South Africa’s Tire Market: Key Suppliers and Industry Trends
- The Trade Adviser
- Dec 9, 2024
- 1 min read
Updated: Jun 6
The tire market in South Africa is a dynamic and essential part of the country's automotive industry. With the rise of electric vehicles, increased industrial activity, and a growing population, the demand for tires is on the rise. This article explores the key players, trends, and challenges in the South African tire market, providing insights into its future.
Key Takeaways
The South African tire market is projected to grow from USD 2.35 billion in 2023 to USD 3.97 billion by 2033.
Major tire manufacturers include Bridgestone, Goodyear, and Continental, which dominate the market.
Electric vehicles are influencing tire demand, creating new opportunities for manufacturers.
The Gauteng region is the largest market for tires due to its economic activity and population density.
Challenges like road conditions and competition from imports impact the local tire industry.