Kenya Two-Wheeler Tire Market Growth, Size, Trends, Business Challenges and Future Outlook: SPER Market Research

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Published: Jul 2024	Report ID: AMIN24160	Pages: 1 - 109	Formats^*:
Category : Automotive & Transportation

Kenya Two-Wheeler Tire Market Introduction and Overview

According to SPER Market Research, the Kenya Two-Wheeler Tire Market is estimated to reach USD XX million by 2033 with a CAGR of 13.27%.

The report includes an in-depth analysis of the Kenya Two-Wheeler Tire Market, including market size and trends, product mix, applications, and supplier analysis. A tyre is a rim-shaped, circular object that transports air. It is made from biological and inorganic components such as steel, rubber, wire, cotton, glass, silica, and wire reinforced with carbon black. A tyre consists of various components, including a bead, bead filler, belts, body ply, inner liner, sidewalls, and tread. There are two types of tyres: tubed and tubeless. Tyres support a vehicle's weight, transfer accelerating and braking energy to the ground, change or maintain direction, and absorb road surface stress, all of which enhance the vehicle's overall performance.

In 2021, Goodyear debuted two further sizes of the ultra-high-performance (UHP) ElectricDrive GT tyre in addition to a new ElectricDrive all-season tyre. The product is mainly intended for commuter touring sedans and crossover utility vehicles. It is equipped with a load index that shows a stronger potential to withstand the heavier weight associated with electric vehicles. The tire's asymmetric tread pattern also helps it handle very well in a variety of weather conditions. In 2022, the company declared that it would launch the Goodyear ElectricDrive GT, which comes in 255/45R19 104W XL size, as part of its intentions to broaden its product line.

Market Opportunities and Challenges

Opportunities- Expansion of Electric Bike Manufacturers into the Country - Kenya's government is increasingly supporting the usage of electric two-wheelers in the country in order to reduce the environmental impact of ICE vehicle emissions. The Kenyan government planned a statewide e-bike initiative in 2023, with ambitions to introduce over 1 million electric motorcycles. As a result, there is a growing demand for electric bikes throughout the country, pushing major businesses such as Bolt, Spiro, and others to expand their manufacturing facilities into Kenya. Thus, the establishment and expansion of electric motorbike manufacturing facilities in African countries, including Kenya, would create several lucrative opportunities in the national market in the coming years.

Challenges- The state of the nation's road conditions and infrastructure is one of the main issues facing the Kenya Tyre Market. Kenya has a large number of roads, particularly in rural regions, that are poorly maintained, have inadequate signage, and have difficult topography. Owners of vehicles replace their tyres more frequently as a result of these conditions' increased wear and tear on the tyres. Both tyre makers and users face difficulties when it comes to the requirement for tyres that can endure severe road conditions. In addition, the Kenyan tyre market continues to be plagued by the influx of inferior and fake tyres. Road safety and consumer safety are seriously jeopardised by these fake tyres, which frequently do not live up to safety and quality standards. These tyres have the potential to damage consumer confidence in the industry, impair car performance, and even cause accidents.

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Market Competitive Landscape

Important market participants are now aggressively implementing strategic plans to fortify and advance their positions within this cutthroat sector. Businesses are also expanding their markets and searching for opportunities elsewhere. The market research report includes a detailed analysis of the industry's competitive environment. The report also includes detailed profiles of every large organisation. In addition to expected profit margins and returns on investment, the research examines project expenses, manufacturing and processing requirements, finance, and economics. Among the major companies in the market are Bridgestone Corporation, Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Dunlop Tyres, MRF, Shinko Tyres, CEAT.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Vehicle Type, By Demand Type, By Price Category, By Tire Type, By Sales Channel
Regions covered	Eastern, Northern, Southern, Western
Companies Covered	Bridgestone Corporation, Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Dunlop Tyres, MRF, Shinko Tyres, CEAT.

