索马利亚的轮胎市场 (2017年～2027年):各车辆类型 (小客车、LCV、M&HCV、OTR、二轮车、三轮车)、需求类别 (OEM、替换)、幅射层/偏压区分、地区的市场预测、成长机会
Somalia Tire Market, By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2017- 2027
The Somalia tire market is expected to witness a growth of steady CAGR in the forecast period, 2023-2027. The country's expanding automobile fleet and rising vehicle sales are two major factors supporting the growth of the Somalia tire market. The increase in government focus on boosting the growth of the industrial and infrastructure sectors is expected to fuel the demand for replacement tires in the country. Increasing industrial activities and urbanization coupled with the growing demand for automobiles in the country are anticipated to support the tire demand in the country. Rising consumer spending and emerging companies and market leaders in many industries, such as e-commerce, food industry have boosted the need for transport solutions, thereby driving the growth of Somalia tire market.
The Somalia tire market is segmented into vehicle type, demand category, radial vs. bias, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger cars, LCV, M&HCV, OTR, two-wheeler, and three-wheeler. The passenger car segment is expected to capture the highest market share in the forecast period, 2023-2027. The shift in consumers' preference towards private vehicle ownership and the growing disposable income of middle-class families is driving the demand for passenger cars. High sales of passenger cars and the use of advanced technologies and materials in their production are expected to fuel the demand for replacement tires in the forecast period.
The major companies operating in the Somalia tire market are: Apollo Tyres Ltd., CEAT Limited, JK Tyre & Industries Ltd., Michelin AIM FZE, Bridgestone Middle East & Africa FZE, MRF Limited, Shandong Wanda BOTO Tyre Co. Ltd., Hangzhou Zhongce Rubber Co. Ltd., GITI Tire (China) Investment Company Ltd. and Prinx Chengshan (Shandong) Tire Company, among others.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Somalia.
TechSci Research calculated the market size for Somalia tire using a bottom-up technique, wherein manufacturers' volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.
In this report, Somalia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in Somalia tire market.
With the given market data, TechSci Research offers customizations according a company's specific needs. The following customization options are available for the report: