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.

Ethiopia Tire Market Overview

MarkNtel Advisors Research's comprehensive study of the Ethiopia Tire Market includes detailed geographical insights and a thorough analysis of the competitive landscape. This report offers essential information for companies and investors aiming to leverage the market's significant potential for growth.

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Ethiopia Tire Market Scope and Methodology

The market study of Ethiopia Tire employs a thorough and comprehensive approach, utilizing both primary and secondary data sources. Quantitative tools are employed to estimate market size, growth rates, and trends, while qualitative methods explore consumer preferences, competitive landscape, and regulatory influences. SWOT analysis and Porter’s Five Forces model are valuable for assessing market dynamics and competitive positioning. This holistic methodology delivers precise insights into the nuances of the Ethiopia Tire industry, offering a robust foundation for strategic planning and informed decision-making.

Driving Innovation: Exploring the Ethiopia Tire Market and its Market Dynamics

Ethiopia Tire Market Driver:

Growing Awareness about Timely Repairs & Replacement of Tires – With stabilizing economic conditions in Ethiopia and growing sales of passenger vehicles, the demand for tires is significantly rising in the country. Consumers are becoming more aware of the significance & benefits of providing timely repairs & replacements to their vehicles & keep a check on the conditions of their tires. It, in turn, is augmenting the demand for replacement tires and playing a crucial role in driving the Tire Market across Ethiopia.

Besides, urbanization & advancements in the automotive sector are further anticipated to upsurge the demand for new vehicles and, in turn, positively influence the tire demand. As a result, the country is set to generate lucrative growth opportunities for the leading players in the tire industry to expand their product portfolio & customer base through 2024.

Ethiopia Tire Market Segmentation

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)

-12.1” to 15” - Market Size & Forecast 2019-2030, (Thousand Units)

-15.1” to 18” - Market Size & Forecast 2019-2030, (Thousand Units)

-18” to 22.5” - Market Size & Forecast 2019-2030, (Thousand Units)

-22.6” to 26” - Market Size & Forecast 2019-2030, (Thousand Units)

-26.1” to 35” - Market Size & Forecast 2019-2030, (Thousand Units)

-35.1” 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)

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)

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Ethiopia Tire Market Key Players

Sumitomo Rubber Industries, Ltd.

-Business Description

-Type Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

MRF Limited

-Business Description

-Type Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

CEAT Limited

-Business Description

-Type Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Apollo Tires Ltd

-Business Description

-Type Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Key questions answered in the Ethiopia Tire Market are:

• What is Ethiopia Tire?
• What was the Ethiopia Tire market size?
• What are the different segments of the Ethiopia Tire Market?
• What growth strategies are the players considering to increase their presence in Ethiopia Tire?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Ethiopia Tire Market?
• What major challenges could the Ethiopia Tire Market face in the future? 
• What segments are covered in the Ethiopia Tire Market?
• Who are the leading companies and what are their portfolios in Ethiopia Tire Market? 
• What segments are covered in the Ethiopia Tire Market?
• Who are the key players in the Ethiopia Tire market?

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