Egypt Passenger Car Tire Market Executive Summary and Future Trends 2029

Egypt Passenger Car Tire Market Executive Summary and Future Trends 2029

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


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 Egypt Passenger Car Tire Market:

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


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


By Vehicle Type

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

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


By Tire Type


By Tire Size


By Price Category


By Season


Explore the Complete Egypt Passenger Car Tire Market Analysis Report –

https://www.marknteladvisors.com/research-library/egypt-passenger-car-tire-market.html


Geographical Analysis: Egypt Passenger Car Tire Market

 By Region


Key Questions Addressed in This Study

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.


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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