Overview of the Ethiopia Tire Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Ethiopia Tire Market By Vehicle Type (Two-wheeler Tire, Passenger Car Tire, Light Commercial Vehicle (LCV) Tire, Medium & Heavy Commercial Vehicle (MHCV) Tire, Off-the-Road Vehicle (OTR) Tire), By Demand Type (OEM, Replacement), By Tire Type (Radial, Bias), By Season (Summer Tires, All Season Tires), By Sales Channel (Direct Sales, Dealer Distributor, Online Platform), By Rim Size (Up to 12”, 12.1” to 15”, 15.1” to 18”, 18” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Price Category (Budget, Economy, Premium), The  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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

 Ethiopia Tire Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-30): 3.48%

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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.

A Comprehensive Analysis of Leading Companies of Ethiopia Tire Market by MarkNtel Advisors:

• 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

 Key Ethiopia Tire Market Segmentation:

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

-By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles (LCV)
• Medium & Heavy Commercial Vehicles
• Two-wheelers
• Off-the-Road (OTR)

Passenger Cars dominated the Ethiopia Tire Market with the largest share in previous years, and the same trend is projected during 2024-30.

-By Demand Type

• OEM
• Replacement

The immense popularity of Chinese tires in Ethiopia is augmenting the market growth for Replacement Tires owing to their easy availability, extensive variety, and affordable price range.

-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)

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)

 Key Reports Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

• Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
• Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
• Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 3.480+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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