India tyre market forecast & opportunities, 2019

2014

TechSci Research Market Intelligence Experts

India Tyre Market Forecast & Opportunities, 2019

India Tyre Market Forecast & Opportunities, 2019 © TechSci Research Page 1

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Table of Contents

1. Executive Summary

2. India Tyre Market Outlook

2.1. Production

2.1.1. By Volume

2.1.2. By Vehicle Type

2.2. Market Size & Forecast

2.2.1. By Value

2.2.2. By Volume

2.3. Market Share & Forecast


2.3.2. By Company

2.3.3. By Region

3. India Replacement Tyre Market Outlook


3.1.1. By Value

3.1.2. By Volume

4. India Passenger Car Tyre Market Outlook


4.1.1. By Value

4.1.2. By Volume



4.2.2. By Company

5. India Commercial Vehicle Tyres Market Outlook


5.1.1. By Value

5.1.2. By Volume



5.2.2. By Company

6. India Two-Wheeler Tyre Market Outlook


6.1.1. By Value

6.1.2. By Volume




6.2.2. By Company

7. India OTR Tyres Market Outlook


7.1.1. By Value

7.1.2. By Volume



8. India Three Wheeler Tyre Market Outlook


8.1.1. By Value

8.1.2. By Volume

9. Tyre Trade

9.1. Imports

9.2. Exports

10. Raw Material Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Policy & Regulatory Landscape

13. India Economic Profile

14. Market Trends & Developments

14.1. Automobile Sales Scenario

14.2. Retreading Tyres Market

14.3. Investments in Automotive Sector

14.4. Radialization

15. Competitive Landscape

15.1. MRF Limited

15.2. Apollo Tyres Limited

15.3. JK Tyre & Industries Limited.

15.4. CEAT Limited

15.5. Balkrishna Industries Limited

15.6. Goodyear India Limited

15.7. Kesoram Industries Limited


15.8. TVS Srichakra Limited

15.9. Falcon Tyres Limited

15.10. Govind Rubber Limited

16. Strategic Recommendations

17. Research Methodology

18. Disclaimer


List of Figures

Figure 1: India Tyre Market Size, By Production, By Volume, 2009-2019F (Million Units)

Figure 2: India Tyre Market Size, By Value, 2009-2013E (USD Billion)

Figure 3: India Tyre Market Size, By Value, 2014F-2019F (USD Billion)

Figure 4: India Tyre Market Size, By Volume, 2009-2013E (Million Units)

Figure 5: India Tyre Market Size, By Volume, 2014F-2018F (Million Units)

Figure 6: India Tyre Market Share, By Vehicle Type, By Volume, 2013E

Figure 7: India Tyre Market Share, By Vehicle Type, By Volume, 2019F

Figure 8: India Tyre Industry Market Share, By Company, By Value, 2013E

Figure 9: India Tyre Industry Market Share, By Company, By Value, 2019F

Figure 10: India Tyre Market Share, By Region, By Volume, 2013E & 2019F

Figure 11: India Automobile OEM Manufacturing Facilities Location, 2012

Figure 12: India Replacement Tyre Market, Market Size, By Value, 2009-13E (USD Billion)

Figure 13: India Replacement Tyre Market Size, By Value, 2014F-2019F (USD Billion

Figure 14: India Replacement Tyre Market Size, By Volume, 2009-2013E (Million Units)

Figure 15: India Replacement Tyre Market Size, By Volume, 2014F-19F (Million Units)

Figure 16: India Passenger Car Tyre Market , By Value, 2009-2013E (USD Billion)

Figure 17: India Passenger Car Tyre Market , By Value, 2014F-2019F (USD Billion)

Figure 18: India Passenger Car Tyre Market, By Volume, 2009-2013E (Million Units)

Figure 19: India Passenger Car Tyre Market, By Volume, 2014F-2019F (Million Units)

Figure 20: India Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2013E

Figure 21: India Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2019F

Figure 22: India Passenger Car Tyre Market Share, By Company, By Volume, 2013E

Figure 23: India Commercial Vehicle Tyre Market Size, By Value, 2009-2013E (USD Billion)

Figure 24: India Commercial Vehicle Tyre Market Size, By Value, 2014F-2019F (USD Billion)

Figure 25: India Commercial Vehicle Tyre Market Size, By Volume, 2009-2013E (Million Units)

Figure 26: India Commercial Vehicle Tyre Market Size, By Volume, 2014F-2019F (Million Units)

