India Tire Market Research Report: Forecast (2025-2030)

India Tire Market Report - By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Buses and Trucks, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By De... ... hree Wheeler), By Demand Category (OEM and Replacement), By Type of Tires (Radial and Bias), By Sales Channel (Dealer/Distributor, Online and Others), By Season (all season, winter and Summer), By Price Category (Low (Up to USD90), Medium (USD91-USD140, High (Above USD140)), By Rim Diameter (Upto 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), and Others Read more

  • Tire
  • Jun 2024
  • 122
  • PDF, Excel, PPT

Market Insights & Analysis: India Tire Market (2025-30):

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.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 11.98 Billion
  Market Value in 2030   USD 21.27 Billion
  CAGR (2025-30)   12.17%
  Top Key Players MRF, Apollo, CEAT, JK Tyres, Birla Tyres, Balakrishna Tires, Bridgestone, TVS, Continental, Goodyear
  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

 

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Moreover, as the government is increasingly focusing on infrastructural developments, i.e., leading to several construction & development projects across the country, the need for medium & heavy commercial vehicles is rising rapidly, positively influencing the demand for tires. Additionally, the government is also laying out favorable policies for foreign manufacturers to establish their production units in India.

Furthermore, with rising concerns over the alarming levels of carbon emissions, the Indian government is encouraging the public to adopt Electric Vehicles (EVs). It, in turn, is generating opportunities for the top tire companies to develop EV-compatible tires and provide replacements for fuel-based cars to increase fuel efficiency & significantly reduce these emissions. Overall, this is augmenting the size & volume of the tire industry in India. Nonetheless, the growing government inclination toward expanding the public transportation fleet further projects an accelerating demand for tires for commercial vehicles and notable overall growth of the tire market in India in the coming years.

India Tire Market 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.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. India Tire Market Regulations, Policies and Product Standards
  5. India Tire Market Trends & Developments
  6. India Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. India Tire Market Import Export Statistics
  8. India Tire Market Value Chain & Stakeholder Margin Analysis
  9. India Tire Market Hotspot & Opportunities
  10. India Tire Market Outlook 2020- 2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type of Vehicles
        1. Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
        2. Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        3. Medium and Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
        4. Off the Road (OTR) - Market Size & Forecast 2020-2030, Thousand Units
        5. Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand Category
        1. OEM- Market Size & Forecast 2020-2030, Thousand Units
        2. Aftermarket- Market Size & Forecast 2020-2030, Thousand Units
      3. By Type of Tire
        1. Radial- Market Size & Forecast 2020-2030, Thousand Units
        2. Bias- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel
        1. Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
        2. Exclusive Outlets & Multi-brand Stores- Market Size & Forecast 2020-2030, Thousand Units
        3. Online- Market Size & Forecast 2020-2030, Thousand Units
      5. By Price Category
        1. Budget- Market Size & Forecast 2020-2030, Thousand Units
        2. Economy- Market Size & Forecast 2020-2030, Thousand Units
        3. Premium- Market Size & Forecast 2020-2030, Thousand Units
      6. By Tire Size
        1. Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
        2. Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
        3. Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
        4. Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
        5. Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units
      7. By Region
        1. East
          1. Bihar
          2. Orissa
          3. Jharkhand
          4. West Bengal
          5. Chhattisgarh
          6. North-Eastern States
        2. West
          1. Rajasthan
          2. Gujarat
          3. Goa
          4. Maharastra
          5. Madhya Pradesh
        3. North
          1. Jammu & Kashmir
          2. Punjab
          3. Uttar Pradesh
          4. Uttarakhand
          5. Haryana
          6. Himachal Pradesh
        4. South
          1. Andhra Pradesh
          2. Karnataka
          3. Kerala
          4. Tamil Nadu
          5. Telangana
      8. By Company
        1. Competition Characteristics
        2. Volume Shares
  11. India Passenger Car Tire Market Outlook, 2020- 2030F
    1. Market Size & Analysis
      1. Market Revenue (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        1. Hatchback- Market Size & Forecast 2020-2030, Thousand Units
        2. Sedan- Market Size & Forecast 2020-2030, Thousand Units
        3. SUV- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
      3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  12. India Light Commercial Vehicle Tire Market Outlook, 2020- 2030F
    1. Market Size & Analysis
      1. Market Revenue (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        1. Light Trucks- Market Size & Forecast 2020-2030, Thousand Units
        2. Light Buses- Market Size & Forecast 2020-2030, Thousand Units
        3. Pick-up Trucks and Vans- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
      3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  13. India Medium and Heavy Commercial Vehicle Tire Market Outlook, 2020- 2030F
    1. Market Size & Analysis
      1. Market Revenue (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        1. Buses- Market Size & Forecast 2020-2030, Thousand Units
        2. Trucks- Market Size & Forecast 2020-2030, Thousand Units
        3. Ultra-Heavy trucks- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
      3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  14. India Two-Wheeler Tire Market Outlook, 2020- 2030F
    1. Market Size & Analysis
      1. Market Revenue (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        1. Scooters- Market Size & Forecast 2020-2030, Thousand Units
        2. Mopeds- Market Size & Forecast 2020-2030, Thousand Units
        3. Motorcycles- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
      3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  15. India OTR Vehicle Tire Market Outlook, 2020- 2030F
    1. Market Size & Analysis
      1. Market Revenue (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
        1. Earthmoving Equipment- Market Size & Forecast 2020-2030, Thousand Units
        2. Agricultural Vehicles- Market Size & Forecast 2020-2030, Thousand Units
        3. Material Handling Vehicles- Market Size & Forecast 2020-2030, Thousand Units
      2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
      3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
      4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
      5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
  16. India Tire Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Company Profiles
      1. MRF
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Apollo Tyres
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. CEAT
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. JK Tyres & Industries Ltd.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Balakrishna Tires
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. TVS Srichakra Ltd.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Goodyear India
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Bridgestone India Pvt. Ltd.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Michelin India Pvt. Ltd.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Continental India
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  18. 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.

Data Trangulation

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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