South Africa Tire Market Report and Forecast 2032

South Africa Tire Market Insights & Analysis

The South Africa Tire Market is anticipated to register a CAGR of around 5% during the forecast period, i.e., 2025-32. Also, the market size was valued at nearly USD XX billion in YYYY. 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.

South Africa Tire Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2025-2032): 5%


• Market Value YYYY: USD XX Billion/Million


• Major Players: Pirelli Tires, Bridgestone Tyres, Sumitomo Rubber South Africa (PTY) Ltd., Continental Tires, Hangzhou Zhongce Rubber, and Others 

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.