Increasing popularity of the ride-hailing platforms is the key trend shaping the growth of the Cameroon Two-Wheeler Tire Market.
According to MarkNtel Advisors study, The 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.
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.
Additionally, the availability of cheaper used tires may influence consumer preferences, leading to a shift in demand away from new tires. Consumers may prioritize affordability over factors such as quality and longevity, particularly in a market where purchasing power is limited. This shift could potentially hinder market expansion in the upcoming years.
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Key Findings in Cameroon Two-Wheeler Tire Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections · Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are 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. |
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, and Others
Market Segmentation Overview:
By Vehicle Type
-Scooter & Moped
-Motorcycle
The scooter & moped segment holds a significant share of the Cameroon Two-Wheeler Tire Market and is anticipated to be in the same trend during the forecast period. These vehicles are popular choices for urban commuting due to their compact size, fuel efficiency, and maneuverability in congested city streets. As urbanization rates continue to rise in Cameroon, the demand for scooters and mopeds is expected to increase further. Although quick delivery providers such as Uber Eat, etc., in Cameroon are still opting for mopeds and scooters, which is a key factor driving their sales in the country. As delivery services rely heavily on two-wheelers for their operations, there is a constant need to maintain and replace tires due to the high mileage and intensive usage they endure.
Moreover, the rise of ride-sharing and delivery services in urban locales has heightened the demand for scooters and mopeds. As these services increasingly embrace scooters and mopeds, the need for tire replacement remains constant, driven by their accelerated wear and tear stemming from extensive usage and high mileage.
By Demand Type
-OEMs
-Replacement
By Tire Type
-Radial
-Bias
By Price Category
-Budget (Up to USD11)
-Economy (USD12 to 30)
-Premium (Above USD30)
By Sales Channel
-Online
-Multi Brand Stores
-Exclusive Stores
By Tire Size
-3.00 X 17
-2.75 X 17
-2.75-18
-100/90 X 17
-Others (100/90-16,120/80-17, etc.)
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