Press release
India Tire Market Size to Reach USD 29.18 Billion by 2032 at 6.1% CAGR
India Tire Market
The India Tire Market size was valued at USD 17.84 Billion in 2024, and the total India Tire Market revenue is expected to grow at a CAGR of 6.1% from 2025 to 2032, reaching nearly USD 29.18 Billion.
Market Overview
The India Tire Market is a vital segment of the automotive industry, encompassing passenger vehicles, commercial vehicles, and two- and three-wheelers. Growth is driven by increasing vehicle sales, rising demand for replacement tires, and government initiatives to modernize road infrastructure.
Urbanization, rising disposable income, and advancements in tire technology-such as radial tires and eco-friendly compounds-are contributing to market expansion. Additionally, the surge in e-commerce for automotive parts is enhancing accessibility and consumer convenience.
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Market Key
Strong demand from passenger vehicles and commercial fleets
Growing replacement tire market due to rising vehicle parc
Technological innovations such as radial and tubeless tires
Expansion of organized tire retail and online distribution
Rising adoption of eco-friendly and performance tires
Market Size & Forecast
2024: 194.57 Mn. Units
2032:239.30 Mn. Units
CAGR (2025-2032): 3%
India Tire Market Segmentation
by Vehicle Type
Passenger Car Tires
Two-Wheeler Tires
Commercial Vehicle Tires
by Tire Type
Radial Tires
Bias-Ply Tires
Tubeless Tires
by Sales Channel
OEM Sales
Aftermarket Sales
by End-User
Individual Consumers
Commercial Fleet Owners
Agricultural Sector
Key Growth Drivers
Rising Vehicle Sales
Expansion in the automotive sector, especially in passenger and commercial vehicles, is boosting tire demand.
Replacement Tire Market
Increasing vehicle age and road mileage are driving the need for replacement tires.
Technological Advancements
Innovations such as eco-friendly compounds, tubeless tires, and radial tires are enhancing performance and safety.
Urbanization and Infrastructure Development
Growing road networks and urban transport infrastructure are stimulating tire consumption.
E-commerce Growth
Online sales channels are improving availability and convenience for consumers.
Pain Points & Challenges
Raw material price volatility affecting tire manufacturing costs
Intense competition among domestic and international players
Regulatory pressures for safety and environmental standards
Supply chain complexities for imported raw materials
Emerging Opportunities
Eco-friendly and sustainable tire technologies
Expansion in tier-2 and tier-3 cities
Growth of high-performance and premium tire segments
Increased adoption of online tire retail platforms
Recent Developments & Trends
Strategic partnerships between tire manufacturers and automotive OEMs
Launch of low-rolling-resistance tires for fuel efficiency
Expansion of manufacturing capacities in India
Investments in R&D for smart and connected tires
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Frequently Asked Questions
1] What is the growth rate of the India Tire Market?
Ans. The India Tire Market is expected to grow at a CAGR of 6.1% during the forecast period.
2] What is the expected market size of the India Tire Market by 2032?
Ans. The market is expected to reach nearly USD 29.18 Billion by 2032.
3] Which segment dominates the India Tire Market?
Ans. The passenger vehicle tire segment dominates due to high vehicle sales and replacement demand.
4] What factors are driving the India Tire Market growth?
Ans. Growth is driven by rising vehicle sales, replacement demand, technological advancements, and infrastructure development.
5] Who are the key players in the India Tire Market?
Ans. Major players include domestic manufacturers like Apollo Tyres, CEAT, MRF, and international companies such as Bridgestone, Michelin, and Goodyear.
Related Reports
Automotive Tire Market : https://www.maximizemarketresearch.com/market-report/automotive-tire-market/11879/
Rubber Tire Market :https://www.maximizemarketresearch.com/market-report/rubber-tire-market/128465/
Top Performing Market Reports
Global Automotive Wheels Market : https://www.maximizemarketresearch.com/market-report/automotive-wheel-market/11013/
Global Vehicle Tire Pressure Monitoring Systems Market : https://www.maximizemarketresearch.com/market-report/global-tire-pressure-monitoring-system-market/24413/
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