Algeria Tyre Market Forecast and Opportunities, 2020
Algeria’s automotive market is one of the largest automotive markets in Africa. The tyre market in the country has been growing over the last five years on account of increasing demand for automobiles, especially passenger cars. Due to lack of domestic automobile production facilities, Algeria tyre market is completely dominated by replacement tyre segment. Consequently, the tyre market in the country is totally import-dependent, with majority of the tyres being imported from China, Japan, South Korea and Indonesia. One of the major challenges for Algeria automotive market is that the entire manufacturing sector in the country has been suffering from Dutch Disease, as a result of which, manufacturers are apprehensive of establishing production facilities in the country.
According to “Algeria Tyre Market Forecast & Opportunities, 2020, tyre market in Algeria is forecast to grow at a CAGR of over 6% through 2020. Passenger car tyre market is the dominant segment in the country’s tyre market, followed by commercial vehicle tyre and two-wheeler tyre segments. Passenger car sales increased at a CAGR of 12% during 2010-2014, consequently promising strong growth in the demand for passenger car replacement tyres over the next few years. In addition, Northern region comprising Algiers and Oran, accounted for majority of the overall tyre demand in the country, and the region is expected to continue its market dominance over the forecast period as well. The country tyre market is predominantly dominated by Chinese tyre brands. These players are substantially larger than other suppliers and primarily cater to the demand for replacement tyres in the country. “Algeria Tyre Market Forecast & Opportunities, 2020” discusses the following aspects:
To gain an in-depth understanding of tyre market in Algeria
To identify the on-going trends and segment wise anticipated growth in the next five years
To help industry consultants, tyre companies and other stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing material
To gain competitive knowledge of leading market players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tyre distributors and retailers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Please Note: Printing is not available on single-user licenses.