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Passenger Car Tires Market in India 2015-2019

Passenger Car Tires Market in India 2015-2019

About Passenger Car Tires

The automotive industry in India is one of the leading global markets in terms of production. The country has a stable domestic market with the presence of both domestic and international vehicle manufacturers.

The OEM market for tires in India had been stable in the recent past except for 2013, during which the automotive industry witnessed a drop in demand on the backdrop of costlier finance options and stringent lending norms. In the tires replacement market, new vehicle registrations in the country ensure positive prospect tires, as tires are subject to wear and tear with vehicle usage.

Technavio's analysts forecast the passenger car tires market in India to grow at a CAGR of 5.61% over the period 2014-2019.

Covered in this Report

The passenger car tires market in India can be segmented into two divisions on the basis of key customers: OEMs and replacement tires. To calculate the market size, the report considers the sales of tires in both these segments. In addition, the report discusses the major drivers that influence the growth of the passenger car tires market in India. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Technavio's report, the Passenger Car Tires Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.

Key Vendors

  • Apollo Tyres
  • Birla Tyres
  • Bridgestone India
  • Ceat Tyres
  • Goodyear India
  • JK Tyre
  • MRF
Other Prominent Vendors
  • Asha Rubber Industries
  • Continental
  • Michelin
Key Market Driver
  • Increasing Demand for Passenger Cars
  • For a full, detailed list, view our report
Key Market Challenge
  • Low-cost Imported Tires Affecting Sales Volume of Tire Manufacturers
  • For a full, detailed list, view our report
Key Market Trend
  • Self-sealing Tires
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in India 2015-2019

Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in India: Apollo Tyres, Birla Tyres, Bridgestone India, Ceat Tyres, Goodyear India, JK Tyre and MRF

Other Prominent Vendors in the market are: Asha Rubber Industries, Continental and Michelin

Commenting on the report, an analyst from Technavio’s team said: “There is a lot of stress nowadays on environmental protection by the governments and authorities worldwide. They are creating legislation to reduce the impact on the environment. Tires can be an important source of pollutant. The tire manufacturing process has a significant negative effect on the environment. The concept of eco-friendly tires deals with the environmental effects of the tire manufacturing process, the impact the tires have on the environment during their life, and the effect of tires on the environment after they are disposed of. The tire manufacturers are trying to focus on raw materials, rolling resistance, and recycling of tires for reducing the impact on the environment.”

According to the report, the cab services market, or the taxi services market, has seen rapid growth in the past 6-7 years. More than $400 million has been invested in cab service companies in the past four years. Industry experts believe that the radio taxi market in India is estimated to grow over the next five years. Though the unorganized segment still owns the majority of this market, the potential for the organized segment is very high and is estimated to add vehicles to its fleet at a rapid pace in the forecast period. India's public transport infrastructure is still creaky, and safe commuting options are few, which has led to the growth of such cab services. There are close to 5.5 lakh commercial cabs registered in India's top 10 cities and these numbers are expected to go up in the forecast period. The increase in cab services is leading to an increase in new car sales, as fleet owners are increasing their fleet size. With the increase in fleet size the OEM market for tires is gaining growth momentum.

Further, the report states that domestic tire manufacturers' growth has been hindered by the tax structures, which have led to an increase in raw material costs for the tire manufacturer.

Companies Mentioned

Apollo Tyres, Birla Tyres, Bridgestone India, Ceat Tyres, Goodyear India, JK Tyre , MRF, Asha Rubber Industries, Continental, Michelin

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
    • Tire Market Overview
    • Tire Classification by Application
      • Table Tire Classification by Application
    • Tire Classification by Construction Technology
    • Tires Classification by Weather Condition
    • Tires: Key Markets
    • Key Tire Manufacturers Segmentation by Geography
  • Tire Manufacturing Process
    • Table Tire Manufacturing Process
  • Life Cycle of Tires
  • Raw Materials Price Breakdown
    • Table Raw Materials Price Breakdown
  • Tire Industry Supply Chain
  • Automotive Industry in India: Overview
  • Market Landscape
    • Market Overview
    • Market Size and Forecast
      • Table Passenger Car Tires Market in India (million units)
  • Passenger Car Tires: Key Markets
    • OEM Passenger Car Tires Market in India
      • Table OEM Passenger Car Tires Market in India (million units)
    • Replacement Passenger Car Tires Market in India
      • Table Replacement Passenger Car Tires Market in India (million units)
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Apollo Tyres
      • Birla Tyres
      • Bridgestone India
      • Ceat
      • Goodyear
      • JK Tyre
      • MRF
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Apollo Tyres
      • Key Facts
      • Business Overview
      • Product Segmentation by Revenue 2013
        • Table Apollo Tyres: Product Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue 2013
        • Table Apollo Tyres: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Birla Tyres
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Birla Tyres: Product Segmentation
      • SWOT Analysis
    • Bridgestone India
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Bridgestone India: Product Segmentation
      • Geographical Presence
        • Table Bridgestone India: Geographical Presence (Sales Office)
      • Recent Developments
      • SWOT Analysis
    • CEAT
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table CEAT: Product Segmentation
      • Geographical Segmentation by Revenue 2014
        • Table CEAT: Geographical Segmentation by Revenue 2014
      • Recent Developments
      • SWOT Analysis
    • Goodyear India
      • Key Facts
      • Business Overview
      • Segmentation by Revenue 2014
        • Table Goodyear India: Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • JK Tyre & Industries
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table JK Tyre & Industries: Product Segmentation
      • Geographical Segmentation by Revenue 2014
        • Table JK Tyre & Industries: Geographical Segmentation by Revenue 2014
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • MRF
      • Key Facts
      • Business Overview
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Report in this Series

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