Nigeria Tire Market (2019-2025) | Size, Share, Trends & 6Wresearch
Nigeria Tire Market Overview Nigeria tire market witnessed moderate growth in recent years on account of sluggish economic growth and political instability in the country. However, rising automotive manufacturing and assembly in the country would drive Nigeria Tire Market Growth during the forecast period. Based on types, radial tires dominated the Nigeria Tire Market due to certain advantages such as higher fuel efficiency and longer life offered by them. Some of the key players in the Nigerian tire market are Goodyear, Pirelli, Continental, Bridgestone, Michelin, and Chinese players. According to 6Wresearch, NigeriaTire Market size is projected to grow at a CAGR of 2.4% during 2019-2025. The majority of the motor vehicles entering the Nigerian automotive market are used vehicles from Europe and the U.S.A. and thus, the Nigerian tire market is driven by the demand for replacement tires. Two-wheeler tires captured the majority of the volume share in the Nigeria tire marke...