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

Name: India Tire Market Research Report: Forecast (2025-2030)
Creator: MarkNtel Advisors
License: https://www.marknteladvisors.com/privacy-policy

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, T...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
Pages 122
Report Format: PDF, Excel, PPT

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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.

India Tire Market Challenge:

Fluctuations in the Prices of Raw Materials Impeding Market Growth – The Indian tire industry has significant challenges due to fluctuations in the pricing of raw materials, specifically natural rubber and derivatives derived from crude oil. These materials account for a large percentage of production costs; thus, any form of price fluctuation has a significant impact on the demand for Indian tire brands globally. Tire manufacturers may face challenges in the form of higher production costs as raw material prices rise, which may hinder their growth & global expansion if they can't transfer these increased costs to customers in the form of higher pricing.

Furthermore, to reduce risks, price volatility demands careful supply chain management and strategic procurement, which can raise operational complexity and expenses. These variations affect tire companies' financial standing as well as their ability to implement pricing plans with certainty, which reduces their competitiveness in both home and foreign markets. Manufacturers must take agile and adaptable measures to manage these swings, such as investing in alternative materials or technologies and diversifying their sourcing alternatives.

India Tire Market Trend:

Increasing Demand for Eco-Friendly and Sustainable Tires – There is an increasing demand for eco-friendly and sustainable tires in the Indian tire industry because consumers are becoming more aware of climate change and its adverse impact on their lives. Moreover, sustainable tire solutions are becoming more and more popular due to the stricter regulations regarding emissions and waste management in the country. Tires with lower rolling resistance are more in demand from customers because they improve fuel economy, emit fewer greenhouse gases, and are composed of eco-friendly materials. To respond to this new market trend, the top tire companies in India by market share are making substantial investments in green technology and creating tires that use sustainable raw materials, including eco-friendly lubricants and natural rubber sourced from sustainable plantations.

The introduction of smart tires that monitor and optimize performance, along with other innovations like tire recycling programs, also helps the market achieve its sustainability objectives. This trend promotes growth and innovation in the tire business by not only complying with international environmental regulations but also meeting customer preferences for goods that reduce their environmental impact.

India Tire Market (2025-30): Segmentation Analysis

The India Tire Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It also includes predictions for the period 2025–2030 at the national level. Based on analysis, the market has been further classified as:

Based on the Vehicle Type:

Two Wheelers
Three Wheelers
Passenger Cars
Light Commercial Vehicles (LCVs)
Medium & Heavy Commercial Vehicles
Off the Road (OTR) Vehicles

Amongst all, two-wheelers are anticipated to dominate the India Tire Market with the largest market share during 2025-30. Improving road infrastructure & increasing traffic across the country are the prime factors driving the sales of two-wheelers for hassle-free commutes. Besides, the growing middle- & lower-middle-class population, coupled with mounting awareness among people about the benefits of timely repairs & replacement of tires, is also stimulating the sales of tires for two-wheelers across India. Moreover, the high versatility & affordability of two-wheeler vehicles is another prominent factor behind their growing popularity among people and, in turn, projects notable growth for the tire market in India through 2030.

On the other hand, passenger cars are anticipated to contribute significantly to overall market growth & expansion through 2030. It owes principally to the improving economic status of people, coupled with the presence of top tire companies in the country that are introducing new vehicles with advanced features, which, in turn, is greatly benefiting the sales of tires and augmenting the overall market growth.

Moreover, the increasing penetration of cab and taxi services across India is another factor driving the sales of passenger cars for commercial purposes. Since such use of vehicles involves longer driving hours, their tires tend to wear off quickly. As a result, it is driving the sales of tires in the aftermarket category owing to frequent tire replacements and, in turn, fueling the market share of tire companies in the country.

Based on the Type of Tire:

Radial
Bias

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. Besides, the increasing awareness among vehicle owners about the benefits of radial tires, like lower rolling resistance, greater fuel efficiency, and superior stability on different road conditions, among others, is also stimulating the demand for these tires & augmenting the size & volume of the tire industry in India.

India Tire Industry Recent Development:

April 2023: A well-known tire manufacturer, CEAT Limited, partnered with a CEAT dealer, Bharat Tyres Gujarat Pvt Ltd., to create a cutting-edge truck service hub in Gandhidham.
April 2023: At its Bangalore facility, Continental started manufacturing Tire Pressure Monitoring Systems (TPMS) for passenger cars.

Gain a Competitive Edge with Our India Tire Market Report

The India Tire Market report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of market dynamics & make informed decisions.
This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
The India Tire Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

*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.

Frequently Asked Questions

A. The India Tire Market size is expected to grow at a compound annual growth rate (CAGR) of around 12.17% during the forecast period 2025-30.

A. India Tire Market size is valued at around USD 11.98 billion in 2024 & is projected to reach USD 21.27 billion by 2030.

A. Robust economic growth and increasing vehicle production are the most prominent aspects anticipated to drive the India Tire Market during 2025-30.

A. MRF, Apollo, CEAT, JK Tyres, Birla Tyres, Balakrishna Tires, Bridgestone, TVS, Continental, Goodyear, and others are the top companies operating in the India Tire Market.

A. The ‘two-wheelers’ segment held the largest share of the India Tire Market.

A. The increasing demand for eco-friendly and sustainable tires is the key trend shaping the growth of the India Tire Market.

A. The fluctuations in the prices of raw materials are possible restraints affecting the growth of the India Tire Market.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
India Tire Market Regulations, Policies and Product Standards
India Tire Market Trends & Developments
India Tire Market Dynamics
1. Growth Drivers
2. Challenges
India Tire Market Import Export Statistics
India Tire Market Value Chain & Stakeholder Margin Analysis
India Tire Market Hotspot & Opportunities
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
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
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
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
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
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
India Tire Market Key Strategic Imperatives for Success & Growth
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
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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