India Two Wheeler Tire Market Research Report, 2029

India two wheeler tire market is witnessing substantial growth prospects owing to the rising number of automobile sales over the last few years. Urbanization, rural development, rising disposable income, and surging middle-class population are some of the key factors leading to increasing demand for two-wheeler vehicles in India. Rising traffic and lack of availability of parking space in metro cities are further giving a boost to the growth of the two-wheeler tire market. The market's growth is driven by increased traffic jams, the expansion of online delivery services, and electric two-wheelers. Cities like Bangalore, Pune, Mumbai, and others are experiencing the worst traffic conditions in India due to the growing urban population. A large number of the working population prefers commuting on scooters, primarily to avoid the burgeoning traffic. While the sales of two-wheelers are increasing, it is directly impacting the India Two-Wheeler Tire Industry positively. Online food delivery services such as Swiggy, Zomato, etc., in India are now increasingly expanding to Tier 2 and Tier 3 cities. This expansion is fueled by increasing smartphone penetration and changing consumer preferences. Thus, the burgeoning expansion of food delivery services into Tier 2 and Tier 3 cities has led to an increased uptake of two-wheelers for delivery purposes. The India two-wheeler tire market is characterized by a competitive landscape featuring several key players. MRF Limited and CEAT Limited are the leading companies, commanding significant market shares and known for their strong distribution networks and innovative product offerings. TVS Srichakra Limited also plays a crucial role, contributing to the market alongside MRF and CEAT. Other notable competitors include JK Tyre & Industries, Apollo Tyres, Bridgestone India, and Michelin Group, each recognized for their diverse range of high-quality tires tailored for motorcycles and scooters. According to the research report "India Two Wheeler Tire Market Research Report, 2029," published by Actual Market Research, the India Two Wheeler Tire market is anticipated to grow at more than 10.69% CAGR from 2024 to 2029. The scooter tire market has been at a fast growth pace in the last few years due to enhanced adoption by commuters with easy driving and good load-carrying capability. Increased numbers of working female populations lead to an increase in demand for a user-friendly conveyance solution. Awareness of the premium tyre market is growing in the country due to gaining awareness of high-end bikes with youth. Based on the types, Bias tire grabbed the maximum share of India two-wheeler tire market due to low cost of ownership compared with radial tires. With the increasing adoption of premium bikes among consumers, especially youths, the premium two-wheeler tire segment is going to log in more growth over the coming years. The two-wheeler tire is the user-friendly rising in the demand due to the increase in the number of working women population. The two-wheeler tire is the conveyance solution for everyone. The market in the forecasted period is more oriented to the growth of two-wheeler tires in India. An increase in demand for two-wheeler also raises in impact on tire market in two India. Rise in population in the country and increase in urbanization increases demand in two-wheeler sale in the country. Now the scooter tire market has been increased a lot over the last few years and load-carrying capability. The demand of two-wheelers also raises a lot and the impact in the two India on the tire market is also some considerable rate. The scooter tire market is growing in the market for more than the last few years.

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The India two-wheeler tire market is segmented into three primary vehicle types: motorcycles, scooters, and others (which include mopeds). Motorcycles dominate the two-wheeler tire market in India, accounting for a substantial share of tire sales. This dominance is primarily due to motorcycles being the preferred mode of transportation for many, especially among the youth who favor them for their performance and style. The increasing popularity of motorcycles is fueled by frequent product launches and innovations that cater to performance-oriented riders. Additionally, the growing middle-class population and urbanization contribute to higher motorcycle ownership, further driving demand for tires designed for durability and performance. Scooters hold the second-largest market share, primarily due to their ease of use and practicality in urban commuting. Scooters are particularly appealing to female riders and first-time buyers because of their lightweight design and automatic transmission features. The rise in traffic congestion in cities has also encouraged many commuters to opt for scooters as a convenient alternative to cars. Manufacturers are responding with tires that enhance grip and stability, catering to the specific needs of scooter riders. The others segment, which includes mopeds, represents a smaller yet significant portion of the market. Mopeds are often used in rural areas for short-distance travel due to their affordability and fuel efficiency. While this segment is not growing as rapidly as motorcycles or scooters, it remains relevant due to ongoing demand in less urbanized regions where two-wheelers serve as essential transportation. The two-wheeler tire market in India is significantly influenced by two primary technologies: Internal Combustion Engines (ICE) and Electric Vehicles (EVs). Internal Combustion Engines (ICE) dominate the market, accounting for a substantial share of two-wheeler sales. The widespread availability of petrol and a well-established network of fuel stations facilitate the continued popularity of ICE motorcycles and scooters. These vehicles are favored for their performance, range, and the ability to cover longer distances without the need for frequent refueling. Major manufacturers like Bajaj, Hero MotoCorp, and TVS are actively introducing new models with advanced features, which further drives demand for high-performance radial tires designed to enhance safety and durability on Indian roads. The ICE segment benefits from a robust aftermarket for tire replacements due to the high volume of usage and wear and tear from challenging road conditions. The Electric Vehicle (EV) segment is rapidly gaining traction, spurred by government incentives and a growing awareness of environmental issues. The Indian government has set ambitious targets for EV adoption, with projections indicating that electric two-wheelers could reach significant penetration levels in the coming years. This shift is prompting manufacturers to develop specialized tires that cater to the unique requirements of electric scooters and motorcycles, such as lower rolling resistance and enhanced grip. Companies are investing in technology to produce tires that not only meet performance standards but also align with sustainability goals. The two-wheeler tire market in India is segmented by end-user categories, primarily personal and commercial usage, each serving distinct purposes and driving specific demand patterns. Personal use constitutes a significant portion of the market, where individuals primarily utilize two-wheelers for daily commuting, leisure riding, and short-distance travel. This segment includes motorcycles and scooters that cater to the growing middle-class population seeking affordable and efficient transportation solutions. Personal users often prioritize budget-friendly tires that offer durability and safety, as these vehicles are frequently used in urban environments characterized by heavy traffic and varied road conditions. The demand for tires in this segment is driven by the increasing number of personal vehicles on the road, as well as the rising trend of female riders who prefer scooters for their ease of use and maneuverability. The commercial segment encompasses two-wheelers used for business purposes, including delivery services, ride-hailing platforms, and logistics operations. The expansion of e-commerce and food delivery services has significantly boosted the demand for commercial two-wheelers, necessitating tires that can withstand higher mileage and varied terrains. Commercial users typically opt for high-performance tires that enhance fuel efficiency and provide better grip under load conditions. Companies like Ola and Zomato are increasingly relying on robust two-wheeler fleets, which create a consistent demand for reliable tires tailored to meet the rigorous demands of commercial operations.

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Nikita Jabrela

Business Development Manager

Considered in this report • Geography: India • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • India Two Wheeler Tire Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Vehicle Type: • Scooter • Motorcycle • Others

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By Technology: • Internal Combustion Engines (ICE) • Electric By End-User: • Personal • Commercial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to tire industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.