Product Code: ETC4565725 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India advanced tires market import shipment exhibited a negative CAGR from 2020 to 2024. However, there was a significant growth rate between 2023 and 2024, indicating a potential reversal or stabilization in the market. The overall trend suggests a recent uptick in momentum after a period of slowdown.
The India Advanced Tires market is gaining traction as vehicle owners seek tires that offer superior performance, longevity, and safety. Advanced tire technologies, including run-flat tires, self-sealing tires, and low-rolling-resistance tires, are becoming increasingly popular as consumers look for enhanced driving experiences and fuel efficiency. The India automotive market is embracing these tire innovations, and as road infrastructure continues to improve, the demand for advanced tires is expected to rise further.
The India advanced tires market is experiencing remarkable growth due to several key factors. Firstly, the growing awareness of environmental concerns and the need for fuel efficiency are driving the demand for advanced tire technologies. Advanced tires, such as low rolling resistance tires, help improve fuel economy and reduce carbon emissions, making them increasingly popular among consumers and automakers. Additionally, the development of electric and hybrid vehicles in India is creating a demand for specialized tires that can accommodate the unique requirements of these alternative powertrains. Moreover, the increasing urbanization and road infrastructure development in the country are fueling the need for tires designed to handle diverse road conditions and provide enhanced safety and performance.
In the India advanced tires market, challenges arise from the need to develop tires that provide better fuel efficiency, longevity, and performance. Manufacturers must also adapt to changing road conditions and driving habits.
The India advanced tires market faced a challenging period during the COVID-19 pandemic. With lockdowns and reduced mobility, there was a slump in vehicle sales, impacting the demand for advanced tires. However, as restrictions eased, there was a gradual recovery in the market as consumers began purchasing vehicles again, especially in the passenger and commercial vehicle segments. Manufacturers also started focusing on producing tires with better durability and performance to meet changing customer preferences for safer and more efficient driving.
Key players in this market include Apollo Tyres, MRF Limited, CEAT Limited, and JK Tyre & Industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Advanced Tires Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Advanced Tires Market Revenues & Volume, 2021 & 2031F |
3.3 India Advanced Tires Market - Industry Life Cycle |
3.4 India Advanced Tires Market - Porter's Five Forces |
3.5 India Advanced Tires Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Advanced Tires Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Advanced Tires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance vehicles in India |
4.2.2 Rising awareness about safety and fuel efficiency among consumers |
4.2.3 Growing investments in research and development for advanced tire technologies |
4.3 Market Restraints |
4.3.1 High initial cost of advanced tires compared to traditional tires |
4.3.2 Limited availability of advanced tire options in the Indian market |
4.3.3 Lack of awareness about the benefits of advanced tires among consumers |
5 India Advanced Tires Market Trends |
6 India Advanced Tires Market, By Types |
6.1 India Advanced Tires Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Advanced Tires Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Advanced Tires Market Revenues & Volume, By TPMS, 2021-2031F |
6.1.4 India Advanced Tires Market Revenues & Volume, By Chip-Embedded, 2021-2031F |
6.1.5 India Advanced Tires Market Revenues & Volume, By Self-Inflating, 2021-2031F |
6.1.6 India Advanced Tires Market Revenues & Volume, By All-in-one, 2021-2031F |
6.1.7 India Advanced Tires Market Revenues & Volume, By Multi-Chamber, 2021-2031F |
6.2 India Advanced Tires Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Advanced Tires Market Revenues & Volume, By Run-flat, 2021-2031F |
6.2.3 India Advanced Tires Market Revenues & Volume, By Airless, 2021-2031F |
6.2.4 India Advanced Tires Market Revenues & Volume, By Pneumatic, 2021-2031F |
7 India Advanced Tires Market Import-Export Trade Statistics |
7.1 India Advanced Tires Market Export to Major Countries |
7.2 India Advanced Tires Market Imports from Major Countries |
8 India Advanced Tires Market Key Performance Indicators |
8.1 Adoption rate of advanced tire technologies in the Indian automotive market |
8.2 Number of partnerships between tire manufacturers and vehicle manufacturers for advanced tire production |
8.3 Percentage increase in the use of sustainable materials in advanced tire manufacturing |
8.4 Rate of technological advancements in the field of advanced tire manufacturing |
8.5 Number of government regulations promoting the use of advanced tires in India |
9 India Advanced Tires Market - Opportunity Assessment |
9.1 India Advanced Tires Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Advanced Tires Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Advanced Tires Market - Competitive Landscape |
10.1 India Advanced Tires Market Revenue Share, By Companies, 2024 |
10.2 India Advanced Tires Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |