Africa Tire Market Forecast 2030: Key Players and Emerging Trends
Future of Executive Summary Africa Tire Market: Key Dynamics, Size & Share Analysis 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. Along with this, the market is estimated to grow at a CAGR of around 4.65% during the forecast period, i.e., 2025-30. The growth of the market would be fueled primarily by the rapidly increasing vehicle fleet across different countries in Africa, owing to the burgeoning interest of people in private ownership of vehicles. Top Market Challenges Impacting the Africa Tire Market Growth Prevalence of Substandard and Used Tires Undermines Market Quality and Safety – A significant challenge facing the Africa tire market is the widespread availability and use of substandard and second-hand tires, which undermines both market quality and road safety. The proliferation of these low-quality tires not only erodes brand loyalty and consumer trust but also poses serious s...