India Tires Market Overview: USD 12.84 Billion, Expected to Reach USD 29.16 Billion
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- Location: Cologne
The 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
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