PUBLISHER: IMARC | PRODUCT CODE: 1423371
PUBLISHER: IMARC | PRODUCT CODE: 1423371
India Tyre Market Report by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region 2024-2032
Abstract
The India tyre market size reached 196.3 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 253.9 Million Units by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032. The growing production of automobiles, inflating income levels of individuals, and rising demand for vehicles represent some of the key factors driving the market.
A tyre is a circular and ring-like part of a vehicle that is fitted on rims and filled with compressed air. It is manufactured from natural rubber, synthetic rubber, fabric, steel wires, carbon black, and some more compounds. It can deal with various forces acting on the vehicle during its motion to support the load of the vehicle. It has a lower fuel consumption due to less rolling resistance and helps absorb impact and increases general comfort. It also provides cushions against shocks and allows high flexibility of vehicles while maintaining their stability, as the tyre sidewall and tread are independent of each other due to radial ply cords. It assists in maintaining contact between the vehicle and the ground by providing the desired traction. As it also aids in getting a better grip on snowy and icy surfaces due to the high content of rubber, the demand for tyre is rising in India.
India Tyre Market Trends:
At present, there is a rise in the demand for tyres due to the growing production of automobiles. This, along with the increasing export activities of vehicles, such as tractors, buses, heavy trucks, and cars, represents one of the key factors supporting the growth of the market in India. Besides this, the growing sale of cars and two-wheelers on account of inflating income levels of individuals in India is offering a favorable market outlook in the country. In addition, there is an increase in the demand for vehicles in rural areas due to the lack of public transport. This, coupled with the rising utilization of tyres in all types of vehicles, including passenger cars, buses, military vehicles, motorcycles, and trucks, is propelling the growth of the market in the country. Moreover, the reduced costs of logistics, which make Indian tyre manufacturers more competitive compared to their global peers, and enable them to export more out of the country, is strengthening the growth of the market. Apart from this, the increasing levels of automation and renaissance in manufacturing tyres are offering lucrative growth opportunities to industry investors in India. Additionally, the Government of India is promoting the manufacturing of automobiles in the country through initiatives like Atmanirbhar Bharat Abhiyan.
India Tyre Industry Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India tyre market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on vehicle type, OEM and replacement segment, domestic production and imports, radial and bias tyres, tube and tubeless tyres, tyre size and price segment.
Vehicle Type Insights:
Two Wheelers
Three Wheelers
Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Off the Road
The report has provided a detailed breakup and analysis of the India tyre market based on the vehicle type. This includes two wheelers, three wheelers, passenger cars, light commercial vehicles, medium and heavy commercial vehicles, and off the road. According to the report, two wheelers represented the largest segment.
OEM and Replacement Segment Insights:
OEM Tyres
Replacement Tyres
A detailed breakup and analysis of the India tyre market based on the OEM and replacement segment has also been provided in the report. This includes OEM tyres and replacement tyres. According to the report, replacement tyres accounted for the largest market share.
Domestic Production and Imports Insights:
Domestic Production
Imports
A detailed breakup and analysis of the India tyre market based on the domestic production and imports has also been provided in the report. This includes domestic production and imports. According to the report, domestic production accounted for the largest market share.
Radial and Bias Tyres Insights:
Bias Tyres
Radial Tyres
A detailed breakup and analysis of the India tyre market based on the radial and bias tyres has also been provided in the report. This includes bias tyres and radial tyres. According to the report, radial tyres accounted for the largest market share.
Tube and Tubeless Tyres Insights:
Tube Tyres
Tubeless Tyres
A detailed breakup and analysis of the India tyre market based on the tube and tubeless tyres has also been provided in the report. This includes tube tyres and tubeless tyres.
Tyre Size Insights:
Small
Medium
Large
A detailed breakup and analysis of the India tyre market based on the tyre size has also been provided in the report. This includes small, medium, and large. According to the report, small accounted for the largest market share.
Price Segment Insights:
Low
Medium
High
A detailed breakup and analysis of the India tyre market based on the price segment has also been provided in the report. This includes low, medium, and high.
Regional Insights:
North India
East India
West and Central India
South India
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East India. According to the report, West and Central India was the largest market for India tyre. Some of the factors driving the West and Central India tyre market included the wide availability through online distribution channels, thriving automotive industry, rising demand for cars, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the India tyre market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd, etc. For each of the companies covered, the report provides business overview, services offered, business strategies, financials, SWOT analysis, and major news and events.
