MarkNtel Advisors recently published a report, titled, ” India Two-Wheeler Tire Market India Two-Wheeler Tire Market Report – By Vehicle Type (Scooter and Moped, Motorcycle, By Demand Type (OEMs, Replacement), By Tire Type (Radial, Bias), By Price Category (Budget, Economy, Premium-Market Size & Forecast 2019-2030, Thousand Units), By Sales Channel (Online, Multi Brand Stores, Exclusive Outlets, Direct Sales). As per as the report India Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024–30.
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India Two-Wheeler Tire Market Driver:
Expansion of Fleet by Raid Hailing Companies – Major cities like Pune, Bangalore, Delhi, etc., have been facing traffic congestion issues due to rapid urbanization and strained road infrastructure. These traffic jams devour nearly half of the daily commute time of individuals. As a result, the individuals residing in these cities leave early for work and prefer to use bike taxis for daily commuting purposes. Thus, Bangalore, Delhi, Pune, Mumbai, etc., have emerged as hotbeds for ride-hailing app usage. The high usage of bike taxis in the region is resulting in wear and tear of the tires, enhancing the requirement for replacement at frequent intervals.
Leading Companies in India Two-Wheeler Tire Market:
MRF Ltd., Apollo Tyres Corporate, CEAT Limited, TVS Srichakra Limited, Michelin, Pirelli Tyres S.p.A, JK Tyres and Industries, Goodyear Tire and Rubber Company, Continental AG, Bridgestone Corporation, Ralco Tyres, Maxxi Tyres, and Others.
India Two-Wheeler Tire Market Segmentation:
By Vehicle Type
-Scooter and Moped- Market Size & Forecast 2019-2030, Thousand Units
-Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
By Demand Type
-OEMs- Market Size & Forecast 2019-2030, Thousand Units
-Replacement- Market Size & Forecast 2019-2030, Thousand Units
By Tire Type
-Radial- Market Size & Forecast 2019-2030, Thousand Units
-Bias- Market Size & Forecast 2019-2030, Thousand Units
By Price Category
-Budget- Market Size & Forecast 2019-2030, Thousand Units
-Economy- Market Size & Forecast 2019-2030, Thousand Units
-Premium-Market Size & Forecast 2019-2030, Thousand Units
By Sales Channel
-Online- Market Size & Forecast 2019-2030, Thousand Units
-Multi Brand Stores – Market Size & Forecast 2019-2030, Thousand Units
-Exclusive Outlets – Market Size & Forecast 2019-2030, Thousand Units
-Direct Sales- Market Size & Forecast 2019-2030, Thousand Units
By Tire Size
-Tire Size 1 – Market Size & Forecast 2019-2030, Thousand Units
-Tire Size 2- Market Size & Forecast 2019-2030, Thousand Units
-Tire Size 3- Market Size & Forecast 2019-2030, Thousand Units
-Tire Size 4- Market Size & Forecast 2019-2030, Thousand Units
-Tire Size 5- Market Size & Forecast 2019-2030, Thousand Units
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By Region
-North
-East
-West
-South.
Key questions answered in the India Two-Wheeler Tire Market are:
•What is India Two-Wheeler Tire Market?
•What was the market size in 2023?
•What is the growth rate of the India Two-Wheeler Tire Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the India Two-Wheeler Tire Market?
•What segments are covered in the Market?
•Who are the key players in the India Two-Wheeler Tire Market?
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