Report Update Nov 1, 2024

India - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

India: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in India

After five years of growth, the Indian passenger car tyre market decreased by -7.1% to $X in 2021. In general, consumption, however, saw a resilient expansion. Passenger car tyre consumption peaked at $X in 2020, and then dropped in the following year.

Passenger Car Tyre Production in India

In value terms, passenger car tyre production reduced to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by 101%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Passenger Car Tyre Exports

Exports from India

In 2021, overseas shipments of tyres for motor cars were finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units), Brazil (X units) and Nepal (X units) were the main destinations of passenger car tyre exports from India, together accounting for 38% of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +21.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from India were the Netherlands ($X), Brazil ($X) and Nepal ($X), together comprising 33% of total exports.

Among the main countries of destination, Brazil, with a CAGR of +25.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, dropping by -6.4% against the previous year. Overall, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car tyre export price increased by +5.5% against 2017 indices. The growth pace was the most rapid in 2015 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into India

In 2021, overseas purchases of tyres for motor cars decreased by -18.5% to X units, falling for the second year in a row after four years of growth. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 7.2%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, passenger car tyre imports soared to $X in 2021. In general, imports continue to indicate a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), China (X units) and the UK (X units) were the main suppliers of passenger car tyre imports to India, together accounting for 75% of total imports. Germany, Indonesia, the Philippines, Romania, Japan and South Korea lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +26.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) constituted the largest supplier of tyres for motor cars to India, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.8% per year) and Germany (-0.5% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, jumping by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for motor cars in the world?

China constituted the country with the largest volume of passenger car tyre consumption, comprising approx. 24% of total volume. Moreover, passenger car tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of tyres for motor cars in the world?

China remains the largest passenger car tyre producing country worldwide, comprising approx. 30% of total volume. Moreover, passenger car tyre production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the leading suppliers of tyres for motor cars to India?

In value terms, the largest passenger car tyre suppliers to India were Thailand, China and Vietnam, together accounting for 74% of total imports.

What are the leading importers of tyres for motor cars from India?

In value terms, the largest markets for passenger car tyre exported from India were the Netherlands, Nepal and Brazil, together comprising 38% of total exports. These countries were followed by the United States, the United Arab Emirates, Mexico, Italy, Egypt, Bhutan, South Africa, the Philippines, Saudi Arabia and Colombia, which together accounted for a further 35%.

What is the average export price for tyres for motor cars in India?

In 2020, the average passenger car tyre export price amounted to $45 per unit, shrinking by -12.7% against the previous year.

What is the average import price for tyres for motor cars in India?

In 2020, the average passenger car tyre import price amounted to $32 per unit, dropping by -2.2% against the previous year.

This report provides an in-depth analysis of the passenger car tyre market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023