South Africa Tire Market
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The South Africa Tire Market is anticipated to register a CAGR of around 5% during the forecast period, i.e., 2025-32. The automobile sector in South Africa is developing quickly, which is boosting the market. Owing to the dominance of the automotive manufacturing industry & growing foreign investment that has increased tire production capacity, the industry is growing rapidly. Several automakers with headquarters in South Africa have made dramatic statements that should significantly boost demand for the country’s tire sector. For example, to raise the installed capacity, German automaker Volkswagen stated in April 2024 that it would invest nearly USD 219 million in the company’s Kariega plant to surge the installed capacity.
Additionally, South Africa’s significantly increasing demand for passenger automobiles is pushing automakers to boost their production capacity. In the upcoming years, rising consumer inclination toward car ownership & strengthening economic conditions is also expected to fuel market expansion. Also, leading market companies, Sumitomo, Bridgestone, Michelin, Goodyear, Continental, etc., would have the opportunity to manufacture durable tires that satisfy several vehicle owner standards.
Furthermore, the requirement for commercial vehicles is growing due to an upsurge in construction projects & the quickly developing logistics & transportation sectors. This, in turn, is driving the requirement for tires that could improve fuel efficiency & promote safer driving on various terrains. Also, if the level of living rises in South Africa, so too would the need for automobiles, which would push the demand for tires across the country. The need for heavy-duty commercial tires, as well as tires for passenger cars & buses, has surged as a result of the government’s ongoing investments in developing transportation networks & rad infrastructure. Further, specialized off-the-road (OTR) tires are in greater demand owing to mining & large-scale building operations.
Moreover, the flourishing e-commerce & logistic industries have elevated demand for tires for commercial vehicles. As trucks, trailers, and other commercial vehicles play a key role in the logistics sector, there is a rising need for tires that are sturdy & dependable and can manage big loads & long-distance travel. Also, during the projected period, the South Africa Tire Market is presumed to grow at a profitable rate owing to the increasing market sales of electric vehicles (EVs) & the requirement for tyres from the mining & agriculture sectors.
South Africa Tire Market Dynamics
- Rising Vehicle Sales & Mounting Automotive Industry to Thrive the Market Expansion
South Africa’s car ownership rate has increased owing to the nation’s expanding middle class & improved economy. The need for tires, both original equipment (OE) & replacement, is directly increased by the upscale in the number of cars on the road. For both domestic use & export to other African Markets, South Africa acts as a center for the manufacturing & distribution of automobiles. Moreover, given that new cars need to have sturdy, high-quality tires, the rise in market sales of both passenger & commercial vehicles is a key factor in the growth of the Tire Market in South Africa.
Furthermore, the government of the region has also implemented measures to encourage the expansion of the automobile sector, such as tax breaks & infrastructure spending, which, in turn, raises demand for tires for both original equipment & replacements.
- Escalating Raw Material Prices to Limit the Industry Growth
Natural rubber, synthetic rubber, steel, and other chemicals are some of the raw materials used to make tires. Owing to limitations on supply, environmental laws, and expanding global demand, the costs of these commodities have been rising over the historic years. Increased production expenses are ultimately passed on to customers by South African tire distributors & manufacturers due to the rising cost of raw materials. An increasing number of individuals are pushing for ecologically friendly materials & sustainable manufacturing methods. The producers who want to lower their carbon footprint & use eco-friendly materials & sustainable manufacturing techniques have had to pay more to comply with these laws. Also, as consumers' purchasing power is still restricted, these costs would hinder the South Africa Tire Market.
South Africa Tire Market Segment-wise Analysis
By Type of Vehicle:
- Passenger Car
- Commercial Vehicle
- Two Wheeler
- Three Wheeler
In recent years, Two-wheelers have held a dominant position in the South Africa Tire Market, and this trend is expected to continue in the years to come. In particular, the middle-class & working individuals in South Africa are the primary drivers of the growing sales of two-wheelers, which could be attributed to the increasing consumer desire for vehicle ownership. Moreover, the country’s increasingly unlevel roads & expanding traffic congestion are two other notable aspects that are favorably impacting the market & greatly raising the demand for two-wheelers. Additionally, as an electric motorbike becomes more popular & among younger individuals & working women, the market for two-wheeler tires would continue to upscale & drive these market sales through 2032.
