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Report

India Tyre Market Report and Forecast 2023-2028

Market Report I 2023-04-27 I 114 Pages I EMR Inc.

India Tyre Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the India tyre market attained INR 81,471.80 Crore in 2022. Aided by the increasing demand for automobiles, rapid urbanisation, and growing investment in infrastructure, the market is projected to further grow at a CAGR of 8.41% between 2023 and 2028 to reach INR 1,25,939.05 Crore by 2028.
Tyres are an essential component of automobiles, providing traction, support, and absorbing shocks from the road surface. They are made from a combination of natural rubber, synthetic rubber, carbon black, and other chemical compounds. The India tyre market consists of tyres for various vehicles, including passenger cars, commercial vehicles, two-wheelers, and three-wheelers, among others.
The India tyre market growth is primarily driven by the increasing demand for automobiles in the country. The rapid urbanisation and rising disposable incomes have led to a growing preference for personal vehicles, resulting in higher demand for tyres. Moreover, the expanding fleet of commercial vehicles, driven by the growth of the e-commerce sector and the need for efficient transportation of goods, has contributed to the increased adoption of tyres across the industry.
Additionally, the growing investment in infrastructure development in India, particularly in road and highway construction, has spurred the demand for tyres. The government's focus on improving connectivity and reducing transportation costs has led to the development of numerous infrastructure projects, creating a favourable environment for the market growth.
Furthermore, the increasing focus on sustainability and the need to reduce environmental impact have resulted in the development of eco-friendly tyres made from sustainable and recyclable materials. The growing adoption of these green tyres is expected to create new growth opportunities for the India tyre market during the forecast period.
The advancements in tyre technology and the increasing investment in research and development by market players are also expected to drive the growth of the tyre market in India. The development of innovative tyre designs with enhanced durability, improved fuel efficiency, and better traction is anticipated to further bolster the India tyre market expansion.
With the increasing focus on product differentiation and branding in the automobile industry, the demand for customised tyres with unique features, designs, and performance characteristics is on the rise. The development of innovative manufacturing techniques and the use of digital technology to create eye-catching graphics and designs on tyres are expected to drive the India tyre market growth during the forecast period.
Market Segmentation
The market can be divided based on vehicle type, design, type, tyre size, price segments, distribution channel, and region.
Market Breakup by Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Medium and Heavy Commercial Vehicle
- Two Wheelers and Three Wheelers
- Off Road
- Others
Market Breakup by Design
- Radial
- Bias
Market Breakup by Type
- Tube Tyres
- Tubeless
Market Breakup by Tyre Size
- Small
- Medium
- Large
Market Breakup by Price Segments
- Low
- Medium
- High
Market Breakup by Distribution Channel
- OEMs
- Replacement
Market Breakup by Region
- North Region
- East and Central Region
- West Region
- South Region
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India tyre companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- MRF Limited
- Apollo Tyres Limited
- CEAT Limited
- JK Tyre & Industries Ltd
- Balkrishna Industries Limited (BKT)
- TVS Srichakra Limited
- The Goodyear Tyre & Rubber Company.
- Bridgestone Corporation
- Continental Tyre Group Limited
- Metro Tyre
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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 (2018-2022)
9.3 Global Tyre Market Forecast (2023-2028)
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 (2018-2022)
10.3 India Tyre Market Forecast (2023-2028)
11 India Tyre Market by Vehicle Type
11.1 Passenger Car
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Light Commercial Vehicle
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Medium and Heavy Commercial Vehicle
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Two Wheelers and Three Wheelers
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Tren d (2023-2028)
11.5 Off Road
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 India Tyre Market by Design
12.1 Radial
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Bias
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 India Tyre Market by Type
13.1 Tube
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Tubeless
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
14 India Tyre Market by Tyre Size
14.1 Small
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 Medium
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
14.3 Large
14.3.1 Historical Trend (2018-2022)
14.3.2 Forecast Trend (2023-2028)
15 India Tyre Market by Price Segment
15.1 Low
15.1.1 Historical Trend (2018-2022)
15.1.2 Forecast Trend (2023-2028)
15.2 Medium
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
15.3 High
15.3.1 Historical Trend (2018-2022)
15.3.2 Forecast Trend (2023-2028)
16 India Tyre Market by Distribution Channel
16.1 OEMs
16.1.1 Historical Trend (2018-2022)
16.1.2 Forecast Trend (2023-2028)
16.2 Replacement
16.2.1 Historical Trend (2018-2022)
16.2.2 Forecast Trend (2023-2028)
17 India Tyre Market by Region
17.1 North Region
17.1.1 Historical Trend (2018-2022)
17.1.2 Forecast Trend (2023-2028)
17.2 East Region
17.2.1 Historical Trend (2018-2022)
17.2.2 Forecast Trend (2023-2028)
17.3 West Region
17.3.1 Historical Trend (2018-2022)
17.3.2 Forecast Trend (2023-2028)
17.4 South Region
17.4.1 Historical Trend (2018-2022)
17.4.2 Forecast Trend (2023-2028)
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 JK Tyre & Industries Ltd
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 Balkrishna Industries Limited (BKT)
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 TVS Srichakra Limited
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 The Goodyear Tire & Rubber Company.
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 Bridgestone Corporation
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 Continental Tyre Group 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 Metro Tyres Limited
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
21.3.11 Others
22 Key Trends and Developments in the Market

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