India Tire Market Investment Opportunities: Where to Focus in the Coming Decade

Markntel Advisors’ report, India Tire Research Report: Industry Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the India Tire presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

India Tire Market Industry Research Report & Market Summary:

The India Tire Market size is valued at around USD 11.98 billion in 2024 & is projected to reach USD 21.27 billion by 2030. The market is also estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30. The estimated growth of the market owes primarily to robust economic growth, increasing vehicle production, superior aftermarket sales, enhanced road conditions, increasing disposable income of people, and their persistent preference for private ownership of vehicles, i.e., demonstrating a large fleet of passenger cars in India and burgeoning sales of tires. India is the largest market for two-wheelers and is lucrative for commercial vehicles. The top tire companies in India by market share are expanding their production while introducing new features in tires to cater to the increasing consumers’ demands.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/india-tire-market-analysis.html

India Tire Market Dynamics:

Key Driver-

Robust Economic Growth & Increasing Vehicle Production – The main factors driving the tire market in India are, in fact, the country's strong economic development and increasing vehicle production. India's middle class has been growing, and disposable incomes have increased due to the country's significant economic growth. This increasing economic growth has augmented consumers' expenditures on automobiles. To meet the rising need for both personal and commercial transportation, there has been a notable growth in vehicle production. Because every new vehicle needs tires, the market for tires in India is directly boosted by this increase in vehicle production.

The government's emphasis on improving rural connectivity and infrastructure also increases demand for commercial vehicles, which augments the size & volume of the tire industry in the country. The emergence of electric vehicles and improvements in tire technology are also driving the growth & expansion of the tire industry in India. India's position in the global tire industry is further strengthened by the growing emphasis on manufacturing capabilities and exports. The tire industry's continuous growth and development are supported by these elements working together to produce a vibrant environment.

India Tire Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Type of Vehicles

Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
Medium and Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
Off the Road (OTR) - Market Size & Forecast 2020-2030, Thousand Units
Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units

Amongst all, two-wheelers are anticipated to dominate the India Tire Market with the largest market share during 2025-30.

By Demand Category

OEM- Market Size & Forecast 2020-2030, Thousand Units
Aftermarket- Market Size & Forecast 2020-2030, Thousand Units

By Type of Tire

Radial- Market Size & Forecast 2020-2030, Thousand Units
Bias- Market Size & Forecast 2020-2030, Thousand Units

Here, radial tires are anticipated to dominate the market with the largest market share during the forecast period, principally due to the growing vehicle fleet for passenger cars & light commercial vehicles (LCVs) across India.

By Sales Channel

Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
Exclusive Outlets & Multi-brand Stores- Market Size & Forecast 2020-2030, Thousand Units
Online- Market Size & Forecast 2020-2030, Thousand Units

By Price Category

Budget- Market Size & Forecast 2020-2030, Thousand Units
Economy- Market Size & Forecast 2020-2030, Thousand Units
Premium- Market Size & Forecast 2020-2030, Thousand Units

By Tire Size

Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units

By Region

East
West
North South.

As indicated in the latest market research report published by Markntel Advisors, “India Tire Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the India Tire. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/india-tire-market-analysis.html

Top Companies Operating in the India Tire Market:

MRF
Apollo Tyres
CEAT
JK Tyres & Industries Ltd.
Balakrishna Tires
TVS Srichakra Ltd.
Goodyear India
Bridgestone India Pvt. Ltd.
Michelin India Pvt. Ltd.
Continental India
Others.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & India Tire Market adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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