Cameroon Two-Wheeler Tire Market Research Report Forecast (2024-2030)

1. Cameroon Two-Wheeler Tire Market 2024-2030 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. Market Insights 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. The market's growth is driven by rapid urbanization & population growth, rising unemployment, and growing tourism. In Cameroon, the rise in urbanization and population growth is fueling the need for transportation options that are both cost-effective and efficient. Consequently, two-wheelers have gained popularity as a preferred mode of transport owing to their capacity to maneuver through congested urban roads and their comparatively lower cost when compared with four-wheeled vehicles. The growing preference for two-wheelers in urban areas is driving the expansion of Cameroon's two-wheeler tire market, primarily due to the increased wear and tear experienced on challenging urban roads, necessitating tire replacements. Swipe

3. Market Driver High Unemployment Rate Increasing the Sales of Two-Wheelers Growing levels of unemployment in Cameroon push individuals towards entrepreneurial endeavors and participation in the informal economy. According to the World Bank, the unemployment rate among the youth population has risen to around 7.1% in 2021 from around 6.4% in 2019. Owing to the high unemployment rate, individuals turn to activities such as motorcycle taxis, courier services, and small-scale businesses for income generation. As a result, there is a growing demand for two-wheelers to support these informal economic activities. This increased usage of motorcycles & scooters directly drives the demand for tires in the market. Swipe

4. Market Segmentation By Vehicle Type (Scooter & Moped, Motorcycle) By Demand Type (OEMs, Replacement) By Tire Type (Radial, Bias) Swipe

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