By Demand:
- OEM
- Replacement
Over the projected period, the South Africa Tire Market's OEM (Original Equipment Manufacturer) is predicted to upscale substantially. Original tires from associated OEMs are in high demand owing to the steadily increasing sales of automobiles & their ongoing upgrades by automakers. In addition, several well-known tire manufacturers are setting up production facilities in South Africa because of the country’s advantageous export & import rules, which are improving the scalability of OEMs across the nation. Also, growing consumer preference for OEM tires would fuel the South Africa Tire Market expansion in the forthcoming years.
What Does Our South Africa Tire Market Research Study Entail?
- Global Halal Food Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- Global Halal Food Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Policy and Regulatory Landscape
- South Africa Tire Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Two Wheeler
- Three Wheeler
- Market Share, By Demand Type
- 10” to 14”
- 14.1” to 16”
- Above 16.1”
- Market Share, By Tire Type
- Radial
- Bias
- Market Share, By Sales Channel
- Online
- Direct Sales
- Multi Brand Stores
- Exclusive Outlets
- Market Share, By Price Category
- Budget
- Economy
- Premium
- Market Share, By Rim Size
- Up to 12”
- 12.1” to 15”
- 15.1” to 18”
- 18.1” to 20”
- 20.1” to 22.5”
- 22.6” to 26”
- 26.1” to 35”
- 35.1” to 47”
- Above 47
- Market Share, By Region
- North
- East
- West
- South
- Central
- Market Share, By Competitors
- Competition Characteristics
- Revenue Shares
- South Africa Passenger Car Tire Market Overview, 2020-2032F
- By Value (USD Million)
- By Demand Type- Market Size & Forecast 2019-2030, USD Million
- By Tire Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Price Category- Market Size & Forecast 2019-2030, USD Million
- By Rim Size- Market Size & Forecast 2019-2030, USD Million
- South Africa Commercial Vehicle Tire Market Overview, 2020-2032F
- By Value (USD Million)
- By Demand Type- Market Size & Forecast 2019-2030, USD Million
- By Tire Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Price Category- Market Size & Forecast 2019-2030, USD Million
- By Rim Size- Market Size & Forecast 2019-2030, USD Million
- South Africa Two Wheeler Tire Market Overview, 2020-2032F
- By Value (USD Million)
- By Demand Type- Market Size & Forecast 2019-2030, USD Million
- By Tire Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Price Category- Market Size & Forecast 2019-2030, USD Million
- By Rim Size- Market Size & Forecast 2019-2030, USD Million
- South Africa Three Wheeler Tire Market Overview, 2020-2032F
- By Value (USD Million)
- By Demand Type- Market Size & Forecast 2019-2030, USD Million
- By Tire Type- Market Size & Forecast 2019-2030, USD Million
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- By Price Category- Market Size & Forecast 2019-2030, USD Million
- By Rim Size- Market Size & Forecast 2019-2030, USD Million
- Competitive Outlook (Company Profile - Partila List)
- Pirelli Tires
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Bridgestone Tyres
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Sumitomo Rubber South Africa (PTY) Ltd.
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Continental Tires
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Hangzhou Zhongce Rubber
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Goodyear Tires
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- CEAT Tyres
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Triangle Tyres
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Michelin Tyres
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Maxxis Tyres
- Company Overview
- Business Segments
- Strategic Alliances/Partnerships
- Recent Developments
- Pirelli Tires
- Contact Us & Disclaimer
List of Figure
Figure 1: Market Segmentation Framework
Figure 2: Research Methodology Flowchart
Figure 3: Breakdown of Secondary Data Points
Figure 4: Companies Interviewed for the Study
Figure 5: Primary Data Points Categorization
Figure 6: Breakdown of Primary Interviews by Stakeholder Type
Figure 7: South Africa Tire Market Value Trend (2020-2032)
Figure 8: Market Share by Vehicle Type in South Africa Tire Market
Figure 9: Passenger Car Tire Market Share Breakdown
Figure 10: Commercial Vehicle Tire Market Share Breakdown
Figure 11: Two Wheeler Tire Market Share Breakdown
Figure 12: Three Wheeler Tire Market Share Breakdown
Figure 13: Market Share by Demand Type (Rim Sizes 10” to 14”, 14.1” to 16”, Above 16.1”)
Figure 14: Market Share by Tire Type (Radial vs Bias)
Figure 15: Market Share by Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets)
Figure 16: Market Share by Price Category (Budget, Economy, Premium)
Figure 17: Market Share by Rim Size Segments
Figure 18: Market Share by Region (North, East, West, South, Central)
Figure 19: Market Share by Competitors
Figure 20: Competition Characteristics in South Africa Tire Market
Figure 21: Revenue Shares of Key Players
Figure 22: South Africa Passenger Car Tire Market Value Forecast (2020-2032F)
Figure 23: Passenger Car Tire Market Size & Forecast by Demand Type (2019-2030)
Figure 24: Passenger Car Tire Market Size & Forecast by Tire Type (2019-2030)
Figure 25: Passenger Car Tire Market Size & Forecast by Sales Channel (2019-2030)
Figure 26: Passenger Car Tire Market Size & Forecast by Price Category (2019-2030)
Figure 27: Passenger Car Tire Market Size & Forecast by Rim Size (2019-2030)
Figure 28: South Africa Commercial Vehicle Tire Market Value Forecast (2020-2032F)
Figure 29: Commercial Vehicle Tire Market Size & Forecast by Demand Type (2019-2030)
Figure 30: Commercial Vehicle Tire Market Size & Forecast by Tire Type (2019-2030)
Figure 31: Commercial Vehicle Tire Market Size & Forecast by Sales Channel (2019-2030)
Figure 32: Commercial Vehicle Tire Market Size & Forecast by Price Category (2019-2030)
Figure 33: Commercial Vehicle Tire Market Size & Forecast by Rim Size (2019-2030)
Figure 34: South Africa Two Wheeler Tire Market Value Forecast (2020-2032F)
Figure 35: Two Wheeler Tire Market Size & Forecast by Demand Type (2019-2030)
Figure 36: Two Wheeler Tire Market Size & Forecast by Tire Type (2019-2030)
Figure 37: Two Wheeler Tire Market Size & Forecast by Sales Channel (2019-2030)
Figure 38: Two Wheeler Tire Market Size & Forecast by Price Category (2019-2030)
Figure 39: Two Wheeler Tire Market Size & Forecast by Rim Size (2019-2030)
Figure 40: South Africa Three Wheeler Tire Market Value Forecast (2020-2032F)
Figure 41: Three Wheeler Tire Market Size & Forecast by Demand Type (2019-2030)
Figure 42: Three Wheeler Tire Market Size & Forecast by Tire Type (2019-2030)
Figure 43: Three Wheeler Tire Market Size & Forecast by Sales Channel (2019-2030)
Figure 44: Three Wheeler Tire Market Size & Forecast by Price Category (2019-2030)
Figure 45: Three Wheeler Tire Market Size & Forecast by Rim Size (2019-2030)
Figure 46: Competitive Landscape – Company Revenue Comparison
Figure 47: Pirelli Tires – Business Segments and Strategic Alliances
Figure 48: Bridgestone Tyres – Business Segments and Strategic Alliances
Figure 49: Sumitomo Rubber South Africa – Business Segments and Strategic Alliances
Figure 50: Continental Tires – Business Segments and Strategic Alliances
