India Two Wheeler Tire Market By Vehicle Type (Motorcycle, Scooter and Moped), By Demand Category (OEM Vs Replacement), By Radial Vs Bias, By Rim Size (10”-12” and 15”-19”), By Tire Size (80/100-18, 90/90-12, 2.75x18, 90/100-10, 80/80-17, Others), By Price Segment (Budget, Ultra Budget, Premium), By Aftermarket Demand Rim Size (10”-12” and 15”-19”), By Region, By States, Competition, Forecast & Opportunities, FY2027

  • Industry : Automotive
  • Pages : 113
  • Published Date : October, 2021
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Summary

Report Description

India two wheeler tire market stood at around USD 2.11 Billion in FY2021 and is expected to grow at CAGR of 10.53%, by value, to reach USD 3.94 Billion by FY2027. The demand for two wheeler tires in India is growing at a rapid pace, owing to increasing production of two wheelers in India. India is home to numerous global two wheeler leading brands like Hero, Honda, TVS, Yamaha, Piaggio, etc. with their manufacturing and assembly plants spread across the country. India’s two wheeler fleet size is enormous owing to decent employment in service sector and growing middle-income group population. Moreover, with increasing on road traffic people opting for two wheelers in India, and with better penetration of scooters, female riders are also increasing the Asian country. These factors have influenced two wheelers demand in the country and hence, the two wheeler tire sales have registered a robust growth with a CAGR of 4.92% by volume, through FY2017-FY2021. Moreover, with increasing number of tire manufacturers in the country as well as tire repair shops and outlets a similar growth trend is susceptible to be witnessed in the forecast period as well.

India two wheeler tire market can be segmented based on vehicle type, by demand category, by radial vs bias, by rim size, by tire size, by price segment, by company, by region, by states and by aftermarket rim size. In terms of vehicle type, the market is segmented into motorcycle, scooter, and mopeds. As, motorcycles are being used as the most common source of transportation within the cities of India compared to the other means of transportation, the motorcycle segment holds the dominance in the two wheeler tire market of India. The segment’s dominance can also be attributed to the increasing demand for motorcycles among the youngsters in India. With the constant product launches and innovations in the market and the increasing number of performance motorcycles, the popularity of motorcycles among youngsters is expected to grow even further. The India two wheeler tire market based on price segment is categorized into the ultra budget, budget and premium tires. Majority of Indian population is comprised of working middle class people, where budget plays a major factor when it comes to buying a two wheeler, so majority of two wheeler production giants in the country develop a vehicle keeping the mileage, durability and budget in mind, not the premium and advanced qualities like the performance two wheelers have. Hence, as of FY2021, budget tires constitute a major share in the India two wheeler tire market.

MRF Limited with its strong presence and large dealership and distribution network across the country is leading the India two wheeler tire market in terms of two wheeler tires sold in FY2021. Second to MRF Limited, CEAT Limited led the market share in terms of two wheeler tires sold in FY2021. The two companies have continuously introduced innovative products targeting the budget friendly tires over the years, making them the market leaders in the two wheeler tire market of India. Other players in India two wheeler tire market include TVS Srichakra Limited, JK Tyres & Industries Limited, Apollo Tyres Limited, Bridgestone India Private Limited, and Michelin Group, among others.

Years considered for this report:

Historical Period: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022E

Forecast Period: FY2023F-FY2027F

Objective of the Study:

To analyze the historical growth in the market size of India two wheeler tire market, in terms of value as well as volume, from FY2017-FY2021.

To estimate and forecast the India two wheeler tire market from FY2022 to FY2027 and growth rate until FY2027.

To classify and forecast India two wheeler tire market based on vehicle type by demand category, by radial vs bias, by rim size, by tire size, by price segment, by region, by states and by compa

 To identify drivers and challenges for the India two wheeler tire market.

To examine competitive developments such as business growth opportunities, new product development, mergers and acquisitions, etc., in the India two wheeler tire market.

To conduct the pricing analysis for the India two wheeler tire market.

