openPR Logo
Press release

India Electric Vehicle Tire Market Set for Explosive Growth From 8.39 Million Units in 2024 to 48.39 Million Units by 2030

12-31-2024 09:33 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarkNtel Advisors LLP

India Electric Vehicle Tire Market Set for Explosive Growth From

A Quick Overview of India Electric Vehicle Tire Market

• Base Year: 2024

• Historical Years: 2020-2023

• Forecast Years: 2025-2030

• Market Growth Rate: 32.04% (2025-2030)

• Market Size in 2024: 8.39 Million Units

• Market Size in 2030: 48.39 Million Units

The comprehensive report on the India Electric Vehicle Tire Market provides essential insights into market dynamics, historical performance, and future projections. It categorizes the market based on vehicle type, product type, tire size, propulsion method, and sales channels. The report also highlights the strategic movements of key players and emerging opportunities in the region, enabling stakeholders to make informed decisions.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐌𝐨𝐫𝐞 - https://www.marknteladvisors.com/query/request-sample/india-electric-vehicle-tire-market.html

Market Dynamics:

Driver-

Government Support to Boost Market Growth: The government of India is implementing various initiatives and policies that are enhancing the adoption of electric vehicle tires in the country. Policies, such as the Make in India initiative, aim to boost domestic manufacturing and support local industries. Investments in road infrastructure and manufacturing capabilities create a favorable environment for tire production and sales. Additionally, in 2024, the government introduced the PM E-DRIVE scheme with an outlay of 10,900 crores, effective from October 2024 to March 2026. The scheme aims for faster adoption of electric vehicles (EVs), setting up of charging infrastructure, and development of EV manufacturing eco-system in the country, leading to the increase in sales of the EV tire.

India Electric Vehicle Tire Market Report Segmentation:

The report by MarkNtel Advisors on India Electric Vehicle 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 Vehicle Type

• Passenger Cars

• Commercial Cars

• Two-Wheelers

- Based on the type of vehicles, the market is bifurcated into Passenger cars, light commercial vehicles(LCVs), and Medium & High Commercial Vehicles. Among all these, two-wheelers are anticipated to dominate the India Electric Vehicle Tire Market with the largest share during the forecast period due to increased penetration of two-wheeler electric vehicles in the Indian Market.

By Product Type

• Radial Tires

• Bias Tires

By Tire Size

• Up to 14

• 15"-18

• Above 18

By Propulsion

• Battery Electric Vehicle (BEV)

• Hybrid Electric Vehicle (HEV)

By Sales Channel

• Original Equipment Manufacturers (OEMs)

• Aftermarkets

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐌𝐨𝐫𝐞 - https://www.marknteladvisors.com/research-library/india-electric-vehicle-tire-market.html

Some of the Top India Electric Vehicle Tire Companies in the Market

In the fast-changing India Electric Vehicle 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:

• Apollo Tyres

• Bridgestone

• Ceat Tire

• Continental AG

• Cooper Tire & Rubber Company

• Goodyear Tire & Rubber Co.

• Hankook Tire & Technology Co. Ltd.

• Michelin

• Nokian Tyres

• Pirelli & C. S.p.A.

• Yokohama Rubber Co. Ltd.

• Others

Frequently Asked Questions

• What long-term strategies are companies implementing to cope with the fluctuating costs of raw materials in tire production?

• How will the introduction of new government policies post-2024 impact the EV tire market growth trajectory in India?

• What role does consumer awareness play in shaping the demand for EVs and their corresponding tire requirements?

• How are key players positioning themselves to take advantage of the growing two-wheeler segment within the market?

• What technological innovations are expected to emerge in the manufacturing of electric vehicle tires over the next decade?

*Reports Delivery Format - Market r esearch studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Need additional assistance?

• Looking for more assistance? Connect with our experienced analysts for insights into current market trends.

• Customize your report by adding specific segments and countries to meet your needs. Gain a significant competitive edge by learning how to leverage these insights to enhance your operations and boost revenue.

