India Tire Market

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India Tire Market was valued US$ 9.2 Bn and is estimated to reach US$ 19.4 Bn by 2026 at a CAGR of 9.77 % during the forecast.

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India Tire Market was valued US 9.2 Bn and is estimated to reach US 19.4 Bn by 2026 at a CAGR of 9.77 during the forecast. India tire market is segmented by vehicle by product and by demand category. Based on product tire market is bifurcated into radial and bias tires. On the basis of sales channel the India tire market has been classified into original equipment manufacturer OEM and aftermarket. Based on vehicle type India tire market has been categorized into passenger cars commercial vehicles two-wheelers and others. Growing demand for tires increasing purchasing power are driving growth of India tire market. Growing automobile sales coupled with expanding automobile industry are the major factors boosting demand for tires in India. Escalating middle class population and increasing national disposable income is impelling the growth to the market tire sales across all the automobile segments are expected to grow in the forecast years. Growth of tire re-treading industry is limiting the growth of tire market. Aftermarket category exhibits the market growth at faster rate attributed to the increasing consumer preference for customization in terms of acceleration grip and ride comfort. Tires of OEM category are specifically designed for higher fuel efficiency and longer on-road wear life. Passenger car segment observe significant market growth during the forecast period attributed to the growing rate of personal vehicle ownership and improved standard of living has considerably improved in the past decade. Introduction of electric vehicle by 2022 and shift from conventional vehicle to electric vehicle will boost the growth of passenger segment at faster pace. Radial tires will gain a major revenue by 2026 owing to the benefits offered by these tires over bias tires such as lower transversal slip greater power transfer lower fuel consumption less ground damage and higher vehicle efficiency. MRF Limited CEAT Limited JK Tyre Industries Ltd. Bridgestone India Private Limited Birla Tyres Limited Goodyear India Limited TVS Srichakra Limited Apollo Tyres Ltd. Continental India Limited and Balkrishna Industries Limited are key players involved in the India tire market. For more information visit https://www.maximizemarketresearch.com/market-report/india-tire- market/21022/ Scope of the India Tire Market By Vehicle: • Passenger Cars • Commercial Vehicles • Two-Wheelers

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• Others By Demand Category: • OEM • Aftermarket By Product: • Bias Tires • Radial Tires Key Player analysed in India Tire Market: • MRF Limited • CEAT Limited • JK Tyre Industries Ltd. • Bridgestone India Private Limited • Birla Tyres Limited • Goodyear India Limited • TVS Srichakra Limited • Apollo Tyres Ltd. • Continental India Limited • Balkrishna Industries Limited This Report Is Submitted By Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research:

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Maximize Market Research provides B2B and B2C research on 20000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare Pharmaceuticals Electronics Communications Internet of Things Food and Beverages Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: salesmaximizemarketresearch.com Address: Omkar Heights Sinhagad Road Manik Baug Vadgaon BkPune Maharashtra 411051 India. Contact: +919607195908

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