Africa Tire Market Size & Insights
The Africa Tire Market size was valued at around USD 6.35 billion in 2024 and is expected to reach USD 8.34 billion in 2030.
The Africa Tire Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Africa Tire.
What are the Key DROs in the Africa Tire Market?
Rising Vehicle Parc Expansion and Urban Mobility Demands – The Africa tire market is experiencing robust growth, primarily driven by the continuous expansion of the vehicle parc across the continent. As urbanization accelerates and disposable incomes rise, more Africans are purchasing vehicles for both personal and commercial use. This surge in vehicle ownership, especially in passenger cars and light commercial vehicles, directly translates…