Product Code: ETC12579150 | Publication Date: Apr 2025 | Product Type: Market Research Report | ||
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India low rolling resistance tire market import shipment trend experienced a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024. However, there was a notable upswing in growth between 2023 and 2024. Overall, the market showed signs of stabilization with a potential for future expansion based on the recent positive growth momentum.
The low rolling resistance tire market in India is witnessing steady growth due to increasing awareness about fuel efficiency and environmental concerns. These tires are designed to reduce energy loss as the tire rolls, resulting in improved fuel efficiency and lower carbon emissions. Factors such as government regulations promoting eco-friendly products, rising fuel prices, and a growing focus on sustainable transportation solutions are driving the demand for low rolling resistance tires in India. Key players in the market are investing in research and development to introduce innovative products with advanced materials and technologies. The automotive sector, particularly passenger cars and commercial vehicles, is the primary end-user of these tires. Overall, the India low rolling resistance tire market is expected to continue expanding as consumers prioritize cost savings and environmental sustainability in their vehicle choices.
The India low rolling resistance tire market is witnessing a notable trend towards increased adoption of eco-friendly and fuel-efficient tires. As environmental concerns and fuel efficiency become more prominent, consumers and businesses are seeking tires that offer reduced rolling resistance to improve fuel economy and lower carbon emissions. This trend is driven by government regulations promoting sustainability and rising awareness among consumers about the benefits of low rolling resistance tires in terms of cost savings and environmental impact. Major tire manufacturers in India are focusing on developing innovative technologies and materials to meet this growing demand for eco-friendly tires, leading to a shift towards more sustainable practices in the automotive industry.
In the India low rolling resistance tire market, one of the key challenges faced is the lack of awareness among consumers regarding the benefits of these tires. Many consumers may not fully understand the impact of low rolling resistance tires on fuel efficiency and environmental sustainability, leading to a slower adoption rate. Additionally, the initial higher cost of low rolling resistance tires compared to traditional tires can be a barrier for price-sensitive consumers in the Indian market. Moreover, the availability of a limited range of low rolling resistance tire options from manufacturers can also restrict consumer choice and hinder market growth. To address these challenges, tire companies need to focus on educating consumers about the advantages of low rolling resistance tires, offer competitive pricing strategies, and expand their product offerings to cater to a wider range of customer preferences.
The low rolling resistance tire market in India presents several promising investment opportunities due to the increasing focus on sustainability and fuel efficiency in the automotive industry. With stricter emission norms and rising fuel prices, there is a growing demand for tires that can help improve fuel efficiency and reduce carbon emissions. Investors can capitalize on this trend by investing in companies that manufacture, distribute, or innovate low rolling resistance tires in India. Additionally, the government`s push towards electric vehicles and renewable energy sources further enhances the potential for growth in this market segment. Investing in research and development for advanced tire technologies, expanding production capacities, and strategic partnerships with automotive manufacturers can position investors favorably in the evolving low rolling resistance tire market in India.
The Indian government has implemented several policies aimed at promoting the use of low rolling resistance tires in the market. These policies primarily focus on improving fuel efficiency and reducing carbon emissions from vehicles. One significant initiative is the implementation of tire labeling regulations that require manufacturers to display information on fuel efficiency, wet grip, and noise levels on their products. Additionally, the government has set targets for reducing carbon emissions from vehicles, incentivizing the adoption of low rolling resistance tires as a way to achieve these goals. Various awareness campaigns and subsidies have also been launched to encourage consumers to choose eco-friendly tires. Overall, these policies are designed to drive the shift towards more sustainable transportation practices in India.
The India low rolling resistance tire market is expected to continue its growth trajectory in the coming years, driven by increasing awareness of environmental sustainability and a growing focus on improving fuel efficiency. Government regulations promoting the use of energy-efficient tires, along with rising fuel prices, are also contributing factors. The market is likely to see advancements in tire technology to further enhance fuel efficiency and reduce carbon emissions. Additionally, the shift towards electric vehicles in India is expected to create new opportunities for low rolling resistance tires, as automakers seek to maximize the range and efficiency of their vehicles. Overall, the India low rolling resistance tire market is poised for steady growth as consumers and manufacturers increasingly prioritize sustainability and cost savings.
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 Low Rolling Resistance Tire Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Low Rolling Resistance Tire Market Revenues & Volume, 2021 & 2031F |
3.3 India Low Rolling Resistance Tire Market - Industry Life Cycle |
3.4 India Low Rolling Resistance Tire Market - Porter's Five Forces |
3.5 India Low Rolling Resistance Tire Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 India Low Rolling Resistance Tire Market Revenues & Volume Share, By Width Type, 2021 & 2031F |
3.7 India Low Rolling Resistance Tire Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 India Low Rolling Resistance Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental sustainability and fuel efficiency |
4.2.2 Government regulations promoting the use of energy-efficient tires |
4.2.3 Growing demand for fuel-efficient vehicles in India |
4.3 Market Restraints |
4.3.1 Initial high cost of low rolling resistance tires compared to conventional tires |
4.3.2 Limited availability of low rolling resistance tire options in the market |
4.3.3 Lack of consumer awareness about the benefits of low rolling resistance tires |
5 India Low Rolling Resistance Tire Market Trends |
6 India Low Rolling Resistance Tire Market, By Types |
6.1 India Low Rolling Resistance Tire Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Low Rolling Resistance Tire Market Revenues & Volume, By Vehicle Type, 2021 - 2031F |
6.1.3 India Low Rolling Resistance Tire Market Revenues & Volume, By Passenger Vehicle, 2021 - 2031F |
6.1.4 India Low Rolling Resistance Tire Market Revenues & Volume, By Light Commercial Vehicle, 2021 - 2031F |
6.1.5 India Low Rolling Resistance Tire Market Revenues & Volume, By Heavy Commercial Vehicle, 2021 - 2031F |
6.2 India Low Rolling Resistance Tire Market, By Width Type |
6.2.1 Overview and Analysis |
6.2.2 India Low Rolling Resistance Tire Market Revenues & Volume, By Dual Type, 2021 - 2031F |
6.2.3 India Low Rolling Resistance Tire Market Revenues & Volume, By Wide Band Type, 2021 - 2031F |
6.3 India Low Rolling Resistance Tire Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 India Low Rolling Resistance Tire Market Revenues & Volume, By OEM, 2021 - 2031F |
6.3.3 India Low Rolling Resistance Tire Market Revenues & Volume, By Aftermarket, 2021 - 2031F |
7 India Low Rolling Resistance Tire Market Import-Export Trade Statistics |
7.1 India Low Rolling Resistance Tire Market Export to Major Countries |
7.2 India Low Rolling Resistance Tire Market Imports from Major Countries |
8 India Low Rolling Resistance Tire Market Key Performance Indicators |
8.1 Average fuel efficiency improvement reported by vehicles using low rolling resistance tires |
8.2 Number of automobile manufacturers incorporating low rolling resistance tires in their new vehicle models |
8.3 Percentage increase in the adoption of low rolling resistance tires by commercial vehicle fleets |
9 India Low Rolling Resistance Tire Market - Opportunity Assessment |
9.1 India Low Rolling Resistance Tire Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 India Low Rolling Resistance Tire Market Opportunity Assessment, By Width Type, 2021 & 2031F |
9.3 India Low Rolling Resistance Tire Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 India Low Rolling Resistance Tire Market - Competitive Landscape |
10.1 India Low Rolling Resistance Tire Market Revenue Share, By Companies, 2024 |
10.2 India Low Rolling Resistance Tire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |