Markntel Advisors’ report, Kenya Tire Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Kenya Tire presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Kenya Tire Market Research Report & Market Summary:
The Kenya Tire Market size is valued at around USD 376 million in 2024 and is estimated to grow at a CAGR of around 5.7% during the forecast period, i.e., 2025-30. Due to a lack of domestic tire production, Kenya imports tires from several nations to fulfill their demand. The market has a growing demand for both OEMs and replacement tires which is highly influenced by urbanization in various parts of the country and high infrastructure improvements involving economic growth making them some of the most crucial market drivers. Rising income and urbanization are leading to higher vehicle ownership ultimately creating the demand for tires. Infrastructure projects are being developed requiring heavy modes of transport boosting the demand for off-road and commercial tires.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/kenya-tire-market.html
Kenya Tire Market Dynamics:
Key Driver-
Population Growth & Rise in Purchasing Power – Growth in the population and rise in the purchasing power of the consumer plays a very significant role in driving the tire industry towards growth and development. The growing middle-class population has increased the demand for cars, which ultimately fuels the growth of the Kenya Tire Market. In a recent population report of 2024, Kenya reached up to 55 million approx. And is expected to reach 65 million by 2030, making more people look for mobility solutions increasing the number of vehicles, and more the production of tires. As development takes place people tend to shift to urban areas which has seen a rapid growth in vehicle density correlating it with an increase in vehicle service which also requires changing tires due to increased traffic and vehicle congestion as per usage from time to time boosting the industry even further.
Kenya Tire Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Vehicle Type
- Passenger Car-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Light Commercial Vehicle (LCV) -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Medium & Heavy Commercial Vehicle (MHCV) -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Off-the Road Vehicle -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Two Wheeler-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
The Kenyan Tire Industry segmented by vehicle type shows that Passenger Car has the highest market share in both Value and Volume. It still occupies around 50-55% share of the market. It is predicted to rise at a CAGR of around 8-10% in the estimated period of 2025 to 2030.
By Demand Type
- OEM-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Aftermarket-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
The aftermarket demand type segment holds as much as 60-65% market share and therefore is the most dominant type of the tire industry in Kenya.
By Tire Type
- Radial-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Bias-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
By Sales Channel
- Online-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Direct Sales-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Multi Brand Stores-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Exclusive Outlets-Market Size & Forecast 2020-2030F, Units Sold (Thousands)
By Price Category
- Budget-Market Size & Forecast 2020-2030F, Unit Sold (Thousand)
- Economy-Market Size & Forecast 2020-2030F, Unit Sold (Thousand)
- Premium-Market Size & Forecast 2020-2030F, Unit Sold (Thousand)
By Season
- Summer-Market Size & Forecast 2020-2030F, Unit Sold (Thousand)
- All Season-Market Size & Forecast 2020-2030F, Unit Sold (Thousand)
By Tire Size
- Tire Size 1 -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Tire Size 2 -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Tire Size 3 -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Tire Size 4 -Market Size & Forecast 2020-2030F, Units Sold (Thousands)
- Tire Size 5- Market Size & Forecast 2020-2030F, Units Sold (Thousands).
As indicated in the latest market research report published by Markntel Advisors, “Kenya Tire Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Kenya Tire industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/kenya-tire-market.html
Top Companies Operating in the Kenya Tire Market:
- Michelin Kenya Sdn Bhd
- Giti Tire Pte. Ltd.
- MRF
- Pirelli & C.S.p.a
- Goodyear Tire & Rubber Industries
- Sumitomo Rubber Industries, Ltd.
- Maxxis Tires Kenya
- Kumho Tyre
- Apollo Tyres Ltd.
- Bridgestone Middle East & Africa FZE
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Key Report 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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Kenya Tire Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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