+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

India Two Wheeler Tire Market, By Vehicle Type (Motorcycle, Scooter and Moped), By Demand Category, By Radial Vs Bias, By Rim Size, By Tire Size, By Price Segment, By Aftermarket Demand Rim Size, By Region, By States, Competition, Forecast & Opportunities, FY2027

  • ID: 5472934
  • Report
  • November 2021
  • Region: India
  • 113 Pages
  • TechSci Research
Free Webex Call
10% Free customization
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.

FEATURED COMPANIES

  • Apollo Tyres Limited
  • CEAT Limited
  • JK Tyre & Industries Ltd.
  • Metro Tyres Limited
  • Michelin Group
  • MRF Limited
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.

The Indian Two Wheeler Tire Market stood at around USD 2.11 Billion in FY2021 and is expected to grow at CAGR of 10.53%, by value, to reach USD 3.94 Billion by FY2027. The demand for two wheeler tires in India is growing at a rapid pace, owing to increasing production of two wheelers in India. India is home to numerous global two wheeler leading brands like Hero, Honda, TVS, Yamaha, Piaggio, etc. with their manufacturing and assembly plants spread across the country. India’s two wheeler fleet size is enormous owing to decent employment in service sector and growing middle-income group population. Moreover, with increasing on road traffic people opting for two wheelers in India, and with better penetration of scooters, female riders are also increasing the Asian country. These factors have influenced two wheelers demand in the country and hence, the two wheeler tire sales have registered a robust growth with a CAGR of 4.92% by volume, through FY2017-FY2021. Moreover, with increasing number of tire manufacturers in the country as well as tire repair shops and outlets a similar growth trend is susceptible to be witnessed in the forecast period as well.





The Indian Two Wheeler Tire Market can be segmented based on vehicle type, by demand category, by radial vs bias, by rim size, by tire size, by price segment, by company, by region, by states and by aftermarket rim size. In terms of vehicle type, the market is segmented into motorcycle, scooter, and mopeds. As, motorcycles are being used as the most common source of transportation within the cities of India compared to the other means of transportation, the motorcycle segment holds the dominance in the two wheeler tire market of India. The segment’s dominance can also be attributed to the increasing demand for motorcycles among the youngsters in India. With the constant product launches and innovations in the market and the increasing number of performance motorcycles, the popularity of motorcycles among youngsters is expected to grow even further. The Indian Two Wheeler Tire Market based on price segment is categorized into the ultra budget, budget and premium tires. Majority of Indian population is comprised of working middle class people, where budget plays a major factor when it comes to buying a two wheeler, so majority of two wheeler production giants in the country develop a vehicle keeping the mileage, durability and budget in mind, not the premium and advanced qualities like the performance two wheelers have. Hence, as of FY2021, budget tires constitute a major share in the Indian Two Wheeler Tire Market.

MRF Limited with its strong presence and large dealership and distribution network across the country is leading the Indian Two Wheeler Tire Market in terms of two wheeler tires sold in FY2021. Second to MRF Limited, CEAT Limited led the market share in terms of two wheeler tires sold in FY2021. The two companies have continuously introduced innovative products targeting the budget friendly tires over the years, making them the market leaders in the two wheeler tire market of India. Other players in the Indian Two Wheeler Tire Market include TVS Srichakra Limited, JK Tyres & Industries Limited, Apollo Tyres Limited, Bridgestone India Private Limited, and Michelin Group, among others.

Years considered for this report:

  • Historical Period: FY2017-FY2020
  • Base Year: FY2021
  • Estimated Year: FY2022E
  • Forecast Period: FY2023F-FY2027F

Objective of the Study:

  • To analyze the historical growth in the market size of the Indian Two Wheeler Tire Market, in terms of value as well as volume, from FY2017-FY2021.
  • To estimate and forecast the Indian Two Wheeler Tire Market from FY2022 to FY2027 and growth rate until FY2027.
  • To classify and forecast the Indian Two Wheeler Tire Market based on vehicle type by demand category, by radial vs bias, by rim size, by tire size, by price segment, by region, by states and by company
  • To identify drivers and challenges for the Indian Two Wheeler Tire Market.
  • To examine competitive developments such as business growth opportunities, new product development, mergers and acquisitions, etc., in the Indian Two Wheeler Tire Market.
  • To conduct the pricing analysis for the Indian Two Wheeler Tire Market.
  • To identify and analyze the profile of leading players involved in the manufacturing of the Indian Two Wheeler Tire Market.

The publisher performed primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of two wheeler tire dealers and distributors in India. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher was able to include distributors & manufacturers that could not be identified due to the limitations of secondary research. The publisher analyzed the vehicle types, distribution channel and regional presence of all the tire distributors and dealers across the country.

The publisher calculated the market size for the Indian Two Wheeler Tire Market by using a bottom-up technique, wherein manufacturers’ volume sales data and fleet for different vehicles, were recorded as well as forecast for the future years. The publisher sourced these values from the industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as SIAM, OICA, Economic Intelligence Unit (EIU), company websites, company annual reports, white papers, investor presentations and financial reports were also studied for the Indian Two Wheeler Tire Market.

Key Target Audience:

  • Two-wheeler manufacturing companies
  • Raw material suppliers
  • Dealers/distributors of two wheeler tires
  • Governments and financial institutions
  • Research organizations and consulting companies
  • Research institutes
  • Associations, organizations, forums and alliances related to two wheeler tires
  • Industry associations
  • Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:


In this report, the Indian Two Wheeler Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Two Wheeler Tire Market, By Vehicle Type:

  • Motorcycle
  • Scooter
  • Moped

India Two Wheeler Tire Market, By Demand Category:

  • OEM
  • Replacement

India Two Wheeler Tire Market, By Radial vs Bias:

  • Radial
  • Bias

India Two Wheeler Tire Market, By Rim Size:

  • 15”-19“
  • 10”-12”

India Two Wheeler Tire Market, By Tire Size:

  • 80/100-18,
  • 90/90-12,
  • 2.75x18,
  • 90/100-10,
  • 80/80-17,
  • Others

India Two Wheeler Tire Market, By Price Segment:

  • Budget
  • Premium
  • Ultra Budget

India Two Wheeler Tire Market, By Region:

  • West
  • North
  • South
  • East

India Two Wheeler Tire Market, By States:

  • Maharashtra
  • Haryana
  • Uttarakhand
  • Tamil Nadu
  • Rajasthan
  • Uttar Pradesh
  • Gujarat
  • Karnataka
  • Madhya Pradesh
  • Andhra Pradesh
  • Others

India Two Wheeler Tire Market, By Aftermarket Rim Size:

  • 10”-12”
  • 15”-19”

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Indian Two Wheeler Tire Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.
Frequently Asked Questions about the Indian Two Wheeler Tire Market

What is the estimated value of the Indian Two Wheeler Tire Market?

The Indian Two Wheeler Tire Market was estimated to be valued at $1.7 Billion in 2017.

What is the growth rate of the Indian Two Wheeler Tire Market?

The growth rate of the Indian Two Wheeler Tire Market is 9.1%, with an estimated value of $3.9 Billion by 2027.

What is the forecasted size of the Indian Two Wheeler Tire Market?

The Indian Two Wheeler Tire Market is estimated to be worth $3.9 Billion by 2027.

Who are the key companies in the Indian Two Wheeler Tire Market?

Key companies in the Indian Two Wheeler Tire Market include MRF Limited, CEAT Limited, TVS Srichakra Limited, JK Tyre & Industries Ltd., Apollo Tyres Limited, Bridgestone India Private Limited, Michelin Group, Pirelli & C. S.p.A. and Metro Tyres Limited.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Apollo Tyres Limited
  • CEAT Limited
  • JK Tyre & Industries Ltd.
  • Metro Tyres Limited
  • Michelin Group
  • MRF Limited

1. Product Overview2. Research Methodology3. Executive Summary
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Switching Attributes
4.3. Unaided/Aided Brand Recall
4.4. Brand Satisfaction Level
5. Global Two Wheeler Tire Market Overview6. India Tire Production Overview
7. India Two Wheeler 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 (Motorcycle, Scooter, and Moped)
7.2.2. By Demand Category (OEM vs Replacement)
7.2.3. Radial vs Bias
7.2.4. By Rim Size (2021)
7.2.5. By Tire Size (2021)
7.2.6. By Price Segment (Ultra Budget, Budget, and Premium)
7.2.7. By Company (2021)
7.2.8. By Region
7.2.9. By States (2021)
7.2.10. By Aftermarket Demand Rim Size (2021)
7.3. Product Market Map (By Vehicle Type)
8. India Motorcycle Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Demand Category
8.2.2. By Rim Size
8.2.3. By Tire Size
8.3. India Motorcycle Tire Sizes, By Motorcycle Models
9. India Scooter Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Demand Category
9.2.2. By Rim Size
9.2.3. By Tire Size
9.3. India Scooter Tire Sizes, By Scooter Models
10. India Moped Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Demand Category (OEM vs Replacement)
10.2.2. By Rim Size
10.2.3. By Tire Size
10.3. India Moped Tire Sizes, By Moped Models
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments14. Supply Chain Analysis15. Pricing Analysis16. Policy & Regulatory Landscape17. Impact of COVID-19 on India Two Wheeler Market18. India Economic Profile
19. Competitive Landscape
19.1. MRF Limited
19.2. CEAT Limited
19.3. TVS Srichakra Limited
19.4. JK Tyre & Industries Ltd.
19.5. Apollo Tyres Limited
19.6. Bridgestone India Private Limited
19.7. Michelin Group
19.8. Pirelli & C. S.p.A.
19.9. Maxxis Rubber India Private Limited
19.10. Metro Tyres Limited
19.11. Ralco Tyres Limited
20. Strategic Recommendations21. Prominent Distributors/Dealers22. About the Publisher & Disclaimer

