South Africa Automotive Tires Market Global Industry Analysis, size, share and Forecast 2020-2027

The GMI Research forecasts that the South Africa market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing sales of commercial and passenger vehicles due to the rising purchasing power of people and the increasing commercial sector.

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South Africa Automotive Tire Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The growing sales of commercial and passenger vehicles due to the rising purchasing power of people and the increasing commercial sector nationwide are the major factors propelling the growth of the South Africa automotive tire market during the forecast period. Furthermore, the increasing number of export & production of automotive tires and the strong demand for replacement tires will further surge the growth of the South Africa automotive tire market in the upcoming years. Sumitomo Rubber South Africa (Pty) Ltd., in 2018, started the production of tires for buses and trucks for the market although the country. The company financed USD 68 million for installing advanced and new facilities for production in the South Africa factory.

The manufacturers’ fundamental shift towards the introduction of various advanced technologies to produce automotive tires with improved performance, including the puncture-proof airless concept tire offered by Michelin, which is likely to be virtually maintenance-free, will further stimulate the market growth during the forecast period. On the other hand, the increasing import of second-hand tires in the nation, bringing an issue for the international and local players to boost their presence in the country, is a key factor hampering the growth of the South Africa automotive tire market share in terms of revenue.

Type Segment Drivers

Based on the type, the radial segment is expected to increase at a faster CAGR in the upcoming years due to the growing usage of radial tires nationwide and the rising production of such tires in the market. For example, Sumitomo Rubber introduced a state-of-the-art bus and truck radial factory in Ladysmith, Kwazulu-Natal, in 2020. The lower cost of such tires and the capability to provide less resistance & vibration, and flexible sidewalls will further bolster the demand for such tires in the market.

South Africa Automotive Tire Market Segmentation:

Segmentation by Type:

  • Bias
  • Radial

Segmentation by Season:

  • Summer
  • Winter
  • All Seasons

Segmentation by Vehicle Type:

  • Passenger Car
  • LCV
  • Buses
  • Trucks

Segmentation by Rim Size:

  • Less than 15 Inch
  • 15-20 Inch
  • More than 20 Inch

Segmentation by Distribution Channel:

  • OEM
  • Aftermarket

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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