Report Overview

Sudan Tire Market – Industry Trends & Forecast Report, 2029

Sudan tire market size is projected to grow at a significant CAGR of 5.22% during the forecast period between 2023 and 2029. Sudan's tire market is primarily driven by replacement. The tire market in Sudan is primarily driven by replacement needs, resulting in a high dependence on imports to meet the demand for tires in the country. Due to the demand-supply gap, tire manufacturing companies resort to importing tires into Sudan and then distributing them through exclusive distributors and dealers.

Sudan Tire Market - Overview

The tire is a rim-like, circular object that contains air. It is made from a mix of organic and inorganic components, including steel, rubber, wire, cotton, glass, silica, and wire that has been strengthened with carbon black. A bead, bead filler, belts, body ply, inner liner, sidewall, and tread are just a few of the pieces that make up the tire, which is available in two variations: tubed and tubeless. The tire is essential for controlling the forces.

Growth Drivers

Increasing Adoption of Innovations in Tire Technology

The majority of manufacturing companies are using automation to increase productivity and profitability due to the quick development of technology. The automotive tire market is expected to expand due to technology advancements in the Sudan tire market, such as the introduction of rimless tires, green tires, and the use of lightweight elastomers, metals like alloys and carbon fiber, or composites like manganese bronze and nickel aluminum bronze to manufacture tires.

Restraints

High Volatility in Raw Material Prices

Significant amounts of synthetic and natural rubber, sulfur, carbon black, and other materials are required in the production of automotive tires. The price of these raw materials fluctuates due to a variety of factors, including the availability of natural rubbers and government regulations prohibiting the excessive deforestation of rubber trees. The Sudan tire market's growth is being hampered by fluctuations in raw material prices.

Impact of COVID-19 on the Sudan Tire Market

The Sudan tire market suffered because of the Covid-19 impact. The COVID-19 outbreak compelled governments all over the world to enact strict lockdown measures and limit the import-export of products used to produce key raw materials for the majority of 2020 and a few months of 2021. This caused the supply of crucial raw materials for the automobile tire sector to suddenly decline. A growing COVID-19 impact resulted in the closure of other facilities, including R&D facilities, distribution channels, supply-demand interactions, retail networks, and other operational areas that are crucial to the future of the sector. Also, the distribution and production of vehicles are intricately linked to the selling of car tires. Due to declining automotive sales and the pandemic, the Sudan tire sector has been significantly impacted.

Sudan Tire Market

Segmental Coverage

Sudan Tire Market - By Tire Type

On basis of type, Sudan tire market is divided into Radial Tires and Bias Tires segments. The radial tires segment is a higher contributor to the Sudan tire market. It is because they provide the rider with greater comfort by absorbing shocks, collisions, and bumps. Moreover, radial tires' superior fuel efficiency has a big impact on consumer demand. Also, there is a rise in demand for radial tires due to their resistance to heat, wear, and cuts.

Sudan Tire Market - By Rim Size

On basis of the rim size, Sudan tire market is divided into Below 15 inches, 15–20 inches, and Above 20 inches segments. The below15 inches segment accounts for the highest market share. During the forecast period, considerable growth is expected. The tire is available on the Sudan tire market in several sizes. For various vehicle types and layouts, a wide range of tire sizes is available. Rising fuel prices, increased worries over pollution and climate change, and a movement in customer preference toward electric vehicles have all contributed to an increase in tire demand.

Sudan Tire Market – By Application

On basis of the application, Sudan tire market is divided into On-road tires, Off-road Tires, Agricultural Tires, and other (including Industrial Tires and Aviation Tires) segments. As mechanization spreads to sectors such as construction, mining, and agriculture, the market for off-road tires is expanding. Because they have thick threads that provide traction on a variety of surfaces, such as loose gravel, mud, and dirt, these tires are suitable for severe weather conditions and uneven roads. Their deeper and wider grooves, in addition to penetrating sand and dirt surfaces, increase rolling turbulence and stability.