List of Figures

Figure 1: India Two Wheeler Tire Market - Factors Influencing Purchase Decision (N=100)
Figure 2: India Two Wheeler Tire Market - Brand Switching (N=100)
Figure 3: India Two Wheeler Tire Market - Brand Switching Attributes (N=58)
Figure 4: India Two Wheeler Tire Market - Aided Brand Recall (N=100)
Figure 5: India Two Wheeler Tire Market - Unaided Brand Recall (N=100)
Figure 6: India Two Wheeler Tire Market - Brand Satisfaction Level, By Lifetime (N=100)
Figure 7: India Two Wheeler Tire Market - Brand Satisfaction Level, By Traction (N=100)
Figure 8: India Two Wheeler Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=100)
Figure 9: India Two Wheeler Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=100)
Figure 10: India Two Wheeler Tire Market - Brand Satisfaction Level (N=100)
Figure 11: Global Two Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units), CY2015-CY2019
Figure 12: India Tire Production, By Volume (Lakh Units), 2015-2020
Figure 13: India Two/Three-Wheeler Tire Production, By Volume (Lakh Units), 2015-2020
Figure 14: India Two/Three-Wheeler Tire Exports, By Volume (Lakh Units), 2015-2020
Figure 15: Tire Plants of ATMA Members in India
Figure 16: India Two Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F
Figure 17: India Two Wheeler Tire Market Share, By Vehicle Type, By Volume, 2017-2027F
Figure 18: India Two Wheeler Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 19: India Two Wheeler Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 20: India Two Wheeler Tire Market Share, By Rim Size, By Volume, 2021
Figure 21: India Two Wheeler Tire Market Share, By Tire Size, By Volume, 2021
Figure 22: India Two Wheeler Tire Market Share, By Price Segment, By Volume, 2021 & 2027F
Figure 23: India Two Wheeler Tire Market Share, By Company, By Volume, 2021
Figure 24: India Two Wheeler Tire Market Share, By Region, By Volume, 2021 & 2027F
Figure 25: India Two Wheeler Tire Market Share, By State, By Volume, 2021
Figure 26: India Two Wheeler Tire Market Share, By Aftermarket Demand Rim Size, By Volume, 2021
Figure 27: Two Wheeler Tire Market Map on the Basis of Market Size (Units) & Growth Rate (%)
Figure 28: India Motorcycle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F
Figure 29: India Motorcycle Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 30: India Motorcycle Tire Market Share, By Rim Size, By Volume, 2021
Figure 31: India Motorcycle Tire Market Share, By Tire Size, By Volume, 2021
Figure 32: India Scooter Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F
Figure 33: India Scooter Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 34: India Scooter Tire Market Share, By Rim Size, By Volume, 2021
Figure 35: India Scooter Tire Market Share, By Tire Size, By Volume, 2021
Figure 36: India Moped Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F
Figure 37: India Moped Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 38: India Moped Tire Market Share, By Rim Size, By Volume, 2021
Figure 39: India Moped Tire Market Share, By Tire Size, By Volume, 2021
Figure 40: India Two Wheeler Tire Import, By Country, By Value (USD Million) and By Volume (Thousand Units), CY2020
Figure 41: India Two Wheeler Tire Export, By Country, By Value (USD Million) and By Volume (Thousand Units), CY2020
Figure 42: India Two-wheeler Tire Export Units, By Volume (Thousand Units), CY2017-CY2020
Figure 43: India Two-wheeler Tire Export Trade Value, By Value (Million USD), CY2017-CY2020
Figure 44: India Two Wheeler Sales, By Volume (Thousand Units), 2017-2020
Figure 45: India Top Selling Performance Motorcycle Sales, By Volume (Thousand Units), 2019 & 2020
Figure 46: India Two Wheeler Tire Market, Pricing Analysis (USD per unit), 2021-2027F

List of Tables

Table 1: Two Wheeler Tire Production Facilities in India
Table 2: India Motorcycle Tire Sizes, By Motorcycle Models, 2021
Table 3: India Scooter Tire Sizes, By Scooter Models, 2021
Table 4: India Moped Tire Sizes, By Moped Models, 2021
Table 5: India Two Wheeler Tire Import, By Value (USD Million) and By Volume (Million Units), CY2016-CY2020
Table 6: India Two Wheeler Tire Export, By Value (USD Million) and By Volume (Million Units), CY2016-CY2020
Table 7: India Two Wheeler Tire Market - Pricing Analysis, 2021
Table 8: India Import Duties on Two Wheeler Tires, 2021
Table 9: India Import Duties on Natural Rubber, 2021
Note:
In Table of Contents (TOC), List of Figures and Tables year is represented as financial year (i.e., 12-month financial period from 1st April 2020 to 31st March 2021 is represented as 2021)
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • MRF Limited
  • CEAT Limited
  • TVS Srichakra Limited
  • JK Tyre & Industries Ltd.
  • Apollo Tyres Limited
  • Bridgestone India Private Limited
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Maxxis Rubber India Private Limited
  • Metro Tyres Limited
  • Ralco Tyres Limited
Note: Product cover images may vary from those shown