Exploring Ethiopia Tire Market: Rising Trends, Opportunities and Challenges Forecast 2030

Ethiopia Tire Market Overview:

According to MarkNtel Advisors study 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 market growth is driven primarily by the mounting government focus on improving the overall economic conditions of the country and its several initiatives toward addressing the declining oil prices & increasing geopolitical tensions.

Key Findings of the Study: Ethiopia Tire market

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.

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Scope of the Ethiopia Tire Market Report Segmentation

-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)

For more detailed information about the Ethiopia Tire market report, click here – 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)

Current Landscape of Ethiopia Tire Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Ethiopia Tire market. The research report profiles major players, including

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• 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

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