India Tyre Market Size, Growth & Future Trends, Share Analysis & Forecast by 2033 | Get Free Sample Report

IMARC Group, a leading global market research and consulting company, has recently released a comprehensive 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 study offers a profound analysis of the industry, encompassing India tyre market share, size, growth factors, key trends, and regional insights.

Market Growth and Outlook: According to the latest analysis by IMARC Group, the India tyre market size was valued at USD 13.4 Billion in 2024.

Looking ahead, the market is projected to witness substantial growth, reaching USD 27.6 Billion by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period of 2025–2033.

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Factors Driving the India Tyre Market: The market is witnessing strong growth primarily due to the expanding automotive sector, infrastructure development, and increasing vehicle ownership.

• Growing Automotive Industry & Vehicle Ownership: The consistent rise in sales of passenger cars, two-wheelers, and commercial vehicles, fueled by rising disposable incomes and urbanization, is a primary driver for tyre demand.
• Infrastructure Development: Massive government investments in road infrastructure, such as highway construction and smart city projects, are boosting the logistics and transportation sectors, thereby increasing the demand for commercial vehicle tyres.
• Rising Radialization: There is a significant shift towards radial tyres, especially in the commercial vehicle segment (trucks and buses), due to their superior fuel efficiency, durability, and better mileage compared to bias tyres.
• Expansion of Replacement Market: With a large fleet of aging vehicles on Indian roads and growing consumer awareness about tyre maintenance and safety, the replacement tyre market is seeing robust expansion.
• Government Initiatives: Policies promoting domestic manufacturing (Make in India), incentives for Electric Vehicles (EVs), and regulations mandating safer and more efficient tyres are positively influencing the market.

Key Industry Trends: The report highlights several transformative trends shaping the future of the tyre industry in India:

• Shift to Tubeless and Radial Tyres: Consumers are increasingly preferring tubeless tyres for passenger cars and two-wheelers due to their safety features and puncture resistance. Similarly, commercial operators are adopting radial tyres for cost-effectiveness over long hauls.
• EV-Specific Tyres: With the rising adoption of electric vehicles, manufacturers are developing specialized tyres designed to handle the higher weight and instant torque of EVs, while offering lower rolling resistance to extend battery range.
• Smart Tyre Technology: The integration of IoT sensors for real-time monitoring of tyre pressure, temperature, and wear is gaining traction, particularly in the premium and commercial segments, to enhance safety and fleet management.
• Focus on Sustainability: Manufacturers are investing in eco-friendly production methods and sustainable materials (like green rubber) to meet stricter environmental regulations and cater to eco-conscious consumers.

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Comprehensive Market Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India tyre market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Vehicle Type Insights:

• Two Wheelers (Largest Segment)
• Three Wheelers
• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Off the Road (OTR)

Segment Insights:

• OEM Market
• Replacement Market (Dominant Segment)

Production & Import Insights:

• Domestic Production (Dominant Share)
• Imports

Construction Type Insights:

• Radial Tyres (Leading Segment)
• Bias Tyres

Tyre Type Insights:

• Tube Tyres
• Tubeless Tyres (Dominant Segment)

Analysis by Tyre Size:

• Small (Dominant Segment)
• Medium
• Large

Analysis by Price Segment:

• Low (Dominant Segment)
• Medium
• High

Regional Insights:

• North India
• West and Central India (Leading Region)
• South India
• East India

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Competitor Landscape: The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Key players include:

• 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

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 

Frequently Asked Questions:

Q1. What was the size of the India tyre market in 2024?

A1. The market reached USD 13.4 Billion in 2024.

Q2. What is the forecast for the market by 2033?

A2. It is expected to grow to USD 27.6 Billion by 2033, with a CAGR of 7.6% during 2025–2033.

Q3. Which vehicle segment dominates the market?

A3. The Two-Wheeler segment holds the largest share due to the high volume of motorcycles and scooters in India.

Q4. What is the share of the replacement market vs. OEM?

A4. The Replacement Market dominates, driven by the large active vehicle population and wear-and-tear replacement cycles.

Q5. Which region leads the market?

A5. West and Central India account for the largest market share, supported by strong automotive hubs and industrial activity.

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Sources: IMARC Group

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