The Nigeria Tire Market is projected to grow at a CAGR of 2.4% during 2019-2025.
This report comprehensively covers the market by types, vehicle types and end users. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Nigeria tire market witnessed moderate growth in recent years on account of sluggish economic growth and political instability in the country. However, rising automotive manufacturing and assembly in the country would drive the tire market in Nigeria during the forecast period.
Majority of the motor vehicles entering the Nigerian automotive market are used vehicles from Europe and U.S.A. and thus, the Nigerian tire market is driven by the demand for replacement tires. Two-wheeler tires captured majority of the volume share in the Nigeria tire market due to high popularity of the two wheelers in the country and a shorter life of two-wheeler tires when compared to tires in other segments. However, truck and buses tire segment had the highest revenue share owing to higher prices and prominent use of commercial and public transport by the Nigerian citizens.
Based on types, radial tyres dominated the Nigeria tire market due to certain advantages such as higher fuel-efficiency and longer life offered by them. Some of the key players in Nigeria tire market are Goodyear, Pirelli, Continental, Bridgestone, Michelin and Chinese players.
Key Highlights
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018
Nigeria Tire Market Size and Nigeria Tire Market Forecast of Revenues & Volume until 2025F
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018, By Vehicle Types.
Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By Vehicle Types
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018, By End Users
Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By End Users
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2013-2018, By Types
Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By Types
Nigeria Tire Market Drivers and Restraints
Nigeria Tire Market Trends and Industry Life Cycle
Radiant Logistics, Inc. , a leading provider of technology enabled global transportation and value-added logistics solutions, is pleased to announce it has been recognized by Transport Topics in both the Logistics Top 100 as well as the Freight...
BigBear.ai , a leading provider of AI-powered decision intelligence solutions for national security, supply chain management, and digital identity, today announced that it will publish its first quarter earnings release on Thursday, May 2, 2024, at...
Southwest Airlines Co. invites you to listen to a live webcast of its first quarter 2024 financial results. Details are as follows:
When:
Thursday, April 25, 2024 at 12:30 PM Eastern Time
Who:
Bob Jordan, President and Chief Executive Officer...
Stoneridge, Inc. will webcast its first-quarter 2024 earnings conference call live on Thursday, May 2, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath....
CN today announced the appointment of Remi G. Lalonde as Executive Vice-President and Chief Commercial Officer of CN effective April 24th, 2024. Remi is succeeding Doug MacDonald who will retire from CN following an impressive career of nearly 35...