Cameroon Two-Wheeler Tire Market Size, Share and Development Insight 2024

Cameroon Two-Wheeler Tire Market Report: 2024-2030

According to MarkNtel Advisors recent report “Cameroon Two-Wheeler Tire Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.

Key Highlights of the Report

Market Performance (2019-2030)
Market Outlook (2024-2030)
Market Drivers and Challenges
Competitive Benchmarking

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Cameroon Two-Wheeler Tire Market Overview

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. The market's growth is driven by rapid urbanization population growth, rising unemployment, and growing tourism. In Cameroon, the rise in urbanization and population growth is fueling the need for transportation options that are both cost-effective and efficient. Consequently, two-wheelers have gained popularity as a preferred mode of transport owing to their capacity to maneuver through congested urban roads and their comparatively lower cost when compared with four-wheeled vehicles. The growing preference for two-wheelers in urban areas is driving the expansion of Cameroon's two-wheeler tire market, primarily due to the increased wear and tear experienced on challenging urban roads, necessitating tire replacements.

Cameroon Two-Wheeler Tire Industry Challenge

Low Import Duty on Used Retreated Tires to Impede Market Growth

In Cameroon, there is a disparity in the duties levied on imported tires, where used tires face lower duties compared to new ones. This discrepancy arises from a recent decision made by the Finance Ministry in 2019. According to this decision, the taxable value (cost-insurance-freight) for new tires is set at USD 16,667 per 20 ft container and USD 36,667 per 40 ft container. Conversely, the taxable value for used tires is USD 10,000 per 20 ft container and USD 20,000 per 40 ft container. The reduced duties on used tires have led to their availability at lower prices compared to new tires, rendering them more appealing to consumers seeking cost-effective options. Consequently, this dynamic has impacted the market share of new two-wheeler tires, particularly among price-sensitive buyers.

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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

Competitive Landscape

The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Cameroon Two-Wheeler Tire market.

Key Players

Bridgestone Corporation
Goodyear Tire and Rubber Company(Dunlop)
Michelin
Continental AG
Yokohama TWS (Mitas)
Pirelli Tyre S.p.A
Metzeler
Shinko Tyres
Kenda Tires

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