India Tyre Market Trends Analysis, Size, Share and Growth Report 2025-2033
India Tyre Market 2025-2033
According to IMARC Group's report titled "India Tyre Market Size, Share, Trends and Forecast by Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Tyre Size, Price Segment, and Region, 2025-2033", the report presents a thorough review featuring the India tyre market trends, share, share and research of the industry.
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The India tyre market size was valued USD 13.4 billion in 2024. By 2033, this figure is projected to reach around USD 27.6 billion, with a compound annual growth rate (CAGR) of 7.6% over the forecast period (2025-2033).
India Tyre Market Trends:
The Indian tyre industry is moving towards radial tyre technology due to changing consumer preferences and advances in technology. The rising demand for radial tyres, especially in the commercial vehicle segment, is due to their better tread life, and lower rolling resistance, which results in better fuel economy. Electric vehicles (EVs)' rise has driven specialty EV tyres' development. Manufacturers now focus on sustainability, as they look to produce products from recycled processes and sustain them to comply with international standards. Online selling grows and it is another major trend. Consumers like to order online to compare price and specification from different retailers.
In parallel, rise in number of tyre shops and service centres in Tier II and III cities is also helping to widen the market. To meet the demand of tech-savvy customers, products such as airless tyres and smart or clever tyres fitted with sensors, have also emerged in the market. The government of India has been pushing for quality and performance in the tyre industry. It is doing this through the Automotive Mission Plan and by implementing new safety regulations. This indicates a shift. This shift is towards innovation, sustainability, and digitalization in India's tyre industry.
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India Tyre Market Scope and Growth Analysis:
The Indian tyre industry has massive growth potential, supported by a solid automotive market and increasing ownership of vehicles. The tyre replacement market, with its large and aging vehicle stock, constitutes the largest market segment. The development of infrastructure and logistics needs with associated growth in the commercial vehicle segment is also another driver in the growth of tyre demand. Another contributor is the exponential growth of the two-wheeler segment in the urban and semi-urban markets. This has been supported by the government's "Make in India" policy, which prompted manufacturers to produce locally and discouraged imports, thus promoting self-sufficiency in manufacturing tyres. The aftermarket segment also gained momentum as organized players emerged to produce quality tyres at affordable prices.
Tyre production is also becoming more efficient and reliable due to developments in tyre manufacturing technology, including the increased automation of the process and usage of AI-driven quality control technology. Increasing focus on the export markets, and participation of Indian brands, is another driver of growth. Growing disposable incomes, urbanization and government initiatives are expected to drive the growth of the India tyre market, providing several opportunities for manufacturers and investors.
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An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:
Apollo Tyres Ltd
Bridgestone India Private Limited
CEAT Ltd
Continental Tyres
JK Tyre & Industries Ltd.
MRF Tyres
The Goodyear Tire & Rubber Company
Yokohama India Pvt Ltd
Comprehensive Market Report Highlights & Segmentation Analysis:
Analysis by Vehicle Type:
Two Wheelers
Three Wheelers
Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Off the Road
The two-wheeler tyre segment holds the largest share in the India tyre market, driven by high demand, widespread usage, and a rapidly growing two-wheeler population.
Analysis by OEM and Replacement:
OEM Tyres
Replacement Tyres
The replacement tyre segment dominates the India tyre market, accounting for the largest share due to increasing vehicle ownership, wear and tear, and growing consumer demand.
Analysis by Domestic Production and Imports:
Domestic Production
Imports
Domestic tyre manufacturing holds a dominant position in the Indian tyre market, accounting for the majority share and driving growth across various vehicle segments nationwide.
Analysis by Radial and Bias Tyres:
Bias Tyres
Radial Tyres
Radial tyres hold a dominant position in the India tyre market, driven by their superior performance, durability, fuel efficiency, and increasing adoption across vehicle segments.
Analysis by Tube and Tubeless Tyres:
Tube Tyres
Tubeless Tyres
The tubeless tyre segment holds the largest market share in the India tyre industry, driven by growing consumer preference for enhanced safety, durability, and fuel efficiency.
Analysis by Tyre Size:
Small
Medium
Large
The small tyre segment accounts for the largest market share in India, mainly due to strong demand for two-wheelers, entry-level cars, and compact commercial vehicles.
Analysis by Price Segment:
Low
Medium
High
Regional Analysis:
North India
East India
West and Central India
South India
West and Central India dominate the Indian tyre market, driven by robust automotive manufacturing hubs, advanced infrastructure, high vehicle ownership, and strong regional demand for replacement tyres.
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Other key areas covered in the report:
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
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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