Namibia Tire Market Size, Share,Growth Analysis By 2028

Jackdaniel24 Jan, 2025Business

The Namibia Tire Market is projected to grow at around 2.8% CAGR during the forecast period, i.e., 2023-28. The market is likely to be driven principally by improving economic conditions and, in turn, the growing consumer inclination toward private vehicle ownership, i.e., leading to a rising vehicle fleet size and, subsequently, increasing demand for tires in the country. In addition, the immense focus of the government on infrastructural developments associated with road construction, maintenance, & expansion is also showcasing an increasing number of vehicles on roads and, in turn, positively influencing the Namibia tire market growth.