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India Passenger Car Tyre Market Size, Growth, Forecast: By Product: Tube, Tubeless; By Construction Type: Bias, Radial; By Type: New Tyres, Retreated Tyres; By Rim Size: 13-15 Inch, 16-18 Inch, 19-21 Inch; By Price Range: Low, Medium, High; By Vehicle Type: Hatchback, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
India Passenger Car Tyre Market Outlook
The India passenger car tyre market size is estimated to grow at a CAGR of 7.10% in the forecast period of 2024-2032. The market is likely to be aided by growing car ownership among the burgeoning population in the country.
Key Trends in the Market
A tyre is a circular or ring-shaped part of a vehicle that provides the friction between the vehicle and the surface. It boasts an inflatable shape and transfers the vehicle load through the wheel to the ground. Tyres are essential in all types of locomotives, ranging from aircraft to bicycles.
- The increased production of vehicles due to the growing demand for personal mobility solutions in metropolitan areas is a key India passenger car tyre market trend. Tyres are crucial components of a vehicle, improving its overall performance and ensuring a safe and comfortable ride.
- The development of green tyres that reduce fuel consumption by minimising friction between the ground and the vehicle is aiding the market. Increasing attempts to decarbonise the automotive and transportation sectors are likely to further bolster the India passenger car tyre market demand in upcoming years.
- The increasing affordability of personal mobility solutions and the growing ownership of cars among middle-class families are driving the demand for car tyres. Moreover, favourable government initiatives aimed at boosting the manufacturing of tyres are anticipated to support the India passenger car tyre market growth in the forecast period.
Market Analysis
Based on product, the market is divided into tube and tubeless. On the basis of construction type, the market is classified into bias and radical. By type, the India passenger car tyre market segmentation includes new tyres and retreated tyres. On the basis of rim size, the market is segmented into 13–15-inch, 16-18 inch, and 19-21 inch. Based on price range, the market is divided into low, medium, and high.
On the basis of vehicle type, the market is classified into hatchback, sedan, SUV, MUV, and luxury cars, among others. Based on end use, the market is categorised into OEMs and aftermarket. The major regional markets for passenger car tyre are North India, South India, East India, and West India.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India passenger car tyre market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- CEAT Limited
- JK Tyre & Industries Ltd
- Bridgestone India Private India
- Continental India Limited
- Birla Tyres Limited
- Goodyear India Limited
- TVS Srichakra Limited
- Apollo Tyres Ltd
- Balkrishna Industries Limited
- Michelin India Private Limited.
- Others
Market Share by Product
According to the India passenger car tyre market analysis, the demand for tubeless tyres is significantly increasing as they are lightweight, offer high mileage, and enhance the fuel-efficiency. Furthermore, they provide enhanced safety in case of a puncture as the air seeps out slowly through such tyres, reducing the risk of accidents. Tubeless tyres also facilitate the manoeuvring of cars at high speed and their low pressure and minimal rolling resistance enhance the safety and comfortability of riders.
Market Share by End Use
The OEM sector accounts for a significant portion of the India passenger car tyre market share as they are specifically designed by the manufacturer of a car and boast excellent performance. Moreover, OEM tyres come with extended warranty periods and help end-users to achieve consistent driving experience.
Meanwhile, the demand for aftermarket tyres is anticipated to grow in coming years due to their affordability and easy availability. The increasing launch of aftermarket passenger car tyres with enhanced durability, safety, and performance is likely to favour the overall India passenger car tyre market in the coming years.
Competitive Landscape
CEAT Limited, established in 1924, is a multinational car manufacturer with headquarters in Maharashtra, India. It is owned by the RPG group and provides high-end products and services over 110 countries.
Bridgestone India Private Limted, founded in 1996, is an automotive company with its headquarters in Maharashtra, India. It is a subsidiary of the company Bridgestone corporation in Japan and is a well-known supplier of the OEM tyres in India.
Birla Tyres Limited, founded in 1991 and based in West Bengal, India, is a pioneer in the production and development of tyres. It is one of the leading suppliers of tyres for heavy duty vehicles, farm vehicles, and commercial vehicles in India.
Other India passenger car tyre market players include JK Tyre & Industries Ltd, Continental India Limited, Goodyear India Limited, TVS Srichakra Limited, Apollo Tyres Ltd, Balkrishna Industries Limited, and Michelin India Private Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Construction Type |
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| Breakup by Type |
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| Breakup by Rim Size |
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| Breakup by Price Range |
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| Breakup by Vehicle Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Passenger Car Tyre Market Overview
8.1 Key Industry Highlights
8.2 India Passenger Car Tyre Historical Market (2018-2023)
8.3 India Passenger Car Tyre Market Forecast (2024-2032)
9 India Passenger Car Tyre Market by Product
9.1 Tube
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Tubeless
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 India Passenger Car Tyre Market by Construction Type
10.1 Bias
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Radial
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 India Passenger Car Tyre Market by Type
11.1 New Tyres
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Retreated Tyres
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 India Passenger Car Tyre Market by Rim Size
12.1 13-15 Inch
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 16-18 Inch
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 19-21 Inch
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 India Passenger Car Tyre Market by Price Range
13.1 Low
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Medium
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 High
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 India Passenger Car Tyre Market by Vehicle Type
14.1 Hatchback
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Sedan
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 SUV
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 MUV
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Luxury Cars
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 India Passenger Car Tyre Market by End Use
15.1 OEMs
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Aftermarket
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
16 India Passenger Car Tyre Market by Region
16.1 North India
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 South India
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
16.3 East India
16.3.1 Historical Trend (2018-2023)
16.3.2 Forecast Trend (2024-2032)
16.4 West India
16.4.1 Historical Trend (2018-2023)
16.4.2 Forecast Trend (2024-2032)
17 Market Dynamics
17.1 SWOT Analysis
17.1.1 Strengths
17.1.2 Weaknesses
17.1.3 Opportunities
17.1.4 Threats
17.2 Porter’s Five Forces Analysis
17.2.1 Supplier’s Power
17.2.2 Buyer’s Power
17.2.3 Threat of New Entrants
17.2.4 Degree of Rivalry
17.2.5 Threat of Substitutes
17.3 Key Indicators for Demand
17.4 Key Indicators for Price
18 Trade Data Analysis (HS Code – 401110, 401211)
18.1 Major Importing Countries
18.1.1 By Volume
18.1.2 By Value
18.2 Major Exporting Countries
18.2.1 By Volume
18.2.2 By Value
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 CEAT Limited
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 JK Tyre & Industries Ltd
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Bridgestone India Private Limted
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Continental India Limited
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Birla Tyres Limited
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Goodyear India Limited
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 TVS Srichakra Limited
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Apollo Tyres Ltd
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Balkrishna Industries Limited
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Michelin India Private Limited.
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Passenger Car Tyre Market: Key Industry Highlights, 2018 and 2032
2. India Passenger Car Tyre Historical Market: Breakup by Product (USD Million), 2018-2023
3. India Passenger Car Tyre Market Forecast: Breakup by Product (USD Million), 2024-2032
4. India Passenger Car Tyre Historical Market: Breakup by Construction Type (USD Million), 2018-2023
5. India Passenger Car Tyre Market Forecast: Breakup by Construction Type (USD Million), 2024-2032
6. India Passenger Car Tyre Historical Market: Breakup by Type (USD Million), 2018-2023
7. India Passenger Car Tyre Market Forecast: Breakup by Type (USD Million), 2024-2032
8. India Passenger Car Tyre Historical Market: Breakup by Rim Size (USD Million), 2018-2023
9. India Passenger Car Tyre Market Forecast: Breakup by Rim Size (USD Million), 2024-2032
10. India Passenger Car Tyre Historical Market: Breakup by Price Range (USD Million), 2018-2023
11. India Passenger Car Tyre Market Forecast: Breakup by Price Range (USD Million), 2024-2032
12. India Passenger Car Tyre Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
13. India Passenger Car Tyre Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
14. India Passenger Car Tyre Historical Market: Breakup by Region (USD Million), 2018-2023
15. India Passenger Car Tyre Market Forecast: Breakup by Region (USD Million), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. India Passenger Car Tyre Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 7.10% between 2024 and 2032.
The major market drivers are the increasing sales of passenger cars and the introduction of favourable government initiatives aimed at boosting tyre manufacturing in India.
The key trends of the market include a rise in the demand for personal mobility solutions, the development of green tyres, and the growing affordability of cars.
The major regions in the market are North India, South India, East India, and West India.
The different end uses of passenger car tyres in India are OEMs and aftermarket.
The major passenger car tyre types in the market are new tyres and retreated tyres.
Hatchback, sedan, SUV, MUV, and luxury cars, among others, are the various vehicle types considered in the market report.
The key market players, according to the report, are CEAT Limited, JK Tyre & Industries Ltd, Bridgestone India Private India, Continental India Limited, Birla Tyres Limited, Goodyear India Limited, TVS Srichakra Limited, Apollo Tyres Ltd, Balkrishna Industries Limited, and Michelin India Private Limited, among others.
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