How Big is the South Africa Medium and Heavy Commercial Vehicle (MHCV) Tire Market?

According to MarkNtel Advisors’ research report “South Africa MHCV Tire Market Analysis, 2021”, the South Africa 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 the market players to set up truck, bus tire plant, the launch of innovative truck tires, and boost in the production of a truck tire in the country due to upsurge in the production of trucks locally and burgeoning domestic and export sales of the trucks. Moreover, the rising government inclination to curb carbon emission is propelling the demand for an electric commercial vehicle such as an electric bus for urban transportation along with the launch of an electric bus factory are the factors placing a lucrative opportunity for the growth of the market in the forecast period.

Market Statistics

• Market Growth Rate (CAGR): 3.4% from 2021-2026

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South Africa Medium and Heavy Commercial Vehicle (MHCV) Tire Market Segmentation:

The report has segmented the market into the following categories:

By Vehicle Type

1. Bus
2. Truck
   1. By Type of Truck
      1. Semi-Trailer Trucks
      2. Extra Duty Trucks
      3. Tanker Trucks
      4. Garbage Trucks
      5. Dump Trucks
      6. Others

By Vocation

3. Freight Transportation
   1. Car Haulers & High Cube
   2. Container
   3. Dangerous Goods
   4. Dry Freight Full Truck Load / One Drop
   5. Dry Freight Less Truck Load / Multi Drop
   6. Express Mail & parcel
   7. Flat Bed & Special Transport
   8. Food & Beverage, including Tanker
   9. High Value Goods
   10. Moving & Storage
   11. Refrigerated
   12. Solid Bulk / Agricultural transportation
   13. Transport of Living Animals
   14. Transportation of construction material
   15. Upstream Logistics
4. People Transportation
   1. Inter-City People Transportation
   2. Urban People/school transportation
   3. Construction/Industrial Activity
   4. Cement (concrete mixers)
5. Energy
   1. Infra & Housing Constr. & Maintenance
   2. Material Handling
   3. Port
   4. Waste management
   5. Agriculture
   6. Cereal Farming
   7. Others
6. Others
7. Military / Emergency / Administration
8. Military
9. Mobile Workforce
10. Corporate Fleets
11. Mining / Quarries

By Business Lines

12. Transport Long Distance (TLD)
13. Urban Transportation
14. Off Road Transportation
15. Mining

By Leading OEMs

16. Isuzu
17. IVECO
18. Toyota
19. Nissan
20. Tata
21. FAW Trucks
22. Others

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/south-africa-medium-heavy-commercial-vehicle-tire-market.html

Competitive Landscape:

• Bridgestone
• Sumitomo
• Goodyear
• Continental
• Michelin
• Hangzhou Zhongce Rubber
• Triangle
• Kumho
• Yokohama
• Pirelli.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

• Market Performance (2021-2026)
• Strategic Recommendations
• Current, Historical and Future Market Trends
• Market Drivers and Leading Competitor
• SWOT Analysis
• Structure of the Market
• Comprehensive Mapping and Recent Advancement

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