India Two-Wheeler Radial Tire Market In-Depth Outlook Size, Share & Major Stakeholders

Scope of the Report

This report presents a detailed examination of the India Two-Wheeler Radial Tire Market for the years 2024-2030, focusing on a variety of aspects including market dynamics, trends, and forecasts. The study incorporates historical data from 2019 to 2023, establishing a robust foundation for future projections. It provides a thorough analysis of various market segments based on two-wheeler type (Moped & Scooter, Motorcycle), tire size, engine type (Internal Combustion Engine, Electric), price category (Budget, Economy, Premium), sales channel (Online, Direct Sales, Multi-Brand Stores, Exclusive Outlets), and demand type (OEMs, Aftermarket).

Market Driver

The primary driver of growth in the India Two-Wheeler Radial Tire Market is the robust demand for replacement tires due to an increasing number of two-wheelers on the roads. Poor road conditions and high mileage driven by consumers have led to significant tire wear and tear, thus intensifying the need for replacements. Consumers are increasingly opting for radial tires over conventional bias tires due to advantages such as improved fuel efficiency, better grip and traction, and enhanced ride comfort. Additionally, the surge in economic sectors such as e-commerce and logistics has prompted a higher sales volume of two-wheelers, further supporting the demand for radial tires.

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Market Segmentation

The market is segmented into various categories to provide a clearer understanding of its structure and dynamics:

By Two-Wheeler Type

Moped & Scooter
Motorcycle

The motorcycle segment dominates the market, driven by urban demand, particularly among the working population seeking efficient commuting options.

By Tire Size

Front Tire (e.g., 100/80 R17, 110/70 R17)
Rear Tire (e.g., 190/55 R17, 180/55 R17)

By Engine Type

Internal Combustion Engine
Electric

The Internal Combustion Engine segment remains predominant but is expected to experience increased competition from electric models.

By Price Category

Budget
Economy
Premium

By Sales Channel

Online
Direct Sales
Multi-Brand Stores
Exclusive Outlets

By Demand Type

OEMs (e.g., Yamaha, Bajaj, KTM)
Aftermarket

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Regional Overview

The report covers key regions, including North, East, West, and South India. Each of these regions exhibits unique characteristics influencing the market dynamics, consumer preferences, and competition among major players.

Key Players

Leading competitors in the India Two-Wheeler Radial Tire Market include:

MRF Tyres
Apollo Tyres Ltd.
CEAT Ltd.
TVS Srichakra Ltd.
Michelin India Pvt. Ltd.
Pirelli Tires SA
JK Tyres & Industries
Goodyear India Ltd.
Continental India Pvt. Ltd.
Bridgestone India Pvt. Ltd.

These companies have invested heavily in research and development to innovate and cater to the evolving needs of consumers, focusing on quality, performance, and safety.

Questions for Consideration:

How is the rising popularity of electric two-wheelers impacting the radial tire market?
Which tire size is expected to witness the highest growth in demand during the forecast period?
What are the strategies being employed by key players to tackle the challenge posed by counterfeit tires?
How will the shift toward premium motorcycles influence the overall two-wheeler tire market?
In which regions is the replacement demand for radial tires expected to grow the fastest?

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