Egypt Passenger Car Tire Market Insights, Share & Growth Trends 2024-29

Overview of the Egypt Passenger Car Tire Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Egypt Passenger Car Tire Market By Vehicle Type (Sedan, SUV, Hatchback), By Demand Type (OEM, Aftermarket), By Sales Channel (Direct Sales, Multi Brand Stores & Exclusive Outlets, Online), By Tire Type (Radial, Bias), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), By Price Category (Budget, Economy, Premium), By Season Summer, Winter, All-Season), The Egypt Passenger Car Tire Market is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Egypt Passenger Car Tire Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-29

Historical Data: 2019-22

CAGR (2024-2029): 6.23%

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Egypt Passenger Car Tire Market Opportunity:

Growing Demand for Electric and Hybrid Cars – In recent years, there has been a significant rise in carbon emissions owing to rapid industrialization and the rising inclination of consumers towards personal transportation. According to the International Energy Association (IEA), in 2021, the annual carbon dioxide emission reached approximately 249.62 million tonnes, an increase of about 6% compared to 2020. These carbon emissions lead to environmental issues like climate change, biodiversity loss, and health hazards like respiratory diseases. As a result, the government of Egypt laid down initiatives & plans such as the National Climate Change Strategy 2050, to encourage the adoption of sustainable transportation, i.e., electric cars to minimize carbon emissions.

In addition, the government of Egypt is encouraging foreign automakers to establish their electric car manufacturing in the country by easing corporate tax laws and providing subsidies. The setup of the electric car manufacturing unit in the country would pose an opportunity for passenger car tire manufacturers like Bridgestone, Continental, Pirelli, etc., to offer their tires directly to these production units, enhancing the Egypt Passenger Car Tire Market during foreseen years.

A Comprehensive Analysis of Leading Companies of Egypt Passenger Car Tire Market by MarkNtel Advisors:

Bridgestone Corporation
Michelin
Continental AG
Pirelli Tyre S.p.A
Trenco Transport and Engineering Co.
Goodyear Tire and Rubber Company
Falken Tyres
Lassa Tyres
Maxxis Tire
Yokohama Rubber Company Limited
Others

Key Egypt Passenger Car Tire Market Segmentation:

-By Vehicle Type

Sedan
SUV
Hatchback

The SUVs dominate the Egypt Passenger Car Tire Market owing to the growing consumer inclination towards larger passenger vehicles.

-By Demand Type

OEM
Aftermarket

The passenger car is used widely in Egypt for a variety of purposes including family outings, commuting to the office or any other place, city exploration, and others.

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-By Sales Channel

Direct Sales- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Online- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Tire Type

Radial- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Bias- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Tire Size

Tire Size 1- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 2- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 3-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 4-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 5-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Price Category

Budget- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Economy- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Premium- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Season

Summer- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Winter- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
All-Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

Geographical Analysis

-By Region

East
West

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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