Ethiopia Tire Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Ethiopia Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Impact of COVID-19 on Tire
The Ethiopia two-wheeler tire market is foreseeing a dual influence amid COVID-19. The COVID-19 has a positive impact in the Ethiopia two-wheeler tire market due to lockdown imposition which has restricted the movement of the people. Owing to this, the requirement of delivery services has witnessed a sharp surge in its demand from the customer, which has further infused new demand and opportunity for the delivery companies in the country.

Market Opportunities
According to MarkNtel Advisors’ research report “Ethiopia Tire Market Analysis, 2020”, the Ethiopia Tire market is anticipated to grow at a considerable CAGR during 2021-26. Ethiopia is also known to be the second most populous country in Africa as it has a population of a 100 million. The sale of new commercial vehicles out-performs passenger vehicles by a large margin and this is majorly driven due to construction and agribusiness industries requirements.
Also, the widespread use of second hand vehicles, nearly 85%, has contributed to a snowballing demand for parts, spares and accessories. According to Ethiopia’s Ministry of Transport approximately 84% of the market is passenger vehicles while commercial vehicles make up 16%. The manufacture of automobiles in Ethiopia is limited to assembly, manufacture of bodies of vehicles and small scale manufacture of parts and accessories.

Market Segmentation
OEM is Witnessing a Significant Growth
The OEM demand for 10-16’ rim size tire grabbed the majority share in the Ethiopia two-wheeler tire market on account of the setup of the assembly plant for electric-powered two wheeler named as “scooty” which require the tire with the rim size 10’. The two-wheeler tire segment grabbed the majority market share in 2020 as revealed by the MarkNtel Advisors’ research report “Ethiopia Tire Market Analysis, 2020”.

Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Ethiopia Tire market include Goodyear Tire & Rubber Co., Pirelli &C. SpA, Continental AG, Michelin, Apollo Tyres Ltd., Sumitomo Rubber Industries Ltd., CEAT Tire Ltd., Maxxis International, Bridgestone Corp., MRF Ltd., Etc.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Ethiopia Tire Market?
2. What is the country wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Ethiopia Tire Market?
4. Who are the key competitors or market players and how they perform in Ethiopia Tire Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Ethiopia Tire Market study?

Market Outlook, Segmentation and Statistics:
1) Impact of COVID-19 on Ethiopia Tire Market
2) Expert Verbatim-Interview Excerpts of industry experts
3) Ethiopia Tire Market Analysis, 2016-2026F
a) Market Size & Analysis
i) Revenues in (USD Billion)
ii) Units Sold in Million
b) Market Share & Analysis
i) By Vehicle Type
(1) Passenger Cars
(a) SUV
(b) Sedan
(c) Hatchback & Bakkies
(2) Light Commercial Vehicles (LCV)
(a) Light Trucks
(b) Light Buses
(c) Pickup trucks & Vans
(3) Medium & High Commercial Vehicles
(a) Bus
(b) Truck
(4) Two Wheelers
(a) Moped
(b) Scooters
(c) Motorcycles
(5) Off the Road (OTR)
(a) Earthmoving Equipment
(b) Material Handling Equipment
(c) Industrial & Mining Equipment
ii) By Demand Type
(1) OEM
(2) Replacement
iii) By Type of Tire
(1) Radial
(2) Bias
iv) By Season
(1) All Season
(2) Summer
v) By Sales Channel
(1) Online
(2) Dealers/ Exclusive Outlets
(3) Others
vi) By Rim Size
(1) Upto 12
(2) 12.1” to 15”
(3) 15.1.” to 18”
(4) 18.1” to 20”
(5) 20.1” to 22.5”
(6) 22.6” to 26”
(7) 26.1” to 35”
(8) 35.1” to 47”
(9) Above 47”
vii) By Price Category
(1) Low
(2) Medium
(3) High
viii) By Company
(1) Market Shares, By Revenue
(2) Strategic Factorial Indexing
(3) Competitor Placement in MarkNtel Quadrant

Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Ethiopia Tire Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Ethiopia Tire Market during 2021-26?
A. The growth rate of Ethiopia Tire Market during 2021-26 is forecast to grow at a considerable CAGR.
Q. Who are the key competitors or players operating in Ethiopia Tire Market?
A Goodyear Tire & Rubber Co., Pirelli &C. SpA, Continental AG, Michelin, Apollo Tyres Ltd., Sumitomo Rubber Industries Ltd., CEAT Tire Ltd., Maxxis International, Bridgestone Corp., MRF Ltd., Etc. are few of the leading players in the Ethiopia Tire Market.
Q. Which type of tire segment would emerge as an opportunity area for players in Ethiopia Tire Market?
A. Bias segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which type of vehicle would emerge as an opportunity area for players in Ethiopia Tire Market?
A. Passenger car grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Ethiopia Tire Market.