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

India Electric Vehicle Tire Market - By Vehicle Type (Passenger Cars, Commercial Cars, Two-Wheelers), By Product Type (Radial Tires, Bias Tires), By Tire Size (Up to 14”,15”-18”, Above 18”), By Propul... ... ”, Above 18”), By Propulsion (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)), By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarkets), and Others Read more

Tire
Dec 2024
Pages 93
Report Format: PDF, Excel, PPT

Market Definition

Electric vehicle tires are essential components of electric vehicles that are prominently responsible for providing directional stability, enhanced endurance, and overall vehicle safety.

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

India Electric Vehicle Tire Market size was valued at around 8.39 Million Units in 2024 and is projected to reach 48.39 Million Units by 2030. Along with this, the market is estimated to grow at a CAGR of around 32.04% during the forecast period, i.e., 2025-30. The market is driven by the rapidly increasing concerns over environmental degradation, excessive use of fossil fuels, and mounting emissions, leading to several health issues while challenging sustainability.

Report Coverage	Details
Historical Years	2020-23
Base Years	2024
Forecast Years	2025-30
Market Value in 2024	8.39 Million Units
Market Value in 2030	48.39 Million Units
CAGR (2025-30)	32.04%
Top Key Players	Apollo Tyres, Bridgestone, Ceat Tire, Continental AG, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Co., Hankook Tire & Technology Co. Ltd., Michelin, Nokian Tyres, Pirelli & C. S.p.A., Yokohama Rubber Co. Ltd., Others
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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According to ICCT (The International Council on Clean Transportation), transport is a key contributor to carbon dioxide (CO2) emissions in India. Within the transportation sector, road transport is responsible for 90% of total energy consumption. It, in turn, is propelling a critical need to adopt eco-friendly alternatives like Electric Vehicles as a step toward bringing greater sustainability and directly influencing the tire industry. Besides, the automotive sector is expansive in the country & remunerative for EVs. The government is also supporting the industry massively and encouraging the development of EVs and its associated sectors, including tires, through policies, frameworks, and regulations, among others. For instance:

The NITI Aayog (National Institution for Transforming India) revealed that the investments in the EV transition in the country are estimated to be around INR 19.7 lakh crore (USD 266 billion) between 2020 and 2030. It would propel the need for greater financial liquidity & lower capital in assets & infrastructure for the same, which can be led by the NITI Aayog & World Bank to meet such requirements.

Hence, it generates substantial opportunities for the tire industry to increase the production of EV tires and cater to the burgeoning demands. Moreover, the country's goal to maximize the adoption of Electric vehicles & achieve complete electrification by 2030, is creating massive opportunities for the EV tire industry in the country to contemplate in the future. Furthermore, improving the economic conditions of the people, changing living standards, and greater inclination toward private ownership of vehicles are the other aspects hinting toward a rise in the sales of vehicles, including EVs, and positively influencing the tire demands in India. These aspects are very likely to prevail in the coming years and contribute to market expansion in the future.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
India Electric Vehicle Tire Market Trends & Insights
India Electric Vehicle Tire Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
India Electric Vehicle Tire Market Hotspot & Opportunities
India Electric Vehicle Tire Market Supply Chain Analysis
India Electric Vehicle Tire Market Policies & Regulations
India Electric Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Vehicle Type
    1. Passenger Cars- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    2. Commercial Cars- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    3. Two-Wheelers- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  2. By Product Type
    1. Radial Tires- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    2. Bias Tires- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  3. By Tire Size
    1. Up to 14”- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    2. 15”-18”- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    3. Above 18”- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  4. By Propulsion
    1. Battery Electric Vehicle (BEV)- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    2. Hybrid Electric Vehicle (HEV)- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  5. By Sales Channel
    1. Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
    2. Aftermarkets- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  6. By Company
    1. Market Shares
    2. Competition Characteristics
India Passenger Electric Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  2. By Product Type- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  3. By Tire Size- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
India Commercial Electric Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  2. By Product Type- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  3. By Tire Size- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
India Two-Wheeler Electric Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
  2. By Product Type- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units) (Thousand Units)
  3. By Tire Size- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target End Users
  4. Manufacturing Units
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles (Business Description, Product Offering, Business Segments, Financials, Strategic Alliances or Partnerships, Future Plans)
  1. Apollo Tyres
  2. Bridgestone
  3. Ceat Tire
  4. Continental AG
  5. Cooper Tire & Rubber Company
  6. Goodyear Tire & Rubber Co.
  7. Hankook Tire & Technology Co. Ltd.
  8. Michelin
  9. Nokian Tyres
  10. Pirelli & C. S.p.A.
  11. Yokohama Rubber Co. Ltd.
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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