As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

India tire market is projected to undergo a CAGR of around 5.60% through 2025. Expanding vehicle fleet, surging new vehicle sales and booming construction industry are some key factors propelling the growth of India tire market. The country is world’s biggest market for two-wheelers and commercial vehicles as well as fifth largest market for passenger cars. Furthermore, leading domestic as well as international automobile OEMs are increasing their investments in Indian automobile industry which is expected to boost the growth of India tire market in coming years. Apart from this, increasing middle class population and rising purchasing power are also creating high demand for tires in Indian market.

India tire market is categorized based on vehicle type, demand category, radial vs bias, rim size and region. Based on vehicle type, the market can be categorized into passenger car, LCV (Light Commercial Vehicle), M&HCV (Medium & Heavy Commercial Vehicle), OTR (Off-The-Road Vehicles), two-wheeler and three -wheeler. Among them, the two-wheeler segment registered a market share of 53.83% and accounted for more than 50% of volume share in India tire market in 2019. The segment is further projected to hold a market share of around 49.27% by 2025 on account of increasing demand for scooters and motorcycles in the country.

Major companies operating in India tire market are MRF Limited, Birla Tyres Limited, Goodyear India Limited, CEAT Limited, JK Tyre & Industries Ltd., Bridgestone India Private Limited, TVS Srichakra Limited, Apollo Tyres Ltd., Continental India Limited, and Balkrishna Industries Limited, among others. With an annual revenue share of more than$2 Billion in 2019, MRF holds 35% of market share in India tire market. The company has maintained its leading position for more than three decades and is also one of the top 20 global tire manufacturers. Following MRF, Apollo, JK and CEAT are also strong contender for India tire market leadership. 

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast market size of India tire market.
  • To classify and forecast India tire market based on vehicle type, demand category, radial vs bias, rim size, company and region.
  • To identify drivers and challenges in India tire market.
  • To identify market trends and developments in India tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing of tires in India.

 

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In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of India tire manufacturers and suppliers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major tire suppliers across the country.

TechSci Research calculated the market size for India tire market using a bottom-up technique, wherein manufacturers’ volume sales data for different applications were recorded as well as forecast for the future years. TechSci Research sourced these Value & Volumes from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Databases and multiple secondary sources such as India Association of Automobile Manufacturers (CAAM), company websites, company annual reports and financial reports were also analyzed by TechSci Research.

 

Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Tire raw material suppliers
  • Major end-users
  • Associations, organizations, forums and alliances related to tire industry
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tire manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

  • India Tire Market, By Demand Category:

o    OEM

o    Replacement

  • India Tire Market, By Radial Vs. Bias
  • India Tire Market, By Rim Size
  • India Tire Market, By Region:

o    East India

o    West India

o    South India

o    North India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    India Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Rim Size

6.2.5.     By Company (2020)

6.2.6.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    India Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.2.4.     By Rim Size

7.2.5.     By Tire Size

7.3.  Market Attractiveness Index

7.3.1.     By Rim Size

7.3.2.     By Price Segment

8.    India Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.2.4.     By Rim Size

8.2.5.     By Tire Size

8.3.  Market Attractiveness Index

8.3.1.     By Rim Size

8.3.2.     By Price Segment

9.    India Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.2.4.     By Rim Size

9.2.5.     By Tire Size

9.3.  Market Attractiveness Index

9.3.1.     By Rim Size

9.3.2.     By Price Segment

10.  India Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.2.4.  By Rim Size

10.2.5.  By Tire Size

10.3.              Market Attractiveness Index

10.3.1.  By Rim Size

10.3.2.  By Price Segment

11.  India OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.2.4.  By Rim Size

11.2.5.  By Tire Size

11.3.              Market Attractiveness Index

11.3.1.  By Rim Size

11.3.2.  By Price Segment

12.  India Three-Wheeler Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.2.4.  By Rim Size

12.2.5.  By Tire Size

12.3.              Market Attractiveness Index

12.3.1.  By Rim Size

12.3.2.  By Price Segment

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  India Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  MRF Limited

18.2.1.1.      Company Overview

18.2.1.2.      Products & Services

18.2.1.3.      Financials (If available)

18.2.1.4.      Current & Future Strategy

18.2.1.5.      Key Management

18.2.1.6.      Contact Details

18.2.2.  CEAT Limited

18.2.3.  JK Tyre & Industries Ltd.

18.2.4.  Bridgestone India Private Limited

18.2.5.  Birla Tyres Limited

18.2.6.  Goodyear India Limited

18.2.7.  TVS Srichakra Limited

18.2.8.  Apollo Tyres Ltd.

18.2.9.  Continental India Limited

18.2.10.                Balkrishna Industries Limited

15. Strategic Recommendations

16. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

    Figure 1: India Tire Market - Factors Influencing Purchase Decision (N=75)
    Figure 2: India Tire Market - Influencer of Purchase (N=75)
    Figure 3: India Tire Market - Aided Brand Recall (N=75)
    Figure 4: India Tire Market - Unaided Brand Recall (N=75)
    Figure 5: India Tire Market Brand Satisfaction Level (N=75)
    Figure 6: India Tire Market - Brand Satisfaction Level, By Lifetime (N=75)
    Figure 7: India Tire Market - Brand Satisfaction Level, By Traction (N=75)
    Figure 8: India Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)
    Figure 9: India Tire Market - Brand Satisfaction Level, By Performance (N=75)
    Figure 10: India Tire Market - Brand Satisfaction Level, By Stability on Road (N=75)
    Figure 11: India Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 12: India Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 13: India Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 14: India Tire Market Share, By Radial Vs. Bias, By Volume, 2015-2025F
    Figure 15: India Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F
    Figure 16: India Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F
    Figure 17: India Tire Market Share, By Company, By Volume, 2019-2025F
    Figure 18: India Tire Market Share, By Region, By Volume, 2015-2025F
    Figure 19: India Tire Market Attractiveness Index, By Vehicle Type, 2020E-2025F 
    Figure 20: India Passenger Car Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 21: India Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 22: India Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 23: India Passenger Car Tire Market Share, By Radial Vs. Bias, By Volume, 2015-2025F
    Figure 24: India Passenger Car Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F
    Figure 25: India Passenger Car Tire Market Share, By Tire Size (Up to 14’’), By Volume, 2019-2025F
    Figure 26: India Passenger Car Tire Market Share, By Tire Size (15"- 17”), By Volume, 2019-2025F
    Figure 27: India Passenger Car Tire Market Share, By Tire Size (Above 17‘’), By Volume, 2019-2025F
    Figure 28: India Passenger Car Tire Market Attractiveness Index, By Rim Size, 2020E-2025F 
    Figure 29: India Passenger Car Tire Market Attractiveness Index, By Price Segment, 2020E-2025F 
    Figure 30: India Two-Wheeler Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 31: India Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 32: India Two-Wheeler Tire Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 33: India Two-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2015-2025F
    Figure 34: India Two-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F
    Figure 35: India Two-Wheeler Tire Market Share, By Tire Size (Up to 12‘’), By Volume, 2019-2025F
    Figure 36: India Two-Wheeler Tire Market Share, By Tire Size (Above 14‘’), By Volume, 2019-2025F
    Figure 37: India Two-Wheeler Tire Market Share, By Tire Size (13"- 14”), By Volume, 2019-2025F
    Figure 38: India Two-Wheeler Tire Market Attractiveness Index, By Rim Size, 2020E-2025F 
    Figure 39: India Two-Wheeler Tire Market Attractiveness Index, By Price Segment, 2020E-2025F 
    Figure 40: India Medium & Heavy Commercial Vehicle Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 41: India Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 42: India Medium & Heavy Commercial Vehicle Tire Market Share, By Demand Category 
    (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 43: India Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs. Bias, 
    By Volume, 2015-2025F
    Figure 44: India Medium & Heavy Commercial Vehicle Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F
