India Off Highway Vehicle Tire Market to Grow with a CAGR of 5.52% Through 2030

The India Off-Highway Vehicle Tire Market is experiencing strong growth, driven by demand across construction, agriculture, mining, material handling, and logistics industries.

According to TechSci Research report, “India Off Highway Vehicle Tire Market - By Region, Competition, Forecast & Opportunities, 2020-2030F” The India Off Highway Vehicle Tire market was valued at USD 1.16 Billion in 2024 and is expected to reach USD 1.60 Billion by 2030 with a CAGR of 5.52% during the forecast period.

The India Off-Highway Vehicle Tire Market is driven by the growing demand for efficient material handling equipment, rising adoption of advanced tire technologies, and expanding logistics networks across the country. The increasing focus on automation and smart solutions in the construction and mining industries further propels the market. These factors are driving the market in the forecast period 2025-2030.

The India Off-Highway Vehicle Tire Market is expanding due to the growing demand for agricultural machinery and the ongoing mechanization of farming. As India moves towards more advanced farming practices, the adoption of tractors, harvesters, and other agricultural vehicles is increasing, driving the need for durable tires that can perform well in diverse soil types. With agriculture being a crucial part of the economy, the demand for specialized tires that offer better flotation, traction, and minimal soil compaction is expected to rise significantly. Furthermore, the increasing focus on enhancing productivity through mechanization is encouraging the adoption of larger and more efficient off-highway vehicles, further boosting the tire market.

The rising shift toward electric and hybrid vehicles in the off-highway sector is another key factor. Manufacturers are focusing on developing tires that are optimized for electric machinery, offering lower rolling resistance to improve fuel efficiency and reduce energy consumption. In parallel, the demand for sustainable tire solutions is growing, with innovations in eco-friendly materials and recycling technologies that cater to the need for environmentally responsible practices.

Additionally, the growth of logistics and warehousing industries is playing a crucial role in the expansion of the tire market. The surge in e-commerce and distribution networks has increased the demand for material handling equipment like forklifts and reach trucks, all of which require specialized tires. As logistics infrastructure continues to develop, the need for high-performance tires for these vehicles is expected to grow, driving the market forward. 

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The India Off Highway Vehicle Tire Market is segmented into vehicle type, tire type, demand category, and regions.

The India Off-Highway Vehicle Tire Market is segmented by demand category into OEM (Original Equipment Manufacturer) and replacement tires. OEM tires are supplied with new vehicles directly from manufacturers, providing the initial set of tires for machinery such as construction vehicles, agricultural equipment, and mining vehicles. These tires are designed to match the specific requirements of the vehicle in terms of durability, load-bearing capacity, and terrain compatibility. As the demand for new off-highway vehicles increases, particularly in industries like construction, agriculture, and mining, the OEM segment experiences steady growth.

The replacement tire segment includes tires purchased as replacements for worn-out or damaged tires, offering a consistent source of demand in the market. As off-highway vehicles are used extensively in harsh environments, replacement tires are needed regularly to maintain vehicle performance and safety. This segment is driven by the longevity of tires and the continuous operation of off-highway vehicles in sectors such as agriculture, mining, and material handling. As more vehicles operate over extended periods, the replacement tire market sees sustained demand, with vehicle owners seeking high-quality and cost-effective options to replace their tires.

The fastest-growing segment in the India Off-Highway Vehicle Tire Market is in the West region. Factors such as the rapid expansion of logistics and e-commerce networks have contributed significantly to the demand for material handling equipment like forklifts and reach trucks. These vehicles require specialized tires that provide durability and efficiency in high-load and high-traffic environments, such as warehouses and distribution centers. In addition to logistics, agriculture remains a key driver in the West, where the mechanization of farming activities continues to rise, increasing the need for robust agricultural vehicle tires. The manufacturing sector in the West is also growing, with demand for industrial machinery requiring durable tires for efficient operation in factories and production plants. This combination of logistics, agriculture, and manufacturing growth makes the West a rapidly expanding region in the off-highway vehicle tire market.

Major market players operating in the India Off Highway Vehicle Tire market are:

• Apollo Tyres Limited
• Balkrishna Industries Limited
• Bridgestone Corporation
• CEAT Limited
• Continental AG
• JK Tyre & Industries Limited 
• Michelin
• MRF Limited  
• The Goodyear Tire & Rubber Company
• Pirelli & C. S.p.A.

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"As India continues to grow with more construction, farming, and mining projects, we’re seeing a big jump in the need for tough and reliable off-highway vehicle tires. With all the new roads, buildings, and farms being developed, industries need machines that can handle the toughest conditions. Whether it’s for brand new equipment or replacing old tires, the demand is picking up fast. It’s exciting to see how technology is improving tires and how this market will keep evolving in the coming years", said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“India Off Highway Vehicle Tire Market By Vehicle Type (Construction Equipment, Agricultural Vehicles, Mining Vehicles, Material Handling Equipment, Others), By Tire Type (Radial, Bias), By Demand Category (OEM, Replacement), By Region, Competition, Forecast & Opportunities, 2020- 2030F", evaluates the future growth potential of India Off Highway Vehicle Tire market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Off Highway Vehicle Tire market.

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