The launch of electric bus factory due to rising government inclination to curb carbon emission, increasing demand for radial tire, burgeoning government investment for developments in transport infrastructure along with launch of online bus booking platform and optimistic growth in the sales of truck and buses are the major factors predicted to proliferate the growth of the market in the South Africa MHCV Tire market. However, strong growth of e-commerce sector, rising spending to increase the plant production volume, burgeoning domestic and export sales of the trucks snowballing government focus toward mechanization of agricultural are some of the driving factors expected to escalate the growth of the market in the forthcoming timeline.

Based on Tube Categorization, Tubeless tires are gaining pace at a robust rate in the market in 2020 due to growing demand among customer for radial tire, companies inclining more towards the production of radial tires along with increasing customer inclination towards tubeless tire as these have less rolling resistance which further enhances fuel efficiency and provide better comfort.

 
Based on Vehicle Type, the truck market is witnessing robust growth due to boost in the production of trucks locally is driving the tire demand, increasing presence of the giant market player in the country via a launch of innovative truck tire. Moreover, Bus segment is anticipated to grow at an astronomical rate on account of burgeoning government spending on public transportation such as buses, increasing carbon emission has escalated the demand for electric buses and snowballing expenditure on set-up of electric bus manufacturing.

The key players with a considerable market share in the South Africa Medium and Heavy Commercial Vehicle Tire market are Bridgestone, Sumitomo, Goodyear, Continental, Michelin, Hangzhou Zhongce Rubber, Triangle, Kumho, Yokohama, Pirelli etc.