In-Depth Analysis of the Cameroon Two-Wheeler Tire Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Cameroon Two-Wheeler Tire Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
How big is the Keyword Industry?
The Cameroon Two-Wheeler Tire Market is estimated to grow at a CAGR of around 9.08% during the forecast period, i.e., 2024-30.
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Who are the top players in the Cameroon Two-Wheeler Tire Market?
- Bridgestone Corporation
- Goodyear Tire and Rubber Company (Dunlop)
- Michelin
- Continental AG
- Yokohama TWS (Mitas)
- Pirelli Tyre S.p.A
- Metzeler
- Shinko Tyres
- Kenda Tires
- Others
Cameroon Two-Wheeler Tire Market Segmentation:
By Vehicle Type
- Scooter & 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)- Market Size & Forecast 2019-2030, Thousand Units
- Economy (USD12 to 30)- Market Size & Forecast 2019-2030, Thousand Units
- Premium (Above USD30)-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 Stores – Market Size & Forecast 2019-2030, Thousand Units
By Tire Size
- 3.00 X 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
- 100/90 X 17 – Market Size & Forecast 2019-2030, Thousand Units
- Others (100/90-16,120/80-17, etc.) – Market Size & Forecast 2019-2030, Thousand Units
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What are the primary market drivers influencing the growth of Cameroon Two-Wheeler Tire Market?
Cameroon Two-Wheeler Tire Market Driver:
High Unemployment Rate Increasing the Sales of Two-Wheelers – Growing levels of unemployment in Cameroon push individuals towards entrepreneurial endeavors and participation in the informal economy. According to the World Bank, the unemployment rate among the youth population has risen to around 7.1% in 2021 from around 6.4% in 2019. Owing to the high unemployment rate, individuals turn to activities such as motorcycle taxis, courier services, and small-scale businesses for income generation. As a result, there is a growing demand for two-wheelers to support these informal economic activities. This increased usage of motorcycles & scooters directly drives the demand for tires in the market.
In addition, unemployment fuels the growth of the informal economy, which heavily relies on efficient transportation for activities such as street vending, delivery services, and artisanal trades. Two-wheelers play a key role in facilitating mobility within the informal economy, enabling individuals to reach customers & job sites efficiently. The expansion of informal economy services leads to increased sales of two-wheelers and, subsequently, tires across the market.
Moreover, the introduction of motorcycle taxis, which are commonly called boda-bodas, has become a prominent mode of transportation, particularly in urban and peri-urban areas. Consequently, unemployed individuals turn to motorcycle taxi services as a means of generating income across the region. Therefore, the proliferation of motorcycle taxis significantly contributes to the overall sales of motorcycles, which positively generates the demand for tires.
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Gain a Competitive Edge with Market Research Report
- The Cameroon Two-Wheeler Tire Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Cameroon Two-Wheeler Tire Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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