South Africa Tire Market: Future Growth And Opportunities Revealed By Techsci Research

According to a report by TechSci Research titled "South Africa Tire Market By Vehicle Type, By Radial vs Bias, By Demand Category, By Region, Competition, Forecast & Opportunities, 2026," the South Africa tire market exceeded USD 2 billion in value in 2019 and is projected to grow at a CAGR of around 4.5% by 2026. This growth can be attributed to the increasing vehicle sales and fleet size, as well as the expanding production and export of tires. The market can be segmented based on vehicle type, radial vs bias, demand category, and region.

The dominant segment in the South Africa tire market is passenger car tires, driven by the expanding passenger car fleet size and the growing production and sales of passenger cars in the country. In terms of demand category, the market can be divided into OEM and Replacement segments, with the Replacement tire segment holding the largest market share in 2020 due to the large automotive fleet size.

Browse 49 market data Figures and Tables spread through 70 Pages and an in-depth TOC on "South Africa Tire Market"

https://www.techsciresearch.com/report/south-africa-tire-market/4409.html

Leading players in the South Africa tire market include Bridgestone South Africa (Pty) Ltd, Continental Tyre SA (Pty) Ltd, Goodyear South Africa (Pty) Ltd, and Sumitomo Rubber South Africa (Pty) Ltd. The competition in the market is intensifying as domestic tire manufacturers increase their production capacity, expand their product portfolios, and focus on marketing activities. The presence of Chinese and budget tire brands is also pushing existing manufacturers to innovate and enhance their tire offerings to retain and expand their consumer base.

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Segmenting the market based on radial vs bias tires, radial tires hold the largest market share and are expected to maintain their dominance during the forecast period. Consumers prefer radial tires due to their advantages such as flexible sidewalls, reduced fuel consumption, less vibration, and resistance.

Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm, stated, "Garnering support from the continuously increasing vehicle fleet in South Africa and the positive outlook of the country's vehicle manufacturing industry is anticipated to augment demand for tires in both OEM and replacement segments over the next five years."

The report titled "South Africa Tire Market By Vehicle Type, By Radial vs Bias, By Demand Category, By Region, Competition, Forecast & Opportunities, 2026" evaluates the future growth potential of the South Africa tire market, providing statistics, information on market size, structure, and future market growth. The report aims to provide the latest market intelligence to help decision-makers make sound investment decisions. Additionally, it identifies and analyzes emerging trends, along with essential drivers, challenges, and opportunities in the South Africa tire market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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