Egypt Passenger Car Tire Market Trend, Size, Companies, Top Player, and Outlook 2024-29

irenegarcia

posted on 5 days ago — updated on 1 second ago

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The Egypt Passenger Car Tire Market is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29.

Egypt Passenger Car Tire Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Egypt Passenger Car Tire market. The research report on the Egypt Passenger Car Tire Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “Egypt Passenger Car Tire Market is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29.

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Egypt Passenger Car Tire Market Opportunity:

Growing Demand for Electric and Hybrid Cars – In recent years, there has been a significant rise in carbon emissions owing to rapid industrialization and the rising inclination of consumers towards personal transportation. According to the International Energy Association (IEA), in 2021, the annual carbon dioxide emission reached approximately 249.62 million tonnes, an increase of about 6% compared to 2020. These carbon emissions lead to environmental issues like climate change, biodiversity loss, and health hazards like respiratory diseases. As a result, the government of Egypt laid down initiatives & plans such as the National Climate Change Strategy 2050, to encourage the adoption of sustainable transportation, i.e., electric cars to minimize carbon emissions.

Egypt Passenger Car Tire Market Segment & Geography [2024-29]

The Egypt Passenger Car Tire market is segmented into significant segments based on Geography.

-By Vehicle Type

Sedan- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
SUV- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Hatchback-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Demand Type

OEM - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Aftermarket - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Sales Channel

Direct Sales- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Online- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Tire Type

Radial- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Bias- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Tire Size

Tire Size 1- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 2- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 3-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 4-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Tire Size 5-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Price Category

Budget- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Economy- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Premium- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

-By Season

Summer- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
Winter- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
All-Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

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Geographical Analysis

-By Region

East
West

Top Companies Essentially Working in Egypt Passenger Car Tire Market

Bridgestone Corporation
Michelin
Continental AG
Pirelli Tyre S.p.A
Trenco Transport and Engineering Co.
Goodyear Tire and Rubber Company
Falken Tyres
Lassa Tyres
Maxxis Tire
Yokohama Rubber Company Limited
Other

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & Egypt Passenger Car Tire adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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