Dynamic 6.7% CAGR Charts India Two-Wheeler Radial Tire Market’s Future in 2024-30

Research Reports

Feb 12, 2024


Market Overview: India Two-Wheeler Radial Tire Market

MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on India Two-Wheeler Radial Tire Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

India Two-Wheeler Radial Tire Market Insights 2024-30

The India Two-Wheeler Radial Tire Market is estimated to grow at a CAGR of around 6.7% during the forecast period 2024-30.

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Driving Innovation: Exploring the India Two-Wheeler Radial Tire Market and its Key Drivers
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.

Top Players in the India Two-Wheeler Radial Tire Market:

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

India Two-Wheeler Radial Tire Industry Recent Development:
  • In 2022, Apollo Tyres introduced a Tramplr range of motorcycle tires for 150CC to 500CC range of motorcycles. These tires are equipped with bigger tread blocks and steel radial technology.

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Segmentation Analysis of India Two-Wheeler Radial Tire Market

India Two-Wheeler Radial Tire Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Two-Wheeler Type

-Moped & Scooter

-Motorcycle

By Tire Size

-Front Tire

–100/80 R17

–110/70 R17

–120/70 R 17

–80/100 R 18

–Others (80/100 R 17, 90/90 R 17, etc.)

-Rear Tire

–190/55 R 17

–180/55 R 17

–100/90 R 17

–160/60 R 17

–Others (130/70 R 17, 150/60 R 17, etc.)

By Engine Type

-Internal Combustion Engine

-Electric

By Price Category

-Budget

-Economy

-Premium

By Sales Channel

-Online

-Direct Sales

-Multi Brand Stores

-Exclusive Outlets

By Demand Type

-OEMs

–Yamaha

–Bajaj

–Husqvarna

–Royal Enfield

–KTM

–Hero

–Suzuki

–Others

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A Comprehensive Geographical Analysis:

By Region

-North

-East

-West

-South

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

About Us 

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others. 

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. 

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Tags: India Two-Wheeler Radial Tire Market, India Two-Wheeler Radial Tire Market Analysis, India Two-Wheeler Radial Tire Market Demand, India Two-Wheeler Radial Tire Market Growth, India Two-Wheeler Radial Tire Market Report, India Two-Wheeler Radial Tire Market Share, India Two-Wheeler Radial Tire Market Size See Campaign: https://www.marknteladvisors.com/

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