Press Release

India Tire Market to be Dominated by Two-Wheeler Segment during the Forecast Period

Increasing sales of the passenger car and rising demand of tire for two-wheeler in aftermarket is driving the Indian Tire market through 2028.

According to the TechSci Research report, " India Tire Market- By Region, Competition, Forecast & Opportunities, 2018-2028," The India tire market is driven by various factors such as automotive industry in India has been growing rapidly, which has led to an increase in demand for tires. India has a huge population of over 1.3 billion people, with a rapidly growing middle class. This has resulted in an increase in the number of vehicles on the road, which has led to an increase in demand for tires. The demand for radial tires has increased as it consumes less fuel, comes with low rolling resistance, and helps in increasing the overall fuel efficiency (consumes 8–10% less fuel than other tire types) and has better traction too. All these factors helped in the demand surge of the radial tires and at the same time the tire manufacturers are also focusing on this segment of tires, looking at the benefits of the radial tires the regulatory standards of different countries are also easy for manufacturers to meet. In the past few years, the increase in focus on the corporate average fuel efficiency (CAFE) has also led manufacturers to build tires with higher fuel efficiency. Most of the automotive tires are radial and the automotive companies are also focusing on keeping minimal kerb weight of the vehicle, which has also led to the growth in demand for radial tires.

The interesting factor for radial tire growth is that they provide better road contact, good steering, and improved driving comfort, with higher resistance against tread-related damage, so overall, all these factors have influenced automobile manufacturers to use radial tires more as compared to others. The focus on more lightweight tires which includes using more sustainable ingredients and recovering end-to-end production capabilities, is reducing the specific material demand for the tire industry. All this helped tire manufacturers to improve heat development in tires, and this results in less overall usage of carbon black. Generally, there is around 22% of the carbon black composition in the tire. Reducing it helps in cost cutting and works on lowering emissions, and the other useful composition change ongoing is the usage of higher components of "silica". This helps in easing the manufacturing process of the tires and, at the same time, lowers rolling resistance and improves cut and slip resistance, so overall this improves the performance of the tires. In two and three-wheeler vehicles, the carbon black composition is minimized as they do not have to bear the load like commercial vehicles. Similarly, many of the premium tire brands are switching to more sustainable techniques like replacing petroleum-based oils with soybean oil as it is used roughly half as compared to petroleum-based oils in providing the same level of extension while manufacturing. All these factors are expected to drive the growth of the India tire market.

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The advancements in eMobility and low emission hybrid vehicles are generating new demands for the tire industry like optimized trade design, low noise emissions, and lower rolling resistance, as electric vehicles have a high level of instant acceleration and electric engine torque with the additional battery weight, which keeps an additional strain on the tires and results in high tire wear. Overall, it requires innovative concepts in tire design and production facilities. As the electric and hybrid vehicle market grows, there will be a demand for a new segment of tires with better traction to grip road surfaces. Therefore, the demand of the new segment of tire will be high soon. Many of the tire manufacturers are developing tires for this segment by optimizing the composition trends and implementing new technological advancements like in some models of vehicles, Goodyear added foam in the tires to make them less noisy. Many other key tires brands are also introducing new concepts to meet the demand for this segment in the near future.

Some of the major players operating in the India Tire Market include:

  • CEAT Limited.
  • JK Tyre & Industries Ltd
  • Bridgestone India Private Limited.
  • Birla Tyres Limited
  • Goodyear India Limited
  • TVS Srichakra Limited.
  • Apollo Tyres Ltd
  • Continental India Limited
  • Balkrishna Industries Limited
  • Michelin India Private Limited.


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Many tire companies are investing in the research and development department, for the innovation and improvement of tire. The investment will help in research and development of the tire for the better driving experience and for the vehicle safety. The investment by the major tire manufacturing companies will help to make tire easily available for the buyers in the Indian market, which will further help in driving the India Tire Market during the forecast period, "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers, OTR), By Demand Category (OEM, & Aftermarket), By Tire Construction Type (Radial, Bias), By Region (North, South, East, West), By Company (2022), Competition, Forecast &, Opportunities, 2018- 2028 has evaluated the future growth potential of India Tire Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Tire Market,

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