The India Two-Wheeler Radial Tire Market size is estimated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
India Two-Wheeler Radial Tire Market Driver:
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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India Two-Wheeler Radial Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
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- 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)
- Front Tire-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
- OEMs- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Aftermarket- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- By Two-Wheeler Type
- By Region
- North
- East
- West
- South
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – MRF Tyres, Apollo Tyres Ltd., CEAT Ltd., TVS Srichakra Ltd., Michelin India Pvt. Ltd., Pirelli Tires SA, JK Tyres & Industries, Goodyear India Ltd., Continental India Pvt. Ltd., Bridgestone India Pvt. Ltd., and Others looking forward to strengthening their market positions.
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