Key Questions Answered in This Report
- 1. What is the market size of tyre industry in India?
- 2. What is the future growth of tyre industry in India?
- 3. What are the key factors driving the India tyre market?
- 4. What has been the impact of COVID-19 on the India tyre market?
- 5. What is the breakup of the India tyre market based on the vehicle type?
- 6. What is the breakup of the India tyre market based on the OEM and replacement segment?
- 7. What is the breakup of the India tyre market based on the domestic production and imports?
- 8. What is the breakup of the India tyre market based on the radial and bias tyres?
- 9. What is the breakup of the India tyre market based on the tyre size?
- 10. What are the key regions in the India tyre market?
- 11. Who is the market leader in tyres in India?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 India Tyre Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Vehicle Type
- 5.5 Market Breakup by OEM and Replacement Segment
- 5.6 Market Breakup by Domestic Production and Imports
- 5.7 Market Breakup by Radial and Bias Tyres
- 5.8 Market Breakup by Tube and Tubeless Tyres
- 5.9 Market Breakup by Tyre Size
- 5.10 Market Breakup by Price Segment
- 5.11 Market Breakup by Region
- 5.12 Market Forecast
- 5.13 SWOT Analysis
- 5.13.1 Overview
- 5.13.2 Strengths
- 5.13.3 Weaknesses
- 5.13.4 Opportunities
- 5.13.5 Threats
- 5.14 Value Chain Analysis
- 5.14.1 Overview
- 5.14.2 Research and Development
- 5.14.3 Raw Material Procurement
- 5.14.4 Tyre Manufacturing
- 5.14.5 Marketing
- 5.14.6 Distribution
- 5.14.7 End-Users
- 5.14.8 Recycling
- 5.15 Porters Five Forces Analysis
- 5.15.1 Overview
- 5.15.2 Bargaining Power of Buyers
- 5.15.3 Bargaining Power of Suppliers
- 5.15.4 Degree of Competition
- 5.15.5 Threat of New Entrants
- 5.15.6 Threat of Substitutes
- 5.16 PESTEL Analysis
- 5.16.1 Political
- 5.16.2 Economic
- 5.16.3 Social
- 5.16.4 Legal
- 5.16.5 Environmental
- 5.16.6 Technological
- 5.17 Price Analysis
- 5.17.1 Price Indicators
- 5.17.2 Price Structure
- 5.17.3 Margin Analysis
6 Market Breakup by Vehicle Type
- 6.1 Two Wheelers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Three Wheelers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Passenger Cars
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Light Commercial Vehicles
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Medium and Heavy Commercial Vehicles
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Off the Road
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by OEM and Replacement Segment
- 7.1 OEM Tyres
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Replacement Tyres
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Domestic Production and Imports
- 8.1 Domestic Production
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Imports
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Radial and Bias Tyres
- 9.1 Bias Tyres
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Radial Tyres
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Tube and Tubeless Tyres
- 10.1 Tube Tyres
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Tubeless Tyres
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Tyre Size
- 11.1 Small
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Medium
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Large
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
12 Market Breakup by Price Segment
- 12.1 Low
- 12.1.1 Market Trends
- 12.1.2 Market Forecast
- 12.2 Medium
- 12.2.1 Market Trends
- 12.2.2 Market Forecast
- 12.3 High
- 12.3.1 Market Trends
- 12.3.2 Market Forecast
13 Market Breakup by Region
- 13.1 North India
- 13.1.1 Market Trends
- 13.1.2 Market Forecast
- 13.2 West and Central India
- 13.2.1 Market Trends
- 13.2.2 Market Forecast
- 13.3 South India
- 13.3.1 Market Trends
- 13.3.2 Market Forecast
- 13.4 East India
- 13.4.1 Market Trends
- 13.4.2 Market Forecast
14 Government Regulations
15 Strategic Recommendations
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 MRF Limited
- 16.3.2 CEAT Limited
- 16.3.3 JK Tyre & Industries Ltd
- 16.3.4 Apollo Tyres Ltd
List of Figures
- Figure 1: India: Tyre Market: Major Drivers and Challenges
- Figure 2: India: Tyre Market: Sales Volume (in Million Units), 2018-2023
- Figure 3: India: Tyre Market: Breakup by Vehicle Type (in %), 2023
- Figure 4: India: Tyre Market: Breakup by OEM and Replacement Segment (in %), 2023
- Figure 5: India: Tyre Market: Breakup by Domestic Production and Imports (in %), 2023
- Figure 6: India: Tyre Market: Breakup by Radial and Bias Tyres (in %), 2023
- Figure 7: India: Tyre Market: Breakup by Tube and Tubeless Tyres (in %), 2023
- Figure 8: India: Tyre Market: Breakup by Tyre Size (in %), 2023
- Figure 9: India: Tyre Market: Breakup by Price Segment (in %), 2023
- Figure 10: India: Tyre Market: Breakup by Region (in %), 2023
- Figure 11: India: Tyre Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 12: India: Tyre Industry: SWOT Analysis
