Tyre Market- India
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 2.85% (2025-2033)
Market Size in 2024: 202.2 Million Units
Market Size in 2033: 263.8 Million Units
The India tyre market is increasing as a result of growing exports, growing infrastructure, increased demand for automobiles, and developments in tire technology. According to the latest report by IMARC Group, the market size reached 202.2 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 263.8 Million Units by 2033, exhibiting a growth rate (CAGR) of 2.85% during 2025-2033.
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India Tyre Market Trends and Drivers:
- Rising Demand for Personal Vehicles:
- Increasing vehicle ownership, especially in urban areas, is driving higher tyre demand.
- By 2024, India is projected to reach a record number of registered vehicles, boosting the need for both new and replacement tyres.
- Impact of Electric Vehicles (EVs):
- The growing popularity of electric vehicles is reshaping the tyre industry.
- Manufacturers are developing specialized tyres with lower rolling resistance and greater durability to meet the needs of EVs.
- Expansion of E-Commerce:
- E-commerce platforms are changing how consumers purchase tyres, offering greater convenience and access to a wide variety of products at competitive prices.
- This shift is driving demand for eco-friendly tyres and pushing manufacturers to adopt sustainable practices.
- Growth of Vehicle Ownership:
- A rising middle class and higher incomes are fueling the purchase of two-wheelers, cars, and commercial vehicles.
- Government efforts to improve infrastructure are making vehicle travel more attractive, further increasing tyre demand.
- Focus on Sustainability:
- Environmental awareness and regulatory pressure are leading to a greater emphasis on eco-friendly practices in the tyre industry.
- Tyre manufacturers are using sustainable materials and promoting recycling programs, while green tyres, which improve fuel efficiency, are gaining popularity.
- Technological Advancements:
- Smart technologies, such as sensors for pressure and temperature monitoring, are enhancing safety and customer trust.
- Innovations in tyre manufacturing, including automation and advanced materials, are making tyres more affordable and durable.
- Growth in Online Sales:
- The shift toward online tyre sales is empowering consumers to compare products, read reviews, and make informed purchasing decisions.
- This trend is especially appealing to tech-savvy consumers, further driving market growth.
India Tyre Market Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India tyre market demand. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Breakup by Vehicle Type:
- Two Wheelers
- Three Wheelers
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Off the Road
Breakup by OEM and Replacement Segment:
- OEM Tyres
- Replacement Tyres
Breakup by Domestic Production and Imports:
- Domestic Production
- Imports
Breakup by Radial and Bias Tyres:
- Bias Tyres
- Radial Tyres
Breakup by Tube and Tubeless Tyres:
- Tube Tyres
- Tubeless Tyres
Breakup by Tyre Size:
- Small
- Medium
- Large
Breakup by Price Segment:
- Low
- Medium
- High
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=reportid=1261flag=C
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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