Forecast Period | 2026-2030 |
Market Size
(2024) | USD 2.84
Billion |
CAGR (2025-2030) | 11.40% |
Fastest Growing
Segment | Scooter/Moped |
Largest Market | North India |
Market Size (2030) | USD 5.42
Billion |
Market
Overview
The India Two-Wheeler Tires Market was
valued at USD 2.84 Billion in 2024 and is expected to reach USD 5.42 Billion by
2030 with a CAGR of 11.40% during the forecast period. The Indian two-wheeler
tires market is experiencing significant growth, fueled by a rapid increase in
the number of two-wheeler vehicles on the road, as well as the rising
disposable income of consumers. Motorcycles and scooters remain a popular mode
of transportation due to their affordability, fuel efficiency, and suitability
for congested urban environments. This trend is expected to continue, pushing
the demand for high-quality tires. As more individuals in rural and semi-urban
areas embrace two-wheelers for daily commutes and leisure, the market for
replacement tires and upgrades also grows. Tire manufacturers are focusing on
creating products that offer better performance, fuel efficiency, and longer
life, catering to the expanding demand.
Several factors are driving the
growth of the two-wheeler tires market in India. The growing preference for
electric vehicles (EVs), including electric scooters, is reshaping tire demand,
as these vehicles require specialized tires that can handle different
performance requirements. Furthermore, the expansion of delivery and logistics
services, particularly in e-commerce, has led to a surge in the use of
two-wheelers for business purposes. This has increased the need for durable and
high-performance tires to withstand the demands of frequent usage and varying
road conditions. Consumer awareness about the importance of tire quality,
safety, and maintenance is also encouraging tire replacements more frequently,
contributing to market growth.
The market faces several
challenges, including the high cost of raw materials like rubber, which can
affect pricing and profitability for tire manufacturers. Additionally, there is
stiff competition from both domestic and international players, leading to
price wars and margin pressures. The demand for advanced, eco-friendly tires
presents another challenge, as manufacturers need to invest in research and
development to produce sustainable products without compromising on
performance. Despite these challenges, opportunities for growth remain
abundant, especially with the increasing demand for technologically advanced
tires, such as tubeless tires, that offer better performance, fuel efficiency,
and safety. Manufacturers who can adapt to shifting consumer preferences and
emerging trends will continue to thrive in the competitive landscape. These
factors are driving the market in the forecast period 2025-2030.
Market
Drivers
Growth in Two-Wheeler Sales
The demand for two-wheelers in
India has surged in recent years, driven by their affordability and
convenience. With a significant number of young, working professionals and
rural populations opting for motorcycles and scooters, the market has expanded
substantially. The two-wheeler segment continues to be a major contributor to
the automotive industry. As more people prioritize fuel efficiency and low
maintenance, these vehicles become the preferred mode of transport, directly
influencing the demand for tires. The continuous rise in vehicle ownership, supported
by increased disposable income and changing lifestyles, boosts the tire market
as well. This trend reflects a steady growth trajectory for the industry,
especially as the country’s infrastructure develops, leading to smoother roads
that encourage more two-wheeler usage.
Demand for Fuel-Efficient Tires
As fuel prices rise, consumers
are seeking ways to reduce their overall transportation costs. One of the keyways
to achieve this is through the use of fuel-efficient tires, which improve the
fuel economy of two-wheelers. These tires are designed to reduce rolling
resistance, which in turn reduces fuel consumption. With growing awareness of
environmental issues and the rising cost of living, consumers are more inclined
to invest in tires that help reduce their carbon footprint while also saving on
fuel. This demand for fuel-efficient products has motivated manufacturers to
innovate and improve their tire technology, driving the growth of the market.
Technological Advancements in
Tires
The tire industry in India is
witnessing significant technological innovations, focusing on improving
performance, durability, and safety. The introduction of features like tubeless
tires, radial tires, and tires with improved tread patterns has captured the
market's attention. These technological advancements enhance the performance of
two-wheelers, especially for users who face varied road conditions, from
highways to rough urban streets. Furthermore, the development of specialized
tires for electric two-wheelers, which require different performance
characteristics, has opened up a new avenue of growth. Tires with advanced
tread designs offer better grip and stability, ensuring safer rides,
particularly on wet or slippery roads. As technology continues to evolve, it
provides a competitive edge for manufacturers that can introduce cutting-edge
products.
Shift Toward Electric
Two-Wheelers
The growing interest in electric
vehicles (EVs), especially electric scooters and bikes, is influencing the
demand for specialized tires. Electric two-wheelers have unique requirements in
terms of tire performance, especially with factors like torque, battery weight,
and speed. As EV adoption increases, manufacturers are adjusting their tire
designs to meet the specific needs of electric vehicles. This shift presents a
significant opportunity in the tire market as the demand for EV-specific tires
grows. Consumers opting for electric two-wheelers tend to look for products
that promise lower maintenance costs and higher efficiency, prompting tire
companies to innovate in ways that align with these preferences.
Expanding E-commerce and
Delivery Services
The rise of e-commerce and the
expansion of delivery services have led to an increase in the number of
two-wheelers used for commercial purposes. Delivery personnel, especially in
urban areas, rely on motorcycles and scooters to deliver goods, which results
in a higher demand for durable tires. These vehicles endure more wear and tear
due to constant use, making the need for high-performance, long-lasting tires
crucial. As the delivery ecosystem continues to evolve, it opens up new
opportunities for tire manufacturers to provide specialized products that cater
to this growing sector. The convenience of quick and reliable delivery services
has transformed the way consumers shop, which in turn drives the need for more
robust two-wheeler tires.
Key Market Challenges
High Raw Material Costs
One of the biggest challenges
for the two-wheeler tires market in India is the fluctuating cost of raw
materials, such as rubber and steel. Rubber, the primary material for tire
manufacturing, is subject to price volatility, often influenced by factors like
weather conditions, supply chain disruptions, and global demand. This
instability in material costs puts pressure on manufacturers, who face
difficulties in maintaining profit margins without raising prices. As the cost
of raw materials increases, tire manufacturers have to balance the need to keep
tires affordable for consumers while maintaining product quality. Rising input
costs can also discourage investment in research and development for new
products or technologies.
Intense Market Competition
The Indian two-wheeler tire
market is highly competitive, with both domestic and international players
vying for market share. This intense competition leads to price wars, with
brands constantly undercutting each other to offer the most affordable products.
While this benefits consumers in terms of price, it places a significant strain
on manufacturers’ profit margins. In addition to pricing pressure, tire
companies must continuously innovate and offer superior products to
differentiate themselves. The race to offer the best value for money, coupled
with a growing number of brands entering the market, intensifies the challenge
for established players to maintain a leading position.
Rising Environmental Concerns
As the world focuses more on
sustainability, the tire industry is also facing pressure to reduce its
environmental impact. Consumers and governments are demanding products that are
more eco-friendly, encouraging manufacturers to explore alternatives to traditional
tire materials. The disposal of used tires is another environmental challenge,
as tires are difficult to recycle and often contribute to landfill waste.
Manufacturers are being pushed to develop recyclable and biodegradable tire
solutions, which can be costly and require significant research. As the demand
for greener products increases, tire companies must adapt to meet these
expectations without compromising on performance or safety, presenting both
challenges and opportunities for innovation.
Adoption of Advanced Tire
Technologies
Despite the growing demand for
new tire technologies, the cost of developing and integrating advanced
technologies remains a challenge. Tires with advanced features like
self-healing, better tread life, or enhanced grip require substantial
investments in R&D and production capabilities. Moreover, the
implementation of these technologies is a complex process, as manufacturers
must ensure that these innovations can be integrated into their existing
product lines. This high upfront investment can be a deterrent for smaller or
less financially stable companies. While the long-term benefits of advanced
tire technologies are clear, the challenge lies in balancing cost with
innovation, especially for companies that cannot afford heavy R&D
investments.
Regulatory and Safety Standards
The Indian tire industry faces
the challenge of adhering to the increasingly stringent safety and regulatory
standards set by the government. These regulations govern aspects like tire
quality, material usage, performance, and safety. Complying with these
standards requires constant updates to manufacturing processes, testing
procedures, and materials used in tires. For smaller manufacturers, keeping up
with these regulations can be an expensive and time-consuming endeavor.
Furthermore, non-compliance can lead to legal issues and damage to brand
reputation. As regulations continue to evolve, the challenge for tire
manufacturers is to stay ahead of compliance requirements while ensuring their
products meet consumer expectations.
Key Market Trends
Focus on Lightweight Tires
One of the emerging trends in the
two-wheeler tire market is the development of lightweight tires. As two-wheeler
manufacturers continue to improve the efficiency and performance of their
vehicles, the need for lightweight, high-performance tires has increased.
Lightweight tires reduce the overall weight of the vehicle, which in turn
improves fuel efficiency, handling, and performance. These tires are
particularly popular in electric two-wheelers, where weight reduction plays a
critical role in enhancing battery performance and extending the range of the
vehicle. This trend is expected to grow as consumers demand products that offer
a balance of performance, efficiency, and durability.
