Attributes and Key Statistics of the India Tyre Market Report by IMARC Group:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Units: USD Billion
Market Size in 2024: USD 13.4 Billion
Market Forecast in 2033: USD 27.6 Billion
Market Compound Annual Growth Rate 2025-2033: 7.6%
As indicated in the latest market research report published by IMARC Group, titled “India Tyre Market Size, Share, Trends and Forecast by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region, 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
India Tyre Market Size & Future Growth Potential:
The India tyre market size was valued USD 13.4 billion in 2024. By 2033, this figure is projected to reach around USD 27.6 billion, with a compound annual growth rate (CAGR) of 7.6% over the forecast period (2025-2033).
The India tyre market is witnessing important transformations that technological advancements along with evolving consumer preferences drive. Increased requests for radial tyres especially within the commercial vehicle market represent a major trend because of durability with fuel economy. The growing popularity of electric vehicles has spurred the development of specialized tyres also, tyres that are designed for reduction of rolling resistance as well as for handling higher loads. Furthermore, sustainability gains gain focus, as manufacturers adopt eco-friendly materials increasingly and follow processes for alignment with global environmental standards.
Another quite prominent trend is online tyre sales surging, as consumers appreciate conveniently comparing prices as well as features digitally. Retail networks are in fact expanding and tyre servicing centers are also expanding across Tier II and Tier III cities and these expansions do improve accessibility for a broader customer base. Innovations such as airless tyres and smart tyres equipped with sensors are also appearing in the market. These new products suit the smart consumer because they track immediately. Official programs encourage tyre makers to raise product grade and capability. The Automotive Mission Plan as well as stricter safety norms stand as examples of these initiatives. In the India tyre market, innovation, sustainability, also digitalization indicate a dynamic shift collectively because of these trends.
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India Tyre Market Scope and Growth Analysis:
The India tyre market is supported by a strong automotive sector with rising vehicle ownership, representing large growth opportunity. Demand is dominated by the replacement tyre segment, driven by rising average vehicle age alongside the country’s huge existing vehicle fleet. Tyre demand is driven onward even as infrastructure projects as well as logistics networks expand thereby increasing commercial vehicle sales.
Furthermore, the two-wheeler segment experiences rapid growth, most especially in both urban with semi-urban areas. This increase greatly broadens demand. Also, the government urged “Make in India,” encouraging tyre production inside India, fewer imports, and fostered self-reliance. A growing number of the organized players offer more high-quality, affordable tyres. Also, the aftermarket sector is thriving. Furthermore, tyre manufacturers advance such technologies as automation and the use of AI for controlling quality thus improving production efficiency plus product reliability. Businesses focus increasingly on export opportunities because Indian tyre brands achieve recognition in global markets which drives growth. Because disposable incomes are rising, urbanization is occurring, plus policies are supportive, the India tyre market is poised for steady expansion, offering lucrative opportunities for manufacturers with investors alike.
An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:
- MRF Limited
- CEAT Limited
- JK Tyre & Industries Ltd.
- Apollo Tyres Ltd
Comprehensive Market Report Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Indian tyre market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Vehicle Type:
- Two Wheelers
- Three Wheelers
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Off the Road
The two-wheeler tyre segment holds the largest share in the India tyre market, driven by high demand, widespread usage, and a rapidly growing two-wheeler population.
Analysis by OEM and Replacement:
- OEM Tyres
- Replacement Tyres
The replacement tyre segment dominates the India tyre market, accounting for the largest share due to increasing vehicle ownership, wear and tear, and growing consumer demand.
Analysis by Domestic Production and Imports:
- Domestic Production
- Imports
Domestic tyre manufacturing holds a dominant position in the Indian tyre market, accounting for the majority share and driving growth across various vehicle segments nationwide.
Analysis by Radial and Bias Tyres:
- Bias Tyres
- Radial Tyres
Radial tyres hold a dominant position in the India tyre market, driven by their superior performance, durability, fuel efficiency, and increasing adoption across vehicle segments.
Analysis by Tube and Tubeless Tyres:
- Tube Tyres
- Tubeless Tyres
The tubeless tyre segment holds the largest market share in the India tyre industry, driven by growing consumer preference for enhanced safety, durability, and fuel efficiency.
Analysis by Tyre Size:
- Small
- Medium
- Large
The small tyre segment accounts for the largest market share in India, mainly due to strong demand for two-wheelers, entry-level cars, and compact commercial vehicles.
Analysis by Price Segment:
- Low
- Medium
- High
Regional Analysis:
- North India
- East India
- West and Central India
- South India
West and Central India dominate the Indian tyre market, driven by robust automotive manufacturing hubs, advanced infrastructure, high vehicle ownership, and strong regional demand for replacement tyres.
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Key highlights of the Report:
- Historical Market Performance
- Future Market Projections
- Impact of COVID-19 on Market Dynamics
- Industry Competitive Analysis (Porter’s Five Forces)
- Market Dynamics and Growth Drivers
- SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
- Market Ecosystem and Value Creation Framework
- Competitive Positioning and Benchmarking Strategies
Major Advantages of the Report:
- This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
- Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
- The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.
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