Overview of the Ethiopia Two Wheeler Tire Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Ethiopia Two Wheeler Tire Market By Vehicle Type (Scooter Mopeds (By Engine Power (Upto 100cc, 101 cc to 125 cc, 126 cc to 150, cc Above 150 cc), Motorbike (Upto 100cc, 101 cc to 125 cc, 126 cc to 150, cc Above 150 cc), By Installation (OEMs (By Rim Size (10” to 16”, Above 16”), Replacement (By Rim Size (10” to 16”, Above 16”), By Tire Type (Radial, Bias), By Price Category (Budget, Economy, Premium), By Sales Channel (Online, Multibrand Store, Exclusive Store), The Global Ethiopia Two-Wheeler Tire Market is projected to register a considerable CAGR during 2022-27. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Ethiopia Two Wheeler Tire Market Growth and Scope:
Base Year: 2021
Forecast Period: 2022-2027
Historical Data: 2017-20
CAGR (2022-2027):
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What key factor is expected to drive the growth of the Ethiopia Two Wheeler Tire Market between 2022-27?
Key Drivers:
Raising Consumer Awareness about Timely Repairs Replacement of Tires - With a rise in the number of two-wheeler ownerships, customers are becoming increasingly aware of the importance of providing timely repairs replacement of tires to ensure the utmost safety long life of their vehicles. It is the most prominent aspect instigating the leading players to increase tire imports enhance their distribution capacities, i.e., projected to drive the Ethiopia Two-Wheeler Tire Market during 2022-27.
A Comprehensive Analysis of Leading Companies of Ethiopia Two Wheeler Tire Market by MarkNtel Advisors:
- MRF
- Bridgestone
- Maxxis
- CEAT
- Sumitomo
- Apollo
- Michelin
- Continental
- Pirelli
- Goodyear etc.
Key Ethiopia Two Wheeler Tire Market Segmentation:
-By Vehicle Type
- Scooters Mopeds
- Motorbikes
According to the report, Motorbikes acquired the largest share of the Ethiopia Two-Wheeler Tire Market in previous years, and the same trend is likely during 2022-27.
-By Demand Type
- OEM
- Replacement
According to the report, the Replacement demand is anticipated to dominate the market with the largest share over the forecast years, principally due to the increasing frequency of tire replacements owing to poor road conditions in the country.
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-By Vehicle Type
- Scooter Moped
- Motorbike
-By Installation
- OEM
- Replacement
-By Tire Type
- Radial
- Bias
-By Price Category
- Budget
- Economy
- Premium
-By Sales Channel
- Online
- Multi Brand Stores
- Exclusive Outlets
Key Reports 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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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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