Egypt Truck & Bus Radial Tire Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

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.

Markntel Advisor’s Egypt Truck & Bus Radial Tire Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Egypt Truck & Bus Radial Tire Market drivers, barriers, Egypt Truck & Bus Radial Tire Market Trends, and Key Players in Egypt Truck & Bus Radial Tire Market.

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Egypt Truck & Bus Radial Tire Market Dynamics: 2024-2030

Egypt Truck & Bus Radial Tire Market Driver:

Increasing Government Investments in Infrastructural Development & Urbanization-Related Projects – In the rapidly changing world, every economy wants to grow fast and increase its global presence. Therefore, there is a rising focus on the development of high-class infrastructure & industrial development, and to accommodate a large number of individuals, urbanization plans are also gaining traction in Egypt. In this type of big project, and development plan, there is a requirement for huge raw materials, and for their transportation heavy-duty vehicles are employed. So the demand for trucks is increasing in construction and manufacturing-related projects. On the other hand, for the developed infrastructure and urban settlements, there is an increasing requirement for buses to transport individuals from one place to the other, which ultimately creates the demand for radial tires and augments the growth & expansion of the industry.

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Egypt Truck & Bus Radial Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• By Type of Vehicle
  • Truck-Market Size & Forecast 2019-2030, Unit Sold (Thousand)
  • Bus-Market Size & Forecast 2019-2030, Unit Sold (Thousand)

According to report, In recent years, the truck segment has led the Egypt Truck & Bus Radial Tire Market with the largest market share, and it is estimated that this trend will continue during the forecast period as well.

• 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)

According to report, Among both of these demand types, the largest share is held by the replacement segment.

By Region

• Cairo
• Alexandria
• Giza
• Rest of Egypt

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Top Companies Operating in the Egypt Truck & Bus Radial Tire Market:

• 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.

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