Egypt Passenger Car Tire Market Comprehensive Analysis and Forecast 2024 to 2029

Egypt Passenger Car Tire Market Overview: 2024-2029

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2029

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 Egypt Passenger Car Tire Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Egypt Passenger Car Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Egypt Passenger Car Tire Market drivers, barriers, Egypt Passenger Car Tire Market Trends, and Key Players in Egypt Passenger Car Tire Market.

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Egypt Passenger Car Tire Market Dynamics: 2024-2029

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.

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Egypt Passenger Car Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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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Top Companies Operating in the Egypt Passenger Car Tire Market:

Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others.

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