Eritrea Tire Market Forecast & Opportunities, 2022

  • ID: 4053253
  • Report
  • Region: Eritrea
  • 114 pages
  • TechSci Research
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Eritrea Tire Market is Forecast to Grow at a CAGR of Over 4% During 2017-2022

FEATURED COMPANIES

  • Apollo Tyres Ltd.
  • CEAT Limited
  • JK Tyre & Industries Ltd.
  • Michelin AIM FZE
  • MRF Limited
  • MORE
Replacement demand dominated Eritrea tire market, as there are no automobile manufacturing facilities in the country. Eritrea is prominently divided into three regions including Northern, Central and Southern region, with Central region, dominating tire demand in the country.

Growth of the tire industry of the country is prominently backed by growing sales of vehicles and expanding automobile fleet in the country. Increasing population of the country is also boosting demand for automobiles and related tire products. As per the CIA, population of the country stood at 5.86 million in 2016. Moreover, rising government focus on development of infrastructure and industrial sectors is further anticipated to boost demand for automobiles and related tire products in the country during 2017-2022.

According to “Eritrea Tire Market Forecast & Opportunities, 2022’’, Eritrea tire market is forecast to grow at a CAGR of over 4% during 2017-2022 driven by consistently expanding automobile fleet size, increasing infrastructural developments and increasing average selling prices of tires. Eritrea tire market is dominated by Chinese tire companies, which accounts for more than 50% share in the country’s tire market. Other leading flagship tire companies operating in Eritrea include Bridgestone, MRF, Apollo, CEAT, etc.

“Eritrea Tire Market Forecast & Opportunities, 2022’’ report elaborates following aspects of tire market in Eritrea:

- Eritrea Tire Market Size, Share & Forecast
- Segmental Analysis - By Vehicle Type (Passenger Car Tires, Light Commercial Tires, Medium and Heavy Commercial Vehicle Tires, Off-The-Road (OTR) Tires &Two-Wheeler Tires)
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tire market in Eritrea
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To avail of 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with vehicle manufactures, tire companies, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apollo Tyres Ltd.
  • CEAT Limited
  • JK Tyre & Industries Ltd.
  • Michelin AIM FZE
  • MRF Limited
  • MORE
1. Product Overview
2. Research Methodology
3. Analyst View
4. Eritrea Tire Market Outlook (2012-2022)
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two- & Three-Wheeler (2W), and Off-The-Road (OTR))
4.2.2. By Company
4.2.3. By Premium, Budget & Ultra-Budget
4.2.3.1. By Company (By Premium, Budget & Ultra-Budget)
4.2.4. By Region
4.2.5. By Radial Vs Bias
4.3. Market Attractiveness Index, By Region
4.4. Market Attractiveness Index, By Vehicle Type
4.5. Prominent Tire Sizes
5. Eritrea Passenger Car (PC) Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Sedan, SUV & Hatchback)
5.2.2. By Radial Vs Bias
5.2.3. By Company
5.2.4. By Premium, Budget & Ultra-Budget
5.2.4.1. By Company (By Premium, Budget & Ultra-Budget)
6. Eritrea Light Commercial Vehicle (LCV) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Light Truck & Light Bus)
6.2.2. By Radial Vs Bias
6.2.3. By Company
6.2.4. By Premium, Budget & Ultra-Budget
6.2.4.1. By Company (By Premium, Budget & Ultra-Budget)
7. Eritrea Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Truck & Bus)
7.2.2. By Radial Vs Bias
7.2.3. By Company
7.2.4. By Premium, Budget & Ultra-Budget
7.2.4.1. By Company (By Premium, Budget & Ultra-Budget)
8. Eritrea OTR Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Agriculture Vehicles, Construction & Industry Vehicles, etc.)
8.2.2. By Radial Vs Bias
8.2.3. By Company
8.2.4. By Premium, Budget & Ultra-Budget
8.2.4.1. By Company (By Premium, Budget & Ultra-Budget)
9. Eritrea Two- & Three-Wheeler Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Two-Wheeler and Three-Wheeler)
9.2.2. By Radial Vs Bias
9.2.3. By Company
9.2.4. By Premium, Budget & Ultra-Budget
9.2.4.1. By Company (By Premium, Budget & Ultra-Budget)
10. Import Export Analysis
11. Supply Chain Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
13.1. Growing Penetration Chinese Tires
13.2. Dominance of Passenger Car Segment
13.3. Growing Tire Radialization
13.4. High Demand for Tires from Central Region
14. Policy & Regulatory Landscape
15. Eritrea Economic Profile
16. Competitive Landscape
16.1. Apollo Tyres Ltd.
16.2. Michelin AIM FZE
16.3. CEAT Limited
16.4. Bridgestone Middle East & Africa FZE
16.5. MRF Limited
16.6. Shandong Wanda BOTO Tyre Co. Ltd.
16.7. JK Tyre & Industries Ltd.
16.8. Hangzhou Zhongce Rubber Co. Ltd.
16.9. GITI Tire (China) Investment Company Ltd.
16.10. Prinx Chengshan (Shandong) Tire Company
17. Strategic Recommendations

