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India Tire Market Outlook: Growth to 239.30 Mn Units by 2030 at 3% CAGR

12-20-2024 05:38 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

India Tire Market

India Tire Market

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

The India tire market is experiencing robust expansion, fueled by rising automotive production, increasing urbanization, and advancements in tire technology. Valued at 194.57 Mn in 2023, the market is projected to grow at a CAGR of 3 %, reaching 239.30 Mn by 2030. This press release delves into the dynamics of the India tire market, highlighting regional developments and industry trends in countries such as Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/21022/

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam's burgeoning automotive industry is driving demand for tires, with significant investments in production facilities. ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ and ๐ƒ๐ฎ๐ง๐ฅ๐จ๐ฉ ๐“๐ข๐ซ๐ž๐ฌ are expanding their presence to cater to rising consumer demand. Additionally, government incentives for foreign investments have encouraged collaborations between local manufacturers and global giants.

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand, a leading exporter of natural rubber, is capitalizing on its resources to bolster tire production. Key players like ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง and ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ have established advanced manufacturing plants in the country. Recent mergers, such as the partnership between ๐“๐ก๐š๐ข ๐‘๐ฎ๐›๐›๐ž๐ซ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ and ๐’๐ฎ๐ฆ๐ข๐ญ๐จ๐ฆ๐จ ๐‘๐ฎ๐›๐›๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ, highlight Thailand's strategic importance in the global tire industry.

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

Japan continues to lead in tire innovation, focusing on eco-friendly and fuel-efficient designs. Companies like ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž and ๐˜๐จ๐ค๐จ๐ก๐š๐ฆ๐š ๐‘๐ฎ๐›๐›๐ž๐ซ ๐‚๐จ. are pioneering advancements in materials and tread technologies. The introduction of smart tires with real-time monitoring systems underscores Japan's commitment to enhancing vehicle safety and performance.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/21022/

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea's tire market is witnessing consolidation as industry leaders streamline operations. ๐‡๐š๐ง๐ค๐จ๐จ๐ค ๐“๐ข๐ซ๐ž recently acquired ๐€๐ฎ๐ซ๐จ๐ซ๐š ๐“๐ข๐ซ๐ž ๐‚๐จ., enhancing its product portfolio and market reach. The government's emphasis on green manufacturing has also spurred investments in sustainable tire technologies.

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore serves as a regional hub for tire distribution and innovation, with companies like ๐‚๐จ๐ง๐ญ๐ข๐ง๐ž๐ง๐ญ๐š๐ฅ ๐€๐† and ๐๐ข๐ซ๐ž๐ฅ๐ฅ๐ข leveraging its strategic location. Collaborative projects with research institutions have resulted in breakthroughs in tire recycling and sustainable materials, aligning with global environmental goals.

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

The US tire market remains robust, driven by demand for high-performance and specialty tires. Leading manufacturers such as ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ, ๐‚๐จ๐จ๐ฉ๐ž๐ซ ๐“๐ข๐ซ๐ž, and ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š are expanding production capacities to meet consumer needs. Recent developments include the merger of ๐‚๐จ๐จ๐ฉ๐ž๐ซ ๐“๐ข๐ซ๐ž with ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ, creating one of the largest tire companies in the world.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/21022/

๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe's tire market is thriving, with a strong focus on sustainability and innovation. Companies like ๐‚๐จ๐ง๐ญ๐ข๐ง๐ž๐ง๐ญ๐š๐ฅ ๐€๐† and ๐๐ข๐ซ๐ž๐ฅ๐ฅ๐ข are leading initiatives to develop low-rolling-resistance tires for electric vehicles. The European Union's stringent regulations on emissions and safety are driving advancements in tire designs and materials.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Passenger Car Tires
Two-Wheeler Tires
Commercial Vehicle Tires

๐›๐ฒ ๐“๐ข๐ซ๐ž ๐“๐ฒ๐ฉ๐ž

Radial Tires
Bias-Ply Tires
Tubeless Tires

The market is divided into three segments: tubeless tires, bias-ply tires, and radial tires. Over the course of the projection period, the Radial Tires sector is anticipated to maintain its dominant market share in India, having done so in 2023. Steel belts run beneath the tread of radial tires, which are made of layers of fabric cords oriented 90 degrees to the direction of travel. Compared to bias-ply tires, its radial design offers stability, increased traction, and longer tread life. For the majority of passenger cars in India, radial tires are the standard option. Performance, comfort, and fuel economy are all balanced by them.

๐›๐ฒ ๐’๐š๐ฅ๐ž๐ฌ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

OEM Sales
Aftermarket Sales

OEM and aftermarket sales make up the two market segments. Over the course of the forecast period, the OEM Sales category is anticipated to have the greatest share of the Indian tire market. As tire producers form alliances with automakers to supply tires for new vehicles, OEM sales are essential. The original equipment tires are chosen and intended to enhance the cars' overall attributes and performance. OEM sales give Indian tire producers a chance to display their goods on brand-new automobiles, enhancing brand awareness and recognition.

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ

Individual Consumers
Commercial Fleet Owners
Agricultural Sector

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/india-tire-market/21022/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Balkrishna Industries
2. MRF Tyre
3. JK Tyre & Industries
4. CEAT Limited
5. Apollo Tyres
6. Goodyear India Limited
7. TVS-Srichakra Ltd
8. Birla Tyres Limited
9. Metro Tyres Limited
10. Kesoram Industries Limited
11. Bridgestone India Private Limited
12. Maxxis Rubber India Private Limited
13. Ralson (India) Limited
14. Modi Tyre Company Limited
15. Yokohama India Private Limited

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ข๐š ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐€๐ฉ๐จ๐ฅ๐ฅ๐จ ๐“๐ฒ๐ซ๐ž๐ฌ launched a new range of eco-friendly tires designed for electric vehicles.
๐‰๐Š ๐“๐ฒ๐ซ๐ž announced the expansion of its manufacturing facility in Chennai to increase production capacity.
๐Œ๐‘๐… ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ partnered with ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง to develop high-performance tires for the premium automotive segment.
The government's "Make in India" initiative attracted foreign investments from ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž and ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ.
๐‚๐„๐€๐“ ๐“๐ข๐ซ๐ž๐ฌ introduced a digital platform for real-time monitoring of tire performance, enhancing customer engagement.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

โ™ฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

โ™ฆ Global Lemon Extract Market https://www.maximizemarketresearch.com/market-report/global-lemon-extract-market/27793/

โ™ฆ Global Optical Sorter Market https://www.maximizemarketresearch.com/market-report/global-optical-sorter-market/73696/

โ™ฆ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/

โ™ฆ Global Voice over Internet Protocol (VoIP) Market https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/

โ™ฆ Global Online and Betting Market https://www.maximizemarketresearch.com/market-report/global-online-and-betting-market/22190/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil โ€ฆ
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035). India Smart Air Purifier Market Overview The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced featuresโ€ฆ
12-02-2020 | Health & Medicine
REPORTSANDMARKETS
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li โ€ฆ
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, theโ€ฆ
12-11-2018 | Health & Medicine
Pasta
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field โ€ฆ
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on theโ€ฆ
06-22-2011 | Arts & Culture
Synergy Corporate Interiors Pvt. Ltd
Interior Designers India, Designers and Architects India, Interior Design Consul โ€ฆ
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas intoโ€ฆ
11-23-2010 | Business, Economy, Finances, B โ€ฆ
Indiainternet
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat โ€ฆ
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domainโ€ฆ
11-16-2010 | Advertising, Media Consulting, โ€ฆ
Indiainternet
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you willโ€ฆ