India Tyre Market Size 2022: Share, Trends, Opportunity and Forecast

According to the latest report by IMARC Group, titled "India Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the India tyre market size reached 182 Million Units in 2021. On account of the aforementioned factors, the market is expected to reach a volume of 221.8 Million Units by 2027, growing at a CAGR of 3.59% during 2022-2027.

A tyre is a ring-shaped material that covers the outer edge of the wheel rim to provide traction on the surface and protect them from damage and load. It is mainly composed of natural or synthetic rubber materials, including plasticizers, chemicals, bead wires, and vulcanization accelerators. Tyre helps in balancing the vehicle weight, maintaining directions, enhancing driving dynamics, and dampening the shocks from the roads. On account of these properties, tyre finds extensive application in several passenger and commercial vehicles, including cars, buses, military vehicles, motorcycles, and trucks.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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India Tyre Market Trends and Drivers:

The Indian tyre market is primarily driven by the substantial expansion in the automotive sector and the increasing sales of commercial and passenger automobiles. Moreover, the rising environmental concerns have prompted the Government of India (GoI) to promote the uptake of several lightweight and eco-friendly products, such as green tires for lowering resistance and carbon emissions, which, in turn, is propelling the market growth. Apart from this, shifting consumer inclination toward premium quality tyres to reduce the risk of road accidents and strategic collaborations amongst original equipment manufacturers (OEMs) to introduce airless three-dimensional (3D) printed product variants are contributing to the market growth.

India Tyre Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

MRF Limited
CEAT Limited
JK Tyre & Industries Ltd.
Apollo Tyres Ltd.

Key Market Segmentation:

The report has segmented the  India tyre market on the basis of vehicle type, OEM and replacement segment, domestic production and imports, radial and bias tyres, tube and tubeless tyres, tyre size, price segment and region.

Breakup by Vehicle Type:

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

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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