India Tire Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020–23
Forecast Years: 2025-2030
The India Tire Market size is valued at around USD 11.98 billion in 2024 & is projected to reach USD 21.27 billion by 2030. The market is also estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30.
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India Tire Market Dynamics: 2025-2030
India Tire Market Driver:
Robust Economic Growth & Increasing Vehicle Production – The main factors driving the tire market in India are, in fact, the country's strong economic development and increasing vehicle production. India's middle class has been growing, and disposable incomes have increased due to the country's significant economic growth. This increasing economic growth has augmented consumers' expenditures on automobiles. To meet the rising need for both personal and commercial transportation, there has been a notable growth in vehicle production. Because every new vehicle needs tires, the market for tires in India is directly boosted by this increase in vehicle production.
The government's emphasis on improving rural connectivity and infrastructure also increases demand for commercial vehicles, which augments the size & volume of the tire industry in the country. The emergence of electric vehicles and improvements in tire technology are also driving the growth & expansion of the tire industry in India. India's position in the global tire industry is further strengthened by the growing emphasis on manufacturing capabilities and exports. The tire industry's continuous growth and development are supported by these elements working together to produce a vibrant environment.
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India Tire Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type of Vehicles
-Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
-Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
-Medium and Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
-Off the Road (OTR) - Market Size & Forecast 2020-2030, Thousand Units
-Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units
By Demand Category
-OEM- Market Size & Forecast 2020-2030, Thousand Units
-Aftermarket- Market Size & Forecast 2020-2030, Thousand Units
By Type of Tire
-Radial- Market Size & Forecast 2020-2030, Thousand Units
-Bias- Market Size & Forecast 2020-2030, Thousand Units
Here, radial tires are anticipated to dominate the market with the largest market share during the forecast period,
By Sales Channel
-Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
-Exclusive Outlets & Multi-brand Stores- Market Size & Forecast 2020-2030, Thousand Units
-Online- Market Size & Forecast 2020-2030, Thousand Units
By Price Category
-Budget- Market Size & Forecast 2020-2030, Thousand Units
-Economy- Market Size & Forecast 2020-2030, Thousand Units
-Premium- Market Size & Forecast 2020-2030, Thousand Units
By Tire Size
-Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
-Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units
By Region
-East
-West
-North
-South.
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Top Companies Operating in the India Tire Market:
-MRF
-Apollo Tyres
-CEAT
-JK Tyres & Industries Ltd.
-Balakrishna Tires
-TVS Srichakra Ltd.
-Goodyear India
-Bridgestone India Pvt. Ltd.
-Michelin India Pvt. Ltd.
-Continental India.
Industry Recent Development:
April 2023: A well-known tire manufacturer, CEAT Limited, partnered with a CEAT dealer, Bharat Tyres Gujarat Pvt Ltd., to create a cutting-edge truck service hub in Gandhidham.
April 2023: At its Bangalore facility, Continental started manufacturing Tire Pressure Monitoring Systems (TPMS) for passenger cars.
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