India tyre market reached a consumption volume of 176 Million units in 2018. India represents the fourth largest market for tyres in the world after China, Europe and the United States. In India, the market is currently being driven by increasing radialization of tyres especially in buses and trucks. Moreover, the tyre industry consists of a vast consumer base, they are used in all type of vehicles which include passenger cars, buses, military vehicles, motorcycles, trucks, etc. The demand of tyres is primarily catalyzed from two end-user segments - OEMs and the replacement segment. The Replacement market currently dominates the tire market accounting for most of the total sales. Demand by the OEM segment is driven by new automobile sales trend, whereas, the replacement market is linked to the usage patterns and replacement cycles. The market for tyres is quite concentrated in India with the top 10 manufacturers accounting for around 80 per cent of the total market. MRF, Apollo Tyres and JK Tyres currently represent the top players in this market. Looking forward, we expect the market to reach a volume of 239 Million Units by 2024 growing at a CAGR of nearly 5% during 2019-2024.
IMARC Group’s latest report provides a deep insight into the Indian tyre market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian tyre market in any manner.
Report Scope:
- Historical, Current and Future Market Trends
- Market Breakup by Vehicle Type
- Two Wheelers
- Three Wheelers
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Off the Road
- Market Breakup by OEM and Replacement Segment
- OEM Tyres
- Replacement Tyres
- Market Breakup by Domestic Production and Imports
- Domestic Production
- Imports
- Market Breakup by Radial and Bias Tyres
- Market Breakup by Tube and Tubeless Tyres
- Tube Tyres
- Tubeless Tyres
- Market Breakup by Tire Size
- Market Breakup by Price Segment
- Market Breakup by Region
- North India
- East India
- West and Central India
- South India
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd., etc
Key Questions Answered in This Report:
- How has the Indian tyre market performed so far and how will it perform in the coming years?
- What are the key regional markets in the Indian tyre industry?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the OEM and replacement segment?
- What is the breakup of the market based on the domestic production and imports?
- What is the breakup of the market based on radial and bias tyres?
- What is the breakup of the market based on tube and tubeless tyres?
- What is the breakup of the market based on the tyre size?
- What is the breakup of the market based on the price segment?
- What are the various stages in the value chain of the Indian tyre industry?
- What are the key driving factors and challenges in the Indian tyre industry?
- What is the structure of the Indian tyre industry and who are the key players?
- What is the degree of competition in the Indian tyre industry?
- What are the profit margins in the Indian tyre industry?
Report Coverage:
- Base Year Considered: 2018
- Historical Data Coverage: 2013-2018
- Market Forecast: 2019-2024
- Currency: US$
- Geography Covered: India
- Segments Covered: Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tire Size, Price Segment and Region
Report Customization: Although IMARC has tried to cover everything in the tyre market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Tyre Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Vehicle Type
5.4 Market Breakup by OEM and Replacement Segment
5.5 Market Breakup by Domestic Production and Imports
5.6 Market Breakup by Radial and Bias Tyre
5.7 Market Breakup by Tube and Tubeless Tyre
5.8 Market Breakup by Tire Size
5.9 Market Breakup by Price Segment
5.10 Market Breakup by Region
5.11 Market Forecast
5.12 SWOT Analysis
5.12.1 Overview
5.12.2 Strengths
5.12.3 Weaknesses
5.12.4 Opportunities
5.12.5 Threats
5.13 Value Chain Analysis
5.13.1 Overview
5.13.2 Research and Development
5.13.3 Raw Material Procurement
5.13.4 Tyre Manufacturing
5.13.5 Marketing
5.13.6 Distribution
5.13.7 End-Users
5.13.8 Recycling
5.14 Porters Five Forces Analysis
5.14.1 Overview
5.14.2 Bargaining Power of Buyers
5.14.3 Bargaining Power of Suppliers
5.14.4 Degree of Competition
5.14.5 Threat of New Entrants
5.14.6 Threat of Substitutes
5.15 PESTEL Analysis
5.15.1 Political
5.15.2 Economic
5.15.3 Social
5.15.4 Legal
5.15.5 Environmental
5.15.6 Technological
5.16 Price Analysis
5.16.1 Price Indicators
5.16.2 Price Structure
5.16.3 Margin Analysis
6 Market Breakup by Vehicle Type
6.1 Two Wheelers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Three Wheelers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Passenger Cars
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Light Commercial Vehicles
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Medium and Heavy Commercial Vehicles
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Off the Road
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by OEM and Replacement Segment
7.1 OEM Tyres
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Replacement Tyres
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Domestic Production and Imports
8.1 Domestic Production
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Imports
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Radial and Bias Tyres
9.1 Bias Tyres
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Radial Tyres
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Tube and Tubeless Tyres
10.1 Tube Tyres
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Tubeless Tyres
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Tire Size
11.1 Small
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Medium
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Large
11.3.1 Market Trends
11.3.2 Market Forecast
12 Market Breakup by Price Segment
12.1 Low
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Medium
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 High
12.3.1 Market Trends
12.3.2 Market Forecast
13 Market Breakup by Region
13.1 North India
13.1.1 Market Trends
13.1.2 Market Forecast
13.2 West and Central India
