Prominent Features of the India Two-Wheeler Tire Market Report for 2030
MarkNtel Advisors has recently published a research report titled India Two-Wheeler Tire Market for the forecast year, 2024-30. MarkNtel Advisors is a prominent provider of market research and business intelligence solutions. Our extensive range of reports and services caters to the needs of businesses, investors, and professionals seeking informed decision-making in dynamic and competitive markets.
Insights into the India Two-Wheeler Tire Market
According to the analysis conducted by MarkNtel Advisors, The Global India Two-Wheeler Tire Market is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30. India Two-Wheeler Tire Market. In the midst of rapid transformations within the India Two-Wheeler Tire market, it is imperative for businesses and investors to maintain a strategic advantage. Our report provides an in-depth examination of key market players, potential opportunities, and valuable insights, equipping our clients with the necessary information to make well-informed decisions amidst this dynamic environment.
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Market Dynamics
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.
In addition, the growing demand for ride-hailing motorcycle taxis is also leading companies, such as Uber, Ola, Rapido, etc., to expand their motorcycle fleets. For instance,
- In 2024, Ola unveiled its e-bike service in Delhi and Hyderabad and planned to deploy 10,000 e-vehicles across these cities over the coming months.
Consequently, the expansion of ride-hailing services is expected to drive tire demand across the country and contribute to the growth of the India Two-wheeler Tire Market in the coming years.
Lucrative Segments in the India Two-Wheeler Tire Market
Clients seeking to enhance their returns in this market must make informed decisions. Keeping this in mind, our analysis examines potential investment hubs by considering projected demand, anticipated returns, profit margins, and market stability.
The India Two-Wheeler Tire Market is highly fragmented and bifurcates into the following segmentations:
By Vehicle Type
-Scooter and Moped
-Motorcycle
- The scooter and moped segment is anticipated to dominate the market during the forecast period
By Demand Type
-OEMs
-Replacement
- The OEM segment is expected to witness the fastest market growth in the forecast years.
By Tire Type
-Radial
-Bias
-By Price Category
-Budget
-Economy
-Premium
By Sales Channel
-Online
-Multi Brand Stores
-Exclusive Outlets
-Direct Sales
By Tire Size
-Tire Size 1
-Tire Size 2
-Tire Size 3
-Tire Size 4
-Tire Size 5
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By Region
-North
-East
-West
-South
- North America presently dominates the Global India Two-Wheeler Tire Market in terms of market share, and this dominance is projected to persist in the future as well.
Competitive Landscape of India Two-Wheeler Tire Market
The key players profiled in the research report are 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, We at MarkNtel Advisors, diligently identify and analyze each and every prominent player, including their new product launch, merger in recent years, acquisitions, and collaborations if any. This aids our clients in making better projections and staying competitive in the market.
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MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.
Frequently Asked Questions
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