Egypt Tire Market, Forecast and Opportunities, 2030 - Techsci Research

2014-2030

EGYPT TIRE MARKET COMPETITION, FORECAST & OPPORTUNITIES

MARKET INTELLIGENCE . CONSULTING Published: September 2019

Ta b l e o f C o n t e n t s S. No.

Contents

1.

Research Methodology

2.

Product Definition and Market Segmentation

3.

Analyst View

4.

Egypt Tire Market Outlook 4.1.

4.2.

5.

Page No.

Market Size & Forecast 4.1.1.

By Value

4.1.2.

By Volume

Market Share & Forecast 4.2.1.

By Vehicle Type

4.2.2.

By Demand Category

4.2.3.

By Radial Vs. Bias

4.2.4.

By Region

4.2.5.

By Company

Egypt Passenger Car Tire Market Outlook 5.1.

5.2.

Market Size & Forecast 5.1.1.

By Value

5.1.2.

By Volume

Market Share & Forecast 5.2.1.

By Vehicle Type

5.2.2.

By Demand Category (OEM & Replacement)

5.2.3.

By Radial Vs. Bias Š TechSci Research

2

Ta b l e o f C o n t e n t s S. No.

Contents

6.

Egypt Commercial Vehicle Tire Market Outlook 6.1.

6.2.

7.

Market Size & Forecast 6.1.1.

By Value

6.1.2.

By Volume

Market Share & Forecast 6.2.1.

By Vehicle Type

6.2.2.

By Demand Category (OEM & Replacement)

6.2.3.

By Radial Vs Bias

Egypt Two-Wheeler Tire Market Outlook 7.1.

7.2.

8.

Page No.

Market Size & Forecast 7.1.1.

By Value

7.1.2.

By Volume

Market Share & Forecast

7.2.1.

By Vehicle Type

7.2.2.

By Demand Category (OEM & Replacement)

7.2.3.

By Radial Vs Bias

Egypt Three-Wheeler Tire Market Outlook 8.1.

8.2.

Market Size & Forecast 8.1.1.

By Value

8.1.2.

By Volume

Market Share & Forecast 8.2.1.

By Vehicle Type

8.2.2.

By Demand Category (OEM & Replacement)

8.2.3.

By Radial Vs Bias Š TechSci Research

3

Ta b l e o f C o n t e n t s S. No. 9.

Contents Egypt OTR Tire Market Outlook 9.1.

9.2.

10.

11.

Page No.

Market Size & Forecast 9.1.1.

By Value

9.1.2.

By Volume

Market Share & Forecast 9.2.1.

By Vehicle Type

9.2.2.

By Demand Category (OEM & Replacement)

9.2.3.

By Radial Vs Bias

Trade Analysis 10.1.

By Imports

10.2.

By Exports

Market Dynamics 11.1.

Growth Drivers

11.2.

Challenges

12.

Market Trends & Developments

13.

Egypt Economic Outlook

15.

Competitive Landscape 15.1.

Bridgestone Corporation

15.2.

The Michelin

15.3.

Continental AG

15.4.

Pirelli Tire S.p.A.

15.5.

Trenco Transport and Engineering Co. Š TechSci Research

4

Ta b l e o f C o n t e n t s S. No.

Contents 15.6.

The Goodyear Tire & Rubber Company

15.7.

Yokohama Rubber Company, Limited

15.8.

Maxxis Tire

15.9.

The Falken Tire

15.10.

Lassa Tyres

16.

Strategic Recommendations

17.

Import By Brand, Size and Pricing Analysis

18.

About Us & Disclaimer

Page No.

Š TechSci Research

5

List of Figures

S. No.

Contents

Figure 1:

Egypt Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

Figure 2:

Egypt Automotive Industry Year-on-Year Growth, By Vehicle Type, By Volume, FY2018-FY2019

Figure 3:

Egypt Tire Market Share, By Vehicle Type, By Volume, 2014-2030F

Figure 4:

Egypt Tire Market Share, By Demand Category, By Volume, 2014-2030F

Figure 5:

Egypt Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

Figure 6:

Egypt Tire Market Share, By Region, By Volume, 2018

Figure 7:

Egypt Tire Market Share, By Company, By Volume, 2018

Figure 8:

Egypt Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

Figure 9:

Egypt New Passenger Car Sales (Thousand Units), 2014-2018

Figure 10:

Egypt Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2014-2030F

Figure 11:

Egypt Passenger Car Tire Market Share, By Demand Category, By Volume, 2014-2030F

Figure 12:

Egypt Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

Figure 13:

Egypt Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

Figure 14:

Egypt New Commercial Vehicle Sales (Thousand Units), 2014-2017

Figure 15:

Egypt Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2014-2030F

Figure 16:

Egypt Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2014-2030F

Figure 17:

Egypt Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

Figure 18:

Egypt Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

Figure 19:

Egypt Motorcycle Sales (Thousand Units), 2017 & 2018

Figure 20:

Egypt Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2014-2030F

Figure 21:

Egypt Two-Wheeler Tire Market Share, By Demand Category, By Volume, 2014-2030F

Page No.

List of Figures

S. No.

Contents

Figure 22:

Egypt Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

Figure 23:

Egypt Three-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

Figure 24:

Egypt Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2014-2030F

Figure 25:

Egypt Three-Wheeler Tire Market Share, By Demand Category, By Volume, 2014-2030F

Figure 26:

Egypt Three-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

Figure 27:

Egypt OTR Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

Figure 28:

Egypt OTR Tire Market Share, By Vehicle Type, By Volume, 2014-2030F

Figure 29:

Egypt OTR Tire Market Share, By Demand Category, By Volume, 2014-2030F

Figure 30:

Egypt OTR Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

Figure 31:

Egypt Tire Import, By Volume, 2015–2018 (Million Units)

Figure 32:

Egypt Tire Export, By Volume, 2015–2018 (Million Units)

Figure 33:

Egypt Passenger Car Tire Market Share, By Brand (Import), By Volume, 2018

Figure 34:

Egypt Passenger Car Tire Market Share, By Rim Size, By Volume, 2018

Figure 35:

Egypt Commercial Vehicle Tire Market Share, By Brand (Import), By Volume, 2018

Figure 36:

Egypt Commercial Vehicle Tire Market Share, By Rim Size, By Volume, 2018

Figure 37:

Egypt OTR Tire Market Share, By Brand (Import), By Volume, 2018

Figure 38:

Egypt OTR Tire Market Share, By Rim Size, By Volume, 2018

Figure 39:

Egypt Two-Wheeler Tire Market Share, By Brand (Import), By Volume, 2018

Figure 40:

Egypt Two-Wheeler Tire Market Share, By Rim Size, By Volume, 2018

Figure 41:

Egypt Three-Wheeler Tire Market Share, By Brand (Import), By Volume, 2018

Figure 42:

Egypt Three-Wheeler Tire Market Share, By Rim Size, By Volume, 2018

Page No.

L i s t o f Ta b l e s

Contents

S. No. Table 1:

Major Construction Projects in Egypt, By Sector, By Project Size (USD Billion)

Table 2:

Egypt Prominent Distributor & Dealer List, By Tire Company, 2014

Table 3:

Egypt Passenger Car Tire Price Range, By Rim Size, 2018

Table 4:

Egypt Commercial Vehicle Tire Price Range, By Rim Size, 2018

Table 5:

Egypt OTR Tire Price Range, By Rim Size, 2018

Table 6:

Egypt Two-Wheeler Tire Price Range, By Rim Size, 2018

Table 7:

Egypt Three-Wheeler Tire Price Range, By Rim Size, 2018

Page No.

Research Methodology

Market Profiling

Developing List of Respondents

Formulating Questionnaire

In-depth secondary research was conducted to determine top players in Egypt tire market, overall market size and segmental market size.

In order to conduct interviews with industry experts, TechSci formulated a detailed questionnaire.

List of industry players and industry specialists was developed.

Data Collection

TechSci conducted interviews with industry experts and industry players for data collection and verification.

Data Analysis

Data Validation

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

The data was scrutinized using MS-Excel and statistical tools, such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about Egypt tire market.

Primary Research ✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews

• • •

LinkedIn Industry Interviews TechSci Internal Database

• • • • • • •

Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.

• •

Factiva Hoovers

Desk Research / Secondary Research ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Final Conclusion Data Collection

Data Filter & Analysis

Research & Intelligence

Actionable Insights

Business Solution

Company Analysis / Paid Sources ✓ Market Participants ✓ Key Strengths

© TechSci Research

9

Research Methodology

Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading tire companies operating in Egypt, and subsequently verified information from major dealers/distributors of automobile tires in the country. We also put through an exhaustive search of credible paid databases such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of Egypt tire market.

While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. We use innovative business model that focuses on improving productivity, which ensures creation of high-quality reports.

The reports are prepared with in-depth primary research, followed by exhaustive secondary research.

Primary Research – Company/Dealers & Distributors Interviewed S. No.

1.

2.

3 4.

5.

6.

Company/Dealers & Distributor Names

Few Sources of Secondary Research S. No.

Pirelli Tyre S.p.A. 1.

OICA-International Organization Vehicle Manufacturers

2.

Government Website

3.

Annual Reports

4.

Economic Intelligence Unit (EIU)

5.

IMF

6.

World Bank

Continental AG Bridgestone Corporation The Goodyear Tire & Rubber Company Yokohama Rubber Company, Limited Trenco Transport and Engineering Co.

Secondary Sources

of

Motor

Š TechSci Research

10

Research Methodology

For the preparation of Egypt tire market report, bottom-up model has been used, which has been later cross validated by using top down approach.

Vehicle Sales & Fleet Size The basic data points that are needed for the analysis of Egypt tire market are the historical, current and forecast figures for vehicle sales and fleet size. The data for vehicle sales and fleet size has been extracted through various

secondary sources and credible data portals. TechSci Research has also maintained a database for vehicle sales and fleet size for each vehicle segment (passenger cars, light commercial vehicles, medium & heavy commercial vehicles, two-wheelers, three-wheelers & off-the-road vehicles), which is regularly updated through various primary research surveys and secondary sources such as automotive associations & government publications.

Tire Demand Replacement Tire Sales Replacement tire demand of a particular country is directly dependent on the country’s vehicle fleet size and historical vehicle sales. The replacement demand is, therefore, extracted by multiplying the vehicle fleet with the replacement tire ratio, which is obtained by conducting a series of surveys with car owners to understand the frequency of tire replacement as it varies for different countries depending upon factors such as road conditions, climate, economic and regulatory policies applicable in a country. The replacement ratio is expressed as a percentage. For example, in case of passenger cars, replacement ratio is considered to be 100% if four tires are replaced per vehicle per year.

Š TechSci Research

11

Product Overview

Product Definition Global Tire supplier, Michelin defines Tire as “A precisely engineered assembly of rubber, chemicals, fabric, and metal, designed to provide traction, cushion road shock and carry a load under varying conditions.”

Classification According to Vehicle Type Vehicle Segment

Sub-Segment

Customer Segment

Hatchback Cars Passenger Cars

Sedan Cars

Individuals

SUV Pick-up and Vans Commercial Vehicle (CVs)

Truck

Logistics, Small Business Entrepreneurs and Transport Companies

Bus Mining & Construction Equipment OTR

Agricultural Vehicles/Equipment

Farmers, Construction and Mining Companies, Military and Adventure purposes, Sports & Racing

Other Vehicles (include go-carting, Formula One car, golf cart, etc.)

Two-Wheeler Three-Wheeler

Motorcycle and Scooter/Moped

Individuals

Passenger & Load carrying three-wheeler

Logistics, Small Business Entrepreneurs

© TechSci Research

12

I N D U ST RY B R I E F

According to TechSci Research report, “Egypt Tire Market By Vehicle Type, By Demand Category, By Radial Vs Bias, Competition, Forecast & Opportunities, 2030”, Egypt tire is projected to reach $ 1.8 billion, by the end of 2030. The growth in the market is led by rising tire sales across Egypt as well as growing population and vehicle fleet. In addition to that, the expanding ventures by leading OEM Manufacturers, growing inclination of consumers towards tire market and the growing sales of passenger cars, two-wheelers and commercial vehicles, is further anticipated to compliment the overall tire market in Egypt over the next five years.

With an expanding volume share of around 47% in 2018, passenger car tire segment dominated Egypt tire market, followed by the commercial vehicle tire segment. Dominance of this segment can be attributed to improving economic scenario, growing per capita income, increase in production and sales of passenger cars coupled with rising demand for tires from the replacement segment and imposing ban on used vehicle import.

Rising presence of various companies such as Bridgestone, Michelin, Continental AG, Maxxis, Falken, Trenco, Pirelli, Goodyear, etc., and their continued operations in the tire industry of the country is further anticipated to intensify the Egypt tire market during the next ten years.

“With the aid of foreign direct investment policy in Egypt and technological advancements like pressure monitoring system, fuel efficiency tires along with growing vehicle fleet, the demand for tires is expected to grow in Egypt. Moreover, automotive industry witnessed a healthy sales growth in the last few years and the same trend is expected to continue in the coming years as well, which would further steer growth in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

© TechSci Research

13

S A M P L E D ATA - S N A P S H O T Egypt Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2014-2030F

2014

2015

2016

2017

2018 2019E 2020F 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F 2014

2015

2016

2017

Egypt Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2014-2030F

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

60.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

40.0%

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

2024F

2025F

2026F

2027F

2028F

2029F

2030F

RADIAL

Egypt New Commercial Vehicle Sales (Thousand

BIAS Egypt Tire Import, By Volume, 2015–2018 (Million Units)

Units), 2014-2017

2014

2015

2016

2017

2015

2016

2017

2018

© TechSci Research

14

RE PORT ORDE RING

Report Name: EGYPT TIRE MARKET COMPETITION, FORECAST & OPPORTUNITIES 2014-2030

Report Price License Type

Price

Electronic Access - Single User License

$3450

Electronic Access - Multi-User License

$4450

Custom Research License

$8450

To View Sample OR Purchase Report

© TechSci Research

15

About Us & Disclaimer About Us: TechSci Research is a global market research and consulting company with offices in North America, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved productivity, and also ensures the creation of high-quality reports. The proprietary forecasting models use various analyses of both industryspecific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

Related Reports • Europe Tire Market By Vehicle Type, By Online Vs Offline, By Radial Vs Bias, By Demand Category, By Country, Competition Forecast & Opportunities, 2013 – 2023

• Global Two Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013-2023 • United States Tire Market By Vehicle Type, By Demand Category, By Radial Vs Bias, Competition Forecast & Opportunities, 2013 – 2023

Partial List of Clients

Disclaimer: The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com

TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com

TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com

16