Future Projections for the India Two-Wheeler Radial Tire Market: Trends, Size, and Demand Report

MarkNtel Advisors analyses the growth rate of the India Two-Wheeler Radial Tire market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the India Two-Wheeler Radial Tire market, helping them make informed decisions.

Market Outlook – 2024-2030:

The India Two-Wheeler Radial Tire Market size is estimated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30. The major factor attributed to the market’s growth is the increased demand for radial tires for replacement purposes in the aftermarket.

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Key Company Profiles

This report explores recent significant developments in the India Two-Wheeler Radial Tire Market, focusing on the leading companies and their innovative profiles. The major players in the India Two-Wheeler Radial Tire Market, featured in this report, include:

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

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Market Segmentation Coverage

This research report by MarkNtel Advisors categorizes the India Two-Wheeler Radial Tire Market to forecast revenues and analyse trends across each of the following sub-markets:

By Two-Wheeler Type
- Moped Scooter -Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- Motorcycle -Market Size Forecast 2019-2030F, Unit Sold (Thousand)
By Tire Size
- Front Tire-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 100/80 R17-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 110/70 R17 -Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 120/70 R 17-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 80/100 R 18- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Others (80/100 R 17, 90/90 R 17, etc.) -Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- Rear Tire-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 190/55 R 17-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 180/55 R 17-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 100/90 R 17-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - 160/60 R 17-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Others (130/70 R 17, 150/60 R 17, etc.) -Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- By Engine Type
  - Internal Combustion Engine-Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Electric -Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- By Price Category
  - Budget- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Economy- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Premium- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- By Sales Channel
  - Online- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Direct Sales- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Multi Brand Stores- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
  - Exclusive Outlets- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- By Demand Type
  - OEMs- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
    - Yamaha
    - Bajaj
    - Husqvarna
    - Royal Enfield
    - KTM
    - Hero
    - Suzuki
    - Others
  - Aftermarket- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
- By Region
  - North
  - East
  - West
  - South

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What are the primary factors driving the growth of the India Two-Wheeler Radial Tire market?

Robust Aftermarket Demand for Replacement Radial Tires – There has been a notable surge in the number of Two-wheelers on Indian roads, which has led to a substantial demand for radial tire replacements due to the effects of wear and tear. This demand has been largely driven by factors such as poor road conditions and excessive path holes, which resulted in extensive wear tear. In addition, the mileage covered by two-wheelers on Indian roads has been higher as compared to other vehicles, given the extensive use of motorcycles and scooters for daily commuting.

As a result, the need for tire replacement became more frequent in the past, contributing to the improved demand for Two-wheeler radial tires in the aftermarket. Also, as radial tires offer a better riding experience in terms of safety security, consumers prefer radial tires for replacement purposes over Bias tires.

This changing landscape of consumer preference has promoted vehicle manufacturers like TVS Eurogrip, MRF Tyres, and others to prioritize advanced technologies to cater to the growing audience base. For instance:

In 2020, TVS Eurogrip’s Two-wheeler tires, with its RD capabilities and patented innovations launched world-class tires that offered exceptional performance, control, stability, and durability through advanced technologies like Zero-degree steel-belted radials and tri-polymer technology.

Therefore, the launch of world-class two-wheeler tires and the rising demand for two-wheeler tires in the aftermarket enhanced market growth in the historical years. Further, as riders are seeking improved performance and fuel efficiency, they are projected to shift toward the installation of radial tires in their two-wheelers, which would drive the demand for tire replacement in the coming years as well.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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