MarkNtel Advisors recently published a detailed industry analysis of the Global Egypt Passenger Car Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Egypt Passenger Car Tire Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2029

The Egypt Passenger Car Tire Market is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29.

Key Findings in Global Egypt Passenger Car Tire Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2029

Leading Market Players- Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Egypt Passenger Car Tire industry?

Government Emphasis on Road Safety Accelerating Growth of Egypt's Passenger Car Tire – Over the past few years, there has been a surge in road accidents due to factors such as overspeeding, tire defects, and others. According to the American University in Cairo, the country per year witnesses around 12,000 fatalities. These accidents also poorly affect the economy of the country. In addition, as per Al-Monitor, in 2022, road accidents in Egypt led to the loss of approximately 3% of the overall country’s GDP. One of the reasons behind the road accidents is the usage of deteriorated tires, leading to less traction between the tire & roads.

Therefore, the government of Egypt laid the regulation compelling the consumers to ensure the replacement of the tires at regular intervals. These regulations regarding road safety have necessitated frequent tire replacement for every car owner, driving the Egypt Passenger Car Tire market. Moreover, these regulations are also surging consumers to seek premium quality tires since they offer better gripping & traction. Thus, the premium tires provided by companies like Bridgestone, Continental, etc., are witnessing growth and are expected to do well in coming years as well.

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What segments define the Global Egypt Passenger Car Tire Market from 2024 to 2029? How do these segments contribute to market dynamics and growth?

By Vehicle Type

• Sedan- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• SUV- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Hatchback-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

According to report, The SUVs dominate the Egypt Passenger Car Tire Market owing to the growing consumer inclination towards larger passenger vehicles.

By Demand Type

• OEM - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Aftermarket - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

According to report, The passenger car is used widely in Egypt for a variety of purposes including family outings, commuting to the office or any other place, city exploration, and others.

By Sales Channel

• Direct Sales- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Online- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

By Tire Type

• Radial- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Bias- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

By Tire Size

• Tire Size 1- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Tire Size 2- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Tire Size 3-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Tire Size 4-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Tire Size 5-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

By Price Category

• Budget- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Economy- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Premium- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

By Season

• Summer- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• Winter- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
• All-Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)

Explore the Complete Global Egypt Passenger Car Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/egypt-passenger-car-tire-market.html

Geographical Analysis: Global Egypt Passenger Car Tire Market

 By Region

• East
• West

  Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Egypt Passenger Car Tire Market?
• How is the Global Egypt Passenger Car Tire Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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