Ethiopia Tire Market Forcast By Origin(Local Manufacturing,Imports), By Types(Radial Tires, Bias Tires), By End Users(OEM, Replacement), By Vehicle Types(Trucks, Light Trucks, Two-Wheelers, Passenger Cars) and Competitive Landscape

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format

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Ethiopia Tire Market Forcast By Origin(Local Manufacturing,Imports), By Types(Radial Tires, Bias Tires), By End Users(OEM, Replacement), By Vehicle Types(Trucks, Light Trucks, Two-Wheelers, Passenger Cars) and Competitive Landscape

Report Name Ethiopia Tire Market
Forecast period 2025-2035
CAGR 5.3%
Growing Sector Radial Tires

Report Description

Rising domestic demand and expanding fleet size are expected to boost tire demand in Ethiopia over the next five years. As of 2013, Ethiopia’s vehicle motorization rate (for Passenger cars and Commercial vehicles) stood at 2 vehicles per 1,000 people. As a result of this low vehicle ownership, Ethiopia is expected to continue witnessing growth in the sales of vehicles as well as automobile fleet size, thereby driving tire demand during the forecast period. Due to unstable political environment, automobile as well as tire companies have been facing challenges in conducting their operations in the country over the last few years. However, with the country gradually regaining political stability, coupled with better fiscal and regulatory policies, Ethiopia is expected to evolve into a more open and stable economy over the course of next 5-10 years, which would eventually have a positive impact on the country’s automotive industry in the coming years. 

According to Market Insights Research report, “Ethiopia Tyre Market Forecast & Opportunities, 2020’’, there are no automobile manufacturers in the country, and hence, the tire market in Ethiopia is completely driven by the replacement tire segment. The tire market of the country is dominated by passenger car tire segment, followed by medium and heavy commercial vehicle tire segment, which cumulatively captured a market share of more than 75% in 2014. Few of the major tire companies operating in Ethiopia include Horizon Tire, which is the only tire manufacturing company in the country; Bridgestone, Pirelli, Michelin, Yokohama, Goodyear, and Hankook. “Ethiopia Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tire market in Ethiopia

Ethiopia Tire Market Competition 2023

Ethiopia Tire market currently, in 2023, has witnessed an HHI of 3295, Which has increased slightly as compared to the HHI of 2442 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

  • Ethiopia Tire Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car Tires, Medium & Heavy Commercial Tires, Light Commercial Vehicle Tires, OTR Tires & Two Wheeler Tires
  • Policy & Regulatory Landscape
  • Changing Market Trends and Emerging Opportunities
  • Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of tire market in Ethiopia
  • To identify the on-going trends and segment wise anticipated growth in the coming years
  • To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing material
  • To gain competitive knowledge of leading players
  • To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

For Ethiopia Exporters of Tire , USA seems to be the most attractive market (in 2028) in terms of export potential followed by Germany, Saudi Arabia, Netherlands and Belgium. Also USA offers high import demand potential for other countries as well in 2028.

Ethiopia Tire Market Highlights

Topics Covered in Ethiopia Tire Market Report

The Ethiopia Tire Market report delivers an exhaustive analysis by origin, type, end-users, and vehicle types. This report provides stakeholders with insights into current and future market trends, primary growth drivers, major segments, and key challenges, enabling them to develop effective strategies and adapt to market changes.

Ethiopia Tire Market Synopsis

The Ethiopia Tire Market is growing steadily, driven by increasing vehicle ownership and infrastructural developments. Key trends include a shift towards locally manufactured tires and an increased demand for radial tires due to their efficiency and durability. However, market growth faces challenges such as fluctuating raw material costs and logistical issues. Major players are focusing on expanding their production capabilities and enhancing tire performance to meet the rising consumer expectations.

According to MIR, The Ethiopia Tire Market size is expected to grow at a significant CAGR of 5.3% during the forecast period 2025-2031. The market is primarily driven by the expanding automotive industry in Ethiopia. Technological advancements in tire manufacturing, such as improved tread patterns and materials, are significantly enhancing product performance and safety. Additionally, government investments in infrastructure, leading to higher vehicle usage, and rising consumer preference for fuel-efficient and durable tires are boosting market growth. Importantly, initiatives promoting local manufacturing are also stimulating the market by reducing dependence on imports.

Despite the positive growth trajectory, the Ethiopia Tire Market faces several obstacles. High volatility in raw material prices can increase production costs, posing a threat to market profitability. Additionally, the lack of skilled labor and advanced manufacturing technology limits production efficiency. Import dependency for high-quality tires also subjects the market to supply chain disruptions. Moreover, regulatory challenges and inadequate infrastructure can hamper market expansion, necessitating strategic planning and investment in capacity building.

