The India Tire Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.

How Big is the India Tire Industry?

The India Tire Market size reached USD 198 Million in 2023. Looking forward, it is expected to rise at a CAGR of around 2.98% during the forecast period 2024-2030.

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India Tire Market Growth Opportunity:

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.

Competitor Breakdown: Top India Tire Companies 2024-2030

  • MRF
  • Apollo
  • CEAT
  • JK Tyres
  • Birla Tyres
  • Balakrishna Tires
  • Bridgestone
  • TVS
  • Continental
  • Goodyear

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Regional Analysis:

East, West, North, South.

  • Share of each region segment in the Market
  • Potential growth opportunities in the region
  • The growth rate of the region in the Industry

Breaking Down the India Tire Market Segmentation:

By Type of Vehicles

  • Passenger Car
  • Light Commercial Vehicle
  • Medium and Heavy Commercial Vehicles
  • Off the Road (OTR) Vehicles
  • Two Wheelers
  • Three Wheeler

By Demand Category

  • OEM
  • Aftermarket

By Type of Tire

  • Radial
  • Bias

By Sales Channel

  • Dealer/Distributor
  • Online
  • Others

By Season

  • All season
  • Summer
  • Winter

By Price Category

  • Budget
  • Economy
  • Premium

By Rim Diameter

  • Upto 12”
  • 1” to 15”
  • 1.” to 18”
  • 1” to 20”
  • 1” to 22.5”
  • 6” to 26”
  • 1” to 35”
  • 1” to 47”
  • Above 47”

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