According to Markntel Advisors Report, Nigeria Two-Wheeler Tire Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Two-wheeler tires refer to the specialized tires designed for vehicles with two wheels, such as motorcycles, scooters, bicycles, and mopeds. These tires play a crucial role in providing traction, stability, and control for the rider, making them a critical component of the overall safety and performance of the two-wheeled vehicle.
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Nigeria Two-Wheeler Tire Market Research Report & Summary:
The Nigeria Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 8.64% during the forecast period, i.e., 2024–30.                  Â
Time Period Captured in the Report:
·       Historical Years: 2019-2022
·       Base Years: 2023
·       Forecast Years: 2024-2030
Who are the Key Players Operating in the Nigeria Two-Wheeler Tire Market?
The top companies of the Nigeria Two-Wheeler Tire Market ruling the industry are:Â
Bridgestone Corporation, The Goodyear Tire & Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A., Apollo Tire, JK Tire, CEAT, Others
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What is included in Nigeria Two-Wheeler Tire Market Segmentation?
The Nigeria Two-Wheeler Tire Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Vehicle Type
- Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
- Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
- By Demand Type
- OEMs- Market Size & Forecast 2019-2030, Thousand Units
- Replacement- Market Size & Forecast 2019-2030, Thousand Units
- By Tire Type
- Radial- Market Size & Forecast 2019-2030, Thousand Units
- Bias- Market Size & Forecast 2019-2030, Thousand Units
- By Price Category
- Budget (Up to USD11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
- Economy (USD12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
- Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units
- By Sales Channel
- Online- Market Size & Forecast 2019-2030, Thousand Units
- Multi Brand Stores – Market Size & Forecast 2019-2030, Thousand Units
- Exclusive Outlets – Market Size & Forecast 2019-2030, Thousand Units
- Others – Market Size & Forecast 2019-2030, Thousand Units
- By Tire Size
- 80/100-17- Market Size & Forecast 2019-2030, Thousand Units
- 100/90-17- Market Size & Forecast 2019-2030, Thousand Units
- 2.75 x 17 – Market Size & Forecast 2019-2030, Thousand Units
- 2.75-18- Market Size & Forecast 2019-2030, Thousand Units
- 3.00 x 17 50- Market Size & Forecast 2019-2030, Thousand Units
- 3.00 – 18- Market Size & Forecast 2019-2030, Thousand Units
- 90/90 – 17- Market Size & Forecast 2019-2030, Thousand Units
- Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 – 17 etc.) – Market Size & Forecast 2019-2030, Thousand Units
- By Region
- Midwest
- North
- East
- West
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Nigeria Two-Wheeler Tire Market Driver:
Growing Adoption of Electric Two-Wheelers Driving the Market – Nigeria is battling growing air pollution, energy security concerns, and a gradual increase in carbon emissions. Nigeria has the highest population-weighted annual average PM2.5 concentrations, as per the State of Global Air 2021. To mitigate air pollution & carbon emissions, consumers in the country are increasingly inclined towards electric two-wheelers, as they contribute to a cleaner and greener transportation system. Further, government policies and initiatives aimed at promoting sustainable and eco-friendly transportation owing to reduced oil imports and reduced carbon emissions play a crucial role in the adoption of electric two-wheelers. Incentives such as tax benefits, subsidies, and favorable regulations for electric vehicles encourage consumers to choose electric two-wheelers. As a result, electric two-wheeler manufacturers such as Hero, Revolt, etc. in the country are ramping up their production & expanding their market to Nigeria. For instance,
·       In 2024, Spiro, Africa’s largest electric vehicle (EV) player, is excited to announce its expansion into Nigeria, introducing innovative electric bikes and advanced battery-swapping technology in Ogun Province.
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