India Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

India Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1261
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India Tyre Market Outlook 2023-2028:

The India tyre market size reached 188.9 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 225.6 Million Units by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.

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 the increasing radialization of tyres, especially in buses and trucks. Moreover, the tyre industry consists of a vast consumer base; they are used in all types of vehicles which include passenger cars, buses, military vehicles, motorcycles, trucks, etc. The demand for tyres is primarily catalyzed from two end-user segments - OEMs and the replacement segment. The replacement market currently dominates the tyre market accounting for most of the total sales. Demand by the OEM segment is driven by new automobile sales trends, 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 percent of the total market share. MRF, Apollo Tyres and JK Tyres currently represent the top players in this market.

 

 
 

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India tyre market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on vehicle type, OEM and replacement segment, domestic production and imports, radial and bias tyres, tube and tubeless tyres, tyre size and price segment.

Breakup by Vehicle Type:

 

 
 

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  • Two Wheelers
  • Three Wheelers
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium and Heavy Commercial Vehicles
  • Off the Road
     

Breakup by OEM and Replacement Segment:

  • OEM Tyres
  • Replacement Tyres
     

Breakup by Domestic Production and Imports:

  • Domestic Production
  • Imports
     

Breakup by Radial and Bias Tyres:

  • Bias Tyres
  • Radial Tyres
     

Breakup by Tube and Tubeless Tyres:

  • Tube Tyres
  • Tubeless Tyres
     

Breakup by Tyre Size:

  • Small
  • Medium
  • Large
     

Breakup by Price Segment:

  • Low
  • Medium
  • High
     

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 India tyre companies being MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd., etc

IMARC Group’s latest report provides a deep insight into the India 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 India tyre market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Units
Segment Coverage Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, Region
Region Covered North India, East India, West and Central India, South India
Companies Covered MRF Limited, CEAT Limited, JK Tyre & Industries Ltd. and Apollo Tyres Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2999
Five User License: US$ 3999
Corporate License: US$ 4999
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)

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India Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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