Tyre Industry in India: Market Size & Share, Top Companies & Manufacturers, Growth Analysis, Report by 2033

According to IMARC Group's report titled "India Tyre Market Size, Share, Trends and Forecast by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region, 2025-2033", the report presents a thorough review featuring the India tyre market outlook, share, share, trends, and research of the industry.

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The India tyre market size was valued USD 13.4 billion in 2024. By 2033, this figure is projected to reach around USD 27.6 billion, with a compound annual growth rate (CAGR) of 7.6% over the forecast period (2025-2033).

India Tyre Market Trends:

The Indian tyre market is in a state of flux with consumers and technology changing the theme of tyre design. The biggest change is the shift from cross ply to radial tyre construction in commercial vehicle applications. With increasing popularity of electric vehicles (EVs) comes the development of EV-specific tyres to withstand the higher loads and rolling resistance of EVs. Manufacturers worldwide worry more about sustainability. To meet this demand and standards, many now use more sustainable materials and processes in manufacturing. Tyre purchasing through online portals is another growing trend, as it helps customers compare price and specifications in a single place.

Increasing reach of retail channels in Tier II and III cities, as well as the growth of tyre servicing centres, have also contributed to the growth in tyre retail. Airless tyres are trending, and smart tyres with embedded sensors relay data and real-time information about tyre performance to the user. The government planned an automotive mission and regulated the tyre industry strictly. These trends indicate the India's tyre market innovates, sustains, and digitalizes to a greater extent.

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India Tyre Market Scope and Growth Analysis:

The industry's growth potential is driven by the growing automobile industry and the increase in number of vehicles per year, which prompts higher tire replacement demand due to the huge vehicle population on the road and their average age. Increasing infrastructure and logistics developments have contributed to sales growth of commercial vehicles, which have a direct impact on tire demand. The two-wheeler segment also grows at a rapid rate, particularly in urban and semi-urban areas, which contributes toward the market's fast growth. The government's "Make in India" initiative has supported domestic tyre production, which reduced the dependence on imports.

An aftermarket expands and many organized players offer high-quality and affordable tires to also contribute toward the sector's growth. Other drivers include improvements in tyre technology, increasing use of automation, artificial intelligence and robotics in the manufacturing process, the growing reputation of Indian tyre brands internationally, and tyre exports. The India tyre market, driven by rising income levels, urbanization and government policies, provides strong, continuous and profitable growth opportunities for the Indian tyre manufacturing companies as well as domestic and foreign investors.

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An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:

• Apollo Tyres Ltd
• Bridgestone India Private Limited
• CEAT Ltd
• Continental Tyres
• JK Tyre & Industries Ltd.
• MRF Tyres
• The Goodyear Tire & Rubber Company
• Yokohama India Pvt Ltd

Comprehensive Market Report Highlights & Segmentation Analysis:

Analysis by Vehicle Type:

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

The two-wheeler tyre segment holds the largest share in the India tyre market, driven by high demand, widespread usage, and a rapidly growing two-wheeler population.

Analysis by OEM and Replacement:

• OEM Tyres
• Replacement Tyres

The replacement tyre segment dominates the India tyre market, accounting for the largest share due to increasing vehicle ownership, wear and tear, and growing consumer demand.

Analysis by Domestic Production and Imports:

• Domestic Production
• Imports

Domestic tyre manufacturing holds a dominant position in the Indian tyre market, accounting for the majority share and driving growth across various vehicle segments nationwide.

Analysis by Radial and Bias Tyres:

• Bias Tyres
• Radial Tyres

Radial tyres hold a dominant position in the India tyre market, driven by their superior performance, durability, fuel efficiency, and increasing adoption across vehicle segments.

Analysis by Tube and Tubeless Tyres:

• Tube Tyres
• Tubeless Tyres

The tubeless tyre segment holds the largest market share in the India tyre industry, driven by growing consumer preference for enhanced safety, durability, and fuel efficiency.

Analysis by Tyre Size:

• Small
• Medium
• Large

The small tyre segment accounts for the largest market share in India, mainly due to strong demand for two-wheelers, entry-level cars, and compact commercial vehicles.

Analysis by Price Segment:

• Low
• Medium
• High

Regional Analysis:

• North India
• East India
• West and Central India
• South India

West and Central India dominate the Indian tyre market, driven by robust automotive manufacturing hubs, advanced infrastructure, high vehicle ownership, and strong regional demand for replacement tyres.

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Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

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.

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This release was published on openPR.