Nigeria Two-Wheeler Tire Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Nigeria Two-Wheeler Tire Market Size- By Vehicle Type, By Demand Type, By Tire Type, By Price Category, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN24103 | Pages: 1 - 105 | Formats*: |
| Category : Automotive & Transportation | |||
Nigeria Two-Wheeler Tire Market Introduction and Overview
According to SPER Market Research, the Nigeria Two-Wheeler Tire Market is estimated to reach USD XX Billion by 2033 with a CAGR of 8.5%.
The report includes an in-depth analysis of the Nigeria Two-Wheeler Tire Market, including market size and trends, product mix, applications, and supplier analysis. Two-wheeler tyres are specially designed tyres for two-wheeled vehicles like motorcycles, scooters, bicycles, and mopeds. These tyres are vital to the two-wheeled vehicle's overall safety and performance since they provide grip, stability, and control to the rider.
- In 2024: Spiro, Africa's largest electric vehicle (EV) player, plans to expand into Nigeria, offering innovative electric bikes and smart battery-swapping technologies in Ogun Province.
- In 2022: Uber stated that it would add a motorbike component, UberMoto, to its Nigerian product offering.
Market Opportunities and Challenges
The market's growth is primarily driven by rising traffic congestion and the increased use of two-wheelers by urban residents and enterprises, among other factors. The growing problem of traffic congestion in Nigerian cities such as Lagos and Kano has become a major worry in recent years. As a result, people in these cities are turning to alternative modes of transportation, such as two-wheelers, to avoid traffic congestion. As more individuals use motorbikes and scooters to navigate traffic congestion, the number of these vehicles on the road grows. This increase in two-wheeler usage raises the demand for tyres, both for new vehicles and to replace worn-out ones.
Furthermore, the two-wheeler market in Nigeria has grown rapidly, especially in the commercial sector. Many companies in the country have started offering shared mobility services on two-wheelers. Furthermore, companies like Chowdeck and Gofood have expanded their food delivery services across Nigeria. These platforms mostly use scooters and motorbikes for delivery services, leveraging their convenience and manoeuvrability. As a result of the spike in the adoption of two-wheelers for commercial applications, sales have increased significantly across the country. As a result, as commercial motorcycle sales increase, so will demand for two-wheeler tyres in Nigeria. This is expected to increase the size and volume of the Nigeria Two-Wheeler Tyre Market throughout the forecast period.
However, Nigeria is dealing with an increasing problem of illicit two-wheeler tyre traffic, which is characterised by deceptive techniques such as misdeclaration and rerouting to avoid duties. The rise of such illicit trade is mostly due to certain businesses and people engaging in deceptive techniques or using other routes to circumvent the legal and financial duties related with tyre imports. The growing illegal trade in two-wheeler tyres is increasing the prevalence of counterfeit products in the region and creating unfair competition throughout the market. Thus, increased illegal trade operations in Nigeria would have a substantial impact on the market's future growth and expansion. Moreover, fluctuating raw material prices, driven by scarcity of natural rubber and rising oil prices, hinder the two-wheeler tire market due to its dependence on crude derivatives.
Market Competitive Landscape
The major key players in the Nigeria Two-Wheeler Tire Market are: Apollo Tire, Bridgestone Corporation, CEAT, Continental AG, The Goodyear Tire & Rubber Company (Dunlop), JK Tire, Michelin, Pirelli Tyre S.p.A., Yokohama TWS (Mitas), Others.
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 Tire Type, By Price Category, By Sales Channel |
| Regions covered | East Region, Midwest Region, North Region, West Region |
| Companies Covered | Apollo Tire, Bridgestone Corporation, CEAT, Continental AG, The Goodyear Tire & Rubber Company (Dunlop), JK Tire, Michelin, Pirelli Tyre S.p.A., Yokohama TWS (Mitas), Others |
COVID-19 Impact on Nigeria Two-Wheeler Tire Market
The COVID-19 epidemic had a wide-ranging impact on the market. Several two-wheeler tyre producers are having difficulty acquiring raw materials because the supply chain has been interrupted due to the imposed shutdown. However, prohibitions have been removed in several parts of the world, resulting in increased market expansion.
