Nigeria Tire Market Comprehensive Analysis and Forecast 2025 to 2030
Nigeria Tire Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020–23
Forecast Years: 2025-2030
The Nigeria Tire Market is estimated to grow at a CAGR of around 3.45% during the forecast period, i.e., 2025-30. The Nigeria 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 Nigeria Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Nigeria Tire Market drivers, barriers, Nigeria Tire Market Trends, and Key Players in Nigeria Tire Market.
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Nigeria Tire Market Dynamics: 2025-2030
Nigeria Tire Market Key Driver:
Rising Traffic Congestion & the Increased Use of Two-wheelers by Urban Residents and Enterprises Boosts the Market Growth- The Nigeria Tire Market is mainly driven by the increasing congestion of traffic and increased usage of two-wheelers by urban residents and enterprises. The rising problem of traffic congestion in Nigerian cities has become a major issue in recent years. Consequently, people in the cities are turning to substitute modes of transportation like two-wheelers in order to traffic congestion. As more individuals use scooters and motorbikes to navigate traffic congestion, the number of these vehicles on the road increases. The growth in the usage of two-wheelers increases the demand for tires, both for new vehicles and replaced worn-out tires.
Furthermore, the two-wheeler industry in Nigeria has grown rapidly, primarily in the commercial sector. There are several countries in the countries that have started providing shared mobility services on two-wheelers. As a result, a surge in the adoption of two-wheelers for commercial applications, sales have increased notably across the country. Therefore, the demand for two-wheeler tires has increased in Nigeria. Thus, it is anticipated that the size and volume of the Nigeria Tire Market will increase in the upcoming years as well.
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Nigeria Tire Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type of Vehicles
-Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
-Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
-Medium and Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
-Off the Road (OTR) - Market Size & Forecast 2020-2030, Thousand Units
-Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units
Here, Passenger Cars are anticipated to lead the tire market of Nigeria by occupying a prominent share.
By Demand Category
-OEM- Market Size & Forecast 2020-2030, Thousand Units
-Aftermarket- Market Size & Forecast 2020-2030, Thousand Units
-By Type of Tire
-Radial- Market Size & Forecast 2020-2030, Thousand Units
-Bias- Market Size & Forecast 2020-2030, Thousand Units
By Sales Channel
-Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
-Exclusive Outlets & Multi-brand Stores- Market Size & Forecast 2020-2030, Thousand Units
-Online- Market Size & Forecast 2020-2030, Thousand Units
By Price Category
-Budget- Market Size & Forecast 2020-2030, Thousand Units
-Economy- Market Size & Forecast 2020-2030, Thousand Units
-Premium- Market Size & Forecast 2020-2030, Thousand Units
By Tire Size
-Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units
By Region
-East
-West
-North
-South.
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Top Companies Operating in the Nigeria Tire Market:
-Continental AG
-Bridgestone Corporation
-Pirelli & C. S.p.A.
-Yokohama Rubber Company Limited
-Hankook Tire Co., Ltd.
-Goodyear Tire & Rubber Company
-Zhongce Rubber Group
-Michelin Group
-Kumho Tire
-Triangle Tyre Co.
Recent Dove.
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