India Tyre Market Size, Share, Growth Analysis, Report 2025-2033

Market Overview 2025-2033

The India tyre 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. The market is growing steadily, driven by increasing vehicle production and rising demand for replacement tires. Expanding infrastructure, technological advancements, and the growing popularity of electric vehicles are key factors contributing to the sector's expansion.

Key Market Highlights:

✔️ Strong market growth driven by increasing vehicle production and replacement demand
✔️ Rising adoption of radial and tubeless tyres for improved performance and fuel efficiency
✔️ Expanding focus on sustainable and advanced tyre technologies, including eco-friendly and smart tyres

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India Tyre Market Trends and Driver:

The India tyre market is shifting towards sustainability. This change is due to growing environmental awareness and stricter emissions regulations. Manufacturers are investing in research and development for eco-friendly tyres. These tyres use sustainable materials like natural rubber and recycled components. This trend helps the environment and supports global sustainable manufacturing efforts. Urban consumers, who are more aware of their carbon footprint, are driving demand for green tyres.

Companies focused on sustainability are gaining an edge. They are fostering innovation and attracting eco-conscious buyers. This shift will significantly shape the market in the coming years. Electric vehicles (EVs) are changing the Indian tyre market. This shift brings new chances and challenges for manufacturers. The government is pushing for EV adoption and offering incentives for buyers. As a result, the need for specialised tyres for electric vehicles is growing. These tyres handle the unique weight and torque of EVs. They ensure both safety and performance.

As the EV market grows, traditional tyre makers are adding options for EVs. This change meets new consumer needs and helps reduce fossil fuel use. The rise of electric mobility will significantly affect tyre demand and innovation in India. Rapid urbanization and infrastructure development in India drive the tyre market. As cities grow and transport networks improve, the need for passenger and commercial vehicle tyres rises. More vehicles on the roads and urban projects, such as highways, fuel the tyre industry's growth.

A growing middle class and higher incomes lead to increased vehicle ownership, further increasing tyre demand. This builds a strong market for manufacturers. They are expanding production and investing in new technologies to serve urban consumers. The India tyre market is going through a major change. Several key trends are shaping its future. One big trend is the growing use of technology in tyre manufacturing and use.

Advances in materials science and manufacturing are making tyres more durable and fuel-efficient. Performance is also improving. Smart tyres with sensors for pressure, temperature, and tread wear are gaining popularity. These innovations boost safety and enhance the driving experience. As we approach 2024, digitalisation is becoming more important. E-commerce platforms are key sales channels now, letting consumers buy tyres online easily.

This change goes hand in hand with the rise of direct-to-consumer sales. It helps manufacturers build closer relationships with their customers. Also, sustainability is shaping market trends. Consumers increasingly choose brands that show environmental responsibility. As the industry changes, technology, consumer preferences, and regulations will shape the future of the Indian tyre market.

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India Tyre Market Segmentation:

The report segments the market based on product type, distribution channel, and region:

Study Period:
Base Year: 2024
Historical Year: 2019-2024
Forecast Year: 2025-2033

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
• East India
• West and Central India
• South India

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Competitive Landscape:

The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

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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This release was published on openPR.