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India Tire Market

The Indian tire market is expected to witness significant growth at a CAGR of 5.1% during the forecast period (2020-2026). Till 2018, the country was one of the fastest-growing automotive markets all across the globe, however, a downfall in vehicle sales in 2019 & 2020 (due to the COVID-19 pandemic) has been witnessed in the country. <br>

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India Tire Market

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  1. India Tire Market Size, Growth Analysis Report, Forecast to 2027 India Tire Market: Report Based on Development, Scope, Share, Trends, Forecast to 2027 India Tire Market Trends | Segmentation, Outlook, Industry Report to 2021-2027 The Indian tire market is expected to witness significant growth at a CAGR of 5.1% during the forecast period (2020-2026). Till 2018, the country was one of the fastest-growing automotive markets all across the globe, however, a downfall in vehicle sales in 2019 & 2020 (due to the COVID-19 pandemic) has been witnessed in the country. However, significant growth in the automotive industry during the forecast period and increasing disposable income of the people are some of the major factors for the growth of the market. Due to rising disposable income, the demand for high-performance tires, and customized tires (go-kart, off-road vehicle) are expected to increase, which will augment the market growth. Get Free Sample Copy @ https://www.omrglobal.com/request-sample/india-tire-market Moreover, a large population share of the country resides in rural areas and are dependent on agriculture. Due to good monsoon and bumper crop production, a significant demand for tires is expected from the rural side, even in the pandemic. The demand is mostly for two-wheelers and commercial vehicles and tractors. However, companies are still facing hurdles in manufacturing due to cases of COVID-19 among employees at the manufacturing sites. A Full Report of India Tire Market is Available at: https://www.omrglobal.com/industry- reports/india-tire-market India tire market is segmented based on vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light &

  2. medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. During the forecast period, passenger cars and two-wheelers are expected to maintain a major market share in the country. In FY 2019, the domestic sales of the two-wheeler in the country were 21 million compared to 24.5 million in FY 2018. Some of the key players of the Indian tire market include JK Tyre & Industries Ltd., CEAT Ltd., Apollo Tires Ltd., MRF Ltd. Bridgestone Corp., Continental AG, among others. The market players are significantly contributing to the market growth by adopting various strategies including mergers, & acquisitions, collaborations, new product launch, and geographical expansion, to stay competitive in the market. India Tire Market Segmentation India Automotive Tire Market by Vehicle Type •Passenger Cars •Light & Medium Commercial Vehicle •Heavy Commercial Vehicle •Two-Wheeler •Other (Construction, Agricultural, Customized Sports) India Automotive Tire Market by Road Application •All-Season Tire •Summer Tire •Winter Tire •Other (All-Terrain Tire) India Automotive Tire Market by Construction •Radial Tire •Bias Ply Tire India Automotive Tire Market by Tire Type •Tubeless Tire •Tubbed Tire

  3. India Automotive Tire Market by Sales Channel •OEM (Original Equipment Manufacturer) •Aftermarket (Replacement) India Tire Market – Segment by Region North America •United States •Canada Europe •Germany •United Kingdom •France •Spain •Italy •Rest of Europe Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World •Latin America •Middle East and Africa

  4. Company Profiles •Aeolus Tyre Co. Ltd. •Apollo Tires Ltd. •Balkrishna Industries Ltd. •Bridgestone Corp. •CEAT Ltd. •Continental AG •JKTyre & Industries Ltd. •Michelin Group •MRF Ltd. •Pirelli & C. S.p.A. •The Yokohama Rubber Co., Ltd. •TVS Srichakra Ltd. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/india-tire-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 780-304-0404

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