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India Tyre Market Size, Share, Growth, Demand, Analysis: By Vehicle Type: Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Two Wheelers and Three Wheelers, Others; By Design; By Type; By Tyre Size: By Price Segment; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
India Tyre Market Competitive Landscape
Major players in the India tyre market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
MRF Limited
MRF Limited, headquartered in India and founded in 1946, offers a diverse range of tyres catering to various types of vehicles, including heavy and light commercial vehicles, passenger cars, tractors, earthmovers, and motorsport vehicles. Some of its key brands include MUSCLE LIFT, STEEL MUSCLE, SHAKTI LIFE, SHAKTI SUPER, SUPER LUG, and SAVARI, among others.
Apollo Tyres Ltd
Apollo Tyres Ltd is a prominent player in the tyre industry, manufacturing and distributing quality tyres worldwide. Its product line includes several renowned brands such as ALNAC, AMAZER, APTERRA, ASPIRE, ALTRUST, MANCHESTER UNITED, and QUANTUM.
CEAT Limited
Headquartered in India and founded in 1858, CEAT offers a comprehensive selection of tyres suitable for all types of vehicles, ranging from heavy-duty trucks and buses to light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles, scooters, and even auto-rickshaws. The company is committed to producing top-quality tyres for cars, bikes, and scooters.
JK Tyre & Industries Ltd.
Headquartered in India and founded in 1951, the company has introduced innovative 'Smart Tyre' technology in India, with Tyre Pressure Monitoring Systems (TPMS) and TREEL Sensors that enable real-time monitoring of a tyre's critical parameters, such as pressure and temperature.
Other key players in the India tyre market include Balkrishna Industries Limited, TVS Srichakra Limited, The Goodyear Tire & Rubber Company, Bridgestone Corporation, Continental Tyre Group Ltd, and Metro Tyres Limited.
India Tyre Market Report Snapshots
India Tyre Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Automotive Market Overview
9 Global Tyre Market Overview
9.1 Key Industry Highlights
9.2 Global Tyre Historical Market (2018-2023)
9.3 Global Tyre Market Forecast (2024-2032)
9.4 Global Tyre Market Share by Region
9.4.1 North America
9.4.2 Europe
9.4.3 Asia Pacific
9.4.4 Latin America
9.4.5 Middle East and Africa
10 India Tyre Market Overview
10.1 Key Industry Highlights by Value
10.2 India Tyre Historical Market (2018-2023)
10.3 India Tyre Market Forecast (2024-2032)
11 India Tyre Market by Vehicle Type
11.1 Passenger Car
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Light Commercial Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Medium and Heavy Commercial Vehicle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Two Wheelers and Three Wheelers
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Off Road
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 India Tyre Market by Design
12.1 Radial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Bias
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 India Tyre Market by Type
13.1 Tube
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Tubeless
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 India Tyre Market by Tyre Size
14.1 Small
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Medium
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Large
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
15 India Tyre Market by Price Segment
15.1 Low
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Medium
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 High
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
16 India Tyre Market by Distribution Channel
16.1 OEMs
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 Replacement
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
17 India Tyre Market by Region
17.1 North Region
17.1.1 Historical Trend (2018-2023)
17.1.2 Forecast Trend (2024-2032)
17.2 East Region
17.2.1 Historical Trend (2018-2023)
17.2.2 Forecast Trend (2024-2032)
17.3 West Region
17.3.1 Historical Trend (2018-2023)
17.3.2 Forecast Trend (2024-2032)
17.4 South Region
17.4.1 Historical Trend (2018-2023)
17.4.2 Forecast Trend (2024-2032)
18 Market Dynamics
18.1 SWOT Analysis
18.1.1 Strengths
18.1.2 Weaknesses
18.1.3 Opportunities
18.1.4 Threats
18.2 Porter’s Five Forces Analysis
18.2.1 Supplier’s Power
18.2.2 Buyer’s Power
18.2.3 Threat of New Entrants
18.2.4 Degree of Rivalry
