Egypt Tire Market Size, Growth, Trends, Revenue, Challenges, Opportunities and Future Outlook
Egypt Tire Market Size- By Vehicle Type, By Demand Category, By Tire Type, By Rim Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: AMIN23163 | Pages: 1 - 102 | Formats*: |
| Category : Automotive & Transportation | |||
Egypt Tire Market Introduction and Overview
According to SPER Market Research, the Egypt Tire Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Egypt Tire Market, including market size and trends, product mix, Applications, and supplier analysis. An automobile's tyre is a circular, rim-like object filled with air. Various organic and inorganic materials, including steel, rubber, wire, cotton, glass, silica, and wire that has been reinforced with carbon black, are used to create it. The tyre, which comes in two varieties: tubed and tubeless, is made up of a bead, bead filler, belts, body ply, inner liner, sidewall, and tread. To regulate the forces, you need the tyre.
- In 2021: To improve domestic tyre production, the Egyptian government announced intentions to build a new tyre factory there.
Market Opportunities and Challenges
Egypt's tyre business has had consistent growth over the past few years as a result of increased vehicle adoption nationwide and growing consumer knowledge of the need and advantages of timely tyre inspection and replacement for maximum safety and improved driving. Numerous foreign investments as a result are showing a rapid expansion in the construction of various automakers & expanding tyre import sector in the nation. During the anticipated term, rising auto sales, rising tyre demand from the automotive industry, and the development of novel products will all offer lucrative opportunities for the expansion of the Egypt tyre market.
Synthetic and natural rubber, sulphur, carbon black, and other materials in significant quantities are needed to make automotive tyres. Due to a number of variables, such as the availability of natural rubbers and governmental restrictions on the excessive destruction of rubber trees, the price of these raw materials is prone to change. The unstable pricing of raw materials like oil and rubber makes it difficult for tyre makers to create and supply tyres at set prices, which could impede the Egypt Tyre Market's development in its infancy throughout the projection period.
Market Competitive Landscape
The major players in the market include: Apollo Tyres Ltd., Bridgestone Corporation, Continental Aktiengesellschaft, JK Tyre & Industries, Michelin, MRF Ltd., Pirelli Tyre S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Tire Corporation, Others. These market leaders' main tactics include new product launches, mergers and acquisitions, and alliances. These businesses are also concentrating on making investments in innovations, alliances, and expansions in order to increase their market share.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Demand Category, By Tire Type, By Rim Size |
| Regions covered | Alexandria, Cairo, Giza and rest of Egypt |
| Companies Covered | Apollo Tyres Ltd., Bridgestone Corporation, Continental Aktiengesellschaft, JK Tyre & Industries, Michelin, MRF Ltd., Pirelli Tyre S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Tire Corporation, Others |
COVID-19 Impact on Egypt Tire Market
During the lockdowns, the market experienced disruptions in the supply chain, raw material shortages, delivery delays, project cancellations, and price fluctuations. However, as the pandemic situation gradually improved with declining COVID-19 cases, restrictions were eased, and business operations resumed. Despite this, lingering public concerns about disease transmission led to reluctance in buying tires from physical stores. Consequently, several prominent leaders in the industry pivoted to online platforms, offering a wide tire selection with convenient home delivery, installation services, discounts, and more. This strategic shift allowed manufacturers to diversify their product offerings, enhance visibility, and expand their customer base across the country, helping them recover from pandemic-induced losses. This, in turn, suggests promising prospects for the tire market in the years ahead.
Key Target Audience:
- Automobile Manufacturers
- Automotive Parts Distributors
- Automotive Service Centers
- Fleet Owners and Operators
- Import, Export Authorities
- Logistics, Supply Chain Professionals
- Tire Retailers and Dealers
- Tire Manufacturers and Suppliers
- Others
Our in-depth analysis of the Egypt Tire Market includes the following segments:
| By Vehicle Type: |
|
| By Demand Category: |
|
| By Tire Type: |
|
| By Rim Size: |
|
Key Topics Covered in the Report:
- Egypt Tire Market Size (FY’2023-FY’2033)
- Overview of Egypt Tire Market
- Segmentation of Egypt Tire Market By Vehicle Type (Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Off the Road, Passenger Cars, Two Wheelers)
- Segmentation of Egypt Tire Market By Demand Category (OEM, Replacement)
- Segmentation of Egypt Tire Market By Tire Type (Bias, Radial)
- Segmentation of Egypt Tire Market By Rim Size (Up to 12, 12.1†to 15â€, 15.1.†to 18â€, 18.1†to 20â€, 20.1†to 22.5â€, 22.6†to 26â€, 26.1†to 35â€, 35.1†to 47â€, Above 47â€)
- Statistical Snap of Egypt Tire Market
- Expansion Analysis of Egypt Tire Market
- Problems and Obstacles in Egypt Tire Market
- Competitive Landscape in the Egypt Tire Market
- Impact of COVID-19 and Demonetization on Egypt Tire Market
- Details on Current Investment in Egypt Tire Market
- Competitive Analysis of Egypt Tire Market
- Prominent Players in the Egypt Tire Market
- SWOT Analysis of Egypt Tire Market
- Egypt Tire Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Egypt Tire Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Egypt Tire Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Egypt Tire Market
7. Egypt Tire Market, By Vehicle Type (USD Million)
7.1. Egypt Tire Market Value Share and Forecast, By Vehicle Type, 2023-2037.2. Light Commercial Vehicles7.2.1. Light Buses7.2.2. Light Trucks7.2.3. Pickup Trucks & Vans7.3. Medium & Heavy Commercial Vehicles7.3.1. Bus7.3.2. Truck7.4. Off the Road7.4.1. Earthmoving Equipment7.4.2. Industrial & Mining Equipment7.4.3. Material Handling Equipment7.5. Passenger Cars7.5.1. Hatchback & Bakkies7.5.2. Sedan7.5.3. SUV7.6. Two Wheelers7.6.1. Moped7.6.2. Motorcycles7.6.3. Scooters
8. Egypt Tire Market, By Demand Category (USD Million)
8.1. Egypt Tire Market Value Share and Forecast, By Demand Category, 2023-20338.2. OEM8.3. Replacement
9. Egypt Tire Market, By Tire Type (USD Million)
9.1. Egypt Tire Market Value Share and Forecast, By Tire Type, 2023-20339.2. Bias9.3. Radial9.3.1. Tube9.3.2. Tubeless
10. Egypt Tire Market, By Rim Size (USD Million)
10.1. Egypt Tire Market Value Share and Forecast, By Rim Size, 2023-203310.2. Up to 1210.3. 12.1†to 15â€10.4. 15.1.†to 18â€10.5. 18.1†to 20â€10.6. 20.1†to 22.5â€10.7. 22.6†to 26â€10.8. 26.1†to 35â€10.9. 35.1†to 47â€10.10. Above 47â€
11. Egypt Tire Market Forecast, 2019-2033 (USD Million)
11.1. Egypt Tire Market Size and Market Share
12. Egypt Tire Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Egypt Tire Market Size and Market Share By Vehicle Type (2019-2026)12.2. Egypt Tire Market Size and Market Share By Vehicle Type (2027-2033)
13. Egypt Tire Market, By Demand Category, 2019-2033 (USD Million)
13.1. Egypt Tire Market Size and Market Share By Demand Category (2019-2026)13.2. Egypt Tire Market Size and Market Share By Demand Category (2027-2033)
14. Egypt Tire Market, By Tire Type, 2019-2033 (USD Million)
14.1. Egypt Tire Market Size and Market Share By Tire Type (2019-2026)14.2. Egypt Tire Market Size and Market Share By Tire Type (2027-2033)
15. Egypt Tire Market, By Rim Size, 2019-2033 (USD Million)
15.1. Egypt Tire Market Size and Market Share By Rim Size (2019-2026)15.2. Egypt Tire Market Size and Market Share By Rim Size (2027-2033)
16. Egypt Tire Market, By Region, 2019-2033 (USD Million)
16.1. Egypt Tire Market Size and Market Share By Region (2019-2026)16.2. Egypt Tire Market Size and Market Share By Region (2027-2033)16.3. Alexandria16.4. Cairo16.5. Giza16.6. Rest of Egypt
17. Company Profile
17.1. Apollo Tyres Ltd.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Bridgestone Corporation17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Continental AG17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. JK Tyre & Industries17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Michelin17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. MRF Ltd.17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Sumitomo Rubber Industries, Ltd.17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Yokohama Tire Corporation17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Egypt Tire Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Egypt Tire Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Egypt Tire Market CAGR of XX% during the forecast period.
"You can get the sample pages by clicking the link -Click Here"
Egypt Tire Market size is USD XX billion from 2023 to 2033.
Egypt Tire Market Segment is Covered By Vehicle Type, By Demand Category, By Tire Type, By Rim Size
The Middle East region is anticipated to have the highest market share in Egypt Tire Market.
The key players in the market include Companies Covered Apollo Tyres Ltd., Bridgestone Corporation, Continental Aktiengesellschaft, JK Tyre & Industries, Michelin, MRF Ltd., Pirelli Tyre S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Tire Corporation, Others
An automobile's tyre is a circular, rim-like object filled with air. Various organic and inorganic materials, including steel, rubber, wire, cotton, glass, silica, and wire that has been reinforced with carbon black, are used to create it.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
