India Tire

India Tire Market Research Report: Forecast (2022-27)

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 Demand Category (OEM and Repl Read more

  • Tire
  • Apr 2022
  • 122
  • TR10215

Market Definition

India's automotive & tire industries are extensive and witnessing a growing trend with the immense government support through favorable policies & massive investments, i.e., attracting foreign investments. Besides, the extensively present prominent tire manufacturers in India are introducing new tire models & setting up manufacturing facilities, which project lucrative prospects for the tire industry over the coming years.

Market Insights

The India Tire Market is expected to grow at a CAGR of around 6.6% during the forecast period, i.e., 2022-27. The estimated growth of the market owes primarily to the superior aftermarket sales, enhanced road conditions, increasing disposable income of people, and their persisted 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 leading tire manufacturers in the country are expanding their production while introducing new features in tires to cater to the increasing consumer requirements.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 6.6%
Regions Covered East: Bihar, Orissa, Jharkhand, West Bengal, Chhattisgarh, North-Eastern States
West: Rajasthan, Gujarat, Goa, Maharastra, Madhya Pradesh
North: Jammu & Kashmir, Punjab, Uttar Pradesh, Uttarakhand, Haryana, Himachal Pradesh 
South: Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana
Key Companies Profiled MRF, Apollo, CEAT, JK Tyres, Birla Tyres, Balakrishna Tires, Bridgestone, TVS, Continental, Goodyear
Unit Denominations USD Million/Billion


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 and 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 the 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 leading market players to develop EV-compatible tires and provide replacements for fuel-based cars to increase fuel efficiency & significantly reduce these emissions. 

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 industry in India through 2027.

Impact of Covid-19 on the India Tire Market

The advent of Covid-19 in 2020 had a catastrophic impact on most industries across India while introducing several unprecedented challenges for the leading players operating in the automotive & tire industries. While the government imposed lockdowns & stringent movement restrictions & suspended all business operations associated with the market to curb the spread of this dreadful disease, the leading tire manufacturers in the country faced massive revenue losses. These challenges included disruptions in the supply chain, shortage of raw materials, delays in the deliveries & production of tires, & fluctuations in the prices of raw materials & tires, among others, amidst the crisis.

As a result, tire manufacturers had to shift to online platforms to sell their products via e-commerce websites and provide door-step delivery & installation to their customers. Later, as the Covid-19 cases began declining gradually, the government uplifted the restrictions & allowed the recommencement of industrial operations, which enabled tire manufacturers to resume their production to cater to varied end-user requirements for tires, and, in turn, promoted the market expansion amidst the pandemic.

Market Segmentation

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 share during 2022-27. The improving road infrastructure & increasing traffic across the country are the prime aspects driving the sales of two-wheelers for the hassle-free commute.

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 2027.

On the other hand, passenger cars are anticipated to contribute significantly to the overall market growth through 2027. It owes principally to the improving economic status of people, coupled with prominent automakers present in the country and introducing new vehicles with advanced features, which, in turn, is greatly benefitting the sales of tires and augmenting the overall market growth.

Moreover, increasing penetration of cab/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 overall growth of the tire industry.

Based on the Type of Tire:

  • Radial 
  • Bias

Here, radial tires are anticipated to dominate the market with the largest share during 2022-27, 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 & propelling the overall market growth.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the India Tire Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the India Tire Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the India Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the India Tire Market study?

Frequently Asked Questions

A. The India Tire Market is projected to grow at around 6.6% CAGR during 2022-27.

A. Rapidly growing vehicle fleet due to improving economic conditions of people, coupled with the mounting consumer awareness about the benefits of timely tire replacements to ensure utmost safety, are projected to drive the India Tire market through 2027.

A. Various government initiatives for promoting the adoption of EVs, i.e., generating opportunities for tire manufacturers to introduce EV-compatible tires, is the key trend in the India Tire Market.

A. Two-wheelers are anticipated to emerge as an area of remunerative opportunities for the leading players in the India Tire Market over the forecast years.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Experts Verbatim-What our experts say?

4.     India Tire Market Analysis, 2017- 2027

4.1.   Market Size & Analysis

4.1.1. Market Revenue

4.1.2. Units Sold

4.1.3. Domestic Production Trend

4.2.   Market Share & Analysis

4.2.1. By Type of Vehicles          Passenger Car          Light Commercial Vehicle          Medium and Heavy Commercial Vehicles          Off the Road (OTR) Vehicles          Two Wheelers          Three Wheeler

4.2.2. By Demand Category          OEM          Aftermarket

4.2.3. By Type of Tire          Radial          Bias

4.2.4. By Sales Channel          Dealer/Distributor          Online          Others

4.2.5. By Season          All season          Summer          Winter

4.2.6. By Price Category          Budget          Economy          Premium

4.2.7. 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”

