Ethiopia Tire Market Share, Size and Future Projections 2024-30FY

Ethiopia Tire Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Ethiopia Tire market. The research report on the Ethiopia Tire Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “Ethiopia Tire Market size is valued at around USD 2.08 billion in 2023 and is estimated to grow at a CAGR of about 3.48% during the forecast period, i.e., 2024-30.

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Ethiopia Tire Market Opportunity:

Electric Vehicle Tire Creating Opportunity in the Market – The advent of Electric Vehicles (EVs) in the country marks a pivotal step in combating carbon emissions promoting sustainability. Heightened awareness of environmental sustainability and carbon footprint reduction has prompted the government to take action.

Notably, all import taxes for electric vehicles have been waived in 2023 to increase the adoption of electric vehicles in the country. This forward-looking trend opens up substantial growth avenues for industry leaders in the tire sector. It entices them to create EV-compatible tires, which would contribute to the total growth of the tire business in the coming years.

Ethiopia Tire Market Segment Geography [2024-30]

The Ethiopia Tire market is segmented into significant segments based on Geography.

-By Vehicle Type

Two-wheeler Tire- Market Size Forecast 2019-2030, (Thousand Units)
Passenger Car Tire- Market Size Forecast 2019-2030, (Thousand Units)
Light Commercial Vehicle (LCV) Tire -Market Size Forecast 2019-2030, (Thousand Units)
Medium Heavy Commercial Vehicle (MHCV) Tire -Market Size Forecast 2019-2030, (Thousand Units)
Off-the-Road Vehicle (OTR) Tire-Market Size Forecast 2019-2030, (Thousand Units)

-By Demand Type

OEM - Market Size Forecast 2019-2030, (Thousand Units)
Replacement - Market Size Forecast 2019-2030, (Thousand Units)

-By Tire Type

Radial- Market Size Forecast 2019-2030, (Thousand Units)
Bias - Market Size Forecast 2019-2030, (Thousand Units)

-By Season

Summer Tires- Market Size Forecast 2019-2030, (Thousand Units)
All Season Tires- Market Size Forecast 2019-2030, (Thousand Units)

-By Sales Channel

Direct Sales- Market Size Forecast 2019-2030, (Thousand Units)
Dealer Distributor - Market Size Forecast 2019-2030, (Thousand Units)
Online Platform- Market Size Forecast 2019-2030, (Thousand Units)

-By Rim Size

Up to 12” - Market Size Forecast 2019-2030, (Thousand Units)
1” to 15” - Market Size Forecast 2019-2030, (Thousand Units)
1” to 18” - Market Size Forecast 2019-2030, (Thousand Units)
18” to 22.5” - Market Size Forecast 2019-2030, (Thousand Units)
6” to 26” - Market Size Forecast 2019-2030, (Thousand Units)
1” to 35” - Market Size Forecast 2019-2030, (Thousand Units)
1” to 47” - Market Size Forecast 2019-2030, (Thousand Units)
Above 47” - Market Size Forecast 2019-2030, (Thousand Units)

-By Price Category

Budget- Market Size Forecast 2019-2030, (Thousand Units)
Economy- Market Size Forecast 2019-2030, (Thousand Units)
Premium- Market Size Forecast 2019-2030, (Thousand Units)

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/ethiopia-tire-market.html

Geographical Analysis

-By Region

Oromia- Market Size Forecast 2019-2030, (Thousand Units)
Somali- Market Size Forecast 2019-2030, (Thousand Units)
Tigray- Market Size Forecast 2019-2030, (Thousand Units)
Amhara- Market Size Forecast 2019-2030, (Thousand Units)
Others- Market Size Forecast 2019-2030, (Thousand Units)

Top Companies Essentially Working in Ethiopia Tire Market

Bridgestone Corporation
Continental AG
Maxxis International
Michelin
Goodyear Tire Rubber Co.
Pirelli C. S.P.A.
Sumitomo Rubber Industries, Ltd.
MRF Limited
CEAT Limited
Apollo Tires Ltd
Others

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography Ethiopia Tire adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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