Product Code: SR0422A191_Report
The India tyre market reached a volume of 182 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 221.8 Million Units by 2027, exhibiting a CAGR of 3.59% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
India represents the fourth largest market for tyres in the world after China, Europe and the United States. In India, the market is currently being driven by the increasing radialization of tyres, especially in buses and trucks. Moreover, the tyre industry consists of a vast consumer base; they are used in all types of vehicles which include passenger cars, buses, military vehicles, motorcycles, trucks, etc. The demand for tyres is primarily catalyzed from two end-user segments - OEMs and the replacement segment. The replacement market currently dominates the tyre market accounting for most of the total sales. Demand by the OEM segment is driven by new automobile sales trends, whereas the replacement market is linked to the usage patterns and replacement cycles. The market for tyres is quite concentrated in India, with the top 10 manufacturers accounting for around 80 percent of the total market share. MRF, Apollo Tyres and JK Tyres currently represent the top players in this market. Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the India tyre market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on vehicle type, OEM and replacement segment, domestic production and imports, radial and bias tyres, tube and tubeless tyres, tyre size and price segment.
- 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:
Breakup by Tube and Tubeless Tyres:
- Tube Tyres
- Tubeless Tyres
Breakup by Tyre Size:
Breakup by Price Segment:
Breakup by Region:
- North India
- East India
- West and Central India
- South India
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
Competitive Landscape:
- The report has also analysed the competitive landscape of the market with some of the India tyre companies being MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd., etc
- IMARC Group's latest report provides a deep insight into the India tyre market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the India tyre market in any manner. Key Questions Answered in This Report
- 1. What was the size of the India tyre market in 2021?
- 2. What is the expected growth rate of the India tyre market during 2022-2027?
- 3. What are the key factors driving the India tyre market?
- 4. What has been the impact of COVID-19 on the India tyre market?
- 5. What is the breakup of the India tyre market based on the vehicle type?
- 6. What is the breakup of the India tyre market based on the OEM and replacement segment?
- 7. What is the breakup of the India tyre market based on the domestic production and imports?
- 8. What is the breakup of the India tyre market based on the radial and bias tyres?
- 9. What is the breakup of the India tyre market based on the tyre size?
- 10. What are the key regions in the India tyre market?
- 11. Who are the key players/companies in the India tyre market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 India Tyre Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Vehicle Type
- 5.5 Market Breakup by OEM and Replacement Segment
- 5.6 Market Breakup by Domestic Production and Imports
- 5.7 Market Breakup by Radial and Bias Tyres
- 5.8 Market Breakup by Tube and Tubeless Tyres
- 5.9 Market Breakup by Tyre Size
- 5.10 Market Breakup by Price Segment
- 5.11 Market Breakup by Region
- 5.12 Market Forecast
- 5.13 SWOT Analysis
- 5.13.1 Overview
- 5.13.2 Strengths
- 5.13.3 Weaknesses
- 5.13.4 Opportunities
- 5.13.5 Threats
- 5.14 Value Chain Analysis
- 5.14.1 Overview
- 5.14.2 Research and Development
- 5.14.3 Raw Material Procurement
- 5.14.4 Tyre Manufacturing
- 5.14.5 Marketing
- 5.14.6 Distribution
- 5.14.7 End-Users
- 5.14.8 Recycling
- 5.15 Porters Five Forces Analysis
- 5.15.1 Overview
- 5.15.2 Bargaining Power of Buyers
- 5.15.3 Bargaining Power of Suppliers
- 5.15.4 Degree of Competition
- 5.15.5 Threat of New Entrants
- 5.15.6 Threat of Substitutes
- 5.16 PESTEL Analysis
- 5.16.1 Political
- 5.16.2 Economic
- 5.16.3 Social
- 5.16.4 Legal
- 5.16.5 Environmental
- 5.16.6 Technological
- 5.17 Price Analysis
- 5.17.1 Price Indicators
- 5.17.2 Price Structure
- 5.17.3 Margin Analysis
6 Market Breakup by Vehicle Type
- 6.1 Two Wheelers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Three Wheelers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Passenger Cars
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Light Commercial Vehicles
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Medium and Heavy Commercial Vehicles
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Off the Road
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by OEM and Replacement Segment
- 7.1 OEM Tyres
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Replacement Tyres
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Domestic Production and Imports
- 8.1 Domestic Production
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Imports
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Radial and Bias Tyres
- 9.1 Bias Tyres
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Radial Tyres
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Tube and Tubeless Tyres
- 10.1 Tube Tyres
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Tubeless Tyres
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Tyre Size
- 11.1 Small
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Medium
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Large
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
12 Market Breakup by Price Segment
- 12.1 Low
- 12.1.1 Market Trends
- 12.1.2 Market Forecast
- 12.2 Medium
- 12.2.1 Market Trends
- 12.2.2 Market Forecast
- 12.3 High
- 12.3.1 Market Trends
- 12.3.2 Market Forecast
13 Market Breakup by Region
- 13.1 North India
- 13.1.1 Market Trends
- 13.1.2 Market Forecast
- 13.2 West and Central India
- 13.2.1 Market Trends
- 13.2.2 Market Forecast
- 13.3 South India
- 13.3.1 Market Trends
- 13.3.2 Market Forecast
- 13.4 East India
- 13.4.1 Market Trends
- 13.4.2 Market Forecast
14 Government Regulations
15 Strategic Recommendations
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 MRF Limited
- 16.3.2 CEAT Limited
- 16.3.3 JK Tyre & Industries Ltd
- 16.3.4 Apollo Tyres Ltd