India Two wheeler Tire Market - Techsci Research

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India Two wheeler Tire Market - Techsci Research

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India Two wheeler Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Rim Size, By Tire Size, Competition Forecast & Opportunities, 2013 – 2023. For more read - – PowerPoint PPT presentation

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Title: India Two wheeler Tire Market - Techsci Research


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I n d i a Two - w h e e l e r T i r e M a r k e
t B y Ve h i c l e Ty p e , B y D e m a n d C a
t e g o r y, B y R a d i a l v s B i a s , B y R
i m S i z e , B y T i r e S i z e , C o m p e t
i t i o n Fo r e c a s t O p p o r t u n i t i
e s , 2013 2023
M a r k e t I n t e l l i g e n c e . C o n s u l
t i n g
Published June 2018
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Analyst View Analyst View Analyst View
4. Voice of Customer Voice of Customer Voice of Customer
4.1. Factors Influencing Purchase Decision Factors Influencing Purchase Decision
4.2. Brand Switching Attributes Brand Switching Attributes
4.3. Unaided/Aided Brand Recall Unaided/Aided Brand Recall
4.4. Brand Satisfaction Level Brand Satisfaction Level
5. Global Two-Wheeler Tire Market Overview Global Two-Wheeler Tire Market Overview Global Two-Wheeler Tire Market Overview
6. India Tire Production Overview India Tire Production Overview India Tire Production Overview
7. India Two-Wheeler Tire Market Outlook India Two-Wheeler Tire Market Outlook India Two-Wheeler Tire Market Outlook
7.1. Market Size Forecast Market Size Forecast
7.1.1. By Value Volume
7.2. Market Share Forecast 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
7.2.5. By Tire Size
7.2.6. By Price Segment (Ultra-Budget, Budget, and Premium)
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents Contents
7.2.7. 7.2.7. By Company
7.2.8. 7.2.8. By Region
7.2.9. 7.2.9. By State
7.3. Market Attractiveness Index (By Vehicle Type) Market Attractiveness Index (By Vehicle Type) Market Attractiveness Index (By Vehicle Type)
8. India Motorcycle Tire Market Outlook India Motorcycle Tire Market Outlook India Motorcycle Tire Market Outlook India Motorcycle Tire Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. 8.1.1. By Value Volume
8.2. Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. 8.2.1. By Demand Category (OEM vs Replacement)
8.2.2. 8.2.2. By Rim Size
8.2.3. 8.2.3. By Tire Size
9. India Scooter Tire Market Outlook India Scooter Tire Market Outlook India Scooter Tire Market Outlook India Scooter Tire Market Outlook
9.1. Market Size Forecast Market Size Forecast Market Size Forecast
9.1.1. 9.1.1. By Value Volume
9.2. Market Share Forecast Market Share Forecast Market Share Forecast
9.2.1. 9.2.1. By Demand Category (OEM vs Replacement)
9.2.2. 9.2.2. By Rim Size
9.2.3. 9.2.3. By Tire Size
10. India Moped Tire Market Outlook India Moped Tire Market Outlook India Moped Tire Market Outlook India Moped Tire Market Outlook
10.1. 10.1. Market Size Forecast Market Size Forecast
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T a b l e o f C o n t e n t s
S. No. Contents Contents Contents
10.1.1. By Value Volume
10.2. Market Share Forecast Market Share Forecast
10.2.1. By Demand Category (OEM vs Replacement)
10.2.2. By Rim Size
10.2.3. By Tire Size
11. Import-Export Analysis Import-Export Analysis Import-Export Analysis
12. Market Dynamics Market Dynamics Market Dynamics
12.1. Drivers Drivers
12.2. Challenges Challenges
13. Market Trends Developments Market Trends Developments Market Trends Developments
14. Supply Chain Analysis Supply Chain Analysis Supply Chain Analysis
15. Pricing Analysis Pricing Analysis Pricing Analysis
16. Policy Regulatory Landscape Policy Regulatory Landscape Policy Regulatory Landscape
17. India Economic Profile India Economic Profile India Economic Profile
18. Competitive Landscape Competitive Landscape Competitive Landscape
18.1. MRF Limited MRF Limited
18.2. CEAT Limited CEAT Limited
18.3. TVS Srichakra Limited TVS Srichakra Limited
18.4. JK Tyre Industries Ltd. JK Tyre Industries Ltd.
18.5. Apollo Tyres Ltd. Apollo Tyres Ltd.
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T a b l e o f C o n t e n t s
S. No. Contents Contents
18.6. Bridgestone Corporation
18.7. Compagnie Générale des Établissements Michelin (CGEM) (EPA ML)
18.8. Pirelli C. S.p.A. (BIT PC)
18.9. Maxxis Rubber India Private Limited
18.10. METRO TYRES LIMITED
19. Strategic Recommendations Strategic Recommendations
20. Prominent Distributors/Dealers Prominent Distributors/Dealers
21. About Us Disclaimer About Us Disclaimer
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P r o d u c t O v e r v i e w
Product Definition
Global tire supplier Michelin defines tire as A
precisely engineered assembly of rubber,
chemicals, fabric, and metal, designed to provide
traction, cushion road shock and carry a load
under varying conditions.
Classification According to Vehicle Type
Vehicle Segment Sub-Segment Customer Segment
Two-wheeler Scooter Individuals
Two-wheeler Motorcycle Individuals
Two-wheeler Moped Individuals
Classification According to Price Segment
Sub-Segment Sub-Segment
Ultra-Budget lt USD 14.93
Budget USD 14.93 USD 29.85
Premium gt USD 29.85
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R e s e a r c h M e t h o d o l o g y
Market Profiling
  • In-depth secondary research was conducted to
    determine top players in the India two-wheeler
    tire market, overall market size and segmental
    market size.

