#indiatyremarket
2 Posts
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India Tyre Market Overview: USD 12.84 Billion, Expected to Reach USD 29.16 BillionThe India tyre market has been experiencing remarkable growth, driven by increasing vehicle ownership, infrastructure development, and advancements in tyre technology. According to the TechSci Research report, the market was valued at USD 12.84 billion in 2024 and is expected to reach USD 29.16 billion by 2030, growing at a CAGR of 8.21%. This expansion is fueled by rising demand across passenger vehicles, commercial vehicles, and two-wheeler segments, alongside the increasing penetration of global tyre brands in India. Additionally, government policies promoting domestic manufacturing and foreign direct investment (FDI) in the automotive sector have further bolstered market expansion. This report provides an in-depth analysis of the India tyre market, including key trends, growth drivers, challenges, and future opportunities. cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS. #IndiaTyreMarket #IndiaTyreMarketForecastandshare #IndiaTyreMarkettrendandworth #IndiaTyreMarketPlayersandreport #IndiaTyreMarketForecastreport
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India Tires Market Overview: USD 12.84 Billion, Expected to Reach USD 29.16 BillionThe Indian tyre market is witnessing significant growth, driven by rising vehicle ownership, expanding infrastructure, and advancements in tyre technology. As per a TechSci Research report, the market was valued at USD 12.84 billion in 2024 and is projected to reach USD 29.16 billion by 2030, growing at a CAGR of 8.21%. This growth is supported by increasing demand across passenger vehicles, commercial vehicles, and two-wheelers, along with the expanding presence of global tyre brands in India. Furthermore, government initiatives promoting domestic manufacturing and foreign direct investment (FDI) in the automotive sector have further accelerated market expansion. This report offers a comprehensive analysis of the Indian tyre market, covering key trends, growth drivers, challenges, and future opportunities. cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS. #IndiaTyreMarket #IndiaTyreMarketGrowth #IndiaTyreMarketShare #IndiaTyreMarketForecast #IndiaTyreMarketTrends
