Egypt Truck & Bus Radial Tire Market Set to Grow at 3.5% CAGR by 2030

Egypt Truck Bus Radial Tire Market Overview:

According to MarkNtel Advisors study the Egypt Truck Bus Radial Tire Market size is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-30. The market is proliferating due to the country’s high and rapid growth of the projects related to the development of infrastructure, and rapid industrialization and urbanization, which ultimately augments the demand for high-performance radial tires and thrives the Egypt Truck Bus Radial Tire Market. Both vehicles buses and trucks have their application in different areas such as public transport, general cargo, chemical transportation, building construction, agriculture dairy transportation. The radial tires come in different price categories budget, economy, and premium. And, the use of radial tires is promoted due to their greater performance, durability, and not so high price than bias tires.

Key Findings of the Study: Egypt Truck Bus Radial Tire market

Egypt Truck Bus Radial Tire Market Opportunity:

Increasing Adoption of Electric Buses Trucks Offering Ample Growth Opportunities – These days rising awareness and environmental concerns are persuading regional governments and global organizations to think about solutions that are eco-friendly and sustainable for the environment and will help in cutting the emission of carbon other harmful gases. E-mobility or the adoption of electric vehicles across the globe and regional economies is promoted, Egypt is no exception to this, therefore Electric buses and trucks are starting to gain traction in the country, not yet able to come locally for the public, but increasing investment towards E-mobility will surely help in boosting the market for electric buses and trucks in the future.

For heavy-duty vehicles, there is a requirement for durable and efficient tires, and this requirement is fulfilled by radial tires. In heavy-duty vehicles, like trucks and buses, special attention is given to the efficient and best solutions, and radial tires being better to use in these, durable, and comparatively not so costly than bias tires, are preferred to use. Thus, the promotion of electric buses and trucks in the country will certainly help in the significant expansion of the Egypt Tire Buses Radial Tire Market.

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Scope of the Egypt Truck Bus Radial Tire Market Report Segmentation

-By Type of Vehicle

Truck-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Bus-Market Size Forecast 2019-2030, Unit Sold (Thousand)

-By Application

Public Transport-Market Size Forecast 2019-2030, Unit Sold (Thousand)
General Cargo Transport-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Chemicals Transportation-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Building Construction -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Others (Agriculture Transportation, Dairy Transport, etc.) -Market Size Forecast 2019-2030, Unit Sold (Thousand)

-By Price Category

Budget -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Economy -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Premium -Market Size Forecast 2019-2030, Unit Sold (Thousand)

-By Tire Size

Tire Size 1 -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Tire Size 2 -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Tire Size 3 -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Tire Size 4-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Tire Size 5 -Market Size Forecast 2019-2030, Unit Sold (Thousand)

-By Sales Channel

Direct Sales-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Online-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Multi-brand Stores -Market Size Forecast 2019-2030, Unit Sold (Thousand)
Exclusive Outlets -Market Size Forecast 2019-2030, Unit Sold (Thousand)

-By Demand Type

OEM-Market Size Forecast 2019-2030, Unit Sold (Thousand)
Replacement-Market Size Forecast 2019-2030, Unit Sold (Thousand)

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Geographical analysis:

-By Region

Cairo
Alexandria
Giza
Rest of Egypt

Egypt Truck Bus Radial Tire Industry Recent Development:

2024: Prometeon Tyre Group launched its first ever branded tires- the series 02 to carry Prometeon branding in a special ceremony in the shadow of the Giza pyramids in Egypt. These tires will initially be produced at the company’s Alexandria plant and then will be available for the market in Egypt and other MENA nations.
2023: Bridgestone has elevated its commitment to sustainable mobility and digital transformation in the MENA Region, discussed advancements in sustainable EV infrastructure development, adoption of EVs for economic diversification, and increased energy independence during its participation in the Middle East and North Africa Electric Vehicle Show (MENA EV Show).

Current Landscape of Egypt Truck Bus Radial Tire Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Egypt Truck Bus Radial Tire market. The research report profiles major players, including

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Bridgestone Corporation
Michelin
Continental AG
The Goodyear Tire Rubber Company
The Yokohama Rubber Company Ltd.
Dunlop Tire
Prometeon Tyre Group S.r.l.
Trenco Transport and Engineering Co.
Triangle Tire Co.
Others

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