Increasing Use of Radial Tires
Radial tires have gained
significant popularity in India due to their superior performance, durability,
and comfort. These tires offer better handling and a smoother ride, making them
a preferred choice for many two-wheeler users. Radial construction helps
distribute the load more evenly, reducing tire wear and improving fuel
efficiency. As more consumers become aware of the advantages of radial tires,
their adoption is expected to grow, especially for high-performance motorcycles
and scooters. The trend towards radial tires is also supported by advancements
in tire manufacturing technology, which enables the production of radial tires
at competitive prices.
Smart Tires and Digital Integration
The trend of integrating digital
technologies into tires is gaining momentum in the two-wheeler market. Smart
tires equipped with sensors can provide real-time data on tire pressure,
temperature, wear, and overall performance. This technology allows riders to
monitor tire conditions through smartphone apps, improving safety and
convenience. Smart tires help prevent issues such as under-inflation or
overloading, which can lead to accidents. As consumers demand more safety
features and connectivity in their vehicles, the market for smart tires is
likely to expand. Tire manufacturers are exploring ways to incorporate this
technology into their product offerings to stay competitive in an increasingly
tech-driven market.
Sustainability and Eco-Friendly Tires
Sustainability is becoming a
significant trend in the tire industry, driven by both consumer demand and
regulatory pressure. Manufacturers are focusing on developing eco-friendly
tires made from renewable materials, such as sustainable rubber and biodegradable
compounds. These tires are designed to have a lower environmental impact
throughout their lifecycle, from production to disposal. As consumers become
more environmentally conscious, they are looking for products that align with
their values, pushing tire manufacturers to adopt greener practices. The shift
towards sustainable tires is not only a response to consumer demand but also a
way for manufacturers to comply with stricter environmental regulations and
enhance their brand reputation.
Customization and Performance-Oriented Tires
As the two-wheeler market becomes more
diverse, there is a growing trend toward customization. Riders are increasingly
seeking tires that offer specific performance characteristics, such as better
grip, improved handling, or enhanced off-road capabilities. This trend is
especially evident in the growing popularity of premium motorcycles and
adventure bikes, which require tires designed for specific performance needs.
Tire manufacturers are responding by offering a broader range of tires that
cater to different riding styles and conditions. Customization in terms of
design and performance allows consumers to tailor their riding experience,
making this trend a key driver in the market.
Segmental Insights
Vehicle Type Insights
The Indian
two-wheeler tires market is segmented by vehicle type into motorcycles and
scooters/mopeds, with each segment catering to distinct consumer needs and
preferences. Motorcycles, commonly used for both commuting and recreational
purposes, require tires that offer durability, performance, and safety. These
vehicles often face varied road conditions, from highways to rough urban
streets, prompting the need for tires designed for stability, grip, and longer
life. Motorcycle tires are engineered to withstand higher speeds, heavier
loads, and more rigorous usage, which makes them a crucial element in ensuring
the safety and efficiency of the vehicle. Consumers in this segment tend to
prioritize performance features such as tread patterns, handling, and braking
performance, especially for motorcycles used for long-distance travel or
off-road conditions.
Scooters
and mopeds, on the other hand, cater primarily to urban commuters looking for
convenience, fuel efficiency, and affordability. These vehicles are ideal for
short-distance travel and are favored for their ease of maneuverability in
congested city traffic. Tires for scooters and mopeds are generally designed
for lighter loads, lower speeds, and enhanced fuel efficiency. In many cases,
tires for these vehicles focus on providing a comfortable and smooth ride, as
well as excellent grip on both paved and uneven surfaces. Given the high volume
of short trips taken by users, tire durability and wear resistance are also
critical factors.
The demand
for tires in these two segments reflects differing usage patterns and consumer
priorities. While motorcycle tire development focuses on performance and road
handling in a variety of conditions, scooter and moped tire design emphasizes
comfort, fuel efficiency, and affordability. As the demand for both types of
vehicles continues to grow, manufacturers are increasingly focusing on offering
specialized products that cater to the unique requirements of each vehicle
type. The tire market for both motorcycles and scooters/mopeds continues to
evolve, driven by consumer preferences for better performance, safety, and
value.
Regional
Insights
The Northern region of India dominated the two-wheeler tire market in 2024, driven by the region's large population, rapid urbanization, and increasing demand for affordable and efficient transportation. Key states such as Uttar Pradesh, Punjab, Haryana, and Delhi are at the forefront of this growth. The preference for motorcycles and scooters in these areas is largely fueled by the need for cost-effective and convenient mobility, especially in densely populated cities and towns where traffic congestion is a common issue. Two-wheelers serve as an ideal solution for quick commutes and efficient navigation through crowded urban streets.