Figure 27: India Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2013E

Figure 28: India Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2019F

Figure 29: India Commercial Vehicle Tyre Market Share, By Company, By Volume, 2013E

Figure 30: India Two-Wheeler Tyre Market , By Value, 2009-2013E (USD Billion)

Figure 31: India Two-Wheeler Tyre Market , By Value, 2014F-2019F (USD Billion)

Figure 32: India Two-Wheeler Tyre Market, By Volume, 2009-2013E (Million Units)

Figure 33: India Two-Wheeler Tyre Market, By Volume, 2014F-2019F (Million Units)

Figure 34: India Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2013E

Figure 35: India Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2019F

Figure 36: India Two Wheeler Tyre Market Share, By Company, By Volume, 2013E

Figure 37: India OTR Tyre Market Size, By Value, 2009-2013E (USD Billion)

Figure 38: India OTR Tyre Market Size, By Value, 2014F-2019F (USD Billion)

Figure 39: India OTR Tyre Market Size, By Volume, 2009-2013E (Million Units)

Figure 40: India OTR Tyre Market Size, By Volume, 2014F-2019F (Million Units)

Figure 41: India OTR Tyre Market Share, By Vehicle Type, By Volume, 2013E

Figure 42: India OTR Tyre Market Share, By Vehicle Type, By Volume, 2019F

Figure 43: India Three Wheeler Tyre Market Size, By Value, 2009-2013E (USD Million)

Figure 44: India Three Wheeler Tyre Market Size, By Value, 2014F-2019F ( USD Million)

Figure 45: India Three Wheeler Tyre Market Size, By Volume, 2009-2013E (Million Units)

Figure 46: India Three Wheeler Tyre Market Size, By Volume, 2014F-2019F (Million Units)

Figure 47: India Three-Wheeler Market Share, By Company, By Volume, 2013E

Figure 48: India Tyre Import, By Volume, Million Units, 2009-2019F

Figure 49: India Tyre Export, By Volume, 2009-2019F, (Million Units)


Figure 50: Synthetic Rubber Consumption By Tyre Industry (Metric Tons), 2008-2012

Figure 51: Raw Material Share in Tyre Manufacturing

Figure 52: Raw Material Cost, By Segment, 2012

Figure 53: Natural Rubber Consumption By Tyre Industry (Metric Tons), 2008-2012

Figure 54: India GDP, 2010-2017F (USD Trillion)

Figure 55: India GDP Growth Rate: 2010-2017F (%)

Figure 56: India GDP Per Capita, 2010-2017F (USD)

Figure 57: India GDP Per Capita Growth Rate: 2010-2016F (%)

Figure 58: India GDP Per Capita, 2010-2017F (USD)

Figure 59: India GDP Per Capita PPP Growth Rate: 2010-2017F (%)

Figure 60: India GDP Composition by Sectors: 2010-2016F (%)

Figure 61: India Inflation Rate by Consumer Price Changes, 2010-2017F (%)

Figure 62: India Population, 2010-2017F (Million)

Figure 63: India Population Growth Rate: 2010-2016F (%)

Figure 64: India INR V/S USD Exchange Values: January 1, 2005-2013

Figure 65: India Automobile Sales, By Volume, 2009-2013E (Million Units)

Figure 66: India Automobile Sales, By Volume, 2014F-2019F (Million Units)

Figure 67: India Automobile Tyre Market Sales, By Vehicle Type, By Volume, 2012

Figure 68: India Tyre Retreading Market Size, By Value, 2009-13E, (USD Million)

Figure 69: India Tyre Retreading Market Size, By Value, 2014F-19F, (USD Million)

Figure 70: India Tyre Radialization level, 2007-2012, By Percentage

Figure 71: Apollo Revenue Segmentation , By Customer, Sales, 2012

Figure 72: Apollo Revenue Segmentation , By Geography, By Sales, 2012

Figure 73: Apollo Revenue Segmentation , By Product, Sales, 2012

Figure 74: Falcon Tyres Limited Revenue Market Share, By Segment, By Value, 2012

Figure 75: Govind Rubber Limited Revenue Market Share, By Segment, By Value, 2012


List of Tables

Table 1: India Tyre Production By Vehicle Type, 2006-2011 (Million Units)

Table 3: India MSME Enterprises, By Fixed Asset, By Output, 2008-12 (USD Billion)

Table 4: India Two-Wheeler