Overview of India Two-Wheeler Radial Tire Market Size & Future Outlook
According to the latest report by MarkNtel Advisors, the India Two-Wheeler Radial Tire Market size is estimated to grow at a CAGR of around 6.7% from 2024-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.
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What are the key drivers influencing the growth of the India Two-Wheeler Radial Tire market?
This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.
Robust Aftermarket Demand for Replacement Radial Tires – There has been a notable surge in the number of Two-wheelers on Indian roads, which has led to a substantial demand for radial tire replacements due to the effects of wear and tear. This demand has been largely driven by factors such as poor road conditions and excessive path holes, which resulted in extensive wear & tear. In addition, the mileage covered by two-wheelers on Indian roads has been higher as compared to other vehicles, given the extensive use of motorcycles and scooters for daily commuting.
As a result, the need for tire replacement became more frequent in the past, contributing to the improved demand for Two-wheeler radial tires in the aftermarket. Also, as radial tires offer a better riding experience in terms of safety & security, consumers prefer radial tires for replacement purposes over Bias tires.
This changing landscape of consumer preference has promoted vehicle manufacturers like TVS Eurogrip, MRF Tyres, and others to prioritize advanced technologies to cater to the growing audience base. For instance:
- In 2020, TVS Eurogrip’s Two-wheeler tires, with its R&D capabilities and patented innovations launched world-class tires that offered exceptional performance, control, stability, and durability through advanced technologies like Zero-degree steel-belted radials and tri-polymer technology.
Therefore, the launch of world-class two-wheeler tires and the rising demand for two-wheeler tires in the aftermarket enhanced market growth in the historical years. Further, as riders are seeking improved performance and fuel efficiency, they are projected to shift toward the installation of radial tires in their two-wheelers, which would drive the demand for tire replacement in the coming years as well.
How is the India Two-Wheeler Radial Tire market segmented and what are the key factors within each segment?
The India Two-Wheeler Radial Tire market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.
By Two-Wheeler Type
- Moped & Scooter -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Motorcycle -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Tire Size
- Front Tire-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 100/80 R17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 110/70 R17 -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 120/70 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 80/100 R 18- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Others (80/100 R 17, 90/90 R 17, etc.) -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Rear Tire-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 190/55 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 180/55 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 100/90 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 160/60 R 17-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Others (130/70 R 17, 150/60 R 17, etc.) -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Engine Type
- Internal Combustion Engine-Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Electric -Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Price Category
- Budget- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Economy- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Premium- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Sales Channel
- Online- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Direct Sales- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Multi Brand Stores- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Exclusive Outlets- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Demand Type
- OEMs- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Yamaha
- Bajaj
- Husqvarna
- Royal Enfield
- KTM
- Hero
- Suzuki
- Others
- Aftermarket- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Region
- North
- East
- West
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Who are the Key Market Players in the India Two-Wheeler Radial Tire industry?
The competitive landscape of the India Two-Wheeler Radial Tire market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.
Several key players are actively operating in the market, including
- MRF Ltd.
- Apollo Tyres Ltd.
- CEAT Limited
- TVS Srichakra Limited
- Michelin India Pvt. Ltd.
- Pirelli Tyres SA
- JK Tyres & Industries
- Goodyear India Limited
- Continental India Pvt. Ltd.
- Bridgestone India Pvt. Ltd.
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