Africa Tire Market Share, Size & Competitive Landscape Report 2030

Africa Tire Market Size & Insights

The Africa Tire Market size was valued at around USD 6.35 billion in 2024 and is expected to reach USD 8.34 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 4.65% during the forecast period, i.e., 2025-30. The growth of the market would be fueled primarily by the rapidly increasing vehicle fleet across different countries in Africa, owing to the burgeoning interest of people in private ownership of vehicles.

With the swift expansion of the cross-border trade of tires entwined with the growing prevalence of Chinese & budget tires across Africa, the overall availability of tires has improved significantly, with an extensive range to choose from for vehicle owners. Moreover, the growing government focus on infrastructural developments has led to various ongoing & upcoming construction projects, coupled with a propelling need for commercial vehicles, i.e., facilitating the massive production & sales of OTR tires across the region.

What are the Key Driver in the Africa Tire Market?

Rising Vehicle Parc Expansion and Urban Mobility Demands – The Africa tire market is experiencing robust growth, primarily driven by the continuous expansion of the vehicle parc across the continent. As urbanization accelerates and disposable incomes rise, more Africans are purchasing vehicles for both personal and commercial use. This surge in vehicle ownership, especially in passenger cars and light commercial vehicles, directly translates into higher demand for both original equipment manufacturer (OEM) and replacement tires.

What are the Key Segments in the Africa Tire Market?

The Africa Tire is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Vehicle Type

Passenger Car
Light Commercial Vehicle (LCV)
Medium and Heavy Commercial Vehicle (M&HCV)
Two-Wheeler
Three-Wheeler
Off Road Tire (OTR)

Amongst them all, passenger cars are projected to dominate the Africa Tire Market with the largest share during 2025-30.

By Demand Category

OEMs
Replacement

By Tire Type

Radial
Bias

By Sales Channel

Direct Sales
Online
Multibrand Stores

By Rim Size

Up to 12”
1” to 15”
1” to 18”
1” to 20”
1” to 22.5”
6” to 26”
1” to 35”
1” to 47”
Above 47”

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How does geographical analysis highlight in the Africa Tire market?

By Country

Nigeria
Algeria
Egypt
Morocco
South Africa
Ethiopia
Sudan
Eritrea
Djibouti
Tanzania
Ghana
Others

Amongst all countries across Africa, South Africa is anticipated to dominate the market with the largest share during 2025-30.

Who are the Key Players in Africa Tire Market?

Bridgestone
Goodyear
Michelin
Continental
Hankook
Kumho
Toyo
Triangle
Zhongce Rubber
Sumitomo

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Africa Tire Market News

2024: Hankook, inaugurated its first commercial branch in Morocco, establishing a subsidiary in Casablanca to strengthen its footprint in the Maghreb and West Africa regions. Don Yi Jeon, with a strong background in marketing and sales at Hankook, was appointed as Managing Director of the Moroccan branch, underscoring the company’s commitment to regional market development and customer proximity.

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Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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