Ethiopia Tire MarketLeading Players

Leading players in the Ethiopia Tire Market include Horizon Addis Tire, a prominent local manufacturer known for its durable and cost-effective products. International companies like Continental AG and Bridgestone Corporation also play a significant role, offering high-quality imported tires. These key players continually invest in research and development to introduce innovative products and maintain competitive advantage.

Ethiopia Tire MarketGovernment Initiatives

The Ethiopian government has launched several initiatives to bolster the tire market, such as the Industrial Parks Development Corporation (IPDC) aimed at fostering local manufacturing. The Automotive Industry Development Plan encourages investment in the automotive sector by providing incentives and subsidies to local manufacturers. Additionally, import tariff reductions on raw materials are designed to stimulate production and enhance market competitiveness.

Future Insights of the Market

The Ethiopia Tire Market is poised for robust growth, driven by urbanization and a rising middle class. Future trends indicate a strong shift towards eco-friendly and fuel-efficient tires, reflecting global sustainability goals. Technological advancements such as smart tire technology and increased investment in research and development will further propel market growth. However, overcoming current challenges like raw material volatility and infrastructure constraints will be crucial for achieving sustained market expansion.

Market Segmentation By Origin

According to Ravi Bhandari, Research Head, Among the segments in the Ethiopia Tire Market by origin, local manufacturing is witnessing unprecedented growth. This surge can be attributed to the concerted efforts by local players to meet the increasing demand for tires within the country, thereby reducing dependency on imports. Investments in technology and infrastructure by domestic manufacturers are further propelling the growth of locally manufactured tires, resulting in better quality products that meet international standards.

Market Segmentation By Types

In terms of tire types, radial tires are experiencing the most significant growth. The preference for radial tires stems from their superior performance characteristics, such as better fuel efficiency, enhanced tread life, and improved ride comfort. These benefits make radial tires the preferred choice for a range of vehicles, from trucks to passenger cars, particularly as the road infrastructure in Ethiopia continues to develop.

Market Segmentation By End Users

Within the end user segment, the replacement market is expanding rapidly. As vehicle ownership in Ethiopia rises, the need for tire replacements naturally follows. Additionally, consumers are becoming more aware of the advantages of ensuring their vehicles are equipped with high-quality, reliable tires, driving up the demand for replacements. This segment’s growth is also supported by the growing network of distributors and service centers that make accessing replacement tires more convenient for consumers.

Market Segmentation By Vehicle Types

The passenger cars segment is witnessing the fastest growth among the different vehicle types. This can be attributed to the increase in the middle-class population and the rising disposable incomes, which lead to higher personal vehicle ownership. As more Ethiopians invest in passenger cars, the demand for corresponding tires is on an upward trajectory, fueling growth in this segment. Additionally, the expansion of urban areas and improved road networks contribute to the increasing use of passenger cars and hence the demand for their tires.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Ethiopia Tire Market Overview
  • Ethiopia Tire Market Outlook
  • Ethiopia Tire Market Forecast
  • Historical Data of Ethiopia Tire Market Revenues and Volume, for the Period 2021-2031
  • Ethiopia Tire Market Size and Ethiopia Tire Market Forecast of Revenues and Volume, Until 2031
  • Historical Data of Ethiopia Tire Market Revenues and Volume, By Vehicle Types, for the Period 2021-2031
  • Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By Vehicle Types, until 2031
  • Historical Data of Ethiopia Tire Market Revenues and Volume, By Types, for the Period 2021-2031
  • Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By Types, until 2031
  • Historical Data of Ethiopia Tire Market Revenues and Volume, By Origin, for the Period 2021-2031
  • Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By Origin, until 2031
  • Historical Data of Ethiopia Tire Market Revenues and Volume, By End Users, for the Period 2021-2031
  • Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By End Users, until 2031
  • Market Drivers and Restraints
  • Ethiopia Tire Market Trends and Industry Life Cycle
  • Ethiopia Tire Market Revenue Share, By Players
  • Ethiopia Tire Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Segmentation

The report offers a comprehensive study of the subsequent market segments

By Origin

  • Local Manufacturing
  • Imports

By Types

  • Radial Tires
  • Bias Tires

By End Users

  • OEM
  • Replacement

By Vehicle Types

  • Trucks
  • Light Trucks
  • Two-Wheelers
  • Passenger Cars

Report Methodology 

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Related Reports

Table of Content

1.    Product Overview

2.    Research Methodology

3.    Analyst View

4.    Ethiopia Tire Market Outlook

4.1. Market Size & Forecast

4.1.1.By Value & Volume

4.2. Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two-Wheeler (2W) & Off-The-Road (OTR))

4.2.2.By Company

4.2.3.By Premium, Budget & Ultra-Budget

4.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

4.2.4.By Region

4.2.5.By Radial vs Bias

4.3. Ethiopia Tire Market Attractiveness Index, By Region

4.4. Ethiopia Tire Market Attractiveness Index, By Vehicle Type

4.5. Prominent Tire Sizes

5.       Ethiopia Passenger Car (PC) Tire Market Outlook

5.1. Market Size & Forecast

5.1.1.By Value & Volume

5.2. Market Share & Forecast

5.2.1.By Vehicle Type (Sedan, SUV & Hatchback)

5.2.2.By Radial Vs Bias

5.2.3.By Premium, Budget & Ultra-Budget

5.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

6.       Ethiopia Light Commercial Vehicle (LCV) Tire Market Outlook

6.1. Market Size & Forecast

6.1.1.By Value & Volume

6.2. Market Share & Forecast

6.2.1.By Vehicle Type (Pickup Truck and Vans & Mini Bus)

6.2.2.By Radial Vs Bias

6.2.3.By Premium, Budget & Ultra-Budget

6.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

7.       Ethiopia Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.By Value & Volume

7.2.  Market Share & Forecast

7.2.1.By Vehicle Type (Truck and Bus)

7.2.2.By Radial Vs Bias

7.2.3.By Premium, Budget & Ultra-Budget

7.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

8.       Ethiopia Two-Wheeler Tire Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value & Volume

8.2. Market Share & Forecast

8.2.1.By Vehicle Type (Motorbikes and Scooter)

8.2.2.By Radial Vs Bias

8.2.3.By Premium, Budget & Ultra-Budget

8.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

9.       Ethiopia OTR Tire Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value & Volume

9.2. Market Share & Forecast

9.2.1.By Vehicle Type (Construction & Industrial and Agriculture Equipment Vehicles)

9.2.2.By Radial Vs Bias

9.2.3.By Premium, Budget & Ultra-Budget

9.2.3.1.   By Company (For Premium, Budget and Ultra Budget)

10.   Import-Export Analysis

11.   Supply Chain Analysis

12.   Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.   Market Trends & Developments

13.1.  Growing Demand for Motorbikes

13.2.  Increasing Radialization

13.3.  Growing Focus on Public Transportation

13.4.  Rising Chinese Tire Penetration

14.   Policy & Regulatory Landscape

15.   Ethiopia Economic Profile

16.   Competitive Landscape

16.1.  Bridgestone Middle East & Africa FZE

16.2.  MRF Limited

16.3.  Horizon Addis Tyres S.C.

16.4.  Michelin AIM FZE

16.5.  Apollo Tyres Ltd.

16.6.  CEAT Limited

16.7.  Triangle Tyre Co. Ltd.

16.8.  Balkrishna Industries Ltd

16.9.  Hangzhou Zhongce Rubber CO., LTD

16.10.    Goodyear Middle East FZE

16.11.   Pirelli Tyre(Suisse) SA Middle East Branch

17.   Strategic Recommendations

Figures and Tables
List of Figures

 

Figure 1: Ethiopia Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2012-2022F

Figure 2: Prominent Drivers in Ethiopia Tire Market (2017E-2022F)

Figure 3: Ethiopia Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 4: Ethiopia Tire Market Share, By Company, By Volume, 2016-2022F

Figure 5: Ethiopia Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 6: Ethiopia Premium Tire Market Share, By Company, By Volume, 2016

Figure 7: Ethiopia Budget and Ultra Budget Brands Tire Market Share, By Company, By Volume, 2016

Figure 8: Ethiopia Tire Market Share, By Region, By Volume, 2016 & 2022F

Figure 9: Ethiopia Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 10: Ethiopia Tire Market Attractiveness Index, By Region, By Volume, 2016-2022F

Figure 11: Ethiopia Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2022F

Figure 12: Ethiopia Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2012-2022F

Figure 13: Prominent Drivers in Ethiopia Passenger Car Tire Market (2017E-2022F)

Figure 14: Ethiopia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 15: Ethiopia Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 16: Ethiopia Passenger Car Tire Market Share, By Company, By Volume, 2016-2022F

Figure 17: Ethiopia Passenger Car Tire Market Share, By Ultra Budget, Budget and Premium Brands,

