The Egypt Passenger Car Tire Market size is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29. According to MarkNtel Advisors Study.
Egypt Passenger Car Tire Market Driver:
Government Emphasis on Road Safety Accelerating Growth of Egypt’s Passenger Car Tire – Over the past few years, there has been a surge in road accidents due to factors such as overspeeding, tire defects, and others. According to the American University in Cairo, the country per year witnesses around 12,000 fatalities. These accidents also poorly affect the economy of the country. In addition, as per Al-Monitor, in 2022, road accidents in Egypt led to the loss of approximately 3% of the overall country’s GDP. One of the reasons behind the road accidents is the usage of deteriorated tires, leading to less traction between the tire & roads.
Therefore, the government of Egypt laid the regulation compelling the consumers to ensure the replacement of the tires at regular intervals. These regulations regarding road safety have necessitated frequent tire replacement for every car owner, driving the Egypt Passenger Car Tire market. Moreover, these regulations are also surging consumers to seek premium quality tires since they offer better gripping & traction. Thus, the premium tires provided by companies like Bridgestone, Continental, etc., are witnessing growth and are expected to do well in coming years as well.
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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 Passenger Car Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2029
- By Vehicle Type
- Sedan- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- SUV- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Hatchback-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Demand Type
- OEM – Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Aftermarket – Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Sales Channel
- Direct Sales- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Online- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Tire Type
- Radial- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Bias- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Tire Size
- Tire Size 1- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 2- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 3-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 4-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 5-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Price Category
- Budget- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Economy- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Premium- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Season
- Summer- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Winter- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- All-Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- By Region
- East
- West
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others looking forward to strengthening their market positions.
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