PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500651
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500651
Africa Retreaded Tire Market, By Tire Type; By Process; By Vehicle Type (Two-Wheeler Vehicles, Passenger Vehicles, Commercial Vehicles, Off-the-Road Vehicles), Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Africa Retreaded Tire Market Size Set to Expand at Significant CAGR of 6.15% to Touch USD 2.6 Billion by 2030
Africa Retreaded Tire Market is flourishing because of the growing focus on eco-friendly practices and a rising demand for retread tires for light commercial vehicles (LCVs).
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Africa Retreaded Tire Market size at USD 1.78 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Africa Retreaded Tire Market size to expand at a CAGR of 6.15% reaching a value of USD 2.59 billion by 2030. By volume, BlueWeave estimated the Africa Retreaded Tire Market size at 1.3 million units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Africa Retreaded Tire Market size to expand at a CAGR of 6.87% reaching the volume of 2.5 million units by 2030. The growing need for affordable tires and the growing emphasis on the automotive industry's adoption of sustainable practices are two major driving factors for the Africa Retreaded Tire Market.
Opportunity: Rising demand for cost effective & economical tires
After labor and fuel, retreads are the third-highest expenditure item for fleets, and they are far less expensive than similar new tires. Retreaded tires are designed to be high-quality; in fact, most manufacturers provide a multi-year warranty on their tire casings for retreaded use. It is fueling the expansion of the Retreaded Tire Market in Africa.
Africa Retreaded Tire Market
Segmental Coverage
Africa Retreaded Tire Market - By Vehicle Type
Based on vehicle type, the Africa Retreaded Tire Market is segmented into two-wheeler vehicles, passenger vehicles, commercial vehicles, and off-the-road vehicles. The commercial vehicle segment dominates the Africa Retreaded Tire Market. The growth in the e-commerce and logistics industries, along with expanding investment in infrastructure development projects, is fueling the demand for commercial vehicles in the region. As a result, the demand for retreaded tires is growing among both OEMs and aftermarket.
Competitive Landscape
Major players operating in the Africa Retreaded Tire Market include Goodyear Tire and Rubber Co., Continental AG, Bridgestone Corporation, Michelin, Oliver Tyre Group, Harry's Tyres SA, Auto & Truck Tyres (ATT), and Safari Tyres.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Africa Retreaded Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Africa Retreaded Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Africa Retreaded Tire Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing Focus on Eco-Friendly Practices
- 3.2.1.2. Rising Demand for Cost Effective & Economical Tires
- 3.2.1.3. Rising Demand for Retread Tire in Light Commercial Vehicle
- 3.2.2. Restraints
- 3.2.2.1. Increasing Quality Concerns
- 3.2.2.2. Limited Infrastructure
- 3.2.2.3. Initial Investment Costs
- 3.2.3. Opportunities
- 3.2.3.1. Improvements in Retreading Technology
- 3.2.3.2. Expanding Logistics and Freight
- 3.2.4. Challenges
- 3.2.4.1. Competition from Low-Cost New Tires
- 3.2.4.2. Availability of Retreadable Casings
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Africa Retreaded Tire Market: Marketing Strategies
5. Africa Retreaded Tire Market: Pricing Analysis
6. Africa Retreaded Tire Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.1.2. By Volume (Million Units)
- 6.2. Market Share & Forecast
- 6.2.1. By Tire Type
- 6.2.1.1. Radial
- 6.2.1.2. Bias
- 6.2.1.3. Solid
- 6.2.2. By Process
- 6.2.2.1. Pre-Cure
- 6.2.2.2. Mold-Cure
- 6.2.3. By Vehicle Type
- 6.2.3.1. Two-Wheeler Vehicle
- 6.2.3.2. Passenger Vehicle
- 6.2.3.3. Commercial Vehicle
- 6.2.3.4. Off Road Vehicle
- 6.2.1. By Tire Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Products
- 7.2. Africa Retreaded Tire Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on Africa Retreaded Tire Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- 9.1. Goodyear Tire and Rubber Co
- 9.2. Continental AG
- 9.3. Bridgestone Corporation
- 9.4. Michelin
- 9.5. Oliver Tyre Group
- 9.6. Harrys Tyres SA
- 9.7. Auto & Truck Tyres (ATT)
- 9.8. Safari Tyres
- 9.9. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Africa Retreaded Tire Segmentation
- Figure 2 Africa Retreaded Tire Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Africa Retreaded Tire Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Africa Retreaded Tire Market Size, By Volume (Million Units), 2019-2030
- Figure 6 Africa Retreaded Tire Market Share, By Tire Type, By Value (USD Billion), 2019-2030
- Figure 7 Africa Retreaded Tire Market Share, By Tire Type, By Volume (Million Units), 2019-2030
- Figure 8 Africa Retreaded Tire Market Share, By Process, By Value (USD Billion), 2019-2030
- Figure 9 Africa Retreaded Tire Market Share, By Process, By Volume (Million Units), 2019-2030
- Figure 10 Africa Retreaded Tire Market Share, By Vehicle Type, By Value (USD Billion), 2019-2030
- Figure 7 Africa Retreaded Tire Market Share, By Vehicle Type, By Volume (Million Units), 2019-2030
List of Tables
- Table 1 Africa Retreaded Tire Market Size, By Value (USD Billion), 2019-2030
- Table 2 Africa Retreaded Tire Market Size, By Volume (Million Units), 2019-2030
- Table 3 Africa Retreaded Tire Market Share, By Tire Type, By Value (USD Billion), 2019-2030
- Table 4 Africa Retreaded Tire Market Share, By Tire Type, By Volume (Million Units), 2019-2030
- Table 5 Africa Retreaded Tire Market Share, By Process, By Value (USD Billion), 2019-2030
- Table 6 Africa Retreaded Tire Market Share, By Process, By Volume (Million Units), 2019-2030
- Table 7 Africa Retreaded Tire Market Share, By Vehicle Type, By Value (USD Billion), 2019-2030
- Table 8 Africa Retreaded Tire Market Share, By Vehicle Type, By Volume (Million Units), 2019-2030
- Table 9 Goodyear Tire and Rubber Co Company Overview
- Table 10 Goodyear Tire and Rubber Co Financial Overview
- Table 11 Continental AG Company Overview
- Table 12 Continental AG Financial Overview
- Table 13 Bridgestone Corporation Company Overview
- Table 14 Bridgestone Corporation Financial Overview
- Table 15 Michelin Company Overview
- Table 16 Michelin Financial Overview
- Table 17 Oliver Tyre Group Company Overview
- Table 18 Oliver Tyre Group Financial Overview
- Table 19 Harrys Tyres SA Company Overview
- Table 20 Harrys Tyres SA Financial Overview
- Table 21 Auto & Truck Tyres (ATT) Company Overview
- Table 22 Auto & Truck Tyres (ATT) Financial Overview
- Table 23 Safari Tyres Company Overview
- Table 24 Safari Tyres Financial Overview
