The India off-highway vehicle tire market size reached USD 14.78 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 27.74 Billion by 2033, exhibiting a growth rate (CAGR) of 7.25% during 2025-2033. The market is driven by expanding infrastructure projects, rising mechanization in agriculture, increased mining activities, government initiatives like "Make in India" and rural development schemes. Additionally, advancements in tire technology and growing exports contribute to market expansion.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 14.78 Billion |
Market Forecast in 2033 | USD 27.74 Billion |
Market Growth Rate 2025-2033 | 7.25% |
Increasing Demand from Infrastructure and Mining Sectors
India's rapid infrastructure development and expanding mining activities are significantly driving the demand for off-highway vehicle (OHV) tires. India's National Infrastructure Pipeline (NIP) aims to invest $1.4 trillion by 2025, fueling demand for heavy-duty construction and mining equipment, thereby boosting the market growth. In confluence with this, as of FY22, India had approximately 1,319 reporting mines, with 545 dedicated to metallic minerals and 775 to non-metallic minerals. This surge in mining activity has heightened the demand for large off-road tires used in dump trucks, loaders, and excavators. Furthermore, sales of construction equipment in India are projected to reach 122,000 units by 2025, up from 85,000 units in 2023, driving the OHV tire market. Manufacturers are innovating with advanced tire designs, such as radial tires with reinforced sidewalls, to enhance durability and fuel efficiency in rough terrains. Companies like Balkrishna Industries (BKT) and Apollo Tyres are expanding production capacities to cater to rising domestic and export demand.
Advancements in Tire Technology and Sustainable Solutions
Technological advancements in OHV tires, including smart tire technology and sustainable materials, are reshaping the market. The integration of TPMS (Tire Pressure Monitoring Systems) and IoT sensors in OHV tires is expected to grow by 20% annually from 2023 to 2025, improving safety and efficiency. In addition to this, companies are investing in bio-based rubber and recycled materials. By 2025, 30% of off-highway tires in India are expected to contain sustainable raw materials. Moreover, escalating focus on retreading that offers cost-effective and eco-friendly solutions is acting as another significant growth-inducing factor. These advancements are driven by the push for fuel efficiency, lower carbon footprints, and longer life cycles, benefiting industries like agriculture, mining, and construction.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on vehicle type, tire type, and demand category.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes construction equipment, agricultural vehicles, mining vehicles, material handling equipment, and others.
Tire Type Insights:
A detailed breakup and analysis of the market based on the tire type have also been provided in the report. This includes radial and bias.
Demand Category Insights:
The report has provided a detailed breakup and analysis of the market based on the demand category. This includes OEM and replacement.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Vehicle Types Covered | Construction Equipment, Agricultural Vehicles, Mining Vehicles, Material Handling Equipment, Others |
Tire Types Covered | Radial, Bias |
Demand Categories Covered | OEM, Replacement |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |