India Tyre Market Size to Surpass 263.8 Million Units by 2033 | Exhibiting CAGR of 2.85%

India Tyre Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 2.85% (2025-2033)

The India tyre market is driven by increasing vehicle sales, infrastructure development, and rising demand for replacement tyres across commercial and passenger vehicle segments. According to the latest report by IMARC Group, The India tyre market size reached 202.2 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 263.8 Million Units by 2033, exhibiting a growth rate (CAGR) of 2.85% during 2025-2033.

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India Tyre Industry Trends and Drivers:

The Indian tire market is changing rapidly. This change comes from more people owning vehicles, urban growth, and shifting consumer needs. The number of passenger and commercial vehicles is rising, increasing tire demand. Government projects to improve infrastructure also help boost transportation and logistics. Consumers are now leaning towards premium and high-performance tires. They care more about safety, durability, and fuel efficiency. In response, manufacturers are investing in new technologies and materials. They are making tires for electric vehicles (EVs) and hybrids, which are becoming popular in India.

Sustainability is now a major focus in the Indian tire industry. Both consumers and manufacturers are prioritizing eco-friendly practices. Companies are using sustainable materials like natural rubber and recycled content to lessen their environmental impact. At the same time, e-commerce is changing how people buy tires. Online platforms are becoming the go-to for tire shopping and installation services. This shift has pushed traditional retailers to boost their online presence and offer easy solutions for tech-savvy shoppers. As the market evolves, key players are working to expand their distribution networks and improve customer service to stay competitive. Overall, the Indian tire market is set for strong growth, fueled by innovation, sustainability, and changing consumer habits.

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India Tyre Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

● Two Wheelers
● Three Wheelers
● Passenger Cars
● Light Commercial Vehicles
● Medium and Heavy Commercial Vehicles
● Off the Road

OEM and Replacement Segment Insights:

● OEM Tyres
● Replacement Tyres

Domestic Production and Imports Insights:

● Domestic Production
● Imports

Radial and Bias Tyres Insights:

● Bias Tyres
● Radial Tyres

Tube and Tubeless Tyres Insights:

● Tube Tyres
● Tubeless Tyres

Tyre Size Insights:

● Small
● Medium
● Large

Price Segment Insights:

● Low
● Medium
● High

Regional Insights:

● North India
● East India
● West and Central India
● South India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.