2 Middle East & Africa Tire Market - Messe Frankfurt
Transcript of 2 Middle East & Africa Tire Market - Messe Frankfurt
2 Middle East & Africa Tire Market
3Middle East & Africa Tire Market
1. Middle East Tire Industry Outlook
2. Middle East Tire Market By Vehicle Type
Passenger Car Tires (Million Units) 2019
Commercial Vehicle Tires (Million Units) 2019
3. Drivers & Challenges (Middle East Tire Industry)
4. Overview of Middle East Vehicle Fleet Analysis
Passenger Car Vehicle Fleet 2019
Commercial Vehicle Fleet 2019
5. Major Tire Competitors in Middle East Tire Market
6. Market Trends And Developments (Middle East)
7. Tire Market Future Opportunities (Middle East)
8. Middle East Tire Replacement Scenario
9. Africa Tire Industry Outlook
10. Africa Tire Industry
Passenger Car Tires (Million Units) 2019
Commercial Vehicle Tires (Million Units) 2019
11. Drivers & Challenges (Africa Tire Industry)
12. Overview of Africa Vehicle Fleet Analysis
Passenger Car Vehicle Fleet 2019
Commercial Vehicle Fleet 2019
13. Major Tire Competitors in Africa Tire Market
14. Market Trends And Developments (Africa)
15. Tire Market Future Opportunities (Africa)
16. Africa Tire Replacement Scenario
CONTENT
4 Middle East & Africa Tire Market
Middle East Tire Industry
Outlook
5Middle East & Africa Tire Market
Middle East Tire market is forecast to grow at a CAGR of around 5.04%, in volume terms, during 2020-2025, with sales volume projected to reach 62.51 million units by 2025.
Passenger Car Tires (Million Units)
Commercial Vehicle Tires (Million Units)
Share by Vehicle Type (2019)
Share by Vehicle Type (2019)
37.41
11.47
25.50%
19.33%
48.58
14.06
74.50%
41.69% 38.98%
2020
2020
Light Commercial Vehicles (LCV)
Hatchback Sedan
CAGR 2020-2025F – 5.31%
CAGR 2020-2025F – 4.15%
2025
2025
Medium & HeavyCommercial Vehicles
(M&HCV)
SUV
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Middle East Tire Market By Vehicle Type
Commercial Vehicle Tire Market
Share, By Volume, 2019
Passenger Car Tire Market Share,
By Volume, 2019
7Middle East & Africa Tire Market
Drivers
• RisingConstructionindustry
• GrowingLogisticand
e-commerce
• IncreasingAutomobileSales
• Immigration
Challenges• HeavilyDependentonImports
Drivers & Challenges (Middle East Tire
Industry)
8 Middle East & Africa Tire Market
Overview of Middle East
Vehicle Fleet Analysis
Passenger Car Vehicle Fleet 2019
Commercial Vehicle Fleet 2019
Others Contains : Bahrain, Palestine, Syria, Yemen
6.03
2.57
0.86
16.91
1.81
3.65
1.94
1.05
1.03
5.9
2.51
0.65
0.36
1.70
0.42
0.41
0.36
0.16
0.30
2.97
Saudi Arabia
UAE
Qatar
Iran
Iraq
Israel
Kuwait
Jordan
Oman
Others
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Middle East Passenger Car (PC) andCommercial Vehicle (CV) Fleet Analysis,
By Country, 2019 (Million Units)
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Major Tire Competitors in Middle East Tire Market
Major Players in Middle East Tire Market
• BridgestoneMiddleEast&Africa• GoodyearMiddleEastFZE• Michelin• HankookTire• SumitomoCorporation• Pirelli
AspertheWorldBank,GDPgrowthrateinMiddleEaststoodataround0.6% in 2019 and is expected to reach 2.6% in 2020.
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Market Trends And Developments (Middle East)
InSaudiArabia,factorssuchasliftingofban on female drivers have increased the total number of female drivers in the country. In2020, thenumberof femaledrivers is expected to reach 3 million, whereas the number of male drivers is expected to touch 9.5 million, which will result in the growth of the automotivesector in the country.
SsangYong Motor, which is owned by Mahindra & Mahindra, inked a licensing agreementwithSaudiNationalAutomo-bile Company (SNAM) in October 2019. The agreement allows SNAM to assem-ble 30,000 “Rexton Sports” and “Sports Kahn” SUVs annually at Jubail industri-al complex in the eastern region of the country from 2021. The G4 Rexton, Ko-rando and Tivoli models are presently be-ing exported from South Korea to Saudi Arabia by SsangYong Motor.
Apollo Tyres signed a partnership with Al–JomiahtoentertheSaudiArabiatiremarket in December 2019. The compa-nywillbetargetingtruck,busandpas-senger car tire market. The companyaims to sell 800,000 tires annually inthenextfiveyears.
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Tire Market Future Opportunities
(Middle East) Sales of commercial vehicles are going to boost in Qatar as big infrastructure projects such as stadiums, roads and expressways are being undertakenfortheupcomingFIFAWorldCup2022.
In2022,thefirstelectriccarnamed(Katara)isgoing to be rolled down in the assembly line. The project is backed up by a new venture from Qatar Quality Trading Company and Ja-pan based ARM Co., Ltd. (one of the leading global car manufacturers). Katara will be avail-ablein10differentmodels.
Barez,aleadingIranbasedtiremanufacturingcompany,aimstohaveanannualproductioncapacityof10milliontiresby2021.Thecom-panyalsoplanstoexport25%ofitstotaltireproductionby2025.
NationalTireCompany(NTC)isgoingtocom-menceproductioninSaudiArabiabytheendof2020.Theplanthasaproductioncapacityof20 million units annually. The plant will have a workforce of around 4,000 employees.
Karwa Motors is the joint venture between MowasalatandOmanInvestmentFund.Part-ners are going to invest USD 70 million to pro-ducebusesinDuqmplant.Theproductionofbuses will start by the second half of 2020 with anannualproductioncapacityof1,000buses.
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Middle East Tire Replacement Scenario
MiddleEastTireReplacementScenarioByVehicleType
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Africa Tire Industry Outlook
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AfricatiremarketisforecasttogrowataCAGRof3.43%,invol-ume terms, during 2020-2025, with sales volume projected to reach 60.43 million units by 2025.
Passenger Car Tires (Million Units)
Commercial Vehicle Tires (Million Units)
Share by Vehicle Type (2019)
Share by Vehicle Type (2019)
30.65
20.41
77.60%
29.12%
37.19
23.25
22.50%
32.33% 38.55%
2020
2020
Hatchback Sedan
CAGR 2020-2025F – 3.94%
CAGR 2020-2025F – 2.64%
2025
2025
SUV
Light Commercial Vehicles (LCV)
Medium & HeavyCommercial Vehicles
(M&HCV)
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Africa Tire Industry
Passenger Car Tire Market Share, By Volume, 2019
Commercial Vehicle Tire Market Share, By Volume, 2019
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Drivers
• InfrastructureDevelopment
• IncreasingPurchasingPowerandGDP
Per Capita
• ExpandingDistributorandDealer
Network
• RisingDemandforChineseTiresand
Growing Used Car Market
• GrowthinMotorcycleTaxiMarket
Challenges• MorethanHalfoftheMarketis ImportDriven
Drivers & Challenges (Africa Tire Industry)
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Overview of Africa Vehicle Fleet Analysis
Passenger Car Vehicle Fleet 2019
Commercial Vehicle Fleet 2019
7.82
4.12
3.16
4.97
3
0.24
0.85
0.75
0.83
6.78
3.9
1.89
1.07
1.50
0.80
0.14
0.55
0.14
0.11
4.77
South Africa
Algeria
Morocco
Egypt
Nigeria
Tanzania
Kenya
Angola
Zimbabwe
Others
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Africa Passenger Car (PC) and Commercial Vehicle (CV) Fleet Analysis,
By Country, 2019 (Million Units)
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Major Tire Competitors in Africa Tire Market
MajorPlayersinAfricaTireIndustry
• BridgestoneSouthAfrica(Pty)Ltd.• ContinentalTireSA(Pty)Ltd• GoodyearSouthAfrica(Pty)Ltd• Michelin• InfinityTires
AspertheWorldBank,GDPgrowthrateofAfricawasaround3.4%in2019 and is expected to stand at 3.9% in 2020.
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Market Trends And Developments (Africa)
Firestone, a subsidiary brand of Bridge-stone, is going to engage in partnerships with agriculture co-operatives acrossSouth Africa. As a part of these partner-ship agreements, Firestone plans to deliv-ertiresforcommercialvehiclesandOTR(Off-The-Road)vehicles,majorlytractors.
Bridgestone, a leading global tire play-er,haslongtermtiresupplyagreementswith BMW. Bridgestone South Africa isnow thedomesticpartner formanufac-turing19-inchtiresforBMWX3,whichisassembled in South Africa.
In Africa, Nissan plans to increase itspresence, as a part of the company’s Nis-san MOVE to 2022 Midterm plan. The production of the plant near Algeria’swestern city Oran, in partnership with Hasnaoui Group, is going to start in the firsthalfof2020,withanannualcapacityof 63,500 vehicles.
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Tire Market Future Opportunities
(Africa)GreenDistillationTechnologies,anAustraliantire recycler, is now thefirst company in theworld which has developed the technology to turnoldtires intooil, carbonand steel.GDThas signed an agreement worth USD 50 million withVolcoPowerPtyLtdtobuild5tirerecy-cling plants in South Africa.
Kenya’sgovernmentisprioritizingtoproducecommercial vehicles (Buses,Trucks,etc.)andplanstotakeinitiativestoencourageproduc-tion of passenger vehicles (passenger cars,SUVs, station wagons and motorcycles). Thecountry’s government has announced plans to provideincentivesasperthevehicletypesbe-ing manufacture.
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Africa Tire Replacement Scenario
AfricaTireReplacementScenarioByVehicleType
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