Figure 51: Hangzhou Zhongce Rubber – Business Segments and Strategic Alliances
Figure 52: Goodyear Tires – Business Segments and Strategic Alliances
Figure 53: CEAT Tyres – Business Segments and Strategic Alliances
Figure 54: Triangle Tyres – Business Segments and Strategic Alliances
Figure 55: Michelin Tyres – Business Segments and Strategic Alliances
Figure 56: Maxxis Tyres – Business Segments and Strategic Alliances
List of Table
Table 1: Study Objectives and Scope
Table 2: Product Definition and Specifications
Table 3: Market Segmentation Categories
Table 4: Study Variables Overview
Table 5: Research Methodology Details
Table 6: Secondary Data Sources
Table 7: List of Companies Interviewed
Table 8: Primary Data Collection Breakdown
Table 9: Executive Summary – Key Market Metrics
Table 10: Market Drivers and Impact Analysis
Table 11: Market Challenges and Mitigation Strategies
Table 12: Opportunity Assessment Summary
Table 13: Recent Trends and Developments in South Africa Tire Market
Table 14: Policy and Regulatory Framework Summary
Table 15: South Africa Tire Market Size by Value (USD Billion) (2020-2032)
Table 16: Market Share by Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler, Three Wheeler)
Table 17: Market Share by Demand Type (Rim Size Categories)
Table 18: Market Share by Tire Type (Radial, Bias)
Table 19: Market Share by Sales Channel
Table 20: Market Share by Price Category
Table 21: Market Share by Rim Size
Table 22: Market Share by Region (North, East, West, South, Central)
Table 23: Market Share by Key Competitors
Table 24: Competition Characteristics Overview
Table 25: Revenue Shares of Leading Companies
Table 26: South Africa Passenger Car Tire Market Size & Forecast by Demand Type (USD Million)
Table 27: Passenger Car Tire Market Size & Forecast by Tire Type
Table 28: Passenger Car Tire Market Size & Forecast by Sales Channel
Table 29: Passenger Car Tire Market Size & Forecast by Price Category
Table 30: Passenger Car Tire Market Size & Forecast by Rim Size
Table 31: South Africa Commercial Vehicle Tire Market Size & Forecast by Demand Type
Table 32: Commercial Vehicle Tire Market Size & Forecast by Tire Type
Table 33: Commercial Vehicle Tire Market Size & Forecast by Sales Channel
Table 34: Commercial Vehicle Tire Market Size & Forecast by Price Category
Table 35: Commercial Vehicle Tire Market Size & Forecast by Rim Size
Table 36: South Africa Two Wheeler Tire Market Size & Forecast by Demand Type
Table 37: Two Wheeler Tire Market Size & Forecast by Tire Type
Table 38: Two Wheeler Tire Market Size & Forecast by Sales Channel
Table 39: Two Wheeler Tire Market Size & Forecast by Price Category
Table 40: Two Wheeler Tire Market Size & Forecast by Rim Size
Table 41: South Africa Three Wheeler Tire Market Size & Forecast by Demand Type
Table 42: Three Wheeler Tire Market Size & Forecast by Tire Type
Table 43: Three Wheeler Tire Market Size & Forecast by Sales Channel
Table 44: Three Wheeler Tire Market Size & Forecast by Price Category
Table 45: Three Wheeler Tire Market Size & Forecast by Rim Size
Table 46: Company Profiles Summary – Business Segments and Strategic Partnerships
Table 47: Pirelli Tires – Key Financials and Developments
Table 48: Bridgestone Tyres – Key Financials and Developments
Table 49: Sumitomo Rubber South Africa – Key Financials and Developments
Table 50: Continental Tires – Key Financials and Developments
Table 51: Hangzhou Zhongce Rubber – Key Financials and Developments
Table 52: Goodyear Tires – Key Financials and Developments
Table 53: CEAT Tyres – Key Financials and Developments
Table 54: Triangle Tyres – Key Financials and Developments
Table 55: Michelin Tyres – Key Financials and Developments
Table 56: Maxxis Tyres – Key Financials and Developments
Top Key Players & Market Share Outlook
- Pirelli Tires
- Bridgestone Tyres
- Sumitomo Rubber South Africa (PTY) Ltd.
- Continental Tires
- Hangzhou Zhongce Rubber
- Goodyear Tires
- CEAT Tyres
- Triangle Tyres
- Michelin Tyres
- Maxxis Tyres
Frequently Asked Questions
