South Africa Medium and Heavy Commercial Vehicle (MHCV) Tire Market

DELTA, British Columbia - Feb. 4, 2021 - PRLog -- The launch of heavy trucks by the companies, increasing demand for radial tire, burgeoning government investment for developments in transport infrastructure by introducing electric buses and strong growth of e-commerce sector are the major factors predicted to proliferate the growth of the market in the South Africa MHCV market. However, rising spending to increase the plant production volume, snowballing government focus toward mechanization of agricultural activities and launch of technologically advanced tires by the market players are some of the driving factors expected to escalate the growth of the market in the forthcoming timeline.

According to MarkNtel Advisors' research report "South Africa Medium and Heavy Commercial Vehicle Tire Market Analysis, 2021", the South Africa Medium and Heavy Commercial Vehicle Tire market is anticipated to grow at a CAGR of around XX% during 2021-26. Based on Tube Categorization, Tubeless tires are gaining pace at a robust rate in the market in 2020. The growth is accredited to bolstering demand for radial tire, boost in the production of electric buses due to imposition of stringent government regulation of carbon emission, and increasing customer inclination towards tubeless tire as these have less rolling resistance which further enhances fuel efficiency and provide better comfort.

"South Africa Medium and Heavy Commercial Vehicle Tire Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Medium and Heavy Commercial Vehicle Tire providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Rising Government Spending in Public Transportation is Propelling the Market Growth of Buses

Based on Vehicle Type, Bus segment is anticipated to grow at an astronomical rate in the South Africa Medium and Heavy Commercial Vehicle Tire market during 2021-26. The rising road congestion is encouraging government to spend more on public transportation such as buses. The increasing carbon emission has escalated the demand for electric buses in the country.

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