India Tire Market Regional Share, Top Companies Data, New Innovations, Growth Forecast

MarkNtel Advisors, a leading market research company, has recently releases report titled “India Tire Market Report by – By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Buses and Trucks, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By Demand Category (OEM and Replacement), By Type of Tires (Radial and Bias), By Sales Channel (Dealer/Distributor, Online and Others), and Region 2024-2030”. The study provides a detailed analysis of the industry, including the India Tire market size, share, top player, latest trends, and growth forecasts. The report also includes geographical analysis and highlights the latest advancements in the market.

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 Driver:

Robust Economic Growth & Increasing Vehicle Production –  The main factors driving the tire market in India are, in fact, the country’s strong economic development and increasing vehicle production. India’s middle class has been growing, and disposable incomes have increased due to the country’s significant economic growth. This increasing economic growth has augmented consumers’ expenditures on automobiles. To meet the rising need for both personal and commercial transportation, there has been a notable growth in vehicle production. Because every new vehicle needs tires, the market for tires in India is directly boosted by this increase in vehicle production.

The government’s emphasis on improving rural connectivity and infrastructure also increases demand for commercial vehicles, which augments the size & volume of the tire industry in the country. The emergence of electric vehicles and improvements in tire technology are also driving the growth & expansion of the tire industry in India. India’s position in the global tire industry is further strengthened by the growing emphasis on manufacturing capabilities and exports. The tire industry’s continuous growth and development are supported by these elements working together to produce a vibrant environment.

Competitor Breakdown: Top India Tire Companies 2024-2030

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

Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.

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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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• We offer strategic insights and data analytics across 80+ countries, empowering clients to make informed decisions.
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