    Figure 45: India Medium & Heavy Commercial Vehicle Tire Market Share, By Tire Size (21"- 23”), By Volume, 2019-2025F
    Figure 46: India Medium & Heavy Commercial Vehicle Tire Market Share, By Tire Size (Above 23‘’), By Volume, 2019-2025F
    Figure 47: India Medium & Heavy Commercial Vehicle Tire Market Share, By Tire Size (Up to 20‘’), By Volume, 2019-2025F
    Figure 48: India Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Rim Size, 2020E-2025F 
    Figure 49: India Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Price Segment, 2020E-2025F 
    Figure 50: India Light Commercial Vehicle Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 51: India Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 52: India Light Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 53: India Light Commercial Vehicle Tire Market Share, By Radial Vs. Bias, By Volume, 2015-2025F
    Figure 54: India Light Commercial Vehicle Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F
    Figure 55: India Light Commercial Vehicle Tire Market Share, By Tire Size (14"- 15”), By Volume, 2019-2025F
    Figure 56: India Light Commercial Vehicle Tire Market Share, By Tire Size (By Volume), 2019-2025F
    Figure 57: India Light Commercial Vehicle Tire Market Share, By Tire Size (Up to 13‘’), By Volume, 2019-2025F
    Figure 58: India Light Commercial Vehicle Tire Market Attractiveness Index, By Rim Size, 2020E-2025F 
    Figure 59: India Light Commercial Vehicle Tire Market Attractiveness Index, By Price Segment, 2020E-2025F 
    Figure 60: India OTR Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 61: India OTR Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 62: India OTR Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 63: India OTR Tire Market Share, By Radial Vs. Bias, By Volume, 2015-2025F
    Figure 64: India OTR Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F
    Figure 65: India OTR Tire Market Share, By Tire Size (21"- 25”), By Volume, 2019-2025F
    Figure 66: India OTR Tire Market Share, By Tire Size (Above 25‘’), By Volume, 2019-2025F
    Figure 67: India OTR Tire Market Share, By Tire Size (Up to 20‘’), By Volume, 2019-2025F
    Figure 68: India OTR Tire Market Attractiveness Index, By Rim Size, 2020E-2025F 
    Figure 69: India OTR Tire Market Attractiveness Index, By Price Segment, 2020E-2025F 
    Figure 70: India Three-Wheeler Tire Market Size, By Value & Volume (USD Billion), By Volume (Million Units), 2015-2025F
    Figure 71: India Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
    Figure 72: India Three-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F
    Figure 73: India Three-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2015-2025F
    Figure 74: India Three-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F
    Figure 75: India Three-Wheeler Tire Market Share, By Tire Size (Above 10‘’), By Volume, 2019-2025F
    Figure 76: India Three-Wheeler Tire Market Share, By Tire Size (Up to 10‘’), By Volume, 2019-2025F
    Figure 77: India Three-Wheeler Tire Market Attractiveness Index, By Rim Size, 2020E-2025F 
    Figure 78: India Three-Wheeler Tire Market Attractiveness Index, By Price Segment, 2020E-2025F 
    Figure 79: India Passenger Car Tire Imports, By Value & Volume, 2014-2018 (USD Million)
    Figure 80: India Commercial Vehicle Tire Imports, By Value & Volume, 2014-2018(USD Million)
    Figure 81: India Off-The-Road Tire Imports, By Value & Volume, 2014-2018(USD Million)
    Figure 82: India Two-Wheeler Tire Imports, By Value & Volume, 2014-2018(USD Million)
    Figure 83: India Passenger Car Tire Exports, By Value & Volume, 2014-2018(USD Million)
    Figure 84: India Commercial Vehicle Tire Exports, By Value & Volume, 2014-2018(USD Million)
    Figure 85: India Off-The-Road Tire Exports, By Value & Volume, 2014-2018(USD Million)
    Figure 86: India Two-Wheeler Tire Exports, By Value & Volume, 2014-2018(USD Million)

    List of Tables

    Table 1: India Tire Production capacity, By Company & Plant Location, 2019
    Table 2: Minimum Breaking Energy for Metric Series Truck Tire
    Table 3: Minimum Breaking Energy for Imperial Series Truck Tire
    Table 4: Minimum Breaking Energy for Passenger Car Tire 
    Table 5: Unseating Resistance Test for Tubeless Passenger Car Tires