South Africa Two-Wheeler Market Poised for Robust Growth, forecasted to Expand at 6.89% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The South Africa Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 6.89% during the forecast period, i.e., 2024-30.

Report Coverage

This report offers a comprehensive analysis of the South Africa Two-Wheeler Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

South Africa Two-Wheeler Market Overview

The market growth is driven by increased adoption by the middle class & businesses, demand from e-commerce, etc. South Africa witnessed a growing shift of consumers towards personal mobility at a competitive cost, especially from the middle-income group. This fueled the market size & volume of two-wheeler tires in the country, as they offer greater flexibility in comparison to public transport, which has led to a surge in their sales across the country. According to the Association of Motorcycle Importers and Distributors (Amid), motorcycle sales in December 2022 increased by around 18.4% compared to the same period in 2021 in South Africa. Thus, the growing use of two-wheelers for daily commuting purposes has resulted in a rise in tire wear & tear due to the poor road infrastructure in the country, thereby contributing to a higher demand for two-wheeler tires.

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South Africa Two-Wheeler Market Segmentation Outlook

The South Africa Two-Wheeler is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Vehicle Type

• Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
• Motorcycle- Market Size & Forecast 2019-2030, Thousand Units

By Demand Type

• OEMs- Market Size & Forecast 2019-2030, Thousand Units
• Replacement- Market Size & Forecast 2019-2030, Thousand Units

By Tire Type

• Radial- Market Size & Forecast 2019-2030, Thousand Units
• Bias- Market Size & Forecast 2019-2030, Thousand Units

By Price Category

• Budget (Up to USD11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
• Economy (USD12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
• Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units

By Sales Channel

• Online- Market Size & Forecast 2019-2030, Thousand Units
• Multi Brand Stores - Market Size & Forecast 2019-2030, Thousand Units
• Exclusive Outlets - Market Size & Forecast 2019-2030, Thousand Units
• Direct Sales- Market Size & Forecast 2019-2030, Thousand Units

By Tire Size

• 120/70 R 19- Market Size & Forecast 2019-2030, Thousand Units
• 170/60/17- Market Size & Forecast 2019-2030, Thousand Units
• 90/90-12- Market Size & Forecast 2019-2030, Thousand Units
• 120/70-12- Market Size & Forecast 2019-2030, Thousand Units
• Others (90/80-17, 90/90-21, etc.)- Market Size & Forecast 2019-2030, Thousand Units

By Region

• East
• Central
• North
• South
• West

South Africa Two-Wheeler Market Opportunity

South Africa's Rising Middle-Class Population to Offer Lucrative Opportunities – Over the past three decades, South Africa has witnessed a remarkable threefold increase in its middle-class population, elevating one in every three individuals above the poverty line. According to the World Bank, the middle-class population in South Africa has increased to around 6 million in 2022 from about 5.7 million in 2019. This demographic shift is reshaping consumer patterns & providing lucrative opportunities for the two-wheeler tire industry across the region. Besides, with a burgeoning middle class, there is a notable increase in disposable income. This rise in purchasing power authorizes more individuals to consider personal modes of transportation, such as motorcycles & mopeds, contributing to a heightened demand for two-wheeler tires.

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Top South Africa Two-Wheeler Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Continental AG, Maxxis Tyres, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Sumitomo Rubber Industries, MRF, CEAT, and otherOthers as key players shaping the market landscape.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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