According to IMARC Group's report titled "India Tyre Market Size, Share, Trends and Forecast by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region, 2025-2033", the report presents a thorough review featuring the India tyre market forecast, growth, outlook, trends, and research of the industry.
How Big is the India Tyre Industry?
The India tyre market size was valued USD 13.4 billion in 2024. By 2033, this figure is projected to reach around USD 27.6 billion, with a compound annual growth rate (CAGR) of 7.6% over the forecast period (2025-2033).
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India Tyre Market Trends:
- Radialization in Commercial Vehicles: There is a significant structural shift from bias-ply to radial tyres, particularly in the truck and bus segments, driven by the need for better fuel efficiency, longer tread life, and cost-effectiveness over long hauls.
- Development of EV-Specific Tyres: Manufacturers are increasingly designing specialized tyres for Electric Vehicles (EVs) that offer lower rolling resistance to extend battery range and possess higher load-bearing capacities to support heavier battery packs.
- Smart and Connected Tyres: The integration of IoT and sensors is gaining traction, leading to "smart tyres" equipped with Tyre Pressure Monitoring Systems (TPMS) that provide real-time data on pressure and temperature to enhance safety and fleet efficiency.
- Focus on Sustainability: Industry players are adopting "green manufacturing" practices, utilizing eco-friendly raw materials like bio-based oils and recycled rubber to align with global environmental standards and circular economy principles.
- Digital Retailing: The tyre purchasing journey is digitizing, with a growing number of consumers utilizing online platforms to compare prices and specifications, complemented by the expansion of service networks in Tier-2 and Tier-3 cities.
India Tyre Market Growth Drivers:
- Booming Automotive Sector: The continuous growth in automobile production and sales, coupled with rising vehicle ownership rates among the expanding middle class, is the primary engine driving demand for both OEM and replacement tyres.
- Infrastructure Development: Massive government investments in road infrastructure, such as the Bharatmala Pariyojana and new expressways, are boosting logistics and commercial vehicle utilization, thereby increasing tyre wear and replacement frequency.
- Dominant Replacement Market: The large and aging fleet of existing vehicles on Indian roads generates a consistent and substantial demand for replacement tyres, which accounts for the majority of the market share.
- Rapid Urbanization and Mobility: Increasing urbanization and the need for personal mobility are fueling the sales of passenger cars and two-wheelers, directly expanding the consumer base for tyres.
- Government Initiatives: Policies promoting domestic manufacturing, such as "Make in India" and restrictions on tyre imports, along with strict safety norms, are fostering a robust domestic production environment and quality standardization
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-tyre-market
An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:
- Apollo Tyres Ltd
- Bridgestone India Private Limited
- CEAT Ltd
- Continental Tyres
- JK Tyre & Industries Ltd.
- MRF Tyres
- The Goodyear Tire & Rubber Company
- Yokohama India Pvt Ltd
Comprehensive Market Report Highlights & Segmentation Analysis:
Analysis by Vehicle Type:
- Two Wheelers
- Three Wheelers
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Off the Road
The two-wheeler tyre segment holds the largest share in the India tyre market, driven by high demand, widespread usage, and a rapidly growing two-wheeler population.
Analysis by OEM and Replacement:
- OEM Tyres
- Replacement Tyres
The replacement tyre segment dominates the India tyre market, accounting for the largest share due to increasing vehicle ownership, wear and tear, and growing consumer demand.
Analysis by Domestic Production and Imports:
- Domestic Production
- Imports
Domestic tyre manufacturing holds a dominant position in the Indian tyre market, accounting for the majority share and driving growth across various vehicle segments nationwide.
Analysis by Radial and Bias Tyres:
- Bias Tyres
- Radial Tyres
Radial tyres hold a dominant position in the India tyre market, driven by their superior performance, durability, fuel efficiency, and increasing adoption across vehicle segments.
Analysis by Tube and Tubeless Tyres:
- Tube Tyres
- Tubeless Tyres
The tubeless tyre segment holds the largest market share in the India tyre industry, driven by growing consumer preference for enhanced safety, durability, and fuel efficiency.
Analysis by Tyre Size:
- Small
- Medium
- Large
The small tyre segment accounts for the largest market share in India, mainly due to strong demand for two-wheelers, entry-level cars, and compact commercial vehicles.
Analysis by Price Segment:
- Low
- Medium
- High
Regional Analysis:
- North India
- East India
- West and Central India
- South India
West and Central India dominate the Indian tyre market, driven by robust automotive manufacturing hubs, advanced infrastructure, high vehicle ownership, and strong regional demand for replacement tyres.
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Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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