India Tire Market to Surpass USD 21.27 billion by 2030, Growing at 12.17% CAGR

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled India Tire Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the India Tire, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

India Tire Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: - https://www.marknteladvisors.com/query/request-sample/india-tire-market-analysis.html  (Discover the market potential, platform-specific insights, and key industry trends.)

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

India Tire Market Outlook

The India Tire Market size is valued at around USD 11.98 billion in 2024 & is projected to reach USD 21.27 billion by 2030. The market is also estimated to grow at a CAGR of around 12.17% during the forecast period, i.e., 2025-30. The estimated growth of the market owes primarily to robust economic growth, increasing vehicle production, superior aftermarket sales, enhanced road conditions, increasing disposable income of people, and their persistent preference for private ownership of vehicles, i.e., demonstrating a large fleet of passenger cars in India and burgeoning sales of tires. India is the largest market for two-wheelers and is lucrative for commercial vehicles. The top tire companies in India by market share are expanding their production while introducing new features in tires to cater to the increasing consumers’ demands.

India Tire Market Drivers:

Robust Economic Growth & Increasing Vehicle Production –  The main factors driving the tire market in India are, in fact, the country's strong economic development and increasing vehicle production. India's middle class has been growing, and disposable incomes have increased due to the country's significant economic growth. This increasing economic growth has augmented consumers' expenditures on automobiles. To meet the rising need for both personal and commercial transportation, there has been a notable growth in vehicle production. Because every new vehicle needs tires, the market for tires in India is directly boosted by this increase in vehicle production.

View Full Report (All Data, In One Place): - https://www.marknteladvisors.com/research-library/india-tire-market-analysis.html   (Explore in-depth analyses, technological trends, and investment patterns.)

India Tire Market Trends:

Increasing Demand for Eco-Friendly and Sustainable Tires – There is an increasing demand for eco-friendly and sustainable tires in the Indian tire industry because consumers are becoming more aware of climate change and its adverse impact on their lives. Moreover, sustainable tire solutions are becoming more and more popular due to the stricter regulations regarding emissions and waste management in the country. Tires with lower rolling resistance are more in demand from customers because they improve fuel economy, emit fewer greenhouse gases, and are composed of eco-friendly materials. To respond to this new market trend, the top tire companies in India by market share are making substantial investments in green technology and creating tires that use sustainable raw materials, including eco-friendly lubricants and natural rubber sourced from sustainable plantations.

India Tire Market Segmentation

The study categorizes the India Tire Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type of Vehicles

• Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
• Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
• Medium and Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
• Off the Road (OTR) - Market Size & Forecast 2020-2030, Thousand Units
• Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units

By Demand Category

• OEM- Market Size & Forecast 2020-2030, Thousand Units
• Aftermarket- Market Size & Forecast 2020-2030, Thousand Units

By Type of Tire

• Radial- Market Size & Forecast 2020-2030, Thousand Units
• Bias- Market Size & Forecast 2020-2030, Thousand Units

By Sales Channel

• Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
• Exclusive Outlets & Multi-brand Stores- Market Size & Forecast 2020-2030, Thousand Units
• Online- Market Size & Forecast 2020-2030, Thousand Units

By Price Category

• Budget- Market Size & Forecast 2020-2030, Thousand Units
• Economy- Market Size & Forecast 2020-2030, Thousand Units
• Premium- Market Size & Forecast 2020-2030, Thousand Units

By Tire Size

• Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
• Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
• Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
• Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
• Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• East
• West
• North
• South.

Talk to Our Industry Analyst:  - https://www.marknteladvisors.com/query/talk-to-our-consultant/india-tire-market-analysis.html Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in India Tire Market Worldwide: Players, Analysis & Future Outlook

• MRF
• Apollo Tyres
• CEAT
• JK Tyres & Industries Ltd.
• Balakrishna Tires
• TVS Srichakra Ltd.
• Goodyear India
• Bridgestone India Pvt. Ltd.
• Michelin India Pvt. Ltd.
• Continental India
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/india-tire-market-analysis.html   

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the India Tire Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the India Tire Market?
   4. Who are the prominent players in the India Tire Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.

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