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.