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South African Medium and Heavy Commercial Vehicle Tire Market 2021-2026: CAGR of 3.4% is Forecast During 2021-26 - ResearchAndMarkets.com

·3 min read

DUBLIN, November 29, 2021--(BUSINESS WIRE)--The "South Africa Medium and Heavy Commercial Vehicle (MHCV) Tire Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

The South African MHCV Tire market is anticipated to grow at a CAGR of around 3.4% during 2021-26F.

The growth of the market is attributed to burgeoning investment by market players to set up truck and bus tire plants, the launch of innovative truck tires, and a boost in the production of truck tires in the country due to upsurge in the production of trucks locally and the burgeoning domestic and export sales of trucks.

Moreover, the rising government inclination to curb carbon emission is propelling the demand for electric commercial vehicles such as electric buses for urban transportation.

OEMs Witnessing Robust Growth

Based on Demand Type, OEMs witnessed growth in the South African MHCV Tire market in 2020. This is due to the burgeoning production of trucks and buses due to propelling domestic demand, increasing government inclination towards electric buses for urban transportation to curb emission rate and surging investment to launch electric bus factories in the country.

However, this is further anticipated to upsurge the market share of replacement demand in the coming years. Thus, this is anticipated to drive the growth of the Medium and Heavy Commercial Vehicle Tire market globally in the near future.

Key Questions Answered in the Market Research Report:

  • What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of South Africa MHCV Tire Market?

  • What is the region-wise industry size, growth drivers and challenges key market trends?

  • What are the key innovations, technology upgrades, opportunities, regulations in the South Africa MHCV Tire Market?

  • Who are the key competitors or market players and how they perform in South Africa MHCV Tire Market based on the competitive benchmarking matrix?

  • What are the key results derived from the market surveys conducted during the course of the South Africa MHCV Tire Market study?

Key Topics Covered:

Impact of COVID-19 on South Africa Medium and Heavy Commercial Vehicle Tire Market

Expert Verbatim-Interview Excerpts of industry experts

South Africa MHCV Market Outlook, 2016-2026F

  • Total Registered Fleet Size & Forecast 2016-2026

  • Market Size & Analysis

  • Market Size & Analysis, By Categories

List of Top Fleet Operators

  • By Current Fleet Size

  • Tire Supplier Details

  • Future Fleet Expansion Plan

  • No. of breakdowns happened in last 6 months/1 year for a fleet

South Africa Medium and Heavy Commercial Vehicle Tire Market Outlook, 2016-2026F

  • Market Size & Analysis

  • Market Share & Analysis, By Categories

South Africa Medium and Heavy Commercial Vehicle Tire Market Dynamics

  • Growth Drivers

  • Challenges

  • Impact Analysis

South Africa MHCV Sales and MHCV Tire Market Import Export Statistics, 2016-2019

South Africa MHCV Sales and MHCV Tire Market Policies & Regulations

  • Import Tariff

  • Anti- Dumping Duties

  • Manufacturing Regulations

  • Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

Companies Mentioned

  • Bridgestone

  • Sumitomo

  • Goodyear

  • Continental

  • Michelin

  • Hangzhou Zhongce Rubber

  • Triangle

  • Kumho

  • Yokohama

  • Pirelli

For more information about this report visit https://www.researchandmarkets.com/r/uqk0ox

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211129005298/en/

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