The Egypt Tire Market size is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26. According to MarkNtel Advisors Study.
Egypt Tire Market Driver:
Growing Vehicle Parc to Bolster Tire Demand in the Coming Years – Egypt has been witnessing a steady expansion in its vehicle parc, driven by rising urbanization, improving road infrastructure, and the growing middle-class population with increasing purchasing power. As more passenger and commercial vehicles enter the market, the demand for both OEM (Original Equipment Manufacturer) and replacement tires is escalating. Additionally, government initiatives to modernize public transportation fleets, coupled with a surge in used vehicle imports, are further contributing to tire sales. This trend is also supported by the increasing adoption of radial tires for better fuel efficiency, safety, and durability, thereby driving the overall growth of the Egypt Tire Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Egypt Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2020
-Historical Period: 2016 to 2019
-Forecast Period: 2021 to 2026
- By Vehicle Type
- Passenger Cars
- SUV
- Sedan
- Hatchback & Bakkies
- Light Commercial Vehicles (LCV)
- Light Trucks
- Light Buses
- Pickup trucks & Vans
- Medium & Heavy Commercial Vehicles
- Bus
- Truck
- Two Wheelers
- Moped
- Scooters
- Motorcycles
- Off the Road (OTR)
- Earthmoving Equipment
- Material Handling Equipment
- Industrial & Mining Equipment
- Passenger Cars
- By Demand Type
- OEM
- Replacement
- By Type of Tire
- Radial
- Bias
- By Season
- All Season
- Summer
- By Sales Channel
- Online
- Dealers/ Exclusive Outlets
- Others
- By Rim Size
- Upto 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”
- By Price Category
- Low
- Medium
- High
- By Region
- Region 1
- Region 2
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Bridgestone Corporation, Michelin, Continental AG, Pirelli Tire S.p.A., Trenco Transport & Engineering Co., Goodyear Tire & Rubber Company, Yokohama Rubber Company Limited, Maxxis Tire, Falken Tire, Lassa Tyres are looking forward to strengthening their market positions.
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