Report Overview:

The following report 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) and other forecast 2024-2029” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Egypt Passenger Car Tire Market Summary

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 factors attributing to the growth in the demand for passenger car tires in Egypt are the growing automotive production and increasing usage of ride-hailing taxis. In recent years, there has been a significant rise in the net disposable income of the country's citizens. According to the International Monetary Fund (IMF), in 2022, the Gross Domestic Product (GDP) per capita was approximately USD 4560, an increase of about 10% compared to 2021.

Report Coverage & Details

• Forecast Period: 2024-2029
• Base Year: 2023
• CAGR: 6.23%

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Egypt Passenger Car Tire Market Driver:

Government Emphasis on Road Safety Accelerating Growth of Egypt's Passenger Car Tire – Over the past few years, there has been a surge in road accidents due to factors such as overspeeding, tire defects, and others. According to the American University in Cairo, the country per year witnesses around 12,000 fatalities. These accidents also poorly affect the economy of the country. In addition, as per Al-Monitor, in 2022, road accidents in Egypt led to the loss of approximately 3% of the overall country’s GDP. One of the reasons behind the road accidents is the usage of deteriorated tires, leading to less traction between the tire & roads.

Therefore, the government of Egypt laid the regulation compelling the consumers to ensure the replacement of the tires at regular intervals. These regulations regarding road safety have necessitated frequent tire replacement for every car owner, driving the Egypt Passenger Car Tire market. Moreover, these regulations are also surging consumers to seek premium quality tires since they offer better gripping & traction. Thus, the premium tires provided by companies like Bridgestone, Continental, etc., are witnessing growth and are expected to do well in coming years as well

Segmentation Analysis: Egypt Passenger Car Tire Market

By Vehicle Type

• Sedan- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• SUV- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Hatchback-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

By Demand Type

• OEM - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Aftermarket - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

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)

By Region

• East
• West

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Leading Players Analysis: Egypt Passenger Car Tire Market

The report provides detailed analysis of key players in the Egypt Passenger Car Tire market, highlighting their strategies and competitive scenario.

• 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

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