Competitive Landscape

Major players in the Sudan tire market include MRF Limited, Bridgestone Middle East and Africa FZE, Apollo Tyres Ltd., Michelin AIM FZE, CEAT Limited, Continental Aktiengesellschaft, Alliance Tire Company Ltd., JK Tyre Industries Ltd., Hangzhou Zhongce Rubber CO., LTD, and Triangle Tyre Co. Ltd. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In 2020 - The Sudan government announced its plans to establish a new tire factory in the country to increase local production of tires.

Scope of the Report

By Tire Type

• Radial Tires

• Bias Tires

By Rim Size

• Below 15 inches

• 15–20 inches

• Above 20 inches

By Application

• On-road Tires

• Off-road Tires

• Agricultural Tires

• Others (including Industrial Tires and Aviation Tires)

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Sudan Tire Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rise in disposable income levels of consumers, allowing them to invest in expensive vehicles.
         2. Growing focus on road infrastructure development.
4. 2. 2. Restraints
         1. Dependence on imports of raw materials.
         2. Limited manufacturing capacity and technological limitations
      3. Opportunities
         1. The potential for joint ventures and partnerships with global tire manufacturers.
         2. Increasing government support and incentives for the local tire manufacturing industry.
      4. Challenges
         1. Limited availability of skilled labor and resources.
   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
5. Sudan Tire Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share and Forecast
      1. By Tire Type
         1. Radial Tires
         2. Bias Tires
      2. By Rim Size
         1. Below 15 inches
         2. 15–20 inches
         3. Above 20 inches
      3. By Application
         1. On-road Tires
         2. Off-road Tires
         3. Agricultural Tires
         4. Others (including Industrial Tires and Aviation Tires)
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Sudan Tire Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Covid-19 on Sudan Tire Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. MRF Limited
   2. Bridgestone Middle East and Africa FZE
   3. Apollo Tyres Ltd.
   4. Michelin AIM FZE
   5. CEAT Limited
   6. Continental Aktiengesellschaft
   7. Alliance Tire Company Ltd.
   8. JK Tyre Industries Ltd.
   9. Hangzhou Zhongce Rubber CO.,LTD.
   10. Triangle Tyre Co. Ltd
   11. Other Prominent Players
9. Key Strategic Recommendations
10. 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.    Assumptions & Limitations

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

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

List of Figures

Figure 1       Sudan Tire Segmentation

Figure 2       Sudan Tire Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Sudan Tire Market Size, By Value (USD Million), 2019–2029

Figure 5       Sudan Tire Market Share, By Tire Type, By Value, 2019–2029

Figure 6       Sudan Tire Market Share, By Rim Size, By Value, 2019–2029

Figure 7       Sudan Tire Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1        Sudan Tire Market Size, By Value (USD Million), 2019–2029

Table 2        Sudan Tire Market Size, By Tire Type, By Value, 2019–2029

Table 3        Sudan Tire Market Size, By Rim Size, By Value, 2019–2029

Table 4        Sudan Tire Market Size, By Application, By Value, 2019–2029

Table 5        MRF Limited Company Overview

Table 6        MRF Limited Financial Overview

Table 7        Bridgestone Middle East and Africa FZE Company Overview

Table 8        Bridgestone Middle East and Africa FZE Financial Overview

Table 9        Apollo Tyres Ltd. Company Overview

Table 10      Apollo Tyres Ltd. Financial Overview

Table 11      Michelin AIM FZE Company Overview

Table 12      Michelin AIM FZE Financial Overview

Table 13      CEAT Limited Company Overview

Table 14      CEAT Limited Financial Overview

Table 15      Continental Aktiengesellschaft Company Overview

Table 16      Continental Aktiengesellschaft Financial Overview

Table 17      Alliance Tire Company Ltd. Company Overview

Table 18      Alliance Tire Company Ltd. Financial Overview

Table 19      JK Tyre Industries Ltd. Company Overview

Table 20      JK Tyre Industries Ltd. Financial Overview

Table 21      Hangzhou Zhongce Rubber CO.,LTD. Company Overview

Table 22      Hangzhou Zhongce Rubber CO.,LTD. Financial Overview

Table 23      Triangle Tyre Co. Ltd Company Overview

Table 24      Triangle Tyre Co. Ltd Financial Overview