigeria
         6. Ghana
         7. Kenya
         8. Rest of Africa
5. South Africa Two-Wheeler Tire Market Overview
   1. Market Size & Forecast by Value & Volume, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Demand Category
      3. By Tire Type
6. Morocco Two-Wheeler Tire Market Overview
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Demand Category
      3. By Tire Type
7. Algeria Two-Wheeler Tire Market Overview
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Demand Category
      3. By Tire Type
8. Egypt Two-Wheeler Tire Market Overview
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Demand Category
      3. By Tire Type
9. Nigeria Two-Wheeler Tire Market Overview
   1. Market Size & Forecast by Value, 2019−2029
      1. By Value (USD Million)
      2. By Volume (Million Units)
   2. Market Share & Forecast
      1. By Vehicle Type
      2. By Demand Category
      3. By Tire Type
10. Ghana Two-Wheeler Tire Market Overview
    1. Market Size & Forecast by Value, 2019−2029
       1. By Value (USD Million)
       2. By Volume (Million Units)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Demand Category
       3. By Tire Type
11. Kenya Two-Wheeler Tire Market Overview
    1. Market Size & Forecast by Value, 2019−2029
       1. By Value (USD Million)
       2. By Volume (Million Units)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Demand Category
       3. By Tire Type
12. Rest of Africa Two-Wheeler Tire Market Overview
    1. Market Size & Forecast by Value, 2019−2029
       1. By Value (USD Million)
       2. By Volume (Million Units)
    2. Market Share & Forecast
       1. By Vehicle Type
       2. By Demand Category
       3. By Tire Type
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Africa Two-Wheeler Tire Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Africa Two-Wheeler Tire Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Michelin Group
    2. Bridgestone Corporation
    3. Goodyear Tire and Rubber Company
    4. Continental AG
    5. Dunlop Ltd
    6. Toyo
    7. Stamford Tyres Corporation
    8. Maxxis International
    9. Pirelli & C. S.p.A.
    10. The Yokohama Rubber Co., Ltd.
    11. Cooper Tire & Rubber Company
    12. Hankook Tire & Technology Group
    13. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figure

Figure 1    Africa Two-Wheeler Tire Market Segmentation

Figure 2    Africa Two-Wheeler Tire Market Value Chain Analysis

Figure 3    Company Market Share Analysis, 2021

Figure 4    Africa Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 5    Africa Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 7    Africa Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 8    Africa Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 10   Africa Two-Wheeler Tire Market Share, By Country, By Value, 2019–2029

Figure 11   South Africa Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 12   South Africa Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 13   South Africa Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 14   South Africa Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 15   Morocco Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 16   Morocco Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 17   Morocco Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 18   Morocco Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 19   Algeria Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 20   Algeria Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 21   Algeria Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 22   Algeria Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 23   Egypt Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 24   Egypt Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 25   Egypt Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 26   Egypt Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 27   Nigeria Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 28   Nigeria Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 29   Nigeria Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 30   Nigeria Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 31   Ghana Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 32   Ghana Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 33   Ghana Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 34   Ghana Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 35   Kenya Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 36   Kenya Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 37   Kenya Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 38   Kenya Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 39   Rest of Africa Two-Wheeler Tire Market Size, By Value (USD Billion), 2019–2029

Figure 40   Rest of Africa Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029

Figure 41   Rest of Africa Two-Wheeler Tire Market Share, By Demand Category, By Value, 2019–2029

Figure 42   Rest of Africa Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029

List of Tables

Table 1   Africa Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 2   Africa Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 3   Africa Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 4   Africa Two-Wheeler Tire Market Size, By Country, By Value, 2019–2029

Table 5   South Africa Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 6   South Africa Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 7   South Africa Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 8   Morocco Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 9   Morocco Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 10 Morocco Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 11 Algeria Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 12 Algeria Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 13 Algeria Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 14 Egypt Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 15 Egypt Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 16 Egypt Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 17 Nigeria Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 18 Nigeria Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 19 Nigeria Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 20 Ghana Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 21 Ghana Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 22 Ghana Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 23 Kenya Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 24 Kenya Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 25 Kenya Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 26 Rest of Africa Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029

Table 27 Rest of Africa Two-Wheeler Tire Market Size, By Demand Category, By Value, 2019–2029

Table 28 Rest of Africa Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029

Table 29 Michelin Group Company Overview

Table 30 Michelin Group Financial Overview

Table 31 Bridgestone Corporation Company Overview

Table 32 Bridgestone Corporation Financial Overview

Table 33 Goodyear Tire and Rubber Company Overview

Table 34 Goodyear Tire and Rubber Company Financial Overview

Table 35 Continental AG Company Overview

Table 36 Continental AG Financial Overview

Table 37 Dunlop Ltd Company Overview

Table 38 Dunlop Ltd Financial Overview

Table 39 Toyo Company Overview

Table 40 Toyo Financial Overview

Table 41 Stamford Tyres Corporation Company Overview

Table 42 Stamford Tyres Corporation Financial Overview

Table 43 Maxxis International Company Overview

Table 44 Maxxis International Financial Overview

Table 45 Pirelli & C. S.p.A. Company Overview

Table 46 Pirelli & C. S.p.A. Financial Overview

Table 47 The Yokohama Rubber Co., Ltd. Company Overview

Table 48 The Yokohama Rubber Co., Ltd. Financial Overview

Table 49 Cooper Tire & Rubber Company Overview

Table 50 Cooper Tire & Rubber Company Financial Overview

Table 51 Hankook Tire & Technology Group Company Overview

Table 52 Hankook Tire & Technology Group Financial Overview