India Tire Market Forecast 2012 – 2022

India tire market is set to grow at almost double digits CAGR, on the back of growing demand for tires, continuous development of infrastructure and increasing purchasing power among the consumer of the country has also increased. Furthermore, India is one of the fastest growing large economies in the world, and has a booming service sector in addition to a robust manufacturing sector. In India, total vehicle production has increased from 4.17 million units in 2012 to 4.49 million units by 2016, a major factor which is also expected to propel the OEM tire market in the country.

“India Tire Market Forecast & Opportunities, 2022″, the country’s tire market is forecast to witness a CAGR of over 9% during 2017-2022. Some of the major players operating in India are MRF Limited, Birla Tyres Limited, TVS Srichakra Limited, Apollo Tyres Ltd., JK Tyre & Industries Ltd., Bridgestone India Private Limited, Goodyear India Limited, Michelin India Private Limited, Continental India Limited, and Balkrishna Industries Limited. “India Tire Market Forecast & Opportunities, 2022” report elaborates following aspects of tire market in India:
• India Tire Market Size, Share & Forecast
• Segmental Study – Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler & Off-The-Road (OTR)
• Voice of Customer – Brand Recall, Brand Satisfaction, Brand Switching Behavior, Factors responsible for purchase decision.
• Policy & Regulatory Landscape
• Changing Market Trends and Emerging Opportunities
• Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?
• To gain an in-depth understanding of tire market in India
• To identify the on-going trends and segment wise anticipated growth in the coming years
• To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
• To obtain research based business decision and add weight to presentations and marketing material
• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire manufacturers, distributors, dealers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Related Research Reports: India Automotive Market

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