Report Overview

The surge in automobile fleet and sales, the availability of low-interest auto loans, expanding infrastructure, and rising income levels could boost the growth of Sudan Tire Market during the forecast period between 2023 and 2029.

Sudan Tire Market – Industry Trends & Forecast Report, 2029

Sudan tire market size is projected to grow at a significant CAGR of 5.22% during the forecast period between 2023 and 2029. Sudan's tire market is primarily driven by replacement. The tire market in Sudan is primarily driven by replacement needs, resulting in a high dependence on imports to meet the demand for tires in the country. Due to the demand-supply gap, tire manufacturing companies resort to importing tires into Sudan and then distributing them through exclusive distributors and dealers.

Sudan Tire Market - Overview

The tire is a rim-like, circular object that contains air. It is made from a mix of organic and inorganic components, including steel, rubber, wire, cotton, glass, silica, and wire that has been strengthened with carbon black. A bead, bead filler, belts, body ply, inner liner, sidewall, and tread are just a few of the pieces that make up the tire, which is available in two variations: tubed and tubeless. The tire is essential for controlling the forces.

Growth Drivers

Increasing Adoption of Innovations in Tire Technology

The majority of manufacturing companies are using automation to increase productivity and profitability due to the quick development of technology. The automotive tire market is expected to expand due to technology advancements in the Sudan tire market, such as the introduction of rimless tires, green tires, and the use of lightweight elastomers, metals like alloys and carbon fiber, or composites like manganese bronze and nickel aluminum bronze to manufacture tires.

Restraints

High Volatility in Raw Material Prices

Significant amounts of synthetic and natural rubber, sulfur, carbon black, and other materials are required in the production of automotive tires. The price of these raw materials fluctuates due to a variety of factors, including the availability of natural rubbers and government regulations prohibiting the excessive deforestation of rubber trees. The Sudan tire market's growth is being hampered by fluctuations in raw material prices.

Impact of COVID-19 on the Sudan Tire Market

The Sudan tire market suffered because of the Covid-19 impact. The COVID-19 outbreak compelled governments all over the world to enact strict lockdown measures and limit the import-export of products used to produce key raw materials for the majority of 2020 and a few months of 2021. This caused the supply of crucial raw materials for the automobile tire sector to suddenly decline. A growing COVID-19 impact resulted in the closure of other facilities, including R&D facilities, distribution channels, supply-demand interactions, retail networks, and other operational areas that are crucial to the future of the sector. Also, the distribution and production of vehicles are intricately linked to the selling of car tires. Due to declining automotive sales and the pandemic, the Sudan tire sector has been significantly impacted.

Sudan Tire Market

Segmental Coverage

Sudan Tire Market - By Tire Type

On basis of type, Sudan tire market is divided into Radial Tires and Bias Tires segments. The radial tires segment is a higher contributor to the Sudan tire market. It is because they provide the rider with greater comfort by absorbing shocks, collisions, and bumps. Moreover, radial tires' superior fuel efficiency has a big impact on consumer demand. Also, there is a rise in demand for radial tires due to their resistance to heat, wear, and cuts.

Sudan Tire Market - By Rim Size

On basis of the rim size, Sudan tire market is divided into Below 15 inches, 15–20 inches, and Above 20 inches segments. The below15 inches segment accounts for the highest market share. During the forecast period, considerable growth is expected. The tire is available on the Sudan tire market in several sizes. For various vehicle types and layouts, a wide range of tire sizes is available. Rising fuel prices, increased worries over pollution and climate change, and a movement in customer preference toward electric vehicles have all contributed to an increase in tire demand.

Sudan Tire Market – By Application

On basis of the application, Sudan tire market is divided into On-road tires, Off-road Tires, Agricultural Tires, and other (including Industrial Tires and Aviation Tires) segments. As mechanization spreads to sectors such as construction, mining, and agriculture, the market for off-road tires is expanding. Because they have thick threads that provide traction on a variety of surfaces, such as loose gravel, mud, and dirt, these tires are suitable for severe weather conditions and uneven roads. Their deeper and wider grooves, in addition to penetrating sand and dirt surfaces, increase rolling turbulence and stability.

Competitive Landscape

Major players in the Sudan tire market include MRF Limited, Bridgestone Middle East and Africa FZE, Apollo Tyres Ltd., Michelin AIM FZE, CEAT Limited, Continental Aktiengesellschaft, Alliance Tire Company Ltd., JK Tyre Industries Ltd., Hangzhou Zhongce Rubber CO., LTD, and Triangle Tyre Co. Ltd. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In 2020 - The Sudan government announced its plans to establish a new tire factory in the country to increase local production of tires.

Scope of the Report

By Tire Type

• Radial Tires

• Bias Tires

By Rim Size

• Below 15 inches

• 15–20 inches

• Above 20 inches

By Application

• On-road Tires

• Off-road Tires

• Agricultural Tires

• Others (including Industrial Tires and Aviation Tires)