India's Automotive Tires Market is estimated to be USD 7.04 Bn in 2023 and is expected to reach USD 8.81 Bn by 2028, growing at a CAGR of 4.58%.Japanese tire manufacturer Yokohama Rubber is investing $82m to expand passenger car tire production capacity in India
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The India’s Automotive Tires Market is segmented based on Section Width, Aspect Ratio, Rim Size, Material, Tube, Vehicle Type, and Distribution Channel.- By Section Width, the market is classified into 200 MM, 200-230 MM, and >230 MM.
- By Aspect Ratio, the market is classified into < 60, 60-70, and 70-90.
- By Rim Size, the market is classified into 13”-15”, 16”-18”, 19”-21”, and 21”-26”.
- By Material, the market is classified into Natural Rubber and Synthetic Rubber.
- By Tube, the market is classified into Tubed Tire and Tubeless Tire.
- By Vehicle Type, the market is classified into Heavy Commercial Vehicle, Light Commercial Vehicle and Passenger Vehicle.
- By Distribution Channel, the market is classified into OEM and Aftermarket.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bridgestone Corp., Continental Tire, Dunlop Tires, Goodyear Ltd., JK Tires, Kesoram Industries Ltd., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the India’s Automotive Tires Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the India’s Automotive Tires Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the India’s Automotive Tires Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Domestic Vehicle Sales
4.1.2 Growing Awareness toward Maintenance and Safety
4.1.3 Rising Average Life of Vehicles Increases Tire Replacement
4.2 Restraints
4.2.1 Fluctuating Prices of Raw Material
4.3 Opportunities
4.3.1 Reduce Emissions from Tire Raw Material Production
4.3.2 Improvements in Tire Manufacturing Technology
4.4 Challenges
4.4.1 Limitations of Low-Profile Tires
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 India’s Automotive Tires Market, By Section Width
6.1 Introduction
6.2 200 MM
6.3 200-230 MM
6.4 >230 MM
7 India’s Automotive Tires Market, By Aspect Ratio
7.1 Introduction
7.2 < 60
7.3 60-70
7.4 70-90
8 India’s Automotive Tires Market, By Rim Size
8.1 Introduction
8.2 13”-15”
8.3 16”-18”
8.4 19”-21”
8.5 21”-26”
9 India’s Automotive Tires Market, By Material
9.1 Introduction
9.2 Natural Rubber
9.3 Synthetic Rubber
10 India’s Automotive Tires Market, By Tube
10.1 Introduction
10.2 Tubed Tire
10.3 Tubeless Tire
11 India’s Automotive Tires Market, By Vehicle Type
11.1 Introduction
11.2 Heavy Commercial Vehicle
11.3 Light Commercial Vehicle
11.4 Passenger Vehicle
12 India’s Automotive Tires Market, By Distribution Channel
12.1 Introduction
12.2 OEM
12.3 Aftermarket
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Apollo Tyres
14.2 Balkrishna Industries Ltd.
14.3 Bridgestone Tyres
14.4 CEAT Ltd.
14.5 Continental Tire
14.6 Dunlop Tires
14.7 Goodyear Ltd.
14.8 JK Tyres
14.9 Kesoram Industries Ltd.
14.10 Madras Rubber Factory Tyres
14.11 Cheng Shin Rubber Industry Co.
14.12 Metzeler Tyres
14.13 Michelin Tyres
14.14 MRF
14.15 TVS Srichakra Ltd.
14.16 Uniroyal
15 Appendix
15.1 Questionnaire
Companies Mentioned
- Apollo Tyres
- Balkrishna Industries Ltd.
- Bridgestone Tyres
- CEAT Ltd.
- Continental Tire
- Dunlop Tires
- Goodyear Ltd.
- JK Tyres
- Kesoram Industries Ltd.
- Madras Rubber Factory Tyres
- Cheng Shin Rubber Industry Co.
- Metzeler Tyres
- Michelin Tyres
- MRF
- TVS Srichakra Ltd.
- Uniroyal
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 7.04 Billion |
| Forecasted Market Value ( USD | $ 8.81 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | India |
| No. of Companies Mentioned | 16 |