Key Target Audience:
- Automotive aftermarket retailers and distributors
- Dealerships and service centres specializing in two-wheelers
- Government agencies responsible for transportation and road safety regulations
- Investors and stakeholders interested in the automotive industry
- Research and development organizations focusing on tire technology and innovation
- Riders and owners of motorcycles, scooters, and bicycles
- Tire manufacturers and suppliers
- Two-wheeler manufacturers
- Others
Our in-depth analysis of the Nigeria Two-Wheeler Tire Market includes the following segments:
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| By Demand Type: |
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| By Tire Type: |
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| By Price Category: |
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| By Sales Channel: |
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Key Topics Covered in the Report:
- Nigeria Two-Wheeler Tire Market Size (FY’2024-FY’2033)
- Overview of Nigeria Two-Wheeler Tire Market
- Segmentation of Nigeria Two-Wheeler Tire Market By Vehicle Type (Motorcycle, Scooter and Moped)
- Segmentation of Nigeria Two-Wheeler Tire Market By Demand Type (OEMs, Replacement r)
- Segmentation of Nigeria Two-Wheeler Tire Market By Tire Type (Bias, Radial)
- Segmentation of Nigeria Two-Wheeler Tire Market By Price Category (Budget, Economy, Premium)
- Segmentation of Nigeria Two-Wheeler Tire Market By Sales Channel (Exclusive Outlets, Multi Brand Stores, Online, Others)
- Statistical Snap of Nigeria Two-Wheeler Tire Market
- Expansion Analysis of Nigeria Two-Wheeler Tire Market
- Problems and Obstacles in Nigeria Two-Wheeler Tire Market
- Competitive Landscape in the Nigeria Two-Wheeler Tire Market
- Impact of COVID-19 and Demonetization on Nigeria Two-Wheeler Tire Market
- Details on Current Investment in Nigeria Two-Wheeler Tire Market
- Competitive Analysis of Nigeria Two-Wheeler Tire Market
- Prominent Players in the Nigeria Two-Wheeler Tire Market
- SWOT Analysis of Nigeria Two-Wheeler Tire Market
- Nigeria Two-Wheeler Tire Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Nigeria Two-Wheeler Tire Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Nigeria Two-Wheeler Tire Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Nigeria Two-Wheeler Tire Market
7. Nigeria Two-Wheeler Tire Market, By Vehicle Type (USD Million)
7.1. Nigeria Two-Wheeler Tire Market Value Share and Forecast, By Vehicle Type, 2024-20337.2. Motorcycle7.3. Scooter and Moped
8. Nigeria Two-Wheeler Tire Market, By Demand Type (USD Million)
8.1. Nigeria Two-Wheeler Tire Market Value Share and Forecast, By Demand Type, 2024-20338.2. OEMs8.3. Replacement
9. Nigeria Two-Wheeler Tire Market, By Tire Type (USD Million)
9.1. Nigeria Two-Wheeler Tire Market Value Share and Forecast, By Tire Type, 2024-20339.2. Bias9.3. Radial
10. Nigeria Two-Wheeler Tire Market, By Price Category (USD Million)
10.1. Nigeria Two-Wheeler Tire Market Value Share and Forecast, By Price Category, 2024-203310.2. Budget10.3. Economy10.4. Premium
11. Nigeria Two-Wheeler Tire Market, By Sales Channel (USD Million)
11.1. Nigeria Two-Wheeler Tire Market Value Share and Forecast, By Sales Channel, 2024-203311.2. Exclusive Outlets11.3. Multi Brand Stores11.4. Online11.5. Others
12. Nigeria Two-Wheeler Tire Market Forecast, 2020-2033 (USD Million)
12.1. Nigeria Two-Wheeler Tire Market Size and Market Share
13. Nigeria Two-Wheeler Tire Market, By Vehicle Type, 2020-2033 (USD Million)
13.1. Nigeria Two-Wheeler Tire Market Size and Market Share By Vehicle Type (2020-2026)13.2. Nigeria Two-Wheeler Tire Market Size and Market Share By Vehicle Type (2027-2033)
14. Nigeria Two-Wheeler Tire Market, By Demand Type, 2020-2033 (USD Million)
14.1. Nigeria Two-Wheeler Tire Market Size and Market Share By Demand Type (2020-2026)14.2. Nigeria Two-Wheeler Tire Market Size and Market Share By Demand Type (2027-2033)
15. Nigeria Two-Wheeler Tire Market, By Tire Type, 2020-2033 (USD Million)
15.1. Nigeria Two-Wheeler Tire Market Size and Market Share By Tire Type (2020-2026)15.2. Nigeria Two-Wheeler Tire Market Size and Market Share By Tire Type (2027-2033)
16. Nigeria Two-Wheeler Tire Market, By Price Category, 2020-2033 (USD Million)
16.1. Nigeria Two-Wheeler Tire Market Size and Market Share By Price Category (2020-2026)16.2. Nigeria Two-Wheeler Tire Market Size and Market Share By Price Category (2027-2033)
17. Nigeria Two-Wheeler Tire Market, By Sales Channel, 2020-2033 (USD Million)
17.1. Nigeria Two-Wheeler Tire Market Size and Market Share By Sales Channel (2020-2026)17.2. Nigeria Two-Wheeler Tire Market Size and Market Share By Sales Channel (2027-2033)
18. Nigeria Two-Wheeler Tire Market, By Region, 2020-2033 (USD Million)
18.1. Nigeria Two-Wheeler Tire Market Size and Market Share By Region (2020-2026)18.2. Nigeria Two-Wheeler Tire Market Size and Market Share By Region (2027-2033)18.3. East Region18.4. Midwest Region18.5. North Region18.6. West Region
19. Company Profile
19.1. Apollo Tire19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Bridgestone Corporation19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. CEAT19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Continental AG19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. The Goodyear Tire & Rubber Company (Dunlop)19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. JK Tire19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Michelin19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Pirelli Tyre S.p.A.19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Yokohama TWS (Mitas)19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
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.
Frequently Asked Questions About This Report
The report includes an in-depth analysis of the Nigeria Two-Wheeler Tire Market, including market size and trends, product mix, applications, and supplier analysis. Two-wheeler tyres are specially designed tyres for two-wheeled vehicles
Nigeria Two-Wheeler Tire Market is projected to reach USD XX Billion by 2033, growing at a CAGR of 8.5% during the forecast period.
Nigeria Two-Wheeler Tire Market size from 2022. The Market is expected to reach USD XX Billion by 2033, at a CAGR of 8.5% during the forecast period.
Nigeria Two-Wheeler Tire Market CAGR of 8.5% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Nigeria Two-Wheeler Tire Market size is XX Billion from 2024 to 2033.
Nigeria Two-Wheeler Tire Market Segment is covered By Vehicle Type, By Demand Type, By Tire Type, By Price Category, By Sales Channel.
The Africa is anticipated to have the highest market share in the Nigeria Two-Wheeler Tire Market.
The key players in the market include Companies Covered AECC (Automotive Exhaust Catalysts Corporation), Anhui Baolong Environmental Protection Technology Co, Ltd, Automotive Test Systems, Bosch, Delphi Technologies, Doppler Environmental Protection Technology Co, Ltd, Hager Environmental & Atmospheric Technologies.
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