India Tire Market Overview, 2027

India Tire Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"India's tire market is a rapidly growing industry that plays a crucial role in the country's transportation sector. With a vast road network and increasing vehicle numbers, India is among the top three largest tire markets globally, alongside China and the United States. The passenger vehicle segment, driven by the growing middle-class population and improved living standards, has seen increased tire sales. The commercial vehicle tire market has expanded due to India's robust logistics and transportation sector, e-commerce, industrial activities, and government initiatives like ""Make in India."" Two-wheelers are a dominant segment in the Indian automobile market, contributing to the country's economy and offering competitive prices. The off-highway vehicle segment includes tires for agricultural machinery, construction equipment, and industrial vehicles.Major players in the industry include MRF Limited, Apollo Tyres Limited, JK Tyre & Industries Ltd., CEAT Limited, Bridgestone India Pvt. Ltd., Michelin India Pvt. Ltd., Goodyear India Ltd., and TVS Srichakra Ltd. These companies offer extensive product portfolios, technological advancements, and strong distribution networks, catering to the diverse needs of Indian consumers. According to Bonafide Research’s report titled ""India Tire (Tyre) Market Overview, 2027"" the tire (tyre) industry market of India is expected to grow rapidly over the forecasted period from the year 2022 to 2027. The tire (tyre) market is segmented by end use, OEM, and replacement. The replacement segment holds a major market share as users generally replace tyres due to their wear and tear. OEM, on the other hand, is a one-time purchase that comes with the vehicle whenpurchased. The tires (tyres) must demonstrate that they are capable of driving in a variety of situations, including rain, snow, dry roads, and pavement. As a result, these tires (tyres) may be construed as jack-of-all-trades, which is undoubtedly right; they're competent in a variety of areas.The tire (tyre) was designed specifically to emphasise and showcase the attributes of the vehicles.Consumers in the India are not rapidly purchasing new vehicles. Tires (tyres) of any brand will gradually lose their peak performance. While it is recommended that they be replaced every 5–6 years, if the consumer drives on difficult or terrible roads, travels long miles on extended voyages, orlives in an area with harsh climatic conditions, more frequent replacement may be required.

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It is critical to select the proper pair of tires (tyres) for the vehicle in order to get the desiredperformance, and the selection of tires (tyres) also depends on the type of vehicle. In countries like the USA, where commercial cars are used more, and in countries like India, where the two-wheelermarket is much higher than in any other country, the tire (tyre) market for these vehicles is growingsignificantly in each country. Commercial heavy-weight vehicles, as opposed to passenger cars, twowheelers, three-wheelers, and commercial light-weights, are designed to handle long straighthighways and unpaved areas while carrying a lot of weight. Trucks require long-lasting tyres due to their large size and strong load-carrying capacity. Furthermore, with the advancement of new agetechnology, tires (tyres) now last longer, give superior drivability, and increase fuel savings. The commercial heavy weight tire (tyre) market in the India is expected to grow at a double CAGR over the forecast period. Radial tires (tyres) have far superior tread wear, lasting three times as long as bias-ply tires (tyres). Radial tires (tyres) are also less likely to develop flat patches when parked in the same location for an extended length of time, and they run cooler on long excursions. Extensive road networks throughout countries have driven increased manufacturing of trucks, buses, and other types of public transportation, which has accelerated demand for radial tires (tyres). The dependency of radial tires (tyres) is increasing in the India and the market for radial tires (tyres) isgrowing in the industry. Considered in this report • Geography: India • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • India tire (tyre) industry Market with its value and forecast along with its segments • Application wise tire (tyre) industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Manmayi Raval

Manmayi Raval

Research Consultant

Based on market share: • By End use • By Vehicle type • By design type Based on By End use types: • By original equipment manufacturer (OEM) • By Replacement type Based on By vehicle types: • Passenger cars • Commercial light-weight • Commercial heavy-weight • Two-wheelers • Three-wheelers • Other types

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Manmayi Raval

Based on By Design types: • Radial • Bias tire (tyre) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially,secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the detailsobtained from secondary sources. Intended audience This report can be useful to industry manufactures, consultants, Key vendors related to Tire (tyre)industry. In addition to marketing & presentations, it will also increase competitive knowledge aboutthe industry. "

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Scope & Segmentation
  • 2.2. Research Methodology
  • 3. India Macro Economic Indicators
  • 4. India Tyre Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Opportunities
  • 4.5. Policies &Certification
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments – 2021
  • 5. India Tyre Market Trends
  • 6. India Tyre Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By End Use
  • 6.2.2. By Vehicle Type
  • 6.2.3. By Design
  • 7. India Tyre Market Segmentations
  • 7.1. India Tyre Market, By End Use
  • 7.1.1. India Tyre Market Size, By Original Equipment Manufacturer (OEM), 2015 - 2026F
  • 7.1.2. India Tyre Market Size, By Replacement, 2015 - 2026F
  • 7.2. India Tyre Market, By Vehicle Type
  • 7.2.1. India Tyre Market Size, By Passenger Car, 2015 - 2026F
  • 7.2.2. India Tyre Market Size, By Commercial- Light weight, 2015 - 2026F
  • 7.2.3. India Tyre Market Size, By Commercial- Heavy, 2015 - 2026F
  • 7.2.4. India Tyre Market Size, By Two Wheeler, 2015 - 2026F
  • 7.2.5. India Tyre Market Size, By3 wheeler and others, 2015 - 2026F
  • 7.3. India Tyre Market, By Design
  • 7.3.1. India Tyre Market Size, By Radial, 2015 - 2026F
  • 7.3.2. India Tyre Market Size, By Bias Ply, 2015 - 2026F
  • 8. India Tyre Market Opportunity Assessment
  • 8.1. By End Use, 2022F to2026F
  • 8.2. By Vehicle Type, 2021F to 2026F
  • 8.3. By Design, 2022F to2026F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Table
Table 1: India Tyre Market Size of Original Equipment Manufacturer (OEM) (2015 to2026F) in USD Billion
Table 2: India Tyre Market Size of Replacement (2015 to 2026F) in USD Billion
Table 3: India Tyre Market Size of Passenger Car (2015 to2026F) in USD Billion
Table 4: India Tyre Market Size of Commercial- Light weight (2015 to2026F) in USD Billion
Table 5: India Tyre Market Size of Commercial- Heavy (2015 to2026F) in USD Billion
Table 6: India Tyre Market Size of Two Wheeler (2015 to2026F) in USD Billion
Table 7: India Tyre Market Size of3 wheeler and others (2015 to2026F) in USD Billion
Table 8: India Tyre Market Size of Radial(2015 to2026F) in USD Billion
Table 9: India Tyre Market Size of Bias Ply(2015 to2026F) in USD Billion
Table 10: Key Facts of Company 1
Table 11: Key Facts of Company 2
Table 12: Key Facts of Company 3
Table 13: Key Facts of Company 4
Table 14: Key Facts of Company 5
Table 15: Key Facts of Company 6
Table 16: Key Facts of Company 7
Table 17: Key Facts of Company 8

List of Figures
Figure 1: India Tyre Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 2: India Tyre Market Share By End Use(2015, 2020&2026F)
Figure 3: India Tyre Market Share By Vehicle Type (2015, 2020&2026F)
Figure 4: India Tyre Market Share By Design (2015, 2020&2026F)
Figure 5: Market Attractiveness Index, By End Use
Figure 6: Market Attractiveness Index, By Vehicle Type
Figure 7: Market Attractiveness Index, By Design
Figure 8: Porter's Five Forces Meter of Tyre Industry in India
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India Tire Market Overview, 2027

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