Market Overview: Egypt Passenger Car Tire Market FY24-29
This reports provides an essential and dependable overview of the Egypt Passenger Car Tire Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Egypt Passenger Car Tire Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2029
- CAGR: 6.23% (2024-2029)
The Egypt Passenger Car Tire Market is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29.
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Egypt Passenger Car Tire Market Opportunity:
Growing Demand for Electric and Hybrid Cars – In recent years, there has been a significant rise in carbon emissions owing to rapid industrialization and the rising inclination of consumers towards personal transportation. According to the International Energy Association (IEA), in 2021, the annual carbon dioxide emission reached approximately 249.62 million tonnes, an increase of about 6% compared to 2020. These carbon emissions lead to environmental issues like climate change, biodiversity loss, and health hazards like respiratory diseases. As a result, the government of Egypt laid down initiatives & plans such as the National Climate Change Strategy 2050, to encourage the adoption of sustainable transportation, i.e., electric cars to minimize carbon emissions.
In addition, the government of Egypt is encouraging foreign automakers to establish their electric car manufacturing in the country by easing corporate tax laws and providing subsidies. The setup of the electric car manufacturing unit in the country would pose an opportunity for passenger car tire manufacturers like Bridgestone, Continental, Pirelli, etc., to offer their tires directly to these production units, enhancing the Egypt Passenger Car Tire Market during foreseen years.
Egypt Passenger Car Tire Market Segmentation Analysis - FY24-29
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Egypt Passenger Car Tire Market (2024-29). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Egypt Passenger Car Tire Market segmentation is enlisted below:
By Vehicle Type
- Sedan- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- SUV- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Hatchback-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
By Demand Type
- OEM - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Aftermarket - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
By Sales Channel
- Direct Sales- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Online- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
By Tire Type
- Radial- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Bias- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
By Tire Size
- Tire Size 1- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 2- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 3-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 4-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Tire Size 5-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
By Price Category
- Budget- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Economy- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Premium- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
By Season
- Summer- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- Winter- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
- All-Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
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By Region
- East
- West
Egypt Passenger Car Tire Market Competitive Landscape
Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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