13.2.1 Market Trends
13.2.2 Market Forecast
13.3 South India
13.3.1 Market Trends
13.3.2 Market Forecast
13.4 East India
13.4.1 Market Trends
13.4.2 Market Forecast
14 Government Regulations
15 Strategic Recommendations
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 MRF Limited
16.3.2 CEAT Limited
16.3.3 JK Tyre & Industries Ltd
16.3.4 Apollo Tyres Ltd
List of Figures
Figure 1: India: Tyre Market: Major Drivers and Challenges
Figure 2: India: Tyre Market: Sales Volume (in Million Units), 2013-2018
Figure 3: India: Tyre Market: Breakup by Vehicle Type (in %), 2018
Figure 4: India: Tyre Market: Breakup by OEM and Replacement Segment (in %), 2018
Figure 5: India: Tyre Market: Breakup by Domestic Production and Imports (in %), 2018
Figure 6: India: Tyre Market: Breakup by Radial and Bias Tyres (in %), 2018
Figure 7: India: Tyre Market: Breakup by Tube and Tubeless Tyre (in %), 2018
Figure 8: India: Tyre Market: Breakup by Tyre Size (in %), 2018
Figure 9: India: Tyre Market: Breakup by Price Segment (in %), 2018
Figure 10: India: Tyre Market: Breakup by Region (in %), 2018
Figure 11: India: Tyre Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 12: India: Tyre Industry: SWOT Analysis
Figure 13: India: Tyre Industry: Value Chain Analysis
Figure 14: India: Tyre Industry: Porter’s Five Forces Analysis
Figure 15: India: Tyre Industry: PESTEL Analysis
Figure 16: India: Tyre (Two Wheelers) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 17: India: Tyre (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 18: India: Tyre (Three Wheelers) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 19: India: Tyre (Three Wheelers) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 20: India: Tyre (Passenger Cars) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 21: India: Tyre (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 22: India: Tyre (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 23: India: Tyre (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 24: India: Tyre (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 25: India: Tyre (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 26: India: Tyre (Off the Road) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 27: India: Tyre (Off the Road) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 28: India: Tyre (OEM Tyres) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 29: India: Tyre (OEM Tyres) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 30: India: Tyre (Replacement Tyres) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 31: India: Tyre (Replacement Tyres) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 32: India: Tyre (Domestic Production) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 33: India: Tyre (Domestic Production) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 34: India: Tyre (Imports) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 35: India: Tyre (Imports) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 36: India: Tyre (Bias Tyres) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 37: India: Tyre (Bias Tyres) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 38: India: Tyre (Radial Tyres) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 39: India: Tyre (Radial Tyres) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 40: India: Tyre (Tube Tyres) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 41: India: Tyre (Tube Tyres) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 42: India: Tyre (Tubeless Tyres) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 43: India: Tyre (Tubeless Tyres) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 44: India: Tyre (Small) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 45: India: Tyre (Small) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 46: India: Tyre (Medium) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 47: India: Tyre (Medium) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 48: India: Tyre (Large) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 49: India: Tyre (Large) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 50: India: Tyre (Low) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 51: India: Tyre (Low) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 52: India: Tyre (Medium) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 53: India: Tyre (Medium) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 54: India: Tyre (High) Market: Sales Volume (in Million Units), 2013 & 2018
Figure 55: India: Tyre (High) Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 56: North India: Tyre Market: Sales Volume (in Million Units), 2013 & 2018
Figure 57: North India: Tyre Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 58: West and Central India: Tyre Market: Sales Volume (in Million Units), 2013 & 2018
Figure 59: West and Central India: Tyre Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 60: South India: Tyre Market: Sales Volume (in Million Units), 2013 & 2018
Figure 61: South India: Tyre Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 62: East India: Tyre Market: Sales Volume (in Million Units), 2013 & 2018
Figure 63: East India: Tyre Market Forecast: Sales Volume (in Million Units), 2019-2024
List of Tables
Table 1: India: Tyre Market: Key Industry Highlights, 2018 and 2024
Table 2: India: Tyre Market Forecast: Breakup by Vehicle Type (in Million Units), 2019-2024
Table 3: India: Tyre Market Forecast: Breakup by OEM and Replacement Segment (in Million Units), 2019-2024
Table 4: India: Tyre Market Forecast: Breakup by Domestic Production and Imports (in Million Units), 2019-2024
Table 5: India: Tyre Market Forecast: Breakup by Radial and Bias Tyres (in Million Units), 2019-2024
Table 6: India: Tyre Market Forecast: Breakup by Tube and Tubeless Tyres (in Million Units), 2019-2024
Table 7: India: Tyre Market Forecast: Breakup by Tyre Size (in Million Units), 2019-2024
Table 8: India: Tyre Market Forecast: Breakup by Price Segment (in Million Units), 2019-2024
Table 9: India: Tyre Market Forecast: Breakup by Region (in Million Units), 2019-2024
Table 10: India: Tyre Market Structure
Table 11: India: Tyre Market: Key Players