India Tire Market Set to Surge to USD 21.27 Billion by 2030, Witnessing a Robust CAGR of 12.17%Posted by Akio Komatsu on December 16th, 2024 ![]() India Tire Market - Forecast 2025-2030The India Tire Market is projected to experience robust growth, driven by an array of factors including increasing vehicle production, economic development, and the rising demand for eco-friendly tire solutions. According to the latest market research report by MarkNtel Advisors, the tire market is anticipated to grow from approximately USD 11.98 billion in 2024 to around USD 21.27 billion by 2030, reflecting a compound annual growth rate (CAGR) of approximately 12.17% during the forecast period spanning from 2025 to 2030. Scope of the ReportThis comprehensive report thoroughly investigates the India Tire Market, presenting detailed analyses on market size and share, growth trends, competitive landscapes, and emerging opportunities. The report encompasses historical data from 2020 to 2023, a comprehensive analysis of key market drivers, challenges, regulatory frameworks, and insights into market dynamics that will shape the industry's future. Request Sample Report or Learn More – https://www.marknteladvisors.com/query/request-sample/india-tire-market-analysis.html Key components of the report include:
Market Drivers
Market SegmentationThe India Tire Market can be segmented based on the following criteria: By Vehicle Type:
Among these segments, two-wheelers are projected to dominate, attributed to their affordability and growing popularity among Indian consumers. Passenger cars will also make a significant contribution to overall market growth. By Tire Type:
Radial tires are expected to capture a substantial market share, largely due to their efficiency, stability, and decreasing rolling resistance, which appeals to a wide consumer base. Key PlayersThe competitive landscape of the India Tire Market features several prominent key players, including:
These players are focused on expanding production capacities, introducing innovative tire technologies, and enhancing features to meet consumer demands effectively. Access the Complete Report for An In-Depth Analysis - https://www.marknteladvisors.com/query/request-sample/india-tire-market-analysis.html Geographic InsightsEast
West
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South
The tire market landscape in India showcases varied growth opportunities across different regions. States experiencing substantial vehicle production and sales, such as Maharashtra, Tamil Nadu, and Delhi, are key to driving market growth. The improved infrastructure and increasing road connectivity contribute significantly to tire demand across urban and rural settings alike. Key Questions
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