MarkNtel Advisors – Leading Market Research Company found India Two-Wheeler Radial Tire Market is expected to reach 6.7% CAGR Growth By 2030.

This report provides a comprehensive analysis of the India Two-Wheeler Radial Tire Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the India Two-Wheeler Radial Tire Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

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Scope of the India Two-Wheeler Radial Tire Market Report:

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. The major factor attributed to the market’s growth is the increased demand for radial tires for replacement purposes in the aftermarket.

Which prominent factor is expected to drive the India Two-Wheeler Radial Tire Market during 2024-30?

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.

What are the different Segment Available in the India Two-Wheeler Radial Tire Market?

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
• South.

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Leading India Two-Wheeler Radial Tire companies operating in the Market

• 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.
• Others.

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