Research Intelligence
Data Collection
Data Filter Analysis
Actionable Insights
Business Solution
Formulating Questionnaire
  • In order to conduct industry experts interviews,
    TechSci formulated a detailed questionnaire.
  • Identifying Key Opinion Leaders
  • Questionnaire Design
  • In-depth Interviews

Developing List of Respondents
A
  • Recent
  • Developments
  • Market Changing Aspects/Dynamics
  • Government Policies
  • Final Conclusion

Primary Research
  • List of industry players and industry specialists
    was developed.

B Desk Research
C Company Analysis
Data Collection
  • TechSci conducted interviews with industry
    experts and industry players for data collection
    and verification.
  • Market Participants
  • Key Strengths

Data Validation
Paid Sources
Secondary Research
Primary Research
  • Data obtained as a result of primary and
    secondary research was validated through
    rigorous triangulation.
  • LinkedIn
  • TechSci Internal Database
  • Factiva
  • Hoovers
  • Company Website
  • Company Annual Reports
  • White Paper Study
  • Financial Reports
  • Investor
  • Presentations
  • Regulatory Body
  • Associations, etc.

Data Analysis
  • The data was scrutinized using MS-Excel and
    statistical tools, such as Time Series Analysis
    etc., to obtain qualitative and quantitative
    insights about the India two-wheeler tire market.

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R e s e a r c h M e t h o d o l o g y
Baseline Methodology For the study, TechSci
Research gathered information through primary
research surveys with leading tire OEMs
operating across the country. We also put through
an exhaustive search of credible paid databases,
such as Business Week, Factiva, Hoovers, etc.,
including our internal database. Our team of
analysts has then prudently evaluated all the
collected information and presented the same in
chronological order to depict a meaningful and
clear picture of the India two-wheeler tire
market. While compiling the data, we have also
cross checked all the collected information from
multiple sources and data warehouses, so as to
present the most accurate and precise information
of the concerned industry.
Primary Research Partial List of companies
Interviewed
Few Sources of Secondary Research
S. No. Company/Dealers Distributor Names
1. MRF
2. CEAT
3. TVS
4. JK Tyre
5. Apollo
6. Michelin
7. Pirelli
8. Bridgestone
9. Maxxis
S. No. Secondary Sources
1. OICA
2. World Bank
3. SIAM
4. ATMA
5. FADA
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R e s e a r c h M e t h o d o l o g y
Tire Production TechSci Research has mapped
production capacities of almost all tire
manufacturing facilities in India, with the help
of a series of primary research surveys of all
the major tire manufacturing companies in the
country, followed by validation through
secondary sources such as company annual reports
and industry associations. TechSci Research has
been successful in identifying the production
capacities of each tire plant as well as their
respective plant locations, establishment dates
and type of tires manufactured.
Vehicle Production, Sales Fleet Size Basic data
points needed for analysis of India two-wheeler
tire market are the historical, current and
forecast figures for vehicle production, sales
and fleet size. Data for vehicle sales and fleet
size has been extracted through various
secondary sources and credible data portals.
TechSci Research has also maintained a database
for vehicle sales and fleet size for
two-wheelers, which is regularly updated through
various primary research surveys and secondary
sources such as automotive associations
government publications.
Tire Demand OEM Tire Sales
OEM tire demand has been calculated by
multiplying the average number of tires per
vehicle to the total number of vehicles
produced. For example, for two-wheeler segment,
the average number of tires is considered to be
two and for passenger cars, the average number
of tires is five.
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R e s e a r c h M e t h o d o l o g y
Replacement Tire Sales Replacement tire demand of
a particular country is directly dependent on the
countrys vehicle fleet size and historical
vehicle sales. Replacement tire demand is
calculated by multiplying vehicle fleet with
replacement tire ratio, which is obtained by
conducting a series of surveys with car owners to
understand the frequency of tire replacement, as
it varies for different countries depending upon
the countrys road conditions, climate, economic
and regulatory policies, etc. The replacement
ratio is expressed as a percentage. For example,
in case of two-wheeler, replacement ratio is
considered to be 100 if two tires are replaced
per vehicle per year. For instance, for
passenger car replacement tire demand calculation
Two-wheeler Fleet Size (Volume) X Replacement Ratio () X No. of Tires Replacement Tire Demand
100,000 X 10 X 2 20,000 Tires
The calculated replacement tire demand data is
further analyzed by TechSci Research through
Delphi technique, i.e. multiple rounds of
telephonic interviews with two-wheeler tire
companies/dealers in India. The information
collected was cross-verified through industry
experts and secondary sources, such as annual
reports and paid databases to generate
meaningful results. Total Tire Market Forecast
OEM Tire Sales Replacement Tire Sales Total Tire Market
Forecast
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For forecasting the numbers, we have used time
series analysis along with regression analysis,
followed by judgmental
analysis.
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India Two-Wheeler Tire Market, Led by MRF, to
Reach 2.7 Billion by 2023
I n d u s t r y B r i e f
According to TechSci Research report, India
Two-wheeler Tire Market By Vehicle Type, By
Demand Category, By Radial vs Bias, By Rim Size,
By Tire Size, Competition Forecast
Opportunities, 2013 2023, the countrys two-
wheeler tire market is forecast to cross 2.7
billion by 2023. In 2016, India surpassed the
worlds largest market for two-wheelers, i.e.,
China, when two-wheeler sales in the country
surpassed 17 million units as compared to Chinas
sales that were marginally short of the 17
million mark. The two-wheeler market in India, in
the following year, slashed all records as it
crossed the mark of 20 million units for the
first time, beating all industry estimates. This
growing sales of two-wheelers in India are
expected to continue during the forecast period
as well, due to which the tire demand for the
two-wheeler vehicles is also anticipated to grow
at a robust pace in the country. The motorcycle
segment dominated India two-wheeler tire market
with over 60 volume share in 2017. However, a
steep rise in the demand for scooters has been
registered in the country due to rising number of
female drivers, consequently fueling tire demand
from the scooter segment as well. With no new
model launches in the moped segment, moped tire
segment maintained subdued growth in 2017 and the
same trend is likely to continue during the
forecast period as well. Continuous business
expansion of prominent two-wheeler tire
manufacturing companies across the country such
as MRF, CEAT, TVS, etc., along with entry of new
players such as JK Tyres, Bridgestone, Michelin
in the two-wheeler tire segment is anticipated to
intensify the competition in India two- wheeler
tire market over the course of the next five
years. For instance, CEAT is ramping up its
production capacity for two-wheeler tires in its
Nagpur plant. MRF CEAT are the most recognized
two-wheeler tire manufacturers across the
country as more than 70 of the respondents
expressed knowledge of these brands as per a
consumer survey conducted by TechSci Research.
MRF grabbed the highest satisfaction level among
customers of two- wheeler tires across the
country. Increasing urbanization, growing female
workforce in rural and semi-urban areas, along
with constantly rising fuel prices are among the
major factors propelling demand for two-wheelers
across the country. Moreover, lack of proper
public transportation is further contributing to
the growth of two-wheeler industry in India,
which is positively influencing the demand
scenario in the countrys two-wheeler tire
market. Furthermore, India two- wheeler tire
market is poised to grow at a brisk pace over the
next five years owing to rising preference of
citizens towards compact and economical source
of transportation i.e. two wheelers. said Mr.
Karan Chechi, Research
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Director with TechSci Research, a research based
India management consulting firm.
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S a m p l e D a t a - S n a p s h o t
Figure 17 India Two-Wheeler Tire Market Share,
By Rim Size, By Volume, 2017
Figure 13 India Two-Wheeler Sales, By Volume
(Million Unit), FY2013 FY2023F
Figure 1 India Two-Wheeler Tire Market -
Factors Influencing Purchase Decision (NX)
Brand Name
FY FY FY FY FY FY FY FY FY FY FY 2013 2014 2015
2016 2017 2018 2019 2020 2021 2022 2023
Warranty
10-12 inch
50.00
Two-Wheeler Sales
Figure 33 India Scooter Tire Market Share, By
Demand Category, By Volume, 2013-2023F
15-19 inch
Price
50.00
Recommendation By Dealer
70.00 70.00 70.00 70.00 70.00 70.00 70.00
70.00 70.00 70.00 70.00
Installation Charges
Figure 36 India Scooter Tire Market Share, By
Rim Size, By Volume, 2017
Figure 8 India Two-Wheeler Tire Market - Brand
Satisfaction Level, By Frequency of Breakdown
(NX)
30.00 30.00 30.00 30.00 30.00 30.00 30.00
30.00 30.00 30.00 30.00
2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F
2022F 2023F Replacement OEM
India Two-Wheeler Tire Index, By Vehicle Type, By
Market Volume,
Figure 23 Attractiveness 2018E-2023F 7.00
50.00
50.00
CEAT
Moped
6.00
MRF
5.00
Scooter
4.00
3.00
TVS
10 inch
12 inch
Motorcycle
2.00
1.00
12
JK Tyre
0.00 0.00
1.00
2.00 3.00 4.00
Source XXXXX
TechSci Research
Note These are dummy figures please purchase
our report for actual data
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Report Name India Two-wheeler Tire Market By
Vehicle Type, By Demand Category, By Radial vs
Bias, By Rim Size, By Tire Size, Competition
Forecast Opportunities, 2023
R e p o r t O r d e r i n g
Report Price
License Type Price License Type Price
Electronic Access - Single User License 2700
CD-ROM Mail Delivery 3200
Hard Copy Mail Delivery 3700
Electronic Access - Multi-User License 6000
To View Sample OR Purchase Report
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A b o u t U s D i s c l a i m e r
About Us TechSci Research is a global market
research and consulting company with offices in
the US, UK and India. TechSci Research provides
market research reports in a number of areas to
organizations. The company uses innovative
business models that focus on improving
productivity, while ensuring creation of
high-quality reports. The proprietary forecasting
models use various analyses of both industry-
specific and macroeconomic variables on a
state-by-state basis to produce a unique
bottom-up model of a country, regional and
global industry prospects. Combined with the
detailed analysis of company activity and
industry trends, the result is a uniquely rich
evaluation of the opportunities available in the
market. Related Reports India Two-Wheeler Tire
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Disclaimer The contents of this report are based
on information generally available to the public
from sources believed to be reliable. No
representation is made that it is timely,
accurate or complete. TechSci Research has taken
due care and caution in compilation of data as
this has been obtained from various sources
including which it considers reliable and first
hand. However, TechSci Research does not
guarantee the accuracy, adequacy or completeness
of any information and it is not responsible for
any errors or omissions or for the results
obtained from the use of such information and
especially states that it has no financial
liability whatsoever to the subscribers / users
of this report. The information herein, together
with all estimates and forecasts, can change
without notice. All the figures provided in this
document are indicative of relative market size
and are strictly for clients internal
consumption. Usage of the same for purpose other
than internal will require prior approval of
TechSci Research.
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