Product Code: ETC4574725 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive tires market import shipment experienced a decline with a CAGR of -3.4% from 2020 to 2024. However, there was a significant upturn in growth between 2023 and 2024, with a growth rate of 36.4%. Overall, the market showed signs of stabilization after a period of slowdown, indicating a potential rebound in the near future.
The India automotive tires market is a significant part of the country`s automotive industry, driven by the increasing number of vehicles on the road. Tires are crucial for vehicle safety and performance, and their demand is directly linked to automotive sales and usage patterns. As India road infrastructure improves and the automotive industry evolves, the tire market has witnessed changes in tire technology, including the development of eco-friendly and fuel-efficient tires. The replacement tire market is also a vital component, as it caters to vehicle maintenance and road safety. The tire market in India is poised for continued growth as consumers demand high-quality, durable, and fuel-efficient tire solutions.
The India automotive tires market is experiencing significant growth, primarily due to the country`s ever-expanding automobile sector. The automotive industry`s growth has resulted in increased vehicle production, which, in turn, drives the demand for tires. Furthermore, the government`s focus on road infrastructure development has led to improved road connectivity, encouraging more people to invest in personal vehicles, thus boosting the tire market. The increasing adoption of electric vehicles and the development of new mobility solutions are also contributing to the demand for specialized tires. Safety regulations mandating the use of advanced tire technologies are pushing manufacturers to innovate and produce safer and more durable tire options. In the replacement tire segment, the growing awareness of road safety and the need for regular tire maintenance are propelling the market`s expansion.
Challenges in the India automotive tires market include the need for tires that provide optimal grip, durability, and fuel efficiency. Addressing the environmental impact of tire production and disposal is a pressing concern. The market must adapt to the increasing demand for specialty tires for electric vehicles and explore innovative materials and designs.
The COVID-19 pandemic disrupted the India automotive tires market. Lockdowns and restrictions led to a drop in vehicle usage and sales, affecting tire manufacturers and distributors. Consumer demand for tires also waned, particularly for replacement tires, as people were driving less. However, there was a growing demand for tires used in essential services such as logistics and transportation. With the gradual reopening of the economy and the resumption of regular vehicle usage, the tire market has shown signs of recovery, with a shift towards more sustainable and eco-friendly tire solutions.
The India automotive tire market is highly competitive and features key players like MRF, Apollo Tyres, CEAT, and JK Tyre. These companies have a significant market presence and offer a wide range of tire options for various vehicle types.
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 Automotive Tires Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Tires Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Tires Market - Industry Life Cycle |
3.4 India Automotive Tires Market - Porter's Five Forces |
3.5 India Automotive Tires Market Revenues & Volume Share, By Section Width, 2021 & 2031F |
3.6 India Automotive Tires Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 India Automotive Tires Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 India Automotive Tires Market Revenues & Volume Share, By Aspect Ratio, 2021 & 2031F |
3.9 India Automotive Tires Market Revenues & Volume Share, By Aspect Ratio, 2021 & 2031F |
3.10 India Automotive Tires Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.11 India Automotive Tires Market Revenues & Volume Share, By Rim Size, 2021 & 2031F |
4 India Automotive Tires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing automotive industry in India leading to increased demand for automotive tires |
4.2.2 Increasing disposable income and purchasing power of consumers driving the sales of vehicles and consequently, tires |