COVID-19 Impact on Kenya Two-Wheeler Tire Market

Covid-19 had a negative impact on the two-wheeler tyre industry in Kenya. Due to the region-wide lockdown, the two-wheeler market has been affected by a combination of demand and supply issues. The epidemic had a devastating influence on the economy and enterprises, including lockdowns, travel bans, and business closures. The closure of facilities and factories has had a severe influence on supply chains, manufacturing, delivery schedules, and product sales in the worldwide market. Few businesses have already reported expected delays in product deliveries and a drop in product sales. Furthermore, overall investment plummeted drastically during the lockdown, as did total production and imports of goods and services, causing significant damage to the economy and consumer spending in 2020.

Key Target Audience

Motorcycle Owners
Scooter Owners
Delivery Service Providers
Ride-Hailing Services
Motorcycle Taxi Operators (Boda Boda Riders)
Agricultural Sector Workers
Tourism and Rental Services
Retailers and Distributors
Repair and Maintenance Shops
Fleet Management Companies

Our in-depth analysis of the Kenya Two-Wheeler Tire Market includes the following segments:

By Vehicle Type:	Scooter & Moped Motorcycle
By Demand Type:	OEMs Replacement
By Price Category:	Budget (Up to USD 11 Per Unit) Economy (USD 12 to 30 Per unit) Premium (Above USD 30 Per Unit)
By Tire Type:	Radial Bias
By Sales Channel:	Online Multi-brand Stores Exclusive Outlets Direct

Key Topics Covered in the Report

Kenya Two-Wheeler Tire Market Size (FYâ€™2024-FYâ€™2033)
Overview of Kenya Two-Wheeler Tire Market
Segmentation of Kenya Two-Wheeler Tire Market By Vehicle Type (Scooter & Moped, Motorcycle)
Segmentation of Kenya Two-Wheeler Tire Market By Demand Type (OEMs, Replacement)
Segmentation of Kenya Two-Wheeler Tire Market By Price Category (Budget, Economy, Premium)
Segmentation of Kenya Two-Wheeler Tire Market By Tire Type (Radial, Bias)
Segmentation of Kenya Two-Wheeler Tire Market By Sales Channel (Online, Multi-brand Stores, Exclusive Outlets, Direct)
Statistical Snap of Kenya Two-Wheeler Tire Market
Expansion Analysis of Kenya Two-Wheeler Tire Market
Problems and Obstacles in Kenya Two-Wheeler Tire Market
Competitive Landscape in the Kenya Two-Wheeler Tire Market
Impact of COVID-19 and Demonetization on Kenya Two-Wheeler Tire Market
Details on Current Investment in Kenya Two-Wheeler Tire Market
Competitive Analysis of Kenya Two-Wheeler Tire Market
Prominent Players in the Kenya Two-Wheeler Tire Market
SWOT Analysis of Kenya Two-Wheeler Tire Market
Kenya Two-Wheeler Tire Market Future Outlook and Projections (FYâ€™2024-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Kenya Two-Wheeler Tire Market.

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Kenya Two-Wheeler Tire Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Kenya Two-Wheeler Tire Market

7. Kenya Two-Wheeler Tire Market, By Vehicle Type (USD Million) 2020-2033

7.1. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Scooter & Moped
7.4. Motorcycle

8. Kenya Two-Wheeler Tire Market, By Demand Type (USD Million) 2020-2033

8.1. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Demand Type, 2020-2026
8.2. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Demand Type, 2027-2033
8.3. OEMs
8.4. Replacement

9. Kenya Two-Wheeler Tire Market, By Price Category (USD Million) 2020-2033

9.1. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Price Category, 2020-2026
9.2. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Price Category, 2027-2033
9.3. Budget (Up to USD 11 Per Unit)
9.4. Economy (USD 12 to 30 Per unit)
9.5. Premium (Above USD 30 Per Unit)

10. Kenya Two-Wheeler Tire Market, By Tire Type (USD Million) 2020-2033

10.1. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Tire Type, 2020-2026
10.2. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Tire Type, 2027-2033
10.3. Radial
10.4. Bias

11. Kenya Two-Wheeler Tire Market, By Sales Channel (USD Million) 2020-2033

11.1. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Sales Channel, 2020-2026
11.2. Kenya Two-Wheeler Tire Market Size, Share and Forecast, By Sales Channel, 2027-2033
11.3. Online
11.4. Multi-brand Stores
11.5. Exclusive Outlets
11.6. Direct

12. Kenya Two-Wheeler Tire Market Forecast, 2020-2033 (USD Million)

12.1. Kenya Two-Wheeler Tire Market Size and Market Share

13. Kenya Two-Wheeler Tire Market, By Region, 2020-2033 (USD Million)

13.1. Kenya Two-Wheeler Tire Market Size and Market Share By Region (2020-2026)
13.2. Kenya Two-Wheeler Tire Market Size and Market Share By Region (2027-2033)
13.3. Eastern
13.4. Northern
13.5. Southern
13.6. Western

14. Company Profile

14.1. Bridgestone Corporation

14.1.1. Company details
14.1.2. Financial outlook
14.1.3. Product summary
14.1.4. Recent developments

14.2. Michelin

14.2.1. Company details
14.2.2. Financial outlook
14.2.3. Product summary
14.2.4. Recent developments

14.3. Continental AG

14.3.1. Company details
14.3.2. Financial outlook
14.3.3. Product summary
14.3.4. Recent developments

14.4. Yokohama TWS

14.4.1. Company details
14.4.2. Financial outlook
14.4.3. Product summary
14.4.4. Recent developments

14.5. Pirelli Tyre S.p.A

14.5.1. Company details
14.5.2. Financial outlook
14.5.3. Product summary
14.5.4. Recent developments

14.6. Dunlop Tyres

14.6.1. Company details
14.6.2. Financial outlook
14.6.3. Product summary
14.6.4. Recent developments

14.7. MRF

14.7.1. Company details
14.7.2. Financial outlook
14.7.3. Product summary
14.7.4. Recent developments

14.8. Shinko Tyres

14.8.1. Company details
14.8.2. Financial outlook
14.8.3. Product summary
14.8.4. Recent developments

14.9. CEAT

14.9.1. Company details
14.9.2. Financial outlook
14.9.3. Product summary
14.9.4. Recent developments

14.10. Others

15. Conclusion

16. List of Abbreviations

17. Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Kenya Two-Wheeler Tire Market?

Kenya Two-Wheeler Tire Market is projected to reach USD XX million by 2033, growing at a CAGR of 13.27% during the forecast period.

What is the growth rate of the Kenya Two-Wheeler Tire Market?

Kenya Two-Wheeler Tire Market grew in Market size from 2022. The Market is expected to reach USD XX million by 2033, at a CAGR of 13.27% during the forecast period.

What is the anticipated CAGR of the Kenya Two-Wheeler Tire Market?

Kenya Two-Wheeler Tire Market CAGR of 13.27% during the forecast period.

How can I get a sample report on the Kenya Two-Wheeler Tire Market?

You can get the sample pages by clicking the link - Click Here

What is the Market size of the Kenya Two-Wheeler Tire Market?

Kenya Two-Wheeler Tire Market size is USD XX million from 2024 to 2033.

Which segment is expected to Kenya Two-Wheeler Tire Market?

Kenya Two-Wheeler Tire Market Segment is covered By Vehicle Type, By Demand Type, By Price Category, By Tire Type, By Sales Channel.

Which region is expected to have the highest Market share in the Kenya Two-Wheeler Tire Market?

The Africa is anticipated to have the highest Market share in the Kenya Two-Wheeler Tire Market.

Who are the key players in Kenya Two-Wheeler Tire Market?

The key players in the Market include Companies Covered Bridgestone Corporation, Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Dunlop Tyres, MRF, Shinko Tyres, CEAT.

What is the conclusion of the Kenya Two-Wheeler Tire Market?

A tyre is a rim-shaped, circular object that transports air. It is made from biological and inorganic components such as steel, rubber, wire, cotton, glass, silica, and wire reinforced with carbon black.