4.2.8. By Region  East  Bihar  Orissa  Jharkhand  West Bengal  Chhattisgarh  North-Eastern States  West  Rajasthan  Gujarat  Goa  Maharastra  Madhya Pradesh  North  Jammu & Kashmir  Punjab  Uttar Pradesh  Uttarakhand  Haryana  Himachal Pradesh  South  Andhra Pradesh  Karnataka  Kerala  Tamil Nadu  Telangana

4.2.9. By Company  Revenue Shares & Units Sold  Strategic Factorial Indexing  Competitor Placement in MarkNtel Quadrant

5.     India Passenger Car Tire Market Analysis, 2017- 2027

5.1.   Market Size & Analysis

5.1.1. Market Revenue

5.1.2. Units Sold  

5.2.   Market Share & Analysis

5.2.1. By Type of Vehicle  Sedan  SUV  Hatchbacks  Others

5.2.2. By Demand Category

5.2.3. By Type of Tire

5.2.4. By Sales Channel

5.2.5. By Season

5.2.6. By Price Category

5.2.7. By Rim Diameter

5.2.8. By Region

5.2.9. By Company

6.     India Light Commercial Vehicle Tire Market, 2017-2027

6.1.   Market Size & Analysis

6.1.1. Market Revenue

6.1.2.Units Sold

6.2.   Market Share & Analysis

6.2.1. By Type of Vehicle  Light Trucks  Light Buses  Pick-up Trucks and Vans

6.2.2. By Demand Category

6.2.3. By Type of Tire

6.2.4. By Sales Channel

6.2.5. By Season

6.2.6. By Price Category

6.2.7. By Rim Diameter

6.2.8. By Region

6.2.9. By Company

7.     India Medium-Heavy Commercial Vehicle Tire Market, 2017-2027

7.1.   Market Size & Analysis

7.1.1. Market Revenue

7.1.2. Units Sold

7.2.   Market Share & Analysis

7.2.1. By Type of Vehicle  Trucks  Buses

7.2.2. By Demand Category

7.2.3. By Type of Tire

7.2.4. By Sales Channel

7.2.5. By Season

7.2.6. By Price Category

7.2.7. By Rim Diameter

7.2.8. By Region

7.2.9. By Company

8.     India Two-Wheeler Tire Market, 2017-2027

8.1.   Market Size & Analysis

8.1.1. Market Revenue

8.1.2. Units Sold

8.2.   Market Share & Analysis

8.2.1. By Type of Vehicle  Scooters  Mopeds  Motorcycles

8.2.2. By Demand Category

8.2.3. By Type of Tire

8.2.4. By Sales Channel

8.2.5. By Season

8.2.6. By Price Category

8.2.7. By Rim Diameter

8.2.8. By Region

8.2.9. By Company

9.     India OTR Vehicle Tire Market, 2017-2027

9.1.   Market Size & Analysis

9.1.1. Market Revenue

9.1.2. Units Sold

9.2.   Market Share & Analysis

9.2.1. By Type of Vehicle  Earthmoving Equipment  Construction and Agricultural Vehicles  Material Handling Vehicles

9.2.2. By Demand Category

9.2.3. By Type of Tire

9.2.4. By Sales Channel

9.2.5. By Season

9.2.6. By Price Category

9.2.7. By Rim Diameter

9.2.8. By Region

9.2.9. By Company

10.  India Three-Wheeler Vehicle Tire Market, 2017-2027

10.1.Market Size & Analysis

10.1.1. Market Revenue

10.1.2. Units Sold

10.2.Market Share & Analysis

10.2.1. By Type of Vehicle Passenger Carrier Load Carrier

10.2.2. By Demand Category

10.2.3. By Type of Tire

10.2.4. By Sales Channel

10.2.5. By Season

10.2.6. By Price Category

10.2.7. By Rim Diameter

10.2.8. By Region

10.2.9. By Company

11.  India Tire Market Policies, Regulations, Product and Services Standards

12.  India Tire Market Trends & Insights

13.  Global Healthcare IT Market Dynamics

13.1.Growth Drivers


13.3.Impact Analysis

14.  India Tire Market Hotspot & Opportunities

15.  India Tire Market Key Strategic Imperatives for Success & Growth

16.  India Competition Outlook

16.1.  Competition Matrix

16.1.1. Product and Services Portfolio

16.1.2. Brand Specialization

16.1.3. Target Markets

16.1.4. Target End Users

16.1.5. Research & Development

16.1.6. Strategic Alliances

16.1.7. Strategic Initiatives

16.2.  Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

16.2.1.   MRF

16.2.2.   Apollo

16.2.3.   CEAT

16.2.4.   JK Tyres

16.2.5.   Birla Tyres

16.2.6.   Balakrishna Tires

16.2.7.   Bridgestone

16.2.8.   TVS

16.2.9.   Continental

16.2.10.  Goodyear

17.  Disclaimer

India Tire Market Segmentation