4.2.3 Government initiatives promoting domestic manufacturing and Make in India campaign boosting tire production and sales |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting tire manufacturing costs |
4.3.2 Intense competition among tire manufacturers leading to pricing pressures |
4.3.3 Environmental concerns and regulations related to tire disposal and recycling posing challenges |
5 India Automotive Tires Market Trends |
6 India Automotive Tires Market, By Types |
6.1 India Automotive Tires Market, By Section Width |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Tires Market Revenues & Volume, By Section Width, 2021-2031F |
6.1.3 India Automotive Tires Market Revenues & Volume, By <200MM, 2021-2031F |
6.1.4 India Automotive Tires Market Revenues & Volume, By 200-230MM, 2021-2031F |
6.1.5 India Automotive Tires Market Revenues & Volume, By >230MM, 2021-2031F |
6.2 India Automotive Tires Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Tires Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 India Automotive Tires Market Revenues & Volume, By Light Commercial Vehicle, 2021-2031F |
6.2.4 India Automotive Tires Market Revenues & Volume, By Heavy Commercial Vehicle, 2021-2031F |
6.3 India Automotive Tires Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Tires Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.3.3 India Automotive Tires Market Revenues & Volume, By Light Commercial Vehicle, 2021-2031F |
6.3.4 India Automotive Tires Market Revenues & Volume, By Heavy Commercial Vehicle, 2021-2031F |
6.4 India Automotive Tires Market, By Aspect Ratio |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Tires Market Revenues & Volume, By <60, 2021-2031F |
6.4.3 India Automotive Tires Market Revenues & Volume, By 60-70, 2021-2031F |
6.4.4 India Automotive Tires Market Revenues & Volume, By >70, 2021-2031F |
6.5 India Automotive Tires Market, By Aspect Ratio |
6.5.1 Overview and Analysis |
6.5.2 India Automotive Tires Market Revenues & Volume, By <60, 2021-2031F |
6.5.3 India Automotive Tires Market Revenues & Volume, By 60-70, 2021-2031F |
6.5.4 India Automotive Tires Market Revenues & Volume, By >70, 2021-2031F |
6.6 India Automotive Tires Market, By Type |
6.6.1 Overview and Analysis |
6.6.2 India Automotive Tires Market Revenues & Volume, By Radial, 2021-2031F |
6.6.3 India Automotive Tires Market Revenues & Volume, By Bias, 2021-2031F |
6.7 India Automotive Tires Market, By Rim Size |
6.7.1 Overview and Analysis |
6.7.2 India Automotive Tires Market Revenues & Volume, By 13"-15??, 2021-2031F |
6.7.3 India Automotive Tires Market Revenues & Volume, By 16"-18??, 2021-2031F |
6.7.4 India Automotive Tires Market Revenues & Volume, By >21", 2021-2031F |
6.7.5 India Automotive Tires Market Revenues & Volume, By >21", 2021-2031F |
6.8 India Automotive Tires Market, By Season |
6.8.1 Overview and Analysis |
6.8.2 India Automotive Tires Market Revenues & Volume, By Summer, 2021-2031F |
6.8.3 India Automotive Tires Market Revenues & Volume, By Winter, 2021-2031F |
6.8.4 India Automotive Tires Market Revenues & Volume, By , 2021-2031F |
7 India Automotive Tires Market Import-Export Trade Statistics |
7.1 India Automotive Tires Market Export to Major Countries |
7.2 India Automotive Tires Market Imports from Major Countries |
8 India Automotive Tires Market Key Performance Indicators |
8.1 Average selling price (ASP) of automotive tires in India |
8.2 Number of vehicles sold in India |
8.3 Import/export volume of automotive tires in India |
8.4 Adoption rate of eco-friendly tire technologies |
8.5 Consumer sentiment towards tire brands and quality |
9 India Automotive Tires Market - Opportunity Assessment |
9.1 India Automotive Tires Market Opportunity Assessment, By Section Width, 2021 & 2031F |
9.2 India Automotive Tires Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 India Automotive Tires Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 India Automotive Tires Market Opportunity Assessment, By Aspect Ratio, 2021 & 2031F |
9.5 India Automotive Tires Market Opportunity Assessment, By Aspect Ratio, 2021 & 2031F |
9.6 India Automotive Tires Market Opportunity Assessment, By Type, 2021 & 2031F |
9.7 India Automotive Tires Market Opportunity Assessment, By Rim Size, 2021 & 2031F |
9.7 India Automotive Tires Market Opportunity Assessment, By Season, 2021 & 2031F |
10 India Automotive Tires Market - Competitive Landscape |
10.1 India Automotive Tires Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Tires Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |