India Tire Market Forecast & Opportunities, 2021

  • ID: 3743217
  • Report
  • Region: India
  • 270 pages
  • TechSci Research
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India Tire Market Forecast to Witness a CAGR of Over 9% During 2016-2021

FEATURED COMPANIES

  • Apollo Tyres Ltd.
  • Birla Tyres Limited
  • CEAT Limited
  • Continental India Limited
  • Goodyear India Limited
  • Govind Rubber Limited
  • MORE
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With more than 60 tire manufacturing plants spread across the country in 2015, India ranks among one of the largest tire markets in the world. Growing automobile sales coupled with expanding automobile fleet are the major factors boosting demand for tires in the country.

Moreover, with favorable inflationary scenario, expanding middle class population and increasing national disposable income, tire sales across all the automobile segments are expected to grow in the coming years. Presence of major automotive OEMs such as Ford, Hyundai, Honda, Mahindra, Maruti Suzuki, TATA, BMW, etc. has been hugely contributing to the sales of tires in India. MRF, CEAT, Birla Tyres, TVS Srichakra, Apollo Tyres and JK Tyre are few of the major regional tire manufacturers, while the major international tire brands operating in the country includes Goodyear, Bridgestone, Michelin, Continental, Yokohama, and Hankook.

According to the report, “India Tire Market Forecast & Opportunities, 2021", the country’s tire market is forecast to witness a CAGR of over 9% during 2016-2021. Though the replacement tire demand had a majority share in 2015, the OEM tire demand is expected to outpace replacement tire demand during 2016-2021.

In 2015, Northern region accounted for the largest share in India’s tire market, followed by Southern, Eastern and Western regions of the country. Over the next five years as well, Northern and Southern regions are forecast to continue their market dominance and grab a cumulative market share of nearly 59% in 2021. Two-wheeler tire segment, which accounted for a volume share of over 50% in the country’s tire market in 2015, is also expected to maintain its position as the largest tire segment over the next five years. “India Tire Market Forecast & Opportunities, 2021” report elaborates following aspects of tire market in India:

- India Tire Market Size, Share & Forecast
- Segmental Analysis - Passenger Car Tires, Light Commercial Tires, Medium and Heavy Commercial Vehicle Tires, Off-The-Road (OTR) Tires, Two-Wheeler Tires & Three-Wheeler Tires.
- Voice of Customer - Brand Recall, Brand Satisfaction, Brand Switching Behavior, Factors responsible for purchase decision.
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tire market in India
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire manufacturers, distributors, dealers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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FEATURED COMPANIES

  • Apollo Tyres Ltd.
  • Birla Tyres Limited
  • CEAT Limited
  • Continental India Limited
  • Goodyear India Limited
  • Govind Rubber Limited
  • MORE
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

1. Product Overview

2. Research Methodology

3. Analyst View

4. India Tire Production Overview

5. India Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (M&HCV, PC, 2W, OTR, LCV & 3W)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM Vs. Replacement)
5.2.5. By Radial Vs. Bias
5.3. Market Attractive Index (By Vehicle Type)
5.4. Voice of Customers
5.4.1. Unaided Brand Recall
5.4.1.1. Brand Satisfaction Level
5.4.1.2. Brand Switching Behavior
5.4.1.3. Factors Influencing Purchase Decision

6. India Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Demand Category (OEM Vs. Replacement)
6.2.3. By Company
6.2.4. By Radial Vs. Bias
6.3. Popular Sizes/Price Analysis
6.4. Prominent List of OE Supplier
6.5. Market Attractive Index (By Type)
6.6. Supply Chain Analysis
6.7. Voice of Customers
6.7.1. Unaided Brand Recall
6.7.2. Brand Satisfaction Level
6.7.3. Brand Switching Behavior
6.7.4. Factors Influencing Purchase Decision

7. India Passenger Car Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Demand Category (OEM Vs. Replacement)
7.2.3. By Company
7.2.4. By Radial Vs. Bias
7.3. Popular Sizes/Price Analysis
7.4. Prominent List of OE Supplier
7.5. Market Attractive Index (By Type)
7.6. Supply Chain Analysis
7.7. Voice of Customers
7.7.1. Unaided Brand Recall
7.7.2. Brand Satisfaction Level
7.7.3. Brand Switching Behavior
7.7.4. Factors Influencing Purchase Decision

8. India Two-Wheeler (2W) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Demand Category (OEM Vs. Replacement)
8.2.3. By Company
8.2.4. By Radial Vs. Bias
8.3. Popular Sizes/Price Analysis
8.4. Prominent List of OE Supplier
8.5. Market Attractive Index (By Type)
8.6. Supply Chain Analysis
8.7. Voice of Customers
8.7.1. Unaided Brand Recall
8.7.2. Brand Satisfaction Level
8.7.3. Brand Switching Behavior
8.7.4. Factors Influencing Purchase Decision

9. India Off-The Road (OTR) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Demand Category (OEM Vs. Replacement)
9.2.3. By Company
9.2.4. By Radial Vs. Bias
9.3. Popular Sizes/Price Analysis
9.4. Prominent List of OE Supplier
9.5. Market Attractive Index (By End Use Industry)
9.6. Supply Chain Analysis
9.7. Voice of Customers
9.7.1. Unaided Brand Recall
9.7.2. Brand Satisfaction Level
9.7.3. Brand Switching Behavior
9.7.4. Factors Influencing Purchase Decision

10. India Light Commercial Vehicle (LCV) Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Demand Category (OEM Vs. Replacement)
10.2.3. By Company
10.2.4. By Radial Vs. Bias
10.3. Popular Sizes/Price Analysis
10.4. Prominent List of OE Supplier
10.5. Market Attractive Index (By Type)
10.6. Supply Chain Analysis
10.7. Voice of Customers
10.8. Unaided Brand Recall
10.9. Brand Satisfaction Level
10.10. Brand Switching Behavior
10.11. Factors Influencing Purchase Decision

11. India Three-Wheeler (3W) Tire Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Demand Category (OEM Vs. Replacement)
11.2.3. By Company
11.3. Popular Sizes/Price Analysis
11.4. Prominent List of OE Supplier
11.5. Market Attractive Index (By Type)
11.6. Supply Chain Analysis
11.7. Voice of Customers
11.7.1. Unaided Brand Recall
11.7.2. Brand Satisfaction Level
11.7.3. Brand Switching Behavior
11.7.4. Factors Influencing Purchase Decision

12. Import-Export Analysis

13. Market Dynamics
13.1. Drivers
13.2. Challenges

14. Market Trends & Developments

15. Policy & Regulatory Landscape

16. India Economic Profile

17. Competitive Landscape
17.1. MRF Limited
17.2. CEAT Limited
17.3. Birla Tyres Limited
17.4. TVS Srichakra Limited
17.5. Apollo Tyres Ltd.
17.6. JK Tyre & Industries Ltd.
17.7. Bridgestone India Private Limited
17.8. Goodyear India Limited
17.9. Michelin India Private Limited
17.10. Balkrishna Industries Limited
17.11. Govind Rubber Limited
17.12. Continental India Limited

