Egypt Passenger Car Tire Market to See Steady Growth by 2029

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MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Egypt Passenger Car Tire Market Research Report: Forecast (2024–2029). This report provides a detailed assessment of the Egypt Passenger Car Tire, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019–22
• Base Year: 2023
• Forecast Years: 2024–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: - https://www.marknteladvisors.com/query/request-sample/egypt-passenger-car-tire-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Egypt Passenger Car Tire Market Outlook

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. The factors attributing to the growth in the demand for passenger car tires in Egypt are the growing automotive production and increasing usage of ride-hailing taxis. In recent years, there has been a significant rise in the net disposable income of the country's citizens. According to the International Monetary Fund (IMF), in 2022, the Gross Domestic Product (GDP) per capita was approximately USD 4560, an increase of about 10% compared to 2021.

Egypt Passenger Car Tire Market Drivers:

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.

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Egypt Passenger Car Tire Market Trends:

Growing Preference for Convenient and Versatile All-Season Tires – In recent years, all-season tires have gained momentum in Egypt owing to their excellent features over summer & winter tires. Traditionally, the Egypt Passenger Car Tire market had been dominated by seasonal tires, under which drivers used to switch between summer and winter tires based on weather conditions. This puts an additional overhead costs on the car owners.

Egypt Passenger Car Tire Market Segmentation

The study categorizes the Egypt Passenger Car Tire into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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)

By Demand Type

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

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)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• East
• West.

Talk to Our Industry Analyst:  - https://www.marknteladvisors.com/query/talk-to-our-consultant/egypt-passenger-car-tire-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Egypt Passenger Car Tire Market Worldwide: Players, Analysis & Future Outlook

• Bridgestone Corporation
• Michelin
• Continental AG
• Pirelli Tyre S.p.A
• Trenco Transport and Engineering Co.
•  
• Goodyear Tire and Rubber Company
• Falken Tyres
• Lassa Tyres
• Maxxis Tire
• Yokohama Rubber Company Limited
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2029.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/egypt-passenger-car-tire-market.html   

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Egypt Passenger Car Tire?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Egypt Passenger Car Tire?
   4. Who are the prominent players in the Egypt Passenger Car Tire?
   5. How is the competition structured in this market?
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About Us

MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.

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