Growing vehicle parc, radialization and SUV sales are boosting domestic demand for tyres in India

1. 2014
TechSci Research
Market Intelligence Experts
India Tyre Market Forecast &
Opportunities, 2019

2. India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 1
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3. India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 2
Table of Contents
1. Executive Summary
2. India Tyre Market Outlook
2.1. Production
2.1.1. By Volume
2.1.2. By Vehicle Type
2.2. Market Size & Forecast
2.2.1. By Value
2.2.2. By Volume
2.3. Market Share & Forecast
2.3.1. By Vehicle Type
2.3.2. By Company
2.3.3. By Region
3. India Replacement Tyre Market Outlook
3.1. Market Size & Forecast
3.1.1. By Value
3.1.2. By Volume
4. India Passenger Car Tyre Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type
4.2.2. By Company
5. India Commercial Vehicle Tyres Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type
5.2.2. By Company
6. India Two-Wheeler Tyre Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume

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6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Company
7. India OTR Tyres Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
8. India Three Wheeler Tyre Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
9. Tyre Trade
9.1. Imports
9.2. Exports
10. Raw Material Analysis
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Market Trends & Developments
14.1. Automobile Sales Scenario
14.2. Retreading Tyres Market
14.3. Investments in Automotive Sector
14.4. Radialization
15. Competitive Landscape
15.1. MRF Limited
15.2. Apollo Tyres Limited
15.3. JK Tyre & Industries Limited.
15.4. CEAT Limited
15.5. Balkrishna Industries Limited
15.6. Goodyear India Limited
15.7. Kesoram Industries Limited

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15.8. TVS Srichakra Limited
15.9. Falcon Tyres Limited
15.10. Govind Rubber Limited
16. Strategic Recommendations
17. Research Methodology
18. Disclaimer

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List of Figures
Figure 1: India Tyre Market Size, By Production, By Volume, 2009-2019F (Million Units)
Figure 2: India Tyre Market Size, By Value, 2009-2013E (USD Billion)
Figure 3: India Tyre Market Size, By Value, 2014F-2019F (USD Billion)
Figure 4: India Tyre Market Size, By Volume, 2009-2013E (Million Units)
Figure 5: India Tyre Market Size, By Volume, 2014F-2018F (Million Units)
Figure 6: India Tyre Market Share, By Vehicle Type, By Volume, 2013E
Figure 7: India Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 8: India Tyre Industry Market Share, By Company, By Value, 2013E
Figure 9: India Tyre Industry Market Share, By Company, By Value, 2019F
Figure 10: India Tyre Market Share, By Region, By Volume, 2013E & 2019F
Figure 11: India Automobile OEM Manufacturing Facilities Location, 2012
Figure 12: India Replacement Tyre Market, Market Size, By Value, 2009-13E (USD Billion)
Figure 13: India Replacement Tyre Market Size, By Value, 2014F-2019F (USD Billion
Figure 14: India Replacement Tyre Market Size, By Volume, 2009-2013E (Million Units)
Figure 15: India Replacement Tyre Market Size, By Volume, 2014F-19F (Million Units)
Figure 16: India Passenger Car Tyre Market , By Value, 2009-2013E (USD Billion)
Figure 17: India Passenger Car Tyre Market , By Value, 2014F-2019F (USD Billion)
Figure 18: India Passenger Car Tyre Market, By Volume, 2009-2013E (Million Units)
Figure 19: India Passenger Car Tyre Market, By Volume, 2014F-2019F (Million Units)
Figure 20: India Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2013E
Figure 21: India Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 22: India Passenger Car Tyre Market Share, By Company, By Volume, 2013E
Figure 23: India Commercial Vehicle Tyre Market Size, By Value, 2009-2013E (USD Billion)
Figure 24: India Commercial Vehicle Tyre Market Size, By Value, 2014F-2019F (USD Billion)
Figure 25: India Commercial Vehicle Tyre Market Size, By Volume, 2009-2013E (Million Units)
Figure 26: India Commercial Vehicle Tyre Market Size, By Volume, 2014F-2019F (Million Units)
Figure 27: India Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2013E
Figure 28: India Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 29: India Commercial Vehicle Tyre Market Share, By Company, By Volume, 2013E
Figure 30: India Two-Wheeler Tyre Market , By Value, 2009-2013E (USD Billion)
Figure 31: India Two-Wheeler Tyre Market , By Value, 2014F-2019F (USD Billion)
Figure 32: India Two-Wheeler Tyre Market, By Volume, 2009-2013E (Million Units)
Figure 33: India Two-Wheeler Tyre Market, By Volume, 2014F-2019F (Million Units)
Figure 34: India Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2013E
Figure 35: India Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 36: India Two Wheeler Tyre Market Share, By Company, By Volume, 2013E
Figure 37: India OTR Tyre Market Size, By Value, 2009-2013E (USD Billion)
Figure 38: India OTR Tyre Market Size, By Value, 2014F-2019F (USD Billion)
Figure 39: India OTR Tyre Market Size, By Volume, 2009-2013E (Million Units)
Figure 40: India OTR Tyre Market Size, By Volume, 2014F-2019F (Million Units)
Figure 41: India OTR Tyre Market Share, By Vehicle Type, By Volume, 2013E
Figure 42: India OTR Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 43: India Three Wheeler Tyre Market Size, By Value, 2009-2013E (USD Million)
Figure 44: India Three Wheeler Tyre Market Size, By Value, 2014F-2019F ( USD Million)
Figure 45: India Three Wheeler Tyre Market Size, By Volume, 2009-2013E (Million Units)
Figure 46: India Three Wheeler Tyre Market Size, By Volume, 2014F-2019F (Million Units)
Figure 47: India Three-Wheeler Market Share, By Company, By Volume, 2013E
Figure 48: India Tyre Import, By Volume, Million Units, 2009-2019F
Figure 49: India Tyre Export, By Volume, 2009-2019F, (Million Units)

7. India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 6
Figure 50: Synthetic Rubber Consumption By Tyre Industry (Metric Tons), 2008-2012
Figure 51: Raw Material Share in Tyre Manufacturing
Figure 52: Raw Material Cost, By Segment, 2012
Figure 53: Natural Rubber Consumption By Tyre Industry (Metric Tons), 2008-2012
Figure 54: India GDP, 2010-2017F (USD Trillion)
Figure 55: India GDP Growth Rate: 2010-2017F (%)
Figure 56: India GDP Per Capita, 2010-2017F (USD)
Figure 57: India GDP Per Capita Growth Rate: 2010-2016F (%)
Figure 58: India GDP Per Capita, 2010-2017F (USD)
Figure 59: India GDP Per Capita PPP Growth Rate: 2010-2017F (%)
Figure 60: India GDP Composition by Sectors: 2010-2016F (%)
Figure 61: India Inflation Rate by Consumer Price Changes, 2010-2017F (%)
Figure 62: India Population, 2010-2017F (Million)
Figure 63: India Population Growth Rate: 2010-2016F (%)
Figure 64: India INR V/S USD Exchange Values: January 1, 2005-2013
Figure 65: India Automobile Sales, By Volume, 2009-2013E (Million Units)
Figure 66: India Automobile Sales, By Volume, 2014F-2019F (Million Units)
Figure 67: India Automobile Tyre Market Sales, By Vehicle Type, By Volume, 2012
Figure 68: India Tyre Retreading Market Size, By Value, 2009-13E, (USD Million)
Figure 69: India Tyre Retreading Market Size, By Value, 2014F-19F, (USD Million)
Figure 70: India Tyre Radialization level, 2007-2012, By Percentage
Figure 71: Apollo Revenue Segmentation , By Customer, Sales, 2012
Figure 72: Apollo Revenue Segmentation , By Geography, By Sales, 2012
Figure 73: Apollo Revenue Segmentation , By Product, Sales, 2012
Figure 74: Falcon Tyres Limited Revenue Market Share, By Segment, By Value, 2012
Figure 75: Govind Rubber Limited Revenue Market Share, By Segment, By Value, 2012

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List of Tables
Table 1: India Tyre Production By Vehicle Type, 2006-2011 (Million Units)
Table 3: India MSME Enterprises, By Fixed Asset, By Output, 2008-12 (USD Billion)
Table 4: India Two-Wheeler Sales , 2007-2012, Units
Table 5: India Three Wheeler Sales Trend, By Volume, (Million Units ), 2007-2012
Table 6: India Tyre Market, Custom Duties , 2012
Table 7: Radial vs. Cross-ply T&B Tyre
Table 8: Company Profile – MRF Limited
Table 9: Company Profile – Apollo Tyres Limited
Table 10: Company Profile – JK Tyre & Industries Limited
Table 11: Company Profile – CEAT Limited
Table 12: Company Profile – Balkrishna Industries Limited
Table 13: Company Profile – Goodyear India Limited
Table 14: Company Profile – Kesoram Industries Limited
Table 15: Company Profile – TVS Srichakra Limited
Table 16: Company Profile – Falcon Tyres Limited
Table 17: Company Profile – Govind Rubber Limited

9. India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 8
India Tyre Market Outlook
India is one of the emerging economies in the world and is one of the largest countries in the
XXXXXX and XXXXXX hemispheres. Consequently, the country also offers one of the biggest
automobile markets in the world. Automobile sector of the country exhibited a CAGR of about
X% during 2009-13. However, the automobile industry witnessed a XXXXXXX in 2013 due to
XXXXX economic growth.
XXXXX availability of finance, XXXXX disposable income levels and XXXXXX government
initiatives are the major supporting factors for the automobile industry in the country. It is
forecast that industry would exhibit a CAGR of about X% during 2014-19, in volume terms,
which would XXXXXX the demand for automobile tyres in the replacement as well as XXXXX
equipment manufacturers (OEMs) market.
The demand for tyres is directly related to the demand for automobiles including two wheelers,
passenger cars, buses, trucks, and other means of transportation. Growth in all of these
segments is highly dependent on the country’s XXXXXX scenario. The consumer market for
tyres in India is one of the XXXXX in the world and offers XXXXX growth potential. The
expansion of the Indian consumer market, XXXXX per capita income, and the XXXXXX in the
supply of vehicle models for the domestic market have all been important factors in attracting
tyre manufacturers and retailers.
There are different categories of tyres available in the market like cars, trucks and buses, pickup
trucks, two wheelers, three wheelers, industrial vehicles, tractors, earthmoving machinery, etc.
In 2013, Indian tyre industry’s turnover reached around USD XXX billion. The sales volume has
also XXXXXX from XXX million units in 2009 to XXX million units in 2013, exhibiting an overall
increase of X%. XXXXX tyres accounted for the maximum market share and contributed around

10. India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 9
X% of the total sales of tyres in 2013. XXXXXX tyres is the second most dominating segment
with a share of about X%, which is followed by commercial vehicle tyres and off-the-road (OTR)
tyres with a shares of X% and X%, respectively. XXXXXX tyre segment holds the last position in
terms of sales volume share and had a market share of about X% in 2013.
XXXXXX is the market leader in Indian tyre market and also is also one of the major players in
most of the tyre segments because of its strong tie ups with XXXXXX. XXXXXXX is the second
largest player with major share in passenger vehicle tyre segment as well as trucks and buses.
The close competitor of XXXXXX is JK tyres, which is the XXXXX largest player, followed by
XXXXXX, XXXXXX and XXXXXXX.
Indian replacement tyre market is one of the XXXXXX in Asia-Pacific and has contributed over
XXX million units in 2013. The replacement tyre market in India is projected to XXXXXX at a
CAGR of about X%, in volume terms, during 2014-19, with the segment projected to cross XXX
million unit sales in 2019.

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Research Methodology
With the top management of more than 20 years’ experience in developed and emerging
markets, TechSci Research methodology tenders an exceptional combination of connoisseur
industry knowledge and in-country local research expertise. TechSci Research moves towards
building market consensus view of size, shape, structure, environment and trends across each
category.
Our dedicated team of industry experts intensively monitored and analyzed various aspects
governing the performance of India tyre market. The team has analyzed the constructive
outlooks of various segments and forecast a positive future of the industry ahead. Taking into
consideration, various government initiatives, private investments, and regulatory involvement,
our team of analysts has provided a prudent analysis of the industry’s performance in future.
This would facilitate our clients in planning their investment decision and explore several growth
opportunities in this field.
For our study, we have gathered information through primary research surveys with vendors,
channel partners and customers, followed by an exhaustive search of credible paid databases
such as LexisNexis, EIU, Hoovers, etc. Out team of experts has then prudently evaluated all the
collected information and personated them in chronological order to depict a meaningful and
clear picture of India tyre market.
It is worth mentioning here that while compiling the data we have also crossed checked all the
collected information from our multiple sources and data warehouses, so that, we can present
the most accurate and precise information of the concerned industry.
In addition, we have also identified and analyzed all emerging trends including the important
drivers and challenges that the industry is confronting. Along with this, we have also identified

13. India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 12
the possible growth areas in terms of government sales in the country. With the coordination of
these factors, we have presented a coherent analysis of the performance of India tyre market in
detail.
We have also presented various forecasts for the industry. The forecasts provided are based on
the sum of our economic and judgmental analysis on the basis of past drivers, challenges and
opportunities prevalent in the industry. Most importantly, while forecasting, we have given due
consideration to the R&D investments, sector demand, and developments which are essential in
determining the prospective growth potentials of the sector. Thus, our report depicts the most
unbiased picture of India tyre market that will prove decisive to our clients.
GLOBALKNOWLEDGE
MARKETSTATISTICS
LOCALKNOWLEDGE
India Tyre Market Forecast &
Opportunities, 2019