18.2.5 Threat of Substitutes
18.3 Key Indicators for Demand
18.4 Key Indicators for Price
19 Value Chain Analysis
20 Trade Data Analysis (HS Code - 4011)
20.1 Major Importing Countries
20.1.1 By Volume
20.1.2 By Value
20.2 Major Exporting Countries
20.2.1 By Volume
21.2.2 By Value
21 Competitive Landscape
21.1 Market Structure
21.2 Market Share by Key Players
21.3 Company Profiles
21.3.1 MRF Limited
21.3.1.1 Company Overview
21.3.1.2 Product Portfolio
21.3.1.3 Demographic Reach and Achievements
21.3.1.4 Certifications
21.3.2 Apollo Tyres Limited
21.3.2.1 Company Overview
21.3.2.2 Product Portfolio
21.3.2.3 Demographic Reach and Achievements
21.3.2.4 Certifications
21.3.3 CEAT Limited
21.3.3.1 Company Overview
21.3.3.2 Product Portfolio
21.3.3.3 Demographic Reach and Achievements
21.3.3.4 Certifications
21.3.4 Balkrishna Industries Limited
21.3.4.1 Company Overview
21.3.4.2 Product Portfolio
21.3.4.3 Demographic Reach and Achievements
21.3.4.4 Certifications
21.3.5 TVS Srichakra Limited
21.3.5.1 Company Overview
21.3.5.2 Product Portfolio
21.3.5.3 Demographic Reach and Achievements
21.3.5.4 Certifications
21.3.6 The Goodyear Tire & Rubber Company
21.3.6.1 Company Overview
21.3.6.2 Product Portfolio
21.3.6.3 Demographic Reach and Achievements
21.3.6.4 Certifications
21.3.7 Bridgestone Corporation
21.3.7.1 Company Overview
21.3.7.2 Product Portfolio
21.3.7.3 Demographic Reach and Achievements
21.3.7.4 Certifications
21.3.8 Continental Tyre Group Ltd
21.3.8.1 Company Overview
21.3.8.2 Product Portfolio
21.3.8.3 Demographic Reach and Achievements
21.3.8.4 Certifications
21.3.9 Metro Tyres Limited
21.3.9.1 Company Overview
21.3.9.2 Product Portfolio
21.3.9.3 Demographic Reach and Achievements
21.3.9.4 Certifications
21.3.10 JK Tyre & Industries Ltd.
21.3.10.1 Company Overview
21.3.10.2 Product Portfolio
21.3.10.3 Demographic Reach and Achievements
21.3.10.4 Certifications
22 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Tyre Market: Key Industry Highlights, 2018 and 2032
2. India Tyre Market: Key Industry Highlights, 2018 and 2032
3. India Tyre Historical Market: Breakup by Vehicle Type (Million Units), 2018-2023
4. India Tyre Market Forecast: Breakup by Vehicle Type (Million Units), 2024-2032
5. India Tyre Historical Market: Breakup by Design (Million Units), 2018-2023
6. India Tyre Market Forecast: Breakup by Design (Million Units), 2024-2032
7. India Tyre Historical Market: Breakup by Type (Million Units), 2018-2023
8. India Tyre Market Forecast: Breakup by Type (Million Units), 2024-2032
9. India Tyre Historical Market: Breakup by Distribution Channel (Million Units), 2018-2023
10. India Tyre Market Forecast: Breakup by Distribution Channel (Million Units), 2024-2032
11. India Tyre Historical Market: Breakup by Tyre Size (Million Units), 2018-2023
12. India Tyre Market Forecast: Breakup by Tyre Size (Million Units), 2024-2032
13. India Tyre Historical Market: Breakup by Price Segment (Million Units), 2018-2023
14. India Tyre Market Forecast: Breakup by Price Segment (Million Units), 2024-2032
15. India Tyre Historical Market: Breakup by Region (Million Units), 2018-2023
16. India Tyre Market Forecast: Breakup by Region (Million Units), 2024-2032
17. Major Importing Countries by Volume
18. Major Exporting Countries by Volume
19. Major Importing Countries by Value
20. Major Exporting Countries by Value
21. India Tyre Market Structure
Key Questions Answered in the Report
In 2023, the market volume was approximately 190.54 million units.
The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 339.37 million units by 2032.
The major factors include the expanding automotive production and favourable government initiatives aiding automotive production expansion.
The key trends aiding the market include growing demand for electric vehicles and increasing adoption of technologically advanced tyres.
The different vehicle types include passenger car, light commercial vehicle, medium and heavy commercial vehicle, two wheelers and three wheelers, and off road, among others.
The major distribution channels in the market include OEMs and Replacement.
MRF Limited, Apollo Tyres, JK Tyre & Industries, CEAT Limited, Birla Tyres, Balkrishna Industries, TVS Srichakra, and Goodyear India are some major market leaders.
The decline in automotive sales impacted the distribution of tyres amid COVID-19.
Rising vehicle production and sales boost tyre demand in the country.
North India holds the largest share of the market.
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