India Tire Market Research Report: Forecast (2022-27)

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India Tire Market Research Report Forecast
(2022-27)
The India Tire Market is expected to grow at a
CAGR of around 6.6 during the forecast period,
i.e., 2022-27
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Market Insights

• The India Tire Market is expected to grow at a
  CAGR of around 6.6 during the forecast period,
  i.e., 2022-27. The estimated growth of the market
  owes primarily to the superior aftermarket sales,
  enhanced road conditions, increasing disposable
  income of people, and their persisted preference
  for private ownership of vehicles, i.e.,
  demonstrating a large fleet of passenger cars in
  India and burgeoning sales of tires.
• India is the largest market for two-wheelers and
  is lucrative for commercial vehicles. The leading
  tire manufacturers in the country are expanding
  their production while introducing new features
  in tires to cater to the increasing consumer
  requirements.

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India Tire Market Leading key players

• MRF, Apollo, CEAT, JK Tyres, Birla Tyres,
  Balakrishna Tires, Bridgestone, TVS, Continental,
  Goodyear

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India Tire Market Segmentation Analysis

• By Type of Vehicles (Passenger Car, Light
  Commercial Vehicle, Buses and Trucks, Medium and
  Heavy Commercial Vehicles, Off the Road (OTR),
  Two Wheelers, Three Wheeler),
• By Demand Category (OEM and Replacement),
• By Type of Tires (Radial and Bias),
• By Sales Channel (Dealer/Distributor, Online and
  Others),
• By Season (all season, winter and Summer),
• By Price Category (Low (Up to USD90), Medium
  (USD91-USD140, High (Above USD140)),
• By Rim Diameter (Upto 12, 12.1 to 15, 15.1.
  to 18, 18.1 to 20, 20.1 to 22.5, 22.6 to
  26, 26.1 to 35, 35.1 to 47, Above 47),
• By Region (North, south, West and East)

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Major Target Areas
Low Focus Geographies

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