The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Egypt Truck & Bus Radial Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Egypt Truck & Bus Radial Tire Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Egypt Truck & Bus Radial Tire Market size is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Egypt Truck & Bus Radial Tire Market Segmentation?
The report has segmented the market into the following categories:
By Type of Vehicle
- Truck-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Bus-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
By Application
- Public Transport-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- General Cargo Transport-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Chemicals Transportation-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Building & Construction -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Others (Agriculture Transportation, Dairy Transport, etc.) -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
By Price Category
- Budget -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Economy -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Premium -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
By Tire Size
- Tire Size 1 -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Tire Size 2 -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Tire Size 3 -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Tire Size 4-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Tire Size 5 -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
By Sales Channel
- Direct Sales-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Online-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Multi-brand Stores -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Exclusive Outlets -Market Size & Forecast 2019-2030, Unit Sold (Thousand)
By Demand Type
- OEM-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
- Replacement-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
Among both of these demand types, the largest share is held by the replacement segment. The associated reasons for this high share are the regional climate, the growing tourism sector, and the conditions of roads in Egypt, as there is a difference between road conditions in cities and rural areas. The routes are not in good condition in rural or local areas, which affects the durability of tires and their performance. The regular wear and tear in tires due to the exposure of tires between these different types of routes & varied terrain led to an increase in the demand for frequent replacements of tires. Further, the climate of Egypt varies from hot summers to mild winters, and in temperatures of summers cause the faster degradation of rubber in tires which affects the longevity of tires, ultimately creating the demand for replacement tires.
By Region
- Cairo
- Alexandria
- Giza
- Rest of Egypt
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Key Factor Driver Egypt Truck & Bus Radial Tire Industry Growth by 2030
Increasing Government Investments in Infrastructural Development & Urbanization-Related Projects – In the rapidly changing world, every economy wants to grow fast and increase its global presence. Therefore, there is a rising focus on the development of high-class infrastructure & industrial development, and to accommodate a large number of individuals, urbanization plans are also gaining traction in Egypt. In this type of big project, and development plan, there is a requirement for huge raw materials, and for their transportation heavy-duty vehicles are employed. So the demand for trucks is increasing in construction and manufacturing-related projects. On the other hand, for the developed infrastructure and urban settlements, there is an increasing requirement for buses to transport individuals from one place to the other, which ultimately creates the demand for radial tires and augments the growth & expansion of the industry.
Who are the Key Players Operating in the Egypt Truck & Bus Radial Tire Industry?
The top companies of the Egypt Truck & Bus Radial Tire market ruling the industry are:
- Bridgestone Corporation
- Michelin
- Continental AG
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Company Ltd.
- Dunlop Tire
- Prometeon Tyre Group S.r.l.
- Trenco Transport and Engineering Co.
- Triangle Tire Co.
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FAQs (Frequently Ask Questions)
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