The Nigeria Two-Wheeler Tire Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Nigeria Two-Wheeler Tire Market is projected to witness a compound annual growth rate (CAGR) of around 8.64% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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Nigeria Two-Wheeler Tire Market Segmentation Analysis: 2024-2030
The Nigeria Two-Wheeler Tire Market is segmented into:
By Vehicle Type
- Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
- Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
By Demand Type
- OEMs- 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 Price Category
- Budget (Up to USD11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
- Economy (USD12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
- Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units
By Sales Channel
- Online- Market Size & Forecast 2019-2030, Thousand Units
- Multi Brand Stores - Market Size & Forecast 2019-2030, Thousand Units
- Exclusive Outlets - Market Size & Forecast 2019-2030, Thousand Units
- Others - Market Size & Forecast 2019-2030, Thousand Units
By Tire Size
- 80/100-17- Market Size & Forecast 2019-2030, Thousand Units
- 100/90-17- Market Size & Forecast 2019-2030, Thousand Units
- 75 x 17 - Market Size & Forecast 2019-2030, Thousand Units
- 75-18- Market Size & Forecast 2019-2030, Thousand Units
- 00 x 17 50- Market Size & Forecast 2019-2030, Thousand Units
- 00 - 18- Market Size & Forecast 2019-2030, Thousand Units
- 90/90 - 17- Market Size & Forecast 2019-2030, Thousand Units
- Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 - 17 etc.) - Market Size & Forecast 2019-2030, Thousand Units
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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Nigeria Two-Wheeler Tire Market Trend:
Increasing Fleet of Ride-Hailing Companies to Support Market Growth – Nigeria has been severely facing traffic congestion issues due to poor road infrastructure. These traffic jams devour nearly half of the daily commute time of individuals. As a result, individuals in the country leave early for work and prefer to use bike taxis for daily commuting purposes. Thus, Nigeria is emerging as a hotbed for ride-hailing app usage. The high usage of bike taxis in the region is resulting in wear and tear of the tires, enhancing the requirement for replacement at frequent intervals. In addition, the growing demand for ride-hailing motorcycle taxis is also leading companies, such as Uber, Bolt, etc., to expand their motorcycle fleets in the country.
Geographical Coverage of the Nigeria Two-Wheeler Tire Market
- Midwest
- North
- East
- West
Top Leading Key Players of Nigeria Two-Wheeler Tire Market
- Bridgestone Corporation
- Goodyear Tire and Rubber Company(Dunlop)
- Michelin
- Continental AG
- Yokohama TWS (Mitas)
- Pirelli Tyre S.p.A.
- Apollo Tire
- JK Tyer
- CEAT
- Others
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Common Queries
- What is the current trajectory of cost and profit estimations in the Nigeria Two-Wheeler Tire Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Nigeria Two-Wheeler Tire Industry?
- Which technological advancements are anticipated to shape the future of the Nigeria Two-Wheeler Tire Market?
- Who are the noteworthy players highlighted in the Nigeria Two-Wheeler Tire Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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