To identify and analyze the profile of leading players involved in the manufacturing of India two wheeler tire market.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of two wheeler tire dealers and distributors in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include distributors & manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analyzed the vehicle types, distribution channel and regional presence of all the tire distributors and dealers across the country.

TechSci Research calculated the market size for India two wheeler tire market using a bottom-up technique, wherein manufacturers’ volume sales data and fleet for different vehicles, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as SIAM, OICA, Economic Intelligence Unit (EIU), company websites, company annual reports, white papers, investor presentations and financial reports were also studied for the India two wheeler tire market by TechSci Research.

Key Target Audience:

·         Two-wheeler manufacturing companies

·         Raw material suppliers

·         Dealers/distributors of two wheeler tires

·         Governments and financial institutions

·         Research organizations and consulting companies

·         Research institutes

·         Associations, organizations, forums and alliances related to two wheeler tires

·         Industry associations

·         Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the India two wheeler tire market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Two Wheeler Tire Market, By Vehicle Type:
    • Motorcycle
    • Scooter
    • Moped
  • India Two Wheeler Tire Market, By Demand Category:
    • OEM
    • Replacement
  • India Two Wheeler Tire Market, By Radial vs Bias:
    • Radial
    • Bias
  • India Two Wheeler Tire Market, By Rim Size:
    • 15”-19“
    • 10”-12”
  • India Two Wheeler Tire Market, By Tire Size:
    • 80/100-18,
    • 90/90-12,
    • 2.75x18,
    • 90/100-10,
    • 80/80-17,
    • Others
  • India Two Wheeler Tire Market, By Price Segment:
    • Budget
    • Premium
    • Ultra Budget
  • India Two Wheeler Tire Market, By Region:
    • West
    • North
    • South
    • East
  • India Two Wheeler Tire Market, By States:
    • Maharashtra
    • Haryana
    • Uttarakhand
    • Tamil Nadu
    • Rajasthan
    • Uttar Pradesh
    • Gujarat
    • Karnataka
    • Madhya Pradesh
    • Andhra Pradesh
    • Others
  • India Two Wheeler Tire Market, By Aftermarket Rim Size:
    • 10”-12”
    • 15”-19”

Company Profiles: Detailed analysis of the major companies present in the India two wheeler tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what, you are looking for, please get in touch with our custom research team at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Brand Switching Attributes

4.3.  Unaided/Aided Brand Recall

4.4.  Brand Satisfaction Level

5.    Global Two Wheeler Tire Market Overview

6.    India Tire Production Overview

7.    India Two Wheeler Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  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 (2021)

7.2.5.     By Tire Size (2021)

7.2.6.     By Price Segment (Ultra Budget, Budget, and Premium)

7.2.7.     By Company (2021)

7.2.8.     By Region

7.2.9.     By States (2021)

7.2.10.  By Aftermarket Demand Rim Size (2021)

7.3.  Product Market Map (By Vehicle Type)

8.    India Motorcycle Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Demand Category

8.2.2.     By Rim Size

8.2.3.     By Tire Size

8.3.  India Motorcycle Tire Sizes, By Motorcycle Models

9.    India Scooter Tire Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Demand Category

9.2.2.     By Rim Size

9.2.3.     By Tire Size

9.3.  India Scooter Tire Sizes, By Scooter Models

10.  India Moped Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Demand Category (OEM vs Replacement)

10.2.2.  By Rim Size

10.2.3.  By Tire Size

10.3.              India Moped Tire Sizes, By Moped Models

11.  Import-Export Analysis

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Supply Chain Analysis

15.  Pricing Analysis

16.  Policy & Regulatory Landscape

17.  Impact of COVID-19 on India Two Wheeler Market

18.  India Economic Profile

19.  Competitive Landscape

19.1. MRF Limited

19.2. CEAT Limited

19.3. TVS Srichakra Limited

19.4. JK Tyre & Industries Ltd.

19.5. Apollo Tyres Limited

19.6. Bridgestone India Private Limited

19.7. Michelin Group

19.8. Pirelli & C. S.p.A.

19.9. Maxxis Rubber India Private Limited

19.10. Metro Tyres Limited

19.11. Ralco Tyres Limited

20.  Strategic Recommendations

21.  Prominent Distributors/Dealers

22.  About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: India Two Wheeler Tire Market - Factors Influencing Purchase Decision (N=100)

