Angola Tire Market: Expanding at a CAGR of more than 12% during 2021-2026

Market Insights

As per recent research by MarkNtel Advisors, The Angola Tire Market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2021-26.

Key Market Driver: Abundant Presence of Oil & Mineral Reserves in Angola

Angola is the second-largest oil-producing country in Sub-Saharan Africa and harbors a significant number of gas reserves & extensive mineral resources. Hence, the mining sector in the country is witnessing an upswing, which, in turn, is augmenting the demand for mining equipment and positively influencing the sales & production of robust tires for enhanced efficiency.

Besides, growing awareness among vehicle owners about vehicle safety & the need to timely replace tires is further anticipated to fuel the adoption of tires for mining equipment. As a result, it would generate lucrative growth opportunities for the leading players to increase their import business to meet the rising tire requirements and drive the Angola Tire Market during the forecast period.

“In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.”

Request Free Sample Report: https://www.marknteladvisors.com/query/request-sample/angola-tire-market.html

Market Segmentation and Consumer Behavior:

By Vehicle Type

Passenger Cars
- SUV
- Sedan
- Hatchback & Bakkies
Light Commercial Vehicles (LCV)
- Light Trucks
- Light Buses
- Pickup trucks & Vans
Medium & High Commercial Vehicles
- Bus
- Truck
Two Wheelers
- Moped
- Scooters
- Motorcycles
Off the Road (OTR)
- Earthmoving Equipment
- Material Handling Equipment
- Industrial & Mining Equipment

By Demand Type

OEM
Replacement

By Type of Tire

Radial
Bias

By Season

All Season
Summer

By Sales Channel

Online
Dealers/ Exclusive Outlets
Others

By Rim Size

Upto 12
1” to 15”
1.” to 18”
1” to 20”
1” to 22.5”
6” to 26”
1” to 35”
1” to 47”
Above 47”

By Price Category

Low
Medium
High

Read Full Report: https://www.marknteladvisors.com/research-library/angola-tire-market.html

Key Players and Competitive Strategies in the Angola Tire Market

Several prominent players dominate the Angola Tire Market, including:

Bridgestone Corp.
Continental Tires
Michelin
Goodyear
Hankook
Kumho Tires

Report Delivery - MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.What factors are driving the Angola Tire Market growth?

2.How is the Angola Tire Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Angola Tire Market?

4.What is the current size of the Angola Tire Market, and how is it projected to change in the future?

5.What is the future outlook for the Angola Tire Market in terms of technological advancements and market expansion?

Request Customization - https://www.marknteladvisors.com/query/request-customization/angola-tire-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.