List of Figures

Figure 1: Eritrea Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F
Figure 2: Prominent Drivers in Eritrea Tire Market, 2017E-2022F
Figure 3: Eritrea Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 4: Eritrea Tire Market Share, By Company, By Volume, 2016-2022F
Figure 5: Eritrea Tire Market Share, By Ultra Budget, Budget & Premium Brands, By Volume, 2016-2022F
Figure 6: Eritrea Budget and Ultra Budget Brands Tire Market Share, By Company, By Volume, 2016
Figure 7: Eritrea Tire Market Share, By Region, By Volume, 2016 & 2022F
Figure 8: Eritrea Tire Market Share, By Region, By Volume, 2016-2022F
Figure 9: Eritrea Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F
Figure 10: Eritrea Tire Market Attractiveness Index, By Region, By Volume, 2016-2022F
Figure 11: Eritrea Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2022F
Figure 12: Eritrea Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F
Figure 13: Prominent Drivers in Eritrea Passenger Car Tire Market, 2017E-2022F
Figure 14: Eritrea Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 15: Eritrea Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F
Figure 16: Eritrea Passenger Car Tire Market Share, By Company, By Volume, 2012-2022F
Figure 17: Eritrea Passenger Car Tire Market Share, By Ultra Budget, Budget & Premium Brands, By Volume, 2016-2022F
Figure 18: Eritrea Premium Passenger Car Tire Market Share, By Company, By Volume, 2016
Figure 19: Eritrea Budget and Ultra Budget Brands Passenger Car Tire Market Share, By Company, By Volume, 2016
Figure 20: Eritrea Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F
Figure 21: Prominent Drivers in Eritrea Light Commercial Vehicle Tire Market, 2017E-2022F
Figure 22: Eritrea Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 23: Eritrea Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F
Figure 24: Eritrea Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2012-2022F
Figure 25: Eritrea Light Commercial Vehicle Tire Market Share, By Ultra Budget, Budget & Premium Brands, By Volume, 2016-2022F
Figure 26: Eritrea Premium Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016
Figure 27: Eritrea Budget and Ultra Budget Brands Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016
Figure 28: Eritrea Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F
Figure 29: Prominent Drivers in Eritrea Medium & Heavy Commercial Vehicle Tire Market, 2017E-2022F
Figure 30: Eritrea Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 31: Eritrea Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F
Figure 32: Eritrea Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2012-2022F
Figure 33: Eritrea Medium & Heavy Commercial Vehicle Tire Market Share, By Ultra Budget, Budget & Premium Brands, By Volume, 2016-2022F
Figure 34: Eritrea Premium Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016
Figure 35: Eritrea Budget and Ultra Budget Brands Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016
Figure 36: Eritrea OTR Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F
Figure 37: Prominent Drivers in Eritrea OTR Tire Market, 2017E-2022F
Figure 38: Eritrea OTR Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 39: Eritrea OTR Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F
Figure 40: Eritrea OTR Tire Market Share, By Company, By Volume, 2012-2022F
Figure 41: Eritrea OTR Tire Market Share, By Ultra Budget, Budget & Premium Brands, By Volume, 2016-2022F
Figure 42: Eritrea Budget and Ultra Budget Brands OTR Tire Market Share, By Company, By Volume, 2016
Figure 43: Eritrea Two- & Three-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Unit), 2012-2022F
Figure 44: Prominent Drivers in Eritrea Two- & Three-Wheeler Tire Market, 2017E-2022F
Figure 45: Eritrea Two- & Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 46: Eritrea Two- & Three-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F
Figure 47: Eritrea Two- & Three-Wheeler Tire Market Share, By Company, By Volume, 2012-2022F
Figure 48: Eritrea Two- & Three-Wheeler Tire Market Share, By Ultra Budget, Budget & Premium Brands, By Volume, 2016-2022F
Figure 49: Eritrea Budget and Ultra Budget Brands Two- & Three-Wheeler Tire Market Share, By Company, By Volume, 2016
Figure 50: Eritrea Tire Imports, By Volume, 2012-2015 (Thousand Units)
Figure 51: Eritrea Tire Market Supply Chain Model

List of Tables

Table 1: Eritrea Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)
Table 2: Eritrea Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)
Table 3: Eritrea Light Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)
Table 4: Eritrea Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)
Table 5: Eritrea OTR Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)
Table 6: Eritrea Two- & Three-Wheeler Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Thousand Unit)
Note: Product cover images may vary from those shown
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  • Apollo Tyres Ltd.
  • Bridgestone Middle East & Africa FZE
  • CEAT Limited
  • GITI Tire (China) Investment Company Ltd.
  • Hangzhou Zhongce Rubber Co. Ltd.
  • JK Tyre & Industries Ltd.
  • MRF Limited
  • Michelin AIM FZE
  • Prinx Chengshan (Shandong) Tire Company
  • Shandong Wanda BOTO Tyre Co. Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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