Angola Tire Market - By Vehicle (Passenger Car, Light Commercial Vehicle, Buses and Trucks, Medium & Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler); By Demand (OEM, Replacement); By Tire (Radial, Bias); By Sales Channel (Deale
Description
Angola Tire Market - By Vehicle (Passenger Car, Light Commercial Vehicle, Buses and Trucks, Medium & Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler); By Demand (OEM, Replacement); By Tire (Radial, Bias); By Sales Channel (Dealer/Exclusive Outlets, Online, Others); By Rim Diameter (Up to 12”, 12.1” to 15”, 15.1” to 18”, 18.1” to 20”, Above 20”); By Price (Low (Up to USD 90), Medium (USD 91–140), High (Above USD140)); By Season (Summer, Winter, All Seasons), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Angola Tire Market Size Expanding at Impressive CAGR of 11.7% During the Forecast Period
Angola tire market is flourishing due to an increasing need for tires for industrial equipment, such as earthmoving and material handling. As a result, tires are being driven by an increased government focus on infrastructure expansions related to highways and railway stations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Angola tire market size to grow at an impressive CAGR of 11.69% by 2029. The primary drivers driving the expansion of the Angola Tire Market are rising sales of passenger, luxury, and electric cars (EVs) as a result of rapid urbanization and rising consumer purchasing power. Demand for premium-grade tires with a longer operational life improved stability and reliability, and exceptional puncture resistance is growing as a result of greater attention to driver and passenger safety as well as an increase in fatal traffic accidents. Major players are introducing airless, light, and 3D-printed versions. Much effort is being placed into recovering and recycling old Tires to decrease their environmental impact and save a substantial portion of the energy needed to make new Tires. More transportation and logistical tasks are being accomplished to deliver shipments on time. It, in turn, is expected to promote the market expansion. A rise in the agricultural output is expected to offer significant room for expansion for Angola tire market.
Angola Tire Market – Overview
A tire is a ring-shaped, circular car component that surrounds a wheel rim and is filled with pressurized air. Wire, silica, carbon black, steel, rubber, either natural or synthetic, and other materials are used to make it. It stabilizes the vehicle by lessening vibrations and enhancing shock absorption while transferring the weight of the vehicle from the axle to the ground. It enhances the vehicle's efficiency, mileage, passenger safety, and wear and tear. It is currently often accessible in several sizes and versions depending on the type of vehicle.
Angola Tire Market – By Demand
On the basis of demand, Angola tire market is segmented into OEM and Replacement. The OEM segment holds a higher share of the market, and it is expected that this trend will persist during 2023–2029. OEMs are aggressively investing money in R&D to produce tires that are lightweight, environmentally friendly, and meet regulatory requirements. OEM tires are always of the highest caliber and can be used for a variety of purposes. It operates brilliantly outside of the showroom due to its design goals of being quiet, strong, and useful on the road. Therefore, it is expected that the OEM market segment would dominate the sector in the years to come.
Competitive Landscape
Major companies in Angola tire market include Bridgestone Corp., Continental Tires, Dayton Tires, Firestone Tires, BF Goodrich Tires, Cooper Tires, Dunlop Tires, Goodyear, Hankook, and Kumho Tires. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Angola Tire Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Angola Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Angola Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Angola Tire Market Size Expanding at Impressive CAGR of 11.7% During the Forecast Period
Angola tire market is flourishing due to an increasing need for tires for industrial equipment, such as earthmoving and material handling. As a result, tires are being driven by an increased government focus on infrastructure expansions related to highways and railway stations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Angola tire market size to grow at an impressive CAGR of 11.69% by 2029. The primary drivers driving the expansion of the Angola Tire Market are rising sales of passenger, luxury, and electric cars (EVs) as a result of rapid urbanization and rising consumer purchasing power. Demand for premium-grade tires with a longer operational life improved stability and reliability, and exceptional puncture resistance is growing as a result of greater attention to driver and passenger safety as well as an increase in fatal traffic accidents. Major players are introducing airless, light, and 3D-printed versions. Much effort is being placed into recovering and recycling old Tires to decrease their environmental impact and save a substantial portion of the energy needed to make new Tires. More transportation and logistical tasks are being accomplished to deliver shipments on time. It, in turn, is expected to promote the market expansion. A rise in the agricultural output is expected to offer significant room for expansion for Angola tire market.
Angola Tire Market – Overview
A tire is a ring-shaped, circular car component that surrounds a wheel rim and is filled with pressurized air. Wire, silica, carbon black, steel, rubber, either natural or synthetic, and other materials are used to make it. It stabilizes the vehicle by lessening vibrations and enhancing shock absorption while transferring the weight of the vehicle from the axle to the ground. It enhances the vehicle's efficiency, mileage, passenger safety, and wear and tear. It is currently often accessible in several sizes and versions depending on the type of vehicle.
Angola Tire Market – By Demand
On the basis of demand, Angola tire market is segmented into OEM and Replacement. The OEM segment holds a higher share of the market, and it is expected that this trend will persist during 2023–2029. OEMs are aggressively investing money in R&D to produce tires that are lightweight, environmentally friendly, and meet regulatory requirements. OEM tires are always of the highest caliber and can be used for a variety of purposes. It operates brilliantly outside of the showroom due to its design goals of being quiet, strong, and useful on the road. Therefore, it is expected that the OEM market segment would dominate the sector in the years to come.
