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India Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Indian Tyre Market Outlook 2021-2026:

The India tyre market size reached a volume of 179 Million Units in 2020. Looking forward, IMARC Group expects the market to reach a volume of 211 Million Units by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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 in-depth Indian tyre industry analysis in each sub-segment of the India tyre market, along with forecasts at the country and regional level from 2021-2026. 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 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 Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 1999
Five User License: US$ 2499
Corporate License: US$ 2999
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)

 

 

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    Impact of COVID-19
    5.4    Market Breakup by Vehicle Type
    5.5    Market Breakup by OEM and Replacement Segment
    5.6    Market Breakup by Domestic Production and Imports
    5.7    Market Breakup by Radial and Bias Tyre
    5.8    Market Breakup by Tube and Tubeless Tyre
    5.9    Market Breakup by Tyre Size
    5.10    Market Breakup by Price Segment
    5.11    Market Breakup by Region
    5.12    Market Forecast
    5.13    SWOT Analysis
        5.13.1    Overview
        5.13.2    Strengths
        5.13.3    Weaknesses
        5.13.4    Opportunities
        5.13.5    Threats
    5.14    Value Chain Analysis
        5.14.1    Overview
        5.14.2    Research and Development
        5.14.3    Raw Material Procurement
        5.14.4    Tyre Manufacturing
        5.14.5    Marketing
        5.14.6    Distribution
        5.14.7    End-Users
        5.14.8    Recycling
    5.15    Porters Five Forces Analysis
        5.15.1    Overview
        5.15.2    Bargaining Power of Buyers
        5.15.3    Bargaining Power of Suppliers
        5.15.4    Degree of Competition
        5.15.5    Threat of New Entrants
        5.15.6    Threat of Substitutes
    5.16    PESTEL Analysis
        5.16.1    Political
        5.16.2    Economic
        5.16.3    Social
        5.16.4    Legal
        5.16.5    Environmental
        5.16.6    Technological
    5.17    Price Analysis
        5.17.1    Price Indicators
        5.17.2    Price Structure
        5.17.3    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 Tyre 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), 2015-2020
Figure 3: India: Tyre Market: Breakup by Vehicle Type (in %), 2020
Figure 4: India: Tyre Market: Breakup by OEM and Replacement Segment (in %), 2020
Figure 5: India: Tyre Market: Breakup by Domestic Production and Imports (in %), 2020
Figure 6: India: Tyre Market: Breakup by Radial and Bias Tyres (in %), 2020
Figure 7: India: Tyre Market: Breakup by Tube and Tubeless Tyre (in %), 2020
Figure 8: India: Tyre Market: Breakup by Tyre Size (in %), 2020
Figure 9: India: Tyre Market: Breakup by Price Segment (in %), 2020
Figure 10: India: Tyre Market: Breakup by Region (in %), 2020
Figure 11: India: Tyre Market Forecast: Sales Volume (in Million Units), 2021-2026
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), 2015 & 2020
Figure 17: India: Tyre (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 18: India: Tyre (Three Wheelers) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 19: India: Tyre (Three Wheelers) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 20: India: Tyre (Passenger Cars) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 21: India: Tyre (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 22: India: Tyre (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 23: India: Tyre (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 24: India: Tyre (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 25: India: Tyre (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 26: India: Tyre (Off the Road) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 27: India: Tyre (Off the Road) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 28: India: Tyre (OEM Tyres) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 29: India: Tyre (OEM Tyres) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 30: India: Tyre (Replacement Tyres) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 31: India: Tyre (Replacement Tyres) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 32: India: Tyre (Domestic Production) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 33: India: Tyre (Domestic Production) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 34: India: Tyre (Imports) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 35: India: Tyre (Imports) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 36: India: Tyre (Bias Tyres) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 37: India: Tyre (Bias Tyres) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 38: India: Tyre (Radial Tyres) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 39: India: Tyre (Radial Tyres) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 40: India: Tyre (Tube Tyres) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 41: India: Tyre (Tube Tyres) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 42: India: Tyre (Tubeless Tyres) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 43: India: Tyre (Tubeless Tyres) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 44: India: Tyre (Small) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 45: India: Tyre (Small) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 46: India: Tyre (Medium) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 47: India: Tyre (Medium) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 48: India: Tyre (Large) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 49: India: Tyre (Large) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 50: India: Tyre (Low) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 51: India: Tyre (Low) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 52: India: Tyre (Medium) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 53: India: Tyre (Medium) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 54: India: Tyre (High) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 55: India: Tyre (High) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 56: North India: Tyre Market: Sales Volume (in Million Units), 2015 & 2020
Figure 57: North India: Tyre Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 58: West and Central India: Tyre Market: Sales Volume (in Million Units), 2015 & 2020
Figure 59: West and Central India: Tyre Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 60: South India: Tyre Market: Sales Volume (in Million Units), 2015 & 2020
Figure 61: South India: Tyre Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 62: East India: Tyre Market: Sales Volume (in Million Units), 2015 & 2020
Figure 63: East India: Tyre Market Forecast: Sales Volume (in Million Units), 2021-2026

List of Tables

Table 1: India: Tyre Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Tyre Market Forecast: Breakup by Vehicle Type (in Million Units), 2021-2026
Table 3: India: Tyre Market Forecast: Breakup by OEM and Replacement Segment (in Million Units), 2021-2026
Table 4: India: Tyre Market Forecast: Breakup by Domestic Production and Imports (in Million Units), 2021-2026
Table 5: India: Tyre Market Forecast: Breakup by Radial and Bias Tyres (in Million Units), 2021-2026
Table 6: India: Tyre Market Forecast: Breakup by Tube and Tubeless Tyres (in Million Units), 2021-2026
Table 7: India: Tyre Market Forecast: Breakup by Tyre Size (in Million Units), 2021-2026
Table 8: India: Tyre Market Forecast: Breakup by Price Segment (in Million Units), 2021-2026
Table 9: India: Tyre Market Forecast: Breakup by Region (in Million Units), 2021-2026
Table 10: India: Tyre Market Structure
Table 11: India: Tyre Market: Key Players

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Key Question Answered in this Report

The India tyre market reached a volume of 179 Million Units in 2020. 

The growing number of regional tyre manufacturing facilities based on the high prevalence of ‘Make in India’ trend is currently driving the India tyre market. 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary closure of numerous manufacturing units of tyres.

Based on the vehicle type, the India tyre market can be segmented into two wheelers, three wheelers, passenger cars, light commercial vehicles, medium and heavy commercial vehicles, and off the road. Among these, passenger cars currently account for the largest market share.

Based on the OEM and replacement segment, the India tyre market has been divided into OEM tyres, and replacement tyres, where replacement tyres currently exhibit a clear dominance in the market.

Based on the domestic production and imports, the India tyre market can be segregated into domestic production, and imports. Currently, domestic production holds the largest market segment.

Based on the radial and bias tyres, the India tyre market has been bifurcated into radial tyres, and bias tyres, where radial tyres currently hold the majority of the total market share. 

Based on the tube and tubeless tyres, the India tyre market can be categorized into tube tyres, and tubeless tyres. Currently, tubeless tyres exhibit a clear dominance in the market.

On a regional level, the market has been classified into North India, East India, West and Central India, and South India, where North India currently dominates the India tyre market.

Some of the major players in the India tyre market include MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd., etc.

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