“India Tyre Market Size: Industry Analysis, Market Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the India tyre market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
A tyre refers to a thick ring-shaped pneumatically inflated structure manufactured by using synthetic or natural rubber, carbon black, wire, fabric, etc., that is fitted in vehicles and comes in contact with the ground. It consists of a bead filler and bundle, carcass, sidewall, cap piles, edge cover, tread, body ply, inner liner, etc., that is mounted over a wheel rim to act as a cushion. In line with this, these components are generally formed together and help in providing smooth transactions between the wheel and the surface. A tyre enhances the overall performance of the vehicle by absorbing shocks, reducing the impact of vibrations, effectively withstanding the tractive force between the road surface and the car, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
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India Tyre Industry Trends and Drivers:
The expanding automotive industry and the widespread adoption of crossover utility vehicles (CUVs) are primarily driving the India tyre market. Apart from this, the escalating demand for enhanced comfort while driving among individuals and the growing utilization of personal automobiles are also catalyzing the market growth. Moreover, numerous leading manufacturers are investing in R&D activities for developing nitrogen-based and flat-run tires, which is acting as another significant growth-inducing factor. Besides this, the inflating need for heavy-duty vehicles in various industries, including construction, defense, agriculture, etc., and the increasing infrastructural development projects to connect rural and urban locations, are further augmenting the market growth across the country. Additionally, the introduction of advanced techniques in the manufacturing processes and continual technological advancements are projected to fuel the India tyre market in the coming years.
India Tyre Market Segmentation:
The market is segmented in on the basis of type, end use and region.
Type
End use
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the India tyre industry with the leading players profiled in the report.
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