South Africa Tyre Market Forecast & Opportunities 2017

TechSci Research, April 2012, Pages: 86

Increasing automobile demand, GDP, number of vehicles plying on South African roads are all driving sales for the tyre industry. The global tyre industry turnovers clocked USD 151 Billion in 2011 showing welcome revival for tire industry after recessionary turmoil. The tyre industry in South Africa is forecasted to grow at CAGR of around 8% due to increasing exports and domestic sales of new vehicles and replacement tyre in the country. In 2011, the automobile penetration in South Africa was recorded around 20% with passenger cars sales marking a growth rate of 16% from the previous year.

According to “South Africa Tyre Market Forecast & Opportunities, 2017” South African tyre market will witness phenomenal growth in near future. In 2011, all the four local tyre manufacturers shared almost equal market share in the nation. However, the market share trends are expected to stumble upon strong changes from the current trend by 2017 which would lead the market dynamics to new pinnacles. The outlook for the tire market in South Africa seems very promising as overall consumer spending and population is increasing at a constant rate along with demand for better quality tyres which are now available at affordable prices in the market. “South African Tyre Market Forecast & Opportunities, 2017” discusses the following aspects related to tyre industry in South Africa:

- Global Tyre Market Size & Growth
- South Africa Tyre Market Size & Growth
- Replacement Tyre Market
- PEST Analysis
- Market Trends & Developments
- Competitive Landscape & SWOT Analysis

Why you should buy this report

- To gain an in-depth understanding of tyre market dynamics in South Africa.
- To obtain research based business decision and add weight to presentations and marketing materials.
- To gain competitive knowledge of leading players.
- The forecasts to assess how the market is predicted to develop by 2017?
- To keep informed about the recent and upcoming tyre players in South Africa
- To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per your specific needs.

Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with Tyre Manufacturers, Automobile Manufacturers, Channel Partners, Media Executives, and Consumers. Secondary research included an exhaustive search of relevant publications like newspapers, websites, and proprietary databases.

1. Analyst View

2. Global Tyre Market Outlook
2.1. Market Size
2.1.1. By Value
2.1.2. By Volume
2.2. Market Share
2.2.1. By Region
2.2.2. By Company
2.3. Global Replacement Tyre Market

3. South Africa Tyre Industry Outlook
3.1. Production
3.1.1. By Volume
3.1.2. By Region
3.2. Sales
3.2.1. By Value
3.2.2. By Volume
3.2.3. By Segments
3.2.4. By Company

4. Raw Material

5. Tyre Trade
5.1. Import
5.2. Export

6. Replacement Tyre Market

7. South Africa Tyre Industry - PEST Analysis

8. Policy and Regulatory landscape

9. Market Trends & Developments
9.1. Tyre pressure monitoring system (TPMS)
9.2. Automobile production and domestic sales
9.3. Tyre Recycling projects
9.4. Increasing use of Rethread Tyres

10. Competitive Landscape
10.1. Goodyear
10.1.1. Company Description
10.1.2. SWOT Analysis
10.2. Apollo
10.2.1. Company Description
10.2.2. SWOT Analysis
10.3. Continental
10.3.1. Company Description
10.3.2. SWOT Analysis
10.4. Bridgestone
10.4.1. Company Description
10.4.2. SWOT Analysis
10.5. Michelin
10.5.1. Company Description
10.5.2. SWOT Analysis
10.6. Pirelli
10.6.1. Company Description
10.6.2. SWOT Analysis
10.7. BF Goodrich
10.7.1. Company Description
10.7.2. SWOT Analysis

11. Strategic Recommendation

List of Figures:

1. Figure 1: Countries with Increasing GDP’s 2011 (PPP in USD Billion)
2. Figure 2: Global Tyre Market 2009-2017 (USD Billion), By Value
3. Figure 3: Global Tyre Market Size 2009-2017 (Million Units), By Volume
4. Figure 4: Global Tyre Market Share 2010, By Region
5. Figure 5: Global Tyre Market Share 2011, By Region
6. Figure 6: Global Tyre Market Share Forecast 2017, By Region
7. Figure 7: Global Tyre Market Share 2010, By Company
8. Figure 8: Global Replacement Tyre Market Size 2009-2011 (Million Units), By Volume
9. Figure 9: Global Replacement Tyre Market Size 2012-2017 (Million Units), By Volume
10. Figure 10: Global Replacement Tyre Market 2009-2011 (USD Billion), By Region
11. Figure 11: Global Replacement Tyre Market Forecast 2012-2017 (USD Billion), By Region
12. Figure 12: South Africa GDP Vs Inflation 2002-2011
13. Figure 13: South Africa Population 2000-2011 (Million)
14. Figure 14: South Africa Tyre Production 2006-2011, By Volume (Million Units)
15. Figure 15: South Africa Tyre Production 2011-2017,By Volume(Million Units)
16. Figure 16: South Africa Tyre Sales 2006-10, By Value (ZAR Billion)
17. Figure 17: South Africa Tyre Sales 2011-17, By Value (ZAR Billion)
18. Figure 18: South Africa Tyre Sales 2006-11, By Volume (Million Units)
19. Figure 19: South Africa Tyre Sales 2011-17, By Volume (Million Units)
20. Figure 20: South Africa Tyre Sales 2011, By Segment
21. Figure 21: South Africa Tyre Sales Forecast 2017, By Segment
22. Figure 22: South Africa Tyre Sales 2011, By Company
23. Figure 23: South Africa Tyre Sales 2017, By Company
24. Figure 24: Raw Material share in Tyres Manufacturing
25. Figure 25: Raw Material Cost by Segment (%), FY’10
26. Figure 26: Natural Rubber Consumption by Tyre Industry (Metric Tonnes), FY’07-FY’10
27. Figure 27: South Africa Tyre Import 2003-17, By Volume (Million Units)
28. Figure 28: South Africa Tyre Import 2003-17, By Value (ZAR Billion)
29. Figure 29: South Africa Tyre Export 2006-17, By Volume (Million Units)
30. Figure 30: South Africa Tyre Export 2006-17, By Value (ZAR Billion)
31. Figure 31: South Africa Replacement Tyre Market 2006-11, By Volume (Million units)
32. Figure 32: South Africa Replacement Tyre Market 2011-17, By Volume (Million units)
33. Figure 33: South Africa Replacement Tyre Market 2006-11, By Value (ZAR Billion)
34. Figure 34: South Africa Replacement Tyre Market 2011-17, By Value (ZAR Billion)
35. Figure 35: South African Passenger Car Production with Sales (000' units), FY’ 2006-11
36. Figure 36: South African Automobile Production with Sales Forecast (000' units), FY' 2011-17
37. Figure 37: South African Rethreading Tyre Market 2011-17, By Volume (Million Units)

List of Tables

1. Table 1: Global Tyre Market Size by Region, 2009-2017 (Million Units)
2. Table 2: Global Tyre Market Share by Region, 2009-2017
3. Table 3: South African Tyre Sales 2006-17, By Segment
4. Table 4: Custom Tariff duty on tyres

South Africa Replacement Tyre Market set to Surpass ZAR 6.74 Billion by FY’14

Escalating number of automobiles on South African roads will continue to oblige the replacement tyre market in the years to come.

South African tyre market is visibly one of the fastest growing markets in the African nations. Strong developments in roughly all the major automobile segments have infused tyre demand in the country. Additionally, tyre manufacturers are ramping up their production capacities in line with the growing automobile sales (domestic and exports). These capacity expansion plans will ultimately result in high tyre production, which is expected to grow at a CAGR of over 8.5% during FY’ 2011-14.

According to recently published report by TechSci Research “South Africa Tyre Market Forecast and Opportunities, 2017”, the replacement tyre market turnover in South Africa will surpass ZAR 6.74 Billion by the FY’14 thus growing at a CAGR of around 7%. The replacement tyre’s are considered as a primary focus area for the tyre manufacturers due to higher margins. The overall volume sales in replacement segment have recorded an increase of 9% from the previous year which were dominated by sales of passenger car tyres followed by commercial tyres. This growth has been in line with the growing automobile production in the nation which is recovering fast from the recession.

The South Africa tyre manufacturers have well established network of dealers and distributors to increase their penetration in the market. This network includes, company owned distribution channels such as Kwik fit of Apollo tyres and multi brand distribution retail partners such as Tiger wheels.

According to Karan Chechi, Research Director at TechSci Research, “the South African economy is witnessing a welcome revival after the global recessionary period which is driving the sales of new automobiles in the country in line with replacement tyre sales. The automobile sales in the country have witnessed an increase of around 16% from 2010-11 which is driving the fortunes for tyre companies in the region. The increasing exports and domestic tyre demand from automobile manufacturers and replacement market is forecasted to drive the South African tyre industry”.

“South Africa Tyre Market Forecast and Opportunities 2017” gives detailed and unprejudiced overview on the tyre market in South Africa. The report identifies the ongoing trends in the industry and anticipated growth depending upon changing industry dynamics. The report will help industry consultant, tyre companies and other stakeholders to align their market centric strategies according to ongoing and expected future trends.

- Goodyear
- Apollo
- Continental
- Bridgestone
- Michelin
- Pirelli
- BF Goodrich

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