Growing trending Activities Fuel Demand in the India Two-Wheeler Tire Market Forecast 2030

India Two-Wheeler Tire Market Overview:

According to MarkNtel Advisors study the India Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024–30. The market’s growth is driven by increased traffic jams, the expansion of online delivery services, and electric two-wheelers. Cities like Bangalore, Pune, Mumbai, and others are experiencing the worst traffic conditions in India due to the growing urban population. For instance, according to the TomTom Traffic Index in 2023, Bengaluru and Pune found themselves on the list of the ten worst traffic-hit cities globally in 2023. To combat the heavy traffic, most people are inclined toward adopting two-wheelers in these cities, substantially contributing to the overall market growth & expansion. Moreover, a large number of the working population prefers commuting on scooters, primarily to avoid the burgeoning traffic. While the sales of two-wheelers are increasing, it is directly impacting the India Two-Wheeler Tire Industry positively.

Key Findings of the Study: India Two-Wheeler Tire market

India Two-Wheeler Tire Market Challenge:

Presence of Counterfeit & Low-Quality Radial Tires – The India Two-Wheeler Tire Market has been facing a significant challenge due to the presence of counterfeit and low-quality radial tires. These substandard alternatives have been available at a lower price, making them attractive to price-sensitive consumers. The price differential has led consumers to adopt counterfeit radial tires, which has impacted the sales of tires in the market.

In addition, the Indian government has been constantly observed to discover unorganized players producing counterfeit tires of popular brands like CEAT, MRF, etc. Hence, as the number of counterfeit tires has been constantly rising across the nation, the sales of original tires have been negatively affected.

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Scope of the India Two-Wheeler Tire Market Report Segmentation

-By Vehicle Type

Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
Motorcycle- Market Size & Forecast 2019-2030, Thousand Units

-By Demand Type

OEMs- Market Size & Forecast 2019-2030, Thousand Units
Replacement- Market Size & Forecast 2019-2030, Thousand Units

-By Tire Type

Radial- Market Size & Forecast 2019-2030, Thousand Units
Bias- Market Size & Forecast 2019-2030, Thousand Units

-By Price Category

Budget- Market Size & Forecast 2019-2030, Thousand Units
Economy- Market Size & Forecast 2019-2030, Thousand Units
Premium-Market Size & Forecast 2019-2030, Thousand Units

-By Sales Channel

Online- Market Size & Forecast 2019-2030, Thousand Units
Multi Brand Stores – Market Size & Forecast 2019-2030, Thousand Units
Exclusive Outlets – Market Size & Forecast 2019-2030, Thousand Units
Direct Sales- Market Size & Forecast 2019-2030, Thousand Units

-By Tire Size

Tire Size 1 – Market Size & Forecast 2019-2030, Thousand Units
Tire Size 2- Market Size & Forecast 2019-2030, Thousand Units
Tire Size 3- Market Size & Forecast 2019-2030, Thousand Units
Tire Size 4- Market Size & Forecast 2019-2030, Thousand Units
Tire Size 5- Market Size & Forecast 2019-2030, Thousand Units

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Geographical analysis:

-By Region

North
East
West
South

India Two-Wheeler Tire Industry Recent Development:

In 2023: TVS Eurogrip announced its entry into the premium motorcycle tire segment, with the launch of its newest range of motorcycle tires.
In 2022: Apollo introduced EV tires for passenger cars and the two-wheeler market in India.

Current Landscape of India Two-Wheeler Tire Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the India Two-Wheeler Tire market. The research report profiles major players, including

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MRF Ltd.
Apollo Tyres Corporate
CEAT Limited
TVS Srichakra Limited
Michelin
Pirelli Tyre S.p.A
JK Tyres and Industries
Goodyear Tire and Rubber Company
Continental AG
Bridgestone Corporation
Ralco Tyres
Maxxis Tires
Others

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