- Figure 13: India: Tyre Industry: Value Chain Analysis
- Figure 14: India: Tyre Industry: Porter's Five Forces Analysis
- Figure 15: India: Tyre Industry: PESTEL Analysis
- Figure 16: India: Tyre (Two Wheelers) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 17: India: Tyre (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 18: India: Tyre (Three Wheelers) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 19: India: Tyre (Three Wheelers) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 20: India: Tyre (Passenger Cars) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 21: India: Tyre (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 22: India: Tyre (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 23: India: Tyre (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 24: India: Tyre (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 25: India: Tyre (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 26: India: Tyre (Off the Road) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 27: India: Tyre (Off the Road) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 28: India: Tyre (OEM Tyres) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 29: India: Tyre (OEM Tyres) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 30: India: Tyre (Replacement Tyres) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 31: India: Tyre (Replacement Tyres) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 32: India: Tyre (Domestic Production) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 33: India: Tyre (Domestic Production) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 34: India: Tyre (Imports) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 35: India: Tyre (Imports) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 36: India: Tyre (Bias Tyres) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 37: India: Tyre (Bias Tyres) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 38: India: Tyre (Radial Tyres) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 39: India: Tyre (Radial Tyres) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 40: India: Tyre (Tube Tyres) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 41: India: Tyre (Tube Tyres) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 42: India: Tyre (Tubeless Tyres) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 43: India: Tyre (Tubeless Tyres) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 44: India: Tyre (Small) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 45: India: Tyre (Small) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 46: India: Tyre (Medium) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 47: India: Tyre (Medium) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 48: India: Tyre (Large) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 49: India: Tyre (Large) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 50: India: Tyre (Low) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 51: India: Tyre (Low) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 52: India: Tyre (Medium) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 53: India: Tyre (Medium) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 54: India: Tyre (High) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 55: India: Tyre (High) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 56: North India: Tyre Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 57: North India: Tyre Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 58: West and Central India: Tyre Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 59: West and Central India: Tyre Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 60: South India: Tyre Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 61: South India: Tyre Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 62: East India: Tyre Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 63: East India: Tyre Market Forecast: Sales Volume (in Million Units), 2024-2032
List of Tables
- Table 1: India: Tyre Market: Key Industry Highlights, 2023 and 2032
- Table 2: India: Tyre Market Forecast: Breakup by Vehicle Type (in Million Units), 2024-2032
- Table 3: India: Tyre Market Forecast: Breakup by OEM and Replacement Segment (in Million Units), 2024-2032
- Table 4: India: Tyre Market Forecast: Breakup by Domestic Production and Imports (in Million Units), 2024-2032
- Table 5: India: Tyre Market Forecast: Breakup by Radial and Bias Tyres (in Million Units), 2024-2032
- Table 6: India: Tyre Market Forecast: Breakup by Tube and Tubeless Tyres (in Million Units), 2024-2032
- Table 7: India: Tyre Market Forecast: Breakup by Tyre Size (in Million Units), 2024-2032
- Table 8: India: Tyre Market Forecast: Breakup by Price Segment (in Million Units), 2024-2032
- Table 9: India: Tyre Market Forecast: Breakup by Region (in Million Units), 2024-2032
- Table 10: India: Tyre Market Structure
- Table 11: India: Tyre Market: Key Players
