India Off Highway Vehicle Tyre Market to Grow with a CAGR of 5.52% through 2031
Rising infrastructure development, expanding mining activities, and
increasing mechanization in agriculture are the factors driving the market in
the forecast period 2027–2031.
According to TechSci Research report, “India Off Highway Vehicle
Tyre Market – By Region, Competition, Opportunities and Forecast, 2021-2031F”,
The India Off Highway Vehicle Tyre Market was valued at USD 1.22 Billion in
2025 and is expected to reach USD 1.69 Billion by 2031 with a CAGR of 5.52%
during the forecast period.
The India Off-Highway Vehicle (OHV) tyre market is evolving with the
rapid transformation of logistics, industrial automation, and export-driven
agriculture. Increasing integration of mechanized equipment in material
handling, warehousing, and agro-industrial operations has broadened the scope
of OHV tyre applications beyond traditional use cases. The proliferation of
multi-modal logistics parks, inland freight terminals, and cross-docking
centers is leading to higher utilization of forklifts, telehandlers, and
compact wheel loaders—each requiring purpose-built tyre solutions with specific
load-bearing, traction, and maneuverability characteristics. The introduction
of smart tyre technologies, including real-time pressure monitoring systems and
heat-resistant compounds, is further shaping fleet operator preferences toward
premium tyre categories that ensure longer service intervals and reduced
downtimes.
Another growth stimulant is India’s expanding manufacturing ecosystem,
which has increased demand for mining, quarrying, and lifting equipment. OHV
tyres that support these high-duty cycles must deliver consistent performance
under fluctuating climatic and surface conditions, especially in remote
industrial zones. Environmental sustainability mandates and government
regulations encouraging the use of low-emission equipment have also led to a
redesign of tyre specifications for energy efficiency and reduced rolling
resistance.
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India Off Highway Vehicle Tyre Market Is
Segmented by Demand Category, Tyre Type, Vehicle Type, and Region.
In
2025, the replacement category is set to grow the fastest in India’s
off-highway vehicle tyre market. Higher equipment usage across construction,
agriculture, and mining sectors is accelerating tyre wear, pushing up
replacement demand. Fleet operators are focusing on uptime, leading to frequent
tyre changes to prevent breakdowns. Improved aftermarket networks in rural and
semi-urban areas have made quality tyres more accessible. Users are
increasingly choosing long-life, retreadable tyres with terrain-specific
designs. Advances in radial and hybrid technology and the rising use of
heavy-duty equipment are also driving repeat purchases.
In 2024, South India saw
the fastest growth in off-highway vehicle tyre demand. Industrial growth,
modern farming methods, and infrastructure activity have fueled usage of
tractors, harvesters, and construction machines. The rental equipment sector's
expansion in logistics hubs has increased tyre turnover. Regional manufacturing
presence and strong distribution networks improve access and delivery speed.
Projects like metro rail, smart cities, and industrial corridors continue to
boost tyre demand in the region.
Major Market Players
Operating in India Off Highway Vehicle Tyre Market Are:
- Apollo Tyres Limited
- Balkrishna Industries Limited
- Bridgestone Corporation
- CEAT Limited
- Continental AG
- JK Tyre & Industries Limited
- Michelin
- MRF Limited
- The Goodyear Tire & Rubber Company
- Pirelli & C. S.p.A.
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As we look at the India Off-Highway Vehicle Tyre
market, what really stands out is how quickly the demand landscape is shifting.
We're not just seeing growth because more machines are being sold—it's also
about how these machines are being used. Whether it's a contractor working
double shifts on an expressway project or a farmer adopting precision equipment
for crop cycles, tyres are under constant stress. That’s where the replacement
market is gaining serious momentum. What’s interesting is that users today are
more informed; they’re asking for specific tread patterns, radial builds, and
even tyres optimized for fuel efficiency. Regions like South India are particularly
active, where both construction and agro-industrial activity are happening at
scale. It's no longer just about durability—it’s about performance, lifecycle
value, and minimizing machine downtime. This kind of shift is defining the next
phase of the market.”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“India Off Highway Vehicle Tyre Market By Vehicle Type
(Construction Equipment, Agricultural Vehicles, Mining Vehicles, Material
Handling Equipment, Others), By Tyre Type (Radial, Bias), By Demand Category
(OEM, Replacement), By Region, Competition, Opportunities and Forecast, 2021-2031F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the India Off Highway Vehicle Tyre Market.
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