Cameroon Two-Wheeler Tire Market 2024 - 2030: Market Trends
Cameroon Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 9.08% during the forecast period, i.e., 2024-30.
Cameroon Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 9.08% during the forecast period, i.e., 2024-30.
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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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Cameroon Two-Wheeler Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Bridgestone Corporation, Goodyear Tire and Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Kenda Tires, and Others
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