India Tire Market Research 2025–2030: Growth, Size & Opportunities

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Jul 8, 2025 - 15:53

India Tire Market Research 2025–2030: Growth, Size & Opportunities

Introduction

The India Tire Market is undergoing rapid changes due to evolving technologies, consumer behaviors, and regulatory frameworks. This research report explores essential insights, market trends, and forecasts between 2025 and 2030, offering valuable context for businesses, investors, and decision-makers. It is designed to provide a clear understanding of where the market stands and where it's heading, with the added benefit of downloadable resources and analyst support.

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What This Report Covers

Current Market Size & Forecast (20252030)
Key Growth Drivers & Challenges
Latest Trends & Investment Hotspots
Market Segmentation:
Competitive Landscape & Player Analysis
Opportunities, Risks, and Strategic Recommendations

Current Market Status and Future Projections

India Tire Marketsize is valued at aroundUSD 11.98 billion in2024& is projected to reachUSD 21.27 billion by 2030. The market is also estimated to grow at aCAGR of around 12.17%during the forecast period, i.e., 2025-30.

Key Factors Influencing Growth

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.

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Breakdown by Segments and Geography

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

Amongst all, two-wheelers are anticipated to dominate the India Tire Market with the largest market share during 2025-30.

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

Here, radial tires are anticipated to dominate the market with the largest market share during the forecast period, principally due to the growing vehicle fleet for passenger cars & light commercial vehicles (LCVs) across India.

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

By Region

East
West
North
South.

Competitive Landscape and Market Positioning

The India Tire Market is highly competitive, with both established companies and new entrants contributing to its dynamism. Leading players such as:

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

are focusing on expanding their product portfolios, enhancing user experiences, and investing in R&D. Recent developments include mergers, acquisitions, strategic partnerships, and geographic expansion. These activities highlight the evolving strategies being adopted to gain market share and respond to shifting consumer needs.

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Strategic Outlook and Analyst Perspective

Looking ahead, the India Tire Market is poised for significant transformation. Emerging trends like AI integration, eco-friendly product development, and digitalization are expected to reshape industry dynamics. Analysts recommend that stakeholders keep a close eye on regional shifts, policy developments, and evolving customer preferences. Businesses that remain agile, adopt technology early, and prioritize customer-centric innovation will likely emerge as leaders in this evolving landscape.

Research Methodology We Use

Primary research via expert interviews and surveys
Secondary data from verified industry sources
Top-down & bottom-up estimation
Forecasting using time-series models & triangulation

Key Questions Answered

What is the current market size of India Tire Market?
What is the expected growth rate by 2030?
Which segments are gaining the most traction?
What are the major trends and challenges?
Who are the major players, and what are their strategies?
Which region holds the highest growth potential?

Other Report:

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