Competitive Landscape
Major companies in Angola tire market include Bridgestone Corp., Continental Tires, Dayton Tires, Firestone Tires, BF Goodrich Tires, Cooper Tires, Dunlop Tires, Goodyear, Hankook, and Kumho Tires. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Angola Tire Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Angola Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Angola Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
240 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Angola Tire Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Rise in Online Sales
- 3.1.2.2. Increasing Penetration of Chinese Tire
- 3.1.3. Restraints
- 3.1.3.1. Puncture case is High
- 3.1.4. Opportunities
- 3.1.4.1. Increase in Vehicle Production
- 3.1.4.2. Advancements in Technology
- 3.1.5. Challenges
- 3.1.5.1. Develop Anti-Puncture Tire
- 3.2. Technology Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
- 4. Angola Tire Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Vehicle
- 4.2.1.1. Passenger Car
- 4.2.1.2. Light Commercial Vehicle
- 4.2.1.3. Buses and Trucks
- 4.2.1.4. Medium and Heavy Commercial Vehicles
- 4.2.1.5. Off the Road (OTR)
- 4.2.1.6. Two Wheelers
- 4.2.1.7. Three Wheeler
- 4.2.2. By Demand
- 4.2.2.1. OEM
- 4.2.2.2. Replacement
- 4.2.3. By Tire
- 4.2.3.1. Radial
- 4.2.3.2. Bias
- 4.2.4. By Sales Channel
- 4.2.4.1. Dealer/Exclusive Outlets
- 4.2.4.2. Online
- 4.2.4.3. Others
- 4.2.5. By Rim Diameter
- 4.2.5.1. Up to 12”
- 4.2.5.2. 12.1” to 15”
- 4.2.5.3. 15.1.” to 18”
- 4.2.5.4. 18.1” to 20”
- 4.2.5.5. Above 20”
- 4.2.6. By Price
- 4.2.6.1. Low (Up to USD90)
- 4.2.6.2. Medium (USD 91–140)
- 4.2.6.3. High (Above USD 140)
- 4.2.7. By Season
- 4.2.7.1. Summer
- 4.2.7.2. Winter
- 4.2.7.3. All Seasons
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Angola Tire Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid-19 on Angola Tire Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Bridgestone Corp.
- 7.2. Continental Tires
- 7.3. Dayton Tires
- 7.4. Firestone Tires
- 7.5. BF Goodrich Tires
- 7.6. Cooper Tires
- 7.7. Dunlop Tires
- 7.8. Goodyear
- 7.9. Hankook
- 7.10. Kumho Tires
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information in case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Angola Tire Segmentation
- Figure 2 Angola Tire Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Angola Tire Market Size, By Value (USD Million), 2019–2029
- Figure 5 Angola Tire Market Share, By Vehicle, By Value, 2019–2029
- Figure 6 Angola Tire Market Share, By Demand, By Value, 2019–2029
- Figure 7 Angola Tire Market Share, By Tire, By Value, 2019–2029
- Figure 8 Angola Tire Market Share, By Sales Channel, By Value, 2019–2029
- Figure 9 Angola Tire Market Share, By Rim Diameter, By Value, 2019–2029
- Figure 10 Angola Tire Market Share, By Price, By Value, 2019–2029
- Figure 11 Angola Tire Market Share, By Season, By Value, 2019–2029
- List of Tables
- Table 1 Angola Tire Market Size, By Value (USD Million), 2019–2029
- Table 2 Angola Tire Market Size, By Vehicle, By Value, 2019–2029
- Table 3 Angola Tire Market Size, By Demand, By Value, 2019–2029
- Table 4 Angola Tire Market Size, By Tire, By Value, 2019–2029
- Table 5 Angola Tire Market Size, By Sales Channel, By Value, 2019–2029
- Table 6 Angola Tire Market Size, By Rim Size, By Value, 2019–2029
- Table 7 Angola Tire Market Size, By Price, By Value, 2019–2029
- Table 8 Angola Tire Market Size, By Season, By Value, 2019–2029
- Table 9 Bridgestone Corp. Company Overview
- Table 10 Bridgestone Corp. Financial Overview
- Table 11 Continental Tires Company Overview
- Table 12 Continental Tires Financial Overview
- Table 13 Dayton Tires Company Overview
- Table 14 Dayton Tires Financial Overview
- Table 15 Firestone Tires Company Overview
- Table 16 Firestone Tires Financial Overview
- Table 17 BF Goodrich Tires Company Overview
- Table 18 BF Goodrich Tires Financial Overview
- Table 19 Cooper Tires Company Overview
- Table 20 Cooper Tires Financial Overview
- Table 21 Dunlop Tires Company Overview
- Table 22 Dunlop Tires Financial Overview
- Table 23 Goodyear Company Overview
- Table 24 Goodyear Financial Overview
- Table 25 Hankook Company Overview
- Table 26 Hankook Financial Overview
- Table 27 Kumho Tires Company Overview
- Table 28 Kumho Tires Financial Overview
Pricing
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