India Two-Wheeler Tire Market, By Tire Type (Pneumatic Tire, Solid/Others (Advanced Tire)); By Tube Specification (Tube Tire, Tubeless Tire); By Rim Size (Less than 10 Inches, 10–13 Inches, 14–17 Inches, 18–21 Inches, More than 21 Inches); By Vehicle Type

India Two-Wheeler Tire Market, By Tire Type (Pneumatic Tire, Solid/Others (Advanced Tire)); By Tube Specification (Tube Tire, Tubeless Tire); By Rim Size (Less than 10 Inches, 10–13 Inches, 14–17 Inches, 18–21 Inches, More than 21 Inches); By Vehicle Type (ICE Motorcycle, ICE Scooter/Moped, Electric Motorcycle, Electric Scooter/Moped); By Sales Channel (OEM, Replacement), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

India Two-Wheeler Tire Market Size More than Doubles to Touch USD 5.1 Billion by 2029
India two-wheeler tire market is flourishing because of an increasing production and sale of two wheelers in India, growing popularity of online shopping, and rise in services and maintenance of two wheelers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimates India two-wheeler tire market size at USD 2.42 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India two-wheeler tire market size to grow at a significant CAGR of 11.6% reaching a value of USD 5.09 billion by 2029. India two-wheeler tire market expansion is driven by high popularity of two wheelers due to their convenience of maneuvering through congested roadways, reduced carbon emissions, better fuel efficiency, and affordability when compared to three or four wheeled vehicles. Rapid urbanization, improved road infrastructure, and an increase in the number of female consumers are all driving demand for two wheelers in India. The e-commerce industry is one of the elements driving the increased demand for two wheelers. Because of the vehicle's endurance, improved tire stability, and ability to carry big baggage, e-commerce companies now utilize two wheelers to distribute merchandise. Even the demand for shared mobility, which is utilized to go to work daily, is one of the causes driving the increase in demand for two wheelers. Additionally, rising environmental consciousness about high vehicular pollution from heavy-duty automobiles is boosting the market's prospects. Aside from that, the increasing prevalence of electric and hybrid two wheelers with reduced carbon emissions is an important growth driver. The growing tourism industry is increasing the demand for two-wheeler rentals, encouraging product demand in the country. Hence, all these factors are expected to fuel the expansion of India two-wheeler tire market during the period in analysis. However, high volatility in raw material prices is anticipated to restrain the market growth.

India Two-Wheeler Tire Market – Overview
Owing to the increasing need for two wheelers in India, two-wheeler tires are becoming increasingly popular. The tires are one of the most important components of any vehicle. As a result, regular monitoring is required to ensure a trouble-free ride every time. The tire industry in India is rapidly increasing, particularly in the northern states, owing to a lack of adequate parking space and worsening traffic congestion in major cities. During the forecast period, Haryana could hold the highest share. Unsatisfactory road transportation infrastructure in rural areas is a major restraining factor for the market expansion. To avoid getting stopped in traffic, people prefer two wheelers than four wheelers. The fast expanding consumer preferences and youth propensity for two wheelers is a major element boosting demand for two wheelers and consequently impacting the two-wheeler tire market. Working professionals can avail easy loans and credit services with large sums of money to buy two wheelers and tires in urban centers.
India Two-Wheeler Tire Market – By Vehicle Type
Based on vehicle type, India two-wheeler tire market is divided into ICE (Internal Combustion Engine) Motorcycle, ICE Scooter/Moped, Electric Motorcycle, and Electric Scooter/Moped segments. The motorcycle segment dominates the market due to its increasing popularity as a mode of transportation. An increasing demand for motorcycles among youth in India. With frequent product introductions and improvements in the market, as well as an increase in the number of performance motorcycles, the popularity of motorcycles among young people is likely to grow even more. The ICE Scooter segment held the second highest market share and is expected to maintain that dominance during the forecast period as well. It is mostly due to their increasing popularity among commuters because to its simplicity of driving and load-carrying capabilities. Furthermore, the growing number of working females who prefer scooters as a convenient form of transportation fuels their demand and boosts two-wheeler tire market growth. The growing tendency toward high-end bikes, particularly among the younger generation, is another significant factor driving the market by dramatically increasing sales of premium tires across the country.
Impact of COVID-19 on India Two-Wheeler Tire Market
COVID-19 adversely affected India two-wheeler and tires market. The COVID-19 pandemic had a major influence on the second quarter, and while wide-ranging limitations were required for health and safety reasons, lockdowns resulted in a steep decline in the demand for two-wheelers and tires. The lockdown measures had a negative impact on sales, as manufacturers were forced to eliminate significant carryover supplies in the distribution system. The supply chains were badly disrupted, resulting in project delays and a massive drop in revenues. However, the India two-wheeler tire market has been recovering strongly since the gradual lifting of restrictions and relaxation of requirements in reopening production units at the end of pandemic severity. The supply chain is back in operation, resulting in increasing sales of two-wheeler tires in the country.
Competitive Landscape
Major players operating in India two-wheeler tire market include MRF Limited, CEAT Ltd., TVS EUROGRIP., JK TYRE & INDUSTRIES LTD, APOLLO TYRES LTD, Bridgestone India Private Ltd., MICHELIN, Pirelli & C. S.p.A., RALCOTYRES, and Birla Tyres. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics India Two-Wheeler Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Two-Wheeler Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. India Two-Wheeler Tire Market, 2029 Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing production of two wheelers in India
3.2.1.2. Consumers are increasingly turning to online shopping,
3.2.1.3. Rise in services and maintenance of two-wheelers
3.2.2. Restraints
3.2.2.1. Volatility in prices of raw material
3.2.3. Opportunities
3.2.3.1. Increasing automation
3.2.3.2. Increasing safety & security concerns
3.2.4. Challenges
3.2.4.1. Decline of motorcycle production and delivery amid COVID-19
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. India Two-Wheeler Tire Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Tire Type
4.2.1.1. Pneumatic Tire
4.2.1.2. Solid/Others (Advanced Tire)
4.2.2. By Tube Specification
4.2.2.1. Tube Tire
4.2.2.2. Tubeless Tire
4.2.3. By Rim Size
4.2.3.1. Less than 10 Inches
4.2.3.2. 10–13 Inches
4.2.3.3. 14–17 Inches
4.2.3.4. 18–21 Inches
4.2.3.5. More than 21 Inches
4.2.4. By Vehicle Type
4.2.4.1. ICE Motorcycle
4.2.4.2. ICE Scooter/Moped
4.2.4.3. Electric Motorcycle
4.2.4.4. Electric Scooter/Moped
4.2.5. By Sales Channel
4.2.5.1. OEM
4.2.5.2. Replacement
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. India Two-Wheeler Tire Company Market Share Analysis, 2021
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on India Two-Wheeler Tire Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
7.1. MRF Limited
7.2. CEAT Ltd.
7.3. TVS EUROGRIP.
7.4. JK TYRE & INDUSTRIES LTD
7.5. APOLLO TYRES LTD
7.6. Bridgestone India Private Ltd.
7.7. MICHELIN
7.8. Pirelli & C. S.p.A.
7.9. RALCOTYRES
7.10. Birla Tyres
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumption & Limitation
List of
Figures
Figure 1 India Two-Wheeler Tire Market Segmentation
Figure 2 India Two-Wheeler Tire Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 India Two-Wheeler Tire Market Size, By Value (USD Million), 2019–2029
Figure 5 India Two-Wheeler Tire Market Share, By Tire Type, By Value, 2019–2029
Figure 6 India Two-Wheeler Tire Market Share, By Tube Specification, By Value, 2019–2029
Figure 7 India Two-Wheeler Tire Market Share, By Rim Size, By Value, 2019–2029
Figure 8 India Two-Wheeler Tire Market Share, By Vehicle Type, By Value, 2019–2029
Figure 9 India Two-Wheeler Tire Market Share, By Sales Channel, By Value, 2019-2030
List of
Tables
Table 1 India Two-Wheeler Tire Market Size, By Tire Type, By Value, 2019–2029
Table 2 India Two-Wheeler Tire Market Size, By Tube Specification, By Value, 2019–2029
Table 3 India Two-Wheeler Tire Market Size, By Rim Size, By Value, 2019–2029
Table 4 India Two-Wheeler Tire Market Size, By Vehicle Type, By Value, 2019–2029
Table 5 India Two-Wheeler Tire Market Size, By Sales Channel, By Value, 2019-2030
Table 6 MRF Limited Company Overview
Table 7 MRF Limited Financial Overview
Table 8 CEAT Ltd. Company Overview
Table 9 CEAT Ltd. Financial Overview
Table 10 TVS EUROGRIP Company Overview
Table 11 TVS EUROGRIP Financial Overview
Table 12 JK TYRE & INDUSTRIES LTD Company Overview
Table 13 JK TYRE & INDUSTRIES LTD Financial Overview
Table 14 APOLLO TYRES LTD Company Overview
Table 15 APOLLO TYRES LTD Financial Overview
Table 16 Bridgestone India Private Ltd. Company Overview
Table 17 Bridgestone India Private Ltd. Financial Overview
Table 18 MICHELIN Company Overview
Table 19 MICHELIN Financial Overview
Table 20 Pirelli & C. S.p.A. Company Overview
Table 21 Pirelli & C. S.p.A. Financial Overview
Table 22 RALCOTYRES Company Overview
Table 23 RALCOTYRES Company Overview
Table 24 Birla Tyres Company Overview
Table 25 Birla Tyres Company Overview

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