Nigeria Two-Wheeler Tire Market Size and Growth Analysis: 2024-2030 Forecast
MarkNtel Advisors recently published a detailed industry analysis of the Nigeria Two-Wheeler Tire Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Nigeria Two-Wheeler Tire Market (2024-2030)
The Nigeria Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 8.64% during the forecast period, i.e., 2024–30.
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Nigeria Two-Wheeler Tire Market Driver:
Growing Adoption of Electric Two-Wheelers Driving the Market – Nigeria is battling growing air pollution, energy security concerns, and a gradual increase in carbon emissions. Nigeria has the highest population-weighted annual average PM2.5 concentrations, as per the State of Global Air 2021. To mitigate air pollution & carbon emissions, consumers in the country are increasingly inclined towards electric two-wheelers, as they contribute to a cleaner and greener transportation system. Further, government policies and initiatives aimed at promoting sustainable and eco-friendly transportation owing to reduced oil imports and reduced carbon emissions play a crucial role in the adoption of electric two-wheelers. Incentives such as tax benefits, subsidies, and favorable regulations for electric vehicles encourage consumers to choose electric two-wheelers. As a result, electric two-wheeler manufacturers such as Hero, Revolt, etc. in the country are ramping up their production & expanding their market to Nigeria. For instance,
In 2024, Spiro, Africa's largest electric vehicle (EV) player, is excited to announce its expansion into Nigeria, introducing innovative electric bikes and advanced battery-swapping technology in Ogun Province.
What segments define the Nigeria Two-Wheeler Tire market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
-By Vehicle Type
-Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
-Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
-By Demand Type
-OEMs- Market Size & Forecast 2019-2030, Thousand Units
-Replacement- Market Size & Forecast 2019-2030, Thousand Units
-By Tire Type
-Radial- Market Size & Forecast 2019-2030, Thousand Units
-Bias- Market Size & Forecast 2019-2030, Thousand Units
-By Price Category
-Budget (Up to USD11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
-Economy (USD12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
-Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units
-By Sales Channel
-Online- Market Size & Forecast 2019-2030, Thousand Units
-Multi Brand Stores - Market Size & Forecast 2019-2030, Thousand Units
-Exclusive Outlets - Market Size & Forecast 2019-2030, Thousand Units
-Others - Market Size & Forecast 2019-2030, Thousand Units
-By Tire Size
-80/100-17- Market Size & Forecast 2019-2030, Thousand Units
-100/90-17- Market Size & Forecast 2019-2030, Thousand Units
-2.75 x 17 - Market Size & Forecast 2019-2030, Thousand Units
-2.75-18- Market Size & Forecast 2019-2030, Thousand Units
-3.00 x 17 50- Market Size & Forecast 2019-2030, Thousand Units
-3.00 - 18- Market Size & Forecast 2019-2030, Thousand Units
-90/90 - 17- Market Size & Forecast 2019-2030, Thousand Units
-Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 - 17 etc.) - Market Size & Forecast 2019-2030, Thousand Units
-By Region
-Midwest
-North
-East
-West
Explore the Complete Nigeria Two-Wheeler Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/nigeria-two-wheeler-tire-market.html
Who are the leading key players shaping the Nigeria Two-Wheeler Tire Market landscape?
Bridgestone Corporation, The Goodyear Tire & Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A., Apollo Tire, JK Tire, CEAT, Others
Questions Addressed in this Study
1.What factors are driving the Nigeria Two-Wheeler Tire Market growth?
2.What are the key insights into the current trends in the Nigeria Two-Wheeler Tire Market?
3.What is the current size of the Nigeria Two-Wheeler Tire Market, and how is it projected to change in the future?
4.What is the future outlook for the Nigeria Two-Wheeler Tire Market in terms of technological advancements and market expansion?
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