India Two-Wheeler Radial Tire Market Overview: Driving Forces Behind Rapid Growth & Expansion

A Quick Overview of India Two-Wheeler Radial Tire Market

• Base Year: 2023

• Historical Years: 2019-2022

• Forecast Years: 2024-2030

• Market Growth Rate: 6.7% (2024-2030)

The key object of this report on the India Two-Wheeler Radial Tire Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the India Two-Wheeler Radial Tire Market size is estimated to grow at a CAGR of around 6.7% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Challenge-

Presence of Counterfeit and Low-Quality Radial Tires - The India Two-Wheeler Radial Tire Market has been facing a significant challenge due to the presence of counterfeit and low-quality radial tires. These substandard alternatives have been available at a lower price, making them attractive to price-sensitive consumers. The price differential has led consumers to adopt counterfeit radial tires, which has impacted the sales of radial tires in the market.

In addition, the Indian government has been constantly observed to discover unorganized players producing counterfeit tires of popular brands like CEAT, MRF, etc. Hence, as the number of counterfeit tires has been constantly rising across the nation, the sales of original tires have been negatively affected.

India Two-Wheeler Radial Tire Market Report Segmentation:

The report by MarkNtel Advisors on India Two-Wheeler Radial Tire Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

• By Two-Wheeler Type (Moped & Scooter, Motorcycle)

- The motorcycle segment held a significant share in the India Two-Wheeler Radial Tire Market mainly driven by the high demand for motorcycles in the urban parts of the country. This demand has been majorly arising among the working population of the country due to easy maneuverability, as motorcycles are more suited for negotiating through congested streets and high traffic. These factors resulted in higher sales of motorcycles in the cities, which generated an increased demand for radial tires by the OEMs to increase their production to cater to incoming demand.

• By Tire Size (Front Tire, [100/80 R17, 110/70 R17, 120/70 R 17, 80/100 R 18, Others (80/100 R 17, 90/90 R 17, etc.)], Rear Tire [190/55 R 17, 180/55 R 17, 100/90 R 17, 160/60 R 17], Others (130/70 R 17, 150/60 R 17, etc.)])

• By Engine Type (Internal Combustion Engine, Electric)

• By Price Category (Budget, Economy, Premium)

• By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets)

• By Demand Type (OEMs, [Yamaha, Bajaj, Husqvarna, Royal Enfield, KTM, Hero, Suzuki, Others], Aftermarket)

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Some of the Top India Two-Wheeler Radial Tire Companies in the Market

In the fast-changing India Two-Wheeler Radial Tire Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• MRF Ltd.

• Apollo Tyres Ltd.

• CEAT Limited

• TVS Srichakra Limited

• Michelin India Pvt. Ltd.

• Pirelli Tyres SA

• JK Tyres & Industries

• Goodyear India Limited

• Continental India Pvt. Ltd.

• Bridgestone India Pvt. Ltd.

• Others

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