MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Nigeria Two-Wheeler Tire Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Nigeria Two-Wheeler Tire, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019–22
- Base Year: 2023
- Forecast Years: 2024–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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Nigeria Two-Wheeler Tire Market Outlook
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. The Market growth is primarily driven by escalating traffic congestion and the heightened adoption of two-wheelers by urban residents & businesses, among other factors. The escalating issue of traffic congestion in Nigerian cities like Lagos and Kano has become a significant concern in recent years. According to the Danne Institute for Research 2023, residents of Lagos spent an average of 2.21 hours commuting daily, with approximately 45% enduring more than two hours of travel time. Consequently, individuals in these urban areas are opting for alternative modes of transportation, such as two-wheelers, to circumvent the challenges posed by traffic jams. As more people turn to motorcycles and scooters to navigate traffic congestion effectively, the number of these vehicles on the road increases. This upsurge in the usage of two-wheelers creates a heightened demand for tires, both for new vehicles and as replacements for existing ones undergoing wear and tear.
Nigeria Two-Wheeler Tire Market Drivers:
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.
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Nigeria Two-Wheeler Tire Market Trends:
Increasing Fleet of Ride-Hailing Companies to Support Market Growth – Nigeria has been severely facing traffic congestion issues due to poor road infrastructure. These traffic jams devour nearly half of the daily commute time of individuals. As a result, individuals in the country leave early for work and prefer to use bike taxis for daily commuting purposes. Thus, Nigeria is emerging as a hotbed for ride-hailing app usage. The high usage of bike taxis in the region is resulting in wear and tear of the tires, enhancing the requirement for replacement at frequent intervals. In addition, the growing demand for ride-hailing motorcycle taxis is also leading companies, such as Uber, Bolt, etc., to expand their motorcycle fleets in the country.
Nigeria Two-Wheeler Tire Market Segmentation
The study categorizes the Nigeria Two-Wheeler Tire into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
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
- 75 x 17 - Market Size & Forecast 2019-2030, Thousand Units
- 75-18- Market Size & Forecast 2019-2030, Thousand Units
- 00 x 17 50- Market Size & Forecast 2019-2030, Thousand Units
- 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
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- Midwest
- North
- East
- West.
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Leading Companies in Nigeria Two-Wheeler Tire Market Worldwide: Players, Analysis & Future Outlook
- Bridgestone Corporation
- Goodyear Tire and Rubber Company(Dunlop)
- Michelin
- Continental AG
- Yokohama TWS (Mitas)
- Pirelli Tyre S.p.A.
- Apollo Tire
- JK Tyer
- CEAT
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
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Frequently Asked Questions (FAQ)
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2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Nigeria Two-Wheeler Tire?
4. Who are the prominent players in the Nigeria Two-Wheeler Tire?
5. How is the competition structured in this market?
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About Us
MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.
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