Uttar Pradesh, with its vast population and a mix of urban and rural areas, stands as a critical contributor to the Northern region's tire market. The rising disposable incomes in the state, along with the growing trend of owning motorcycles for daily commuting, contribute significantly to the demand for two-wheeler tires. The increasing number of small businesses and local delivery services in both urban and rural parts of the state further propels the need for durable and reliable tires. The demand for two-wheeler tires in the region remains high, driven by the frequent replacement needs due to the intensive use of vehicles.
Delhi, the national capital, also plays a pivotal role in the market, with the city’s high population density and rapid urban growth. The demand for two-wheelers is driven by the city's need for flexible and fast transportation options. In addition, the government's initiatives to promote electric vehicles (EVs) in Delhi have created new opportunities for tire manufacturers, as electric two-wheelers require specialized tires for better performance and durability. The Northern region’s dominance is further enhanced by the growing adoption of electric two-wheelers, adding to the overall tire market’s expansion.
Rural areas in the North also contribute to the market's growth, as motorcycles and scooters are essential for transportation in these regions. With increasing rural incomes and greater access to financing, demand for two-wheeler tires is expected to rise steadily. The presence of a wide distribution network and easy access to tire retailers ensures that the Northern region will maintain its dominance in the two-wheeler tire market through 2024 and beyond.
Recent
Developments
- In July 2023, MRF launched a new
range of Steel Brace Radial Tyres designed specifically for high-end
motorcycles. These tires were introduced to enhance the performance and safety
of premium bikes, ensuring better grip, stability, and comfort for riders. The
Steel Brace Radial Tyres featured advanced technology, providing improved
control and handling on both wet and dry surfaces. With a focus on durability
and high performance, these tires were aimed at meeting the needs of motorcycle
enthusiasts who prioritize quality and safety in their riding experience. MRF’s
innovative approach reflected their commitment to offering cutting-edge
products for the growing premium motorcycle segment.
- In October 2024, MRF introduced
its premium tire and wheel care service in Mumbai, bringing Asia's finest tire
maintenance solutions to the city. This service was designed to provide
high-quality tire care, including balancing, alignment, and repair, ensuring
enhanced performance and safety for vehicles. With this launch, MRF aimed to
offer comprehensive support to customers, extending the lifespan of their tires
while improving overall driving comfort. The service utilized advanced
technology and expertise, catering to both regular vehicles and
high-performance cars. This expansion marked a significant step in MRF's
commitment to providing exceptional tire-related services across major cities
in India.
- In Jun 2023, Apollo Tyres opened
its first Vredestein store in India, marking a significant milestone in the
company’s expansion. The store was designed to offer premium tire solutions,
showcasing Vredestein’s high-performance range. Located in Mumbai, the store
aimed to provide customers with a personalized tire-buying experience, offering
expert advice, tire fitting, and additional services. The launch reflected
Apollo Tyres' commitment to expanding its presence in the premium tire market
and catering to the growing demand for high-quality, reliable tires in India.
The Vredestein brand is known for its superior performance, and this new store
aimed to strengthen its position in the country.
Key
Market Players
- MRF Limited
- CEAT Limited
- TVS Srichakra Limited
- JK Tyre & Industries Ltd.
- Apollo Tyres Limited
- Bridgestone India Private Limited
- Michelin Group
- Pirelli & C. S.p.A.
- Ralco Tyres Limited
- Maxxis Rubber India Private Limited
|
By Vehicle Type
|
By Propulsion Type
|
By Demand Category
|
By Region
|
|
|
·
Motorcycle
·
Scooter/Moped
|
·
ICE
·
BEV
|
·
OEM
·
Replacement
|
·
North India
·
West India
·
South India
·
East India
|
|
Report
Scope:
In this
report, the India Two-Wheeler Tires Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
India Two-Wheeler Tires Market, By Vehicle Type:
o
Motorcycle
o
Scooter/Moped
·
India Two-Wheeler Tires Market, By Propulsion
Type:
o
ICE
o
BEV
·
India Two-Wheeler Tires Market, By Demand Category:
o
OEM
o
Replacement
·
India Two-Wheeler Tires Market, By Region:
o
North India
o
West India
o
South India
o
East India
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies presents in the India Two-Wheeler Tires Market.
Available
Customizations:
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Two-Wheeler Tires Market report 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:
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Information
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market players (up to five).
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Two-Wheeler Tires Market is an upcoming report to be released soon. If you wish
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