By Volume, 2016-2022F

Figure 18: Ethiopia Premium Passenger Car Tire Market Share, By Company, By Volume, 2016

Figure 19: Ethiopia Budget and Ultra Budget Passenger Car Tire Brands Market Share, By Company, By Volume, 2016

Figure 20: Ethiopia Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2012-2022F

Figure 21: Prominent Drivers in Ethiopia Light Commercial Vehicle Tire Market (2017E-2022F)

Figure 22: Ethiopia Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 23: Ethiopia Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 24: Ethiopia Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016-2022F

Figure 25: Ethiopia Light Commercial Vehicle Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 26: Ethiopia Premium Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Figure 27: Ethiopia Budget and Ultra Budget Light Commercial Vehicle Tire Brands Market Share, By Company, By Volume, 2016

Figure 28: Ethiopia Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2012-2022F

Figure 29: Prominent Drivers in Ethiopia Medium and Heavy Commercial Vehicle Tire Market (2017E-2022F)

Figure 30: Ethiopia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 31: Ethiopia Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 32: Ethiopia Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016-2022F

Figure 33: Ethiopia Medium and Heavy Commercial Vehicle Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 34: Ethiopia Premium Medium and Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Figure 35: Ethiopia Budget and Ultra Budget Medium and Heavy Commercial Vehicle Tire Brands Market Share, By Company, By Volume, 2016

Figure 36: Ethiopia Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2012-2022F

Figure 37: Prominent Drivers in Ethiopia Two-wheeler Tire Market (2017E-2022F)

Figure 38: Ethiopia Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 39: Ethiopia Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 40: Ethiopia Two-wheeler Tire Market Share, By Company, By Volume, 2016-2022F

Figure 41: Ethiopia Two-Wheeler Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 42: Ethiopia Budget and Ultra Budget Two-wheeler Tire Brands Market Share, By Company, By Volume, 2016

Figure 43: Ethiopia OTR Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2012-2022F

Figure 44: Prominent Drivers in Ethiopia OTR Tire Market (2017E-2022F)

Figure 45: Ethiopia OTR Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 46: Ethiopia OTR Tire Market Share, By Radial Vs Bias, By Volume, 2016-2022F

Figure 47: Ethiopia OTR Tire Market Share, By Company, By Volume, 2016-2022F

Figure 48: Ethiopia OTR Tire Market Share, By Ultra Budget, Budget and Premium Brands, By Volume, 2016-2022F

Figure 49: Ethiopia Premium OTR Tire Market Share, By Company, By Volume, 2016

Figure 50: Ethiopia Budget and Ultra Budget OTR Tire Brands Market Share, By Company, By Volume, 2016

Figure 51: Ethiopia Tire Market Supply Chain Model

Figure 52: Ethiopia Industry Sector, Value Added (% of GDP), 2011-2015

 

List of Tables 

 

Table 1: Ethiopia Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 2: Ethiopia Tire Sales of Top Companies, By Volume, 2016-2022F (Million Unit)

Table 3: Ethiopia Tire Market Share, By Company, By Volume, 2016

Table 4: Ethiopia Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 5: Ethiopia Passenger Car Tire Sales of Top 5 Tire Suppliers, By Volume, 2016-2022F (Million Unit)

Table 6: Ethiopia Passenger Car Tire Market Share, By Company, By Volume, 2016

Table 7: Ethiopia Light Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 8: Ethiopia Light Commercial Vehicle Tire Sales of Top 5 Tire Suppliers, By Volume, 2016-2022F

(Million Unit)

Table 9: Ethiopia Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Table 10: Ethiopia Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 11: Ethiopia Medium & Heavy Commercial Vehicle Tire Sales of Top 5 Tire Suppliers, By Volume, 2016-2022F (Million Unit)

Table 12: Ethiopia Medium and Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2016

Table 13: Ethiopia Two-wheeler Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 14: Ethiopia Two-wheeler Tire Sales of Top 3 Tire Suppliers, By Volume, 2016-2022F (Million Unit)

Table 15: Ethiopia Two-Wheeler Tire Market Share, By Company, By Volume, 2016

Table 16: Ethiopia OTR Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 17: Ethiopia OTR Tire Sales of Top 5 Suppliers, By Volume, 2016-2022F (Million Unit)

Table 18: Ethiopia OTR Tire Market Share, By Company, By Volume, 2016

Table 19: Ethiopia Tire Imports, By Vehicle Type, By Volume, 2011-2015 (Million Units)

Table 20: Ethiopia Automobile Fleet, By Vehicle Type, By Volume, 2012-2016 (Units)

List Tables Figures

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