Inquire Before Buying - India Two-Wheeler Radial Tire Market Size, Growth & Industry Report

India Two-Wheeler Radial Tire Market Research Report: Forecast (2024-2030)

India Two-Wheeler Radial Tire Market - By Two-Wheeler Type (Moped & Scooter, Motorcycle), By Tire Size (Front Tire, [100/80 R17, 110/70 R17, 120/70 R 17, 80/100 R 18, Others (80/10......0 R 17, 90/90 R 17, etc.)], Rear Tire [190/55 R 17, 180/55 R 17, 100/90 R 17, 160/60 R 17], Others (130/70 R 17, 150/60 R 17, etc.)]), By Engine Type (Internal Combustion Engine, Electric), By Price Category (Budget, Economy, Premium), By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets), By Demand Type (OEMs, [Yamaha, Bajaj, Husqvarna, Royal Enfield, KTM, Hero, Suzuki, Others], Aftermarket) and others Read more

Tire
Jan 2024
Pages 128
Report Format: PDF, Excel, PPT

Market Definition

Radial tires are a category of tires that are embedded with belts made of steel that work as stabilizers and improve the overall performance of the tire. Such design elements enhance the tire's strength, durability, and grip on the road. Therefore, radial tires offer superior performance and safety features in comparison to bias tires. Furthermore, the pliable sidewalls of radial tires contribute to a smoother ride and enhanced shock absorption, resulting in a driving experience that is both comfortable and enjoyable.

Market Insights & Analysis: India Two-Wheeler Radial Tire Market (2024-30):

The India Two-Wheeler Radial Tire Market size is estimated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30. The major factor attributed to the market’s growth is the increased demand for radial tires for replacement purposes in the aftermarket.

In the past years, the sales of two-wheelers have been constantly rising due to expansion in economic sectors like e-commerce, logistics, etc. In these sectors, tires witnessed wear & tear due to extensive usage, which further led to the demand for the replacement of tires. Users have been observed to prefer radial tires over conventional ones as they offer several benefits, such as higher fuel efficiency, better grip & traction, longer tread life, noise reduction, and many others. This resulted in a higher demand for radial tires and led to the growth of the market in the historical years.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	6.7%
Region Covered	North, East, West, South
Key Companies Profiled	MRF Tyres, Apollo Tyres Ltd., CEAT Ltd., TVS Srichakra Ltd., Michelin India Pvt. Ltd., Pirelli Tires SA, JK Tyres & Industries, Goodyear India Ltd., Continental India Pvt. Ltd., Bridgestone India Pvt. Ltd., and Others
Unit Denominations	USD Million/Billion

Further, post-2021, it was observed that the Indian economy growth was enhanced and economic activities such as home delivery, Two-wheeler ride-hailing services, and others gained momentum. This has led to an increase in the overall sales and production of two-wheelers as well. This further generated the demand for radial tires by OEMs like Bajaj, TVS, Honda, etc. because the radial tires offer higher fuel efficiency, improved stability, and longer tread life. Therefore, to improve the overall functionality of the Two-wheeler, OEMs switched to radial-based tires. For instance,

In 2021, Honda launched a CB300R sports motorbike with radial-mount for front & rear tires. The bike comes with upside-down front forks that offer the highest precision in city traffic conditions.

Moreover, in the coming years, the sales of radial tires are further projected to grow, as they are comparatively more cost-effective than bias tires in the long run because they require less maintenance. Due to this, highly price-sensitive customers in India are projected to switch to radial tires in the aftermarket as awareness regarding their cost-effectiveness is rising gradually.

Along with this, the penetration of electric scooters and motorbikes is also projected to grow in the coming years. In 2022, according to NITI Aayog, the penetration of electric two-wheelers is expected to reach 100% by the year 2026-2027, if current incentives and subsidy support as provided by the government are not abolished. Hence, with the optimistic scenario of electric Two-wheelers, automotive manufacturers across the country are also focusing on upscaling their production capacity in the coming years. This would generate demand for radial tires by the OEMs, as these tires are technologically more advanced than bias ply and offer better vehicle performance and safety to the rider. Thus, the constantly growing demand for electric Two-wheelers would emerge as an opportunity area for the growth of the India Two-Wheeler Radial Tire Market during 2024-2030.

Market Segmentation
Introduction
1. Research Process
2. Assumptions
3. Market Definition
Executive Summary
India Two-Wheeler Radial Tire Market Trends & Development
India Two-Wheeler Radial Tire Market Dynamics
1. Drivers
2. Challenges
India Two-wheeler Tire Manufacturing Outlook, 2024
1. Top Brands & Their Manufacturing Units
  1. Production Volumes
  2. Future Plans
India Two-Wheeler Radial Tire Market Supply Chain Analysis
India Two-Wheeler Radial Tire Market Regulations, Policies, Regulation
India Two-Wheeler Radial Tire Market Hotspot & Opportunities
India Two-Wheeler Radial Tire Market Analysis, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Two-Wheeler Type
    1. Moped & Scooter -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    2. Motorcycle -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  2. By Tire Size
    1. Front Tire-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      1. 100/80 R17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      2. 110/70 R17 -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      3. 120/70 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      4. 80/100 R 18- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      5. Others (80/100 R 17, 90/90 R 17, etc.) -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    2. Rear Tire-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      1. 190/55 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      2. 180/55 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      3. 100/90 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      4. 160/60 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      5. Others (130/70 R 17, 150/60 R 17, etc.) -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  3. By Engine Type
    1. Internal Combustion Engine-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    2. Electric -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  4. By Price Category
    1. Budget- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    2. Economy- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    3. Premium- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  5. By Sales Channel
    1. Online- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    2. Direct Sales- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    3. Multi Brand Stores- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
    4. Exclusive Outlets- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  6. By Demand Type
    1. OEMs- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
      1. Yamaha
      2. Bajaj
      3. Husqvarna
      4. Royal Enfield
      5. KTM
      6. Hero
      7. Suzuki
      8. Others
  7. Aftermarket- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
3. By Region
  1. North
  2. East
  3. West
  4. South
4. By Company
  1. Competition Characteristics
  2. Market Share & Analysis
India Scooter & Moped Radial Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Tire Size- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  2. By Engine Type- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  3. By Price Category- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  4. By Sales Channel- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  5. By Demand Type- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  6. By Region- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
India Motorcycle Radial Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Tire Size- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  2. By Engine Type- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  3. By Price Category- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  4. By Sales Channel- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  5. By Demand Type- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
  6. By Region- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
India Two-Wheeler Radial Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. MRF Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Apollo Tyres Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. CEAT Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. TVS Srichakra Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Michelin India Pvt. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Pirelli Tyres SA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. JK Tyres & Industries
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Goodyear India Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Continental India Pvt. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Bridgestone India Pvt. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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