18. Strategic Recommendations

19. Annexure (Include Dealer/Distributor List for each Tire Company)

List of Figures

Figure 1: India Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2011-2021F
Figure 2: India Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 3: India Tire Market Share, By Company, By Volume, 2015-2021F
Figure 4: India Tire Market Share, By Region, By Volume, 2015 & 2021F
Figure 5: India Tire Market Share, By Region, By Volume, 2015-2021F
Figure 6: India Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 7: India Tire Market Share, By Radial Vs. Bias, By Volume, 2011-2021F
Figure 8: India Radial Tire Penetration Level, By Vehicle Type, By Volume, 2011-2021F
Figure 9: India Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 10: Unaided Brand Recall - India Tire Market
Figure 11: Brand Satisfaction Level - India Tire Market
Figure 12: Brand Switching Behavior - India Tire Market
Figure 13: Factors Influencing Purchase Decision of Tires
Figure 14: India Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Mllion Unit), 2011-2021F
Figure 15: India Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 16: India Medium & Heavy Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 17: India M&HCV Tire Market Share, By Company, By Volume, 2015-2021F
Figure 18: India M&HCV Tire Market Share, By Radial Vs. Bias, By Volume, 2011-2021F
Figure 19: India M&HCV Prominent OE Tire Suppliers, As of 2015
Figure 20: India Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 21: Unaided Brand Recall - M&HCV Tires
Figure 22: Brand Satisfaction Level - M&HCV Tires
Figure 23: Brand Switching Behavior - M&HCV Tires
Figure 24: Factors Influencing Purchase Decision of M&HCV Tires
Figure 25: India Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2011-2021F
Figure 26: India GNI Per Capita, 2010-2014 (USD)
Figure 27: India Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 28: India Passenger Car Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 29: India Passenger Car Tire Market Share, By Company, By Volume, 2015-2021F
Figure 30: India Tire Market Share, By Radial Vs. Bias, By Volume, 2011-2021F
Figure 31: India Passenger Car Prominent OEM Tire Suppliers, 2015
Figure 32: India Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 33: Unaided Brand Recall - Passenger Car Tires
Figure 34: Brand Satisfaction Level - Passenger Car Tires
Figure 35: Brand Switching Behavior - Passenger Car Tires
Figure 36: Factors Influencing Purchase Decision of Passenger Car Tires
Figure 37: India Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2011-2021F
Figure 38: India Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 39: India Two-Wheeler Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 40: India Two-Wheeler Tire Market Share, By Company, By Volume, 2015-2021F
Figure 41: India Two-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2011-2021F
Figure 42: India Two-Wheelers Prominent OE Tire Suppliers, 2015
Figure 43: India Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 44: Unaided Brand Recall - Two Wheeler Tires
Figure 45: Brand Satisfaction Level - Two Wheeler Tires
Figure 46: Brand Switching Behavior - Two Wheeler Tires
Figure 47: Influencing Purchase Decision - Two-Wheeler Tires
Figure 48: India Off-The-Road (OTR) Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F
Figure 49: India Off-The-Road (OTR) Vehicle Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 50: India Off-The-Road (OTR) Vehicle Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 51: India Off-The-Road (OTR) Vehicle Tire Market Share, By Company, By Volume, 2015-2021F
Figure 52: India OTR Tire Market Share, By Radial Vs. Bias, By Volume, 2011-2021F
Figure 53: India OTR Prominent OE Tire Suppliers, 2015
Figure 54: India Off-The-Road (OTR) Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 55: Unaided Brand Recall - OTR Tires
Figure 56: Brand Satisfaction Level - OTR Tires
Figure 57: Brand Switching Behavior - OTR Tires
Figure 58: Factors Influencing Purchase Decision of OTR Tires
Figure 59: India Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2011-2021F
Figure 60: India Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 61: India Light Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 62: India Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2015-2021F
Figure 63: India Light Commercial Vehicle Tire Market Share, By Radial Vs. Bias, By Volume, 2011-2021F
Figure 64: India LCV Prominent OE Tire Suppliers (2015)
Figure 65: India Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 66: Unaided Brand Recall - LCV Tires
Figure 67: Brand Satisfaction Level - LCV Tires
Figure 68: Brand Switching Behavior - LCV Tires
Figure 69: Factors Influencing Purchase Decision of LCV Tires
Figure 70: India Three-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2011-2021F
Figure 71: India Internet & Mobile Internet Users, By Volume, 2012-2016E (Million People)
Figure 72: India Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 73: India Three-Wheeler Tire Market Share, By Demand Category, By Volume, 2011-2021F
Figure 74: India Three-Wheeler Tire Market Share, By Company, By Volume, 2015-2021F
Figure 75: India Three-Wheelers Prominent OE Tire Suppliers, 2015
Figure 76: India Three-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2015
Figure 77: Unaided Brand Recall - Three Wheeler Tires
Figure 78: Brand Satisfaction Level - Three Wheeler Tires
Figure 79: Brand Switching Behavior - Three Wheeler Tires
Figure 80: Factors Influencing Purchase Decision of Three Wheeler Tires
Figure 81: India Commercial Vehicle Tire Imports, By Value, FY2012-FY2016- (USD Million)
Figure 82: India Passenger Car Tire Imports, By Value, FY2012-FY2016- (USD Million)
Figure 83: India Off-The-Road Tire Imports, By Value, FY2012-FY2016- (USD Million)
Figure 84: India Two-Wheeler Tire Imports, By Value, FY2012-FY2016- (USD Million)
Figure 85: India Tire Import Share, By Vehicle Type, By Value, FY2016-
Figure 86: India Passenger Car Tire Imports, By Volume, FY2012-FY2016- (Million Unit)
Figure 87: India Two-Wheeler Tire Imports, By Volume, FY2012-FY2016- (Million Unit)
Figure 88: India Commercial Vehicle Tire Imports, By Volume, FY2012-FY2016- (Million Unit)

Full List of Figures & Tables Available in the Report
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10% Free customization

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- Apollo Tyres Ltd.
- Balkrishna Industries Limited
- Birla Tyres Limited
- Bridgestone India Private Limited
- CEAT Limited
- Continental India Limited
- Goodyear India Limited
- Govind Rubber Limited
- JK Tyre & Industries Ltd.
- MRF Limited
- Michelin India Private Limited
- TVS Srichakra Limited
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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