• For further support, don't hesitate to reach out to our analysts.

Other Report:

https://www.marknteladvisors.com/research-library/ev-charging-infrastructure-market.html

https://www.marknteladvisors.com/research-library/global-fluid-and-lubricants-for-electric-vehicle-market.html

https://www.marknteladvisors.com/research-library/global-electric-vehicle-tire-market.html

For Media Inquiries, Please Contact:

Phone: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release India Electric Vehicle Tire Market Set for Explosive Growth From 8.39 Million Units in 2024 to 48.39 Million Units by 2030 here

News-ID: 3800872 • Views:

More Releases from MarkNtel Advisors LLP

By 2030, UAE Residential Real Estate Market to Reach USD 52.32 Billion Driven by Growing Development Initiatives
By 2030, UAE Residential Real Estate Market to Reach USD 52.32 Billion Driven by …
The residential real estate comprises the properties utilized for living purposes, as single-family homes, apartments, condominiums, and townhouses. It plays a significant role in wealth-building, and financial planning, by offering potential for long-term growth. This sector of real estate emphasis housing individuals and families and involves both property ownership and rental agreement. The UAE residential real estate industry is witnessing huge upsurge, owing to the growing spending on infrastructure, relaxed
UAE Residential Real Estate Market Set to Witness Health Growth at a Steady CAGR of 8.4% by 2030, Driven by Growing Development Initiatives
UAE Residential Real Estate Market Set to Witness Health Growth at a Steady CAGR …
The residential real estate comprises the properties utilized for living purposes, as single-family homes, apartments, condominiums, and townhouses. It plays a significant role in wealth-building, and financial planning, by offering potential for long-term growth. This sector of real estate emphasis housing individuals and families and involves both property ownership and rental agreement. The UAE residential real estate industry is witnessing huge upsurge, owing to the growing spending on infrastructure, relaxed
Exploring the Potential Factors Driving Kuwait Catering Services Market Forward
Exploring the Potential Factors Driving Kuwait Catering Services Market Forward
Kuwait has the sixth-largest oil reserves in the world and is currently undergoing an exceptional tourism culture due to the presence of incredible tourist attractions places such as the Grand Mosque, Mirror House, Kubbar Island, and Kuwait Towers. This diversification of the economy aided in shifting towards flourishing Catering services growth. The growth is supported by the expansion of the oil and tourism industry, further developing other sectors, such as
By 2030, Saudi Arabia Catering Services Market to Reach USD 5,261.08 Million Value Driven by Mega Events and Corporate Demand
By 2030, Saudi Arabia Catering Services Market to Reach USD 5,261.08 Million Val …
The Saudi Arabia Catering Market was valued at USD 3,560.62 million in 2025 and will expand at a noteworthy CAGR of 8.12% to end up at USD 5,261.08 million in 2030. The catering services market plays a fundamental role in business for preparing food and providing food services for clients at different locations, such as hotels, restaurants, offices, concerts, and many more events. Catering services offer customized menus to meet the

All 4 Releases


More Releases for Tire

Pneumatic Tire Market Worth Observing Growth | The Yokohama, Michelin, Continent …
Key Findings of Pneumatic Tire Market • The growth of the global pneumatic tire market would be supplemented by the growing automobile sector • The segment of radial tires accounts for the higher sales in the pneumatic tire market owing to their various advantages over cross ply tires, which include longer durability, improved performance and better mileage • Asia Pacific is the biggest tire market and would maintain its position over the forecast period. Download FREE Report
Run Flat Tire Market Research Report | Top players Cooper Tire & Rubber Company, …
The global run flat tire market to gain momentum from the increasing production of commercial and passenger vehicles. Besides, these tires enable drivers to travel to the nearest service center safely, even if there is persistent loss of air from the tires. With the help of these tires, cars can be driven up to around 80km at an average speed. Fortune Business Insights(TM) provided this information in a recent report,
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi …
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions. Tire recycling, or rubber recycling, is the process of
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 – 2025 | …
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Tire derived Fuel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived