South Africa Off the Road Tire Market Size, Share, Forecast 2022-2028
BlueWeave Consulting , a leading strategic consulting and market research firm, in its recent study, forecasts South Africa Off the Road (OTR) Tire Market size to grow at a CAGR of 6.5% during the forecast period between 2022 and 2028. The developing automobile industry, an increasing need for tires from the country’s mining industry, and rapid industrialization and urbanization, rising affluence, and the penetration of affordable Chinese tires in the country are major growth factors for South Africa OTR tire market. South Africa Tire Market – Trends and Forecast The growth of South Africa OTR tire market is being driven by the country's expanding automotive industry. The automobile industry is one of the most important industries in the South African economy, generating roughly 4.9% of the country's GDP, according to Naamsa, South Africa's automotive business council. Vehicle production accounts for 2.8%, while automobile retailing accounts for 2.1%. South African ...