Figure 2: India Two Wheeler Tire Market - Brand Switching (N=100)

Figure 3: India Two Wheeler Tire Market - Brand Switching Attributes (N=58)

Figure 4: India Two Wheeler Tire Market - Aided Brand Recall (N=100)

Figure 5: India Two Wheeler Tire Market - Unaided Brand Recall (N=100)

Figure 6: India Two Wheeler Tire Market - Brand Satisfaction Level, By Lifetime (N=100)

Figure 7: India Two Wheeler Tire Market - Brand Satisfaction Level, By Traction (N=100)

Figure 8: India Two Wheeler Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=100)

Figure 9: India Two Wheeler Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=100)

Figure 10: India Two Wheeler Tire Market - Brand Satisfaction Level (N=100)

Figure 11: Global Two Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units), CY2015-CY2019

Figure 12: India Tire Production, By Volume (Lakh Units), 2015-2020

Figure 13: India Two/Three-Wheeler Tire Production, By Volume (Lakh Units), 2015-2020

Figure 14: India Two/Three-Wheeler Tire Exports, By Volume (Lakh Units), 2015-2020

Figure 15: Tire Plants of ATMA Members in India

Figure 16: India Two Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 17: India Two Wheeler Tire Market Share, By Vehicle Type, By Volume, 2017–2027F

Figure 18: India Two Wheeler Tire Market Share, By Demand Category, By Volume, 2017–2027F

Figure 19: India Two Wheeler Tire Market Share, By Tire Construction Type, By Volume, 2017–2027F

Figure 20: India Two Wheeler Tire Market Share, By Rim Size, By Volume, 2021

Figure 21: India Two Wheeler Tire Market Share, By Tire Size, By Volume, 2021

Figure 22: India Two Wheeler Tire Market Share, By Price Segment, By Volume, 2021 & 2027F

Figure 23: India Two Wheeler Tire Market Share, By Company, By Volume, 2021

Figure 24: India Two Wheeler Tire Market Share, By Region, By Volume, 2021 & 2027F

Figure 25: India Two Wheeler Tire Market Share, By State, By Volume, 2021

Figure 26: India Two Wheeler Tire Market Share, By Aftermarket Demand Rim Size, By Volume, 2021

Figure 27: Two Wheeler Tire Market Map on the Basis of Market Size (Units) & Growth Rate (%)

Figure 28: India Motorcycle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 29: India Motorcycle Tire Market Share, By Demand Category, By Volume, 2017–2027F

Figure 30: India Motorcycle Tire Market Share, By Rim Size, By Volume, 2021

Figure 31: India Motorcycle Tire Market Share, By Tire Size, By Volume, 2021

Figure 32: India Scooter Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 33: India Scooter Tire Market Share, By Demand Category, By Volume, 2017–2027F

Figure 34: India Scooter Tire Market Share, By Rim Size, By Volume, 2021

Figure 35: India Scooter Tire Market Share, By Tire Size, By Volume, 2021

Figure 36: India Moped Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 37: India Moped Tire Market Share, By Demand Category, By Volume, 2017–2027F

Figure 38: India Moped Tire Market Share, By Rim Size, By Volume, 2021

Figure 39: India Moped Tire Market Share, By Tire Size, By Volume, 2021

Figure 40: India Two Wheeler Tire Import, By Country, By Value (USD Million) and By Volume (Thousand Units), CY2020

Figure 41: India Two Wheeler Tire Export, By Country, By Value (USD Million) and By Volume (Thousand Units), CY2020

Figure 42: India Two-wheeler Tire Export Units, By Volume (Thousand Units), CY2017-CY2020

Figure 43: India Two-wheeler Tire Export Trade Value, By Value (Million USD), CY2017-CY2020

Figure 44: India Two Wheeler Sales, By Volume (Thousand Units), 2017-2020

Figure 45: India Top Selling Performance Motorcycle Sales, By Volume (Thousand Units), 2019 & 2020

Figure 46: India Two Wheeler Tire Market, Pricing Analysis (USD per unit), 2021-2027F

 

List of Tables

Table 1:      Two Wheeler Tire Production Facilities in India

Table 2:      India Motorcycle Tire Sizes, By Motorcycle Models, 2021

Table 3:      India Scooter Tire Sizes, By Scooter Models, 2021

Table 4:      India Moped Tire Sizes, By Moped Models, 2021

Table 5:      India Two Wheeler Tire Import, By Value (USD Million) and By Volume (Million Units), CY2016-CY2020

Table 6:      India Two Wheeler Tire Export, By Value (USD Million) and By Volume (Million Units), CY2016-CY2020

Table 7:      India Two Wheeler Tire Market - Pricing Analysis, 2021

Table 8:      India Import Duties on Two Wheeler Tires, 2021

Table 9:      India Import Duties on Natural Rubber, 2021

 

Note: In Table of Contents (TOC), List of Figures and Tables year is represented as financial year (i.e., 12-month financial period from 1st April 2020 to 31st March 2021 is represented as 2021)

Frequently asked questions

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The India two wheeler tire market in demand category segment is divided into the OEM and the replacement, with replacement holding the majority of market share of 58.38% in terms of two wheeler tires units sold in FY2021. The rise in market share of replacement tires in the country can be attributed to poor infrastructure of roads still present in India. The growing safety concern, increasing maintenance, growing two wheeler fleet in the country is anticipated to drive the sales of replacement tires in India. As a result, replacement type of the demand category segment is anticipated to register a CAGR of 8.20% in terms of units sold in FY2022E-FY2027F in India two wheeler tire market.

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Since, radial tires are highly used in performance two wheelers, and the sales of performance two wheelers are less compared to the two wheelers in the lower segment of performance, the bias tires are leading the India two wheeler tire market. For example, top selling two wheeler with radial tires was TV Apache in FY2020 with a sale of 3,05,199 compared to the Honda Activa scooter with sales of 18,63,990 in FY2020, which is not equipped with radial tires. Since, radial tires have performance benefits over bias tires, like better control, high durability, better fuel efficiency of vehicle as well as enhanced load carrying capacity, the sales of radial tires is growing faster and is expected to register a CAGR of 15.88% in terms of units sold in the forecast years.

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The India two wheeler tire market stood around 91.86 million units in terms of volume in FY2021. In FY2021, two wheeler tires were mostly sold for motorcycles, with motorcycle holding the majority market share of 64.37% in terms of units sold in India. As, motorcycles are being used as the most common source of transportation within the cities of India compared to the other means of transportation, the motorcycle segment holds the dominance in the two wheeler tire market of India. The segment’s dominance can also be attributed to the increasing demand for motorcycles among the youngsters in India. With the constant product launches and innovations in the market and the increasing number of performance motorcycles, the popularity of motorcycles among youngsters is expected to grow even further.

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MRF Limited with its strong presence and large dealership and distribution network across the country is leading the India two wheeler tire market with a market share of 28.94% in terms of two wheeler tires sold in FY2021. Second to MRF Limited, CEAT Limited holds the market share of 25.68% in terms of two wheeler tires sold in FY2021. The two companies have continuously introduced innovative products targeting the budget friendly tires over the years, making them the market leaders in the two wheeler tire market of India.

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Srishti Verma

Business Consultant
Press Release

India Two Wheeler Tire Market to Register a Growth at 10.53% CAGR by Value through FY2027

Oct, 2021

Growing two wheeler fleet coupled with increase in two wheeler production is expected to aid the growth of India two wheeler tire market through FY2027.

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