South Africa Tire Market Trends, Size & Growth Forecast 2032

The South Africa Tire Market is anticipated to register a CAGR of around 5% during the forecast period, i.e., 2025-32. Also, the market size was valued at nearly USD XX billion in YYYY. The automobile sector in South Africa is developing quickly, which is boosting the market. Owing to the dominance of the automotive manufacturing industry & growing foreign investment that has increased tire production capacity, the industry is growing rapidly. Several automakers with headquarters in South Africa have made dramatic statements that should significantly boost demand for the country’s tire sector. For example, to raise the installed capacity, German automaker Volkswagen stated in April 2024 that it would invest nearly USD 219 million in the company’s Kariega plant to surge the installed capacity.