India Tire Market Report Overview

Maximize Market Research published reports that help clients understand the India Tire market structure in-depth. The report which is a combination of primary and secondary research gives thorough details about the  India Tire market, trade statistics, leading players, and various market metrics.

India Tire Market size was valued at USD 194.57 Mn Units in 2023 and the India Tire Market revenue is expected to reach USD 239.30 Mn Units by 2030, at a CAGR of 3 % over the forecast period.

India Tire Market Report Scope and Research Methodology

The report provides business statistics and analytical insights to help you understand the  India Tire market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional  India Tire market size. Both primary and secondary research methodologies were used to clearly present the  India Tire market structure.

In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on  India Tire key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which  India Tire industry experts were interviewed.

The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant  India Tire competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the  India Tire market.

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India Tire Market Regional Analysis

The report has been segmented into many key countries. This section provides a detailed analysis of the  India Tire market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:

1. North America- U.S., Canada, Mexico
2. Europe- UK, Germany, France, Spain, Rest of Europe
3. Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
4. South America- Brazil
5. Middle East and Africa.

India Tire Market Segmentation

by Vehicle Type

Passenger Car Tires
Two-Wheeler Tires
Commercial Vehicle Tires

by Tire Type

Radial Tires
Bias-Ply Tires
Tubeless Tires

Radial tires, bias-ply tires, and tubeless tires make up the market segments. The India Tire Market share for Radial Tires is anticipated to be the greatest during the forecast period, having dominated the market in 2023. Steel belts run beneath the tread of radial tires, which are made of layers of fabric cords oriented at a 90-degree angle to the direction of travel. Compared to bias-ply tires, this radial structure offers increased tread life, stability, and traction. In India, radial tires are the standard option for the majority of passenger cars. They offer a harmonious combination of comfort, performance, and fuel economy. India Tire's radial tire market share has increased significantly. 

by Sales Channel

OEM Sales
Aftermarket Sales

OEM Sales and Aftermarket Sales are the two market segments. Over the course of the forecast period, the OEM Sales category is anticipated to have the greatest share of the India Tire Market. As tire manufacturers form relationships with automakers to supply tires for new vehicles, OEM sales are critical to their business. The tires that come standard on automobiles are chosen and tailored to enhance their overall attributes and performance. India Tire producers may display their products on new cars thanks to OEM sales, which raises brand awareness and recognition. When consumers notice a tire brand installed on cars from well-known manufacturers, they start to recognize it.

by End-User

Individual Consumers
Commercial Fleet Owners
Agricultural Sector

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India Tire Market Key Players

1. Balkrishna Industries
2. MRF Tyre
3. JK Tyre & Industries
4. CEAT Limited
5. Apollo Tyres
6. Goodyear India Limited
7. TVS-Srichakra Ltd
8. Birla Tyres Limited
9. Metro Tyres Limited
10. Kesoram Industries Limited
11. Bridgestone India Private Limited
12. Maxxis Rubber India Private Limited
13. Ralson (India) Limited
14. Modi Tyre Company Limited
15. Yokohama India Private Limited

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Key Questions answered in the  India Tire Market Report are:

• What is  India Tire?
• What will be the CAGR of the  India Tire market during the forecast period?
• Which segment of the  India Tire market held the largest share of the global market in 2022?
• What trends are expected to generate additional revenue for the  India Tire market?
• What are the opportunities for the  India Tire Market?
• What factors are driving the  India Tire market growth?
• Which company held the largest share in the  India Tire market?

Key Offerings:

• A detailed Market Overview
• Market Share, Size, and Forecast by Revenue|2023-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation- A detailed analysis of each segment and their segments
• Competitive Landscape - Leading key players and other prominent key players.

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