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
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| Regions covered | Alexandria, Cairo, Giza and rest of Egypt
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| 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:
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By Vehicle Type:
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Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
Off the Road
Passenger Cars
Two Wheelers
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By Demand Category:
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OEM
Replacement
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By Tire Type:
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Bias
Radial
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By Rim Size:
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10.2. Up to 12
10.3. 12.1” to 15”
10.4. 15.1.” to 18”
10.5. 18.1” to 20”
10.6. 20.1” to 22.5”
10.7. 22.6” to 26”
10.8. 26.1” to 35”
10.9. 35.1” to 47”
10.10. Above 47”
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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 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”)
- 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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Egypt Tire Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Egypt Tire Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-203
7.2. Light Commercial Vehicles
7.2.1. Light Buses
7.2.2. Light Trucks
7.2.3. Pickup Trucks & Vans
7.3. Medium & Heavy Commercial Vehicles
7.3.1. Bus
7.3.2. Truck
7.4. Off the Road
7.4.1. Earthmoving Equipment
7.4.2. Industrial & Mining Equipment
7.4.3. Material Handling Equipment
7.5. Passenger Cars
7.5.1. Hatchback & Bakkies
7.5.2. Sedan
7.5.3. SUV
7.6. Two Wheelers
7.6.1. Moped
7.6.2. Motorcycles
7.6.3. Scooters
8. Egypt Tire Market, By Demand Category (USD Million)
8.1. Egypt Tire Market Value Share and Forecast, By Demand Category, 2023-2033
8.2. OEM
8.3. Replacement
9. Egypt Tire Market, By Tire Type (USD Million)
9.1. Egypt Tire Market Value Share and Forecast, By Tire Type, 2023-2033
9.2. Bias
9.3. Radial
9.3.1. Tube
9.3.2. Tubeless
10. Egypt Tire Market, By Rim Size (USD Million)
10.1. Egypt Tire Market Value Share and Forecast, By Rim Size, 2023-2033
10.2. Up to 12
10.3. 12.1” to 15”
10.4. 15.1.” to 18”
10.5. 18.1” to 20”
10.6. 20.1” to 22.5”
10.7. 22.6” to 26”
10.8. 26.1” to 35”
10.9. 35.1” to 47”
10.10. Above 47”
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. Alexandria
16.4. Cairo
16.5. Giza
16.6. Rest of Egypt
17. Company Profile
17.1. Apollo Tyres Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Bridgestone Corporation
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Continental AG
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. JK Tyre & Industries
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Michelin
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. MRF Ltd.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Sumitomo Rubber Industries, Ltd.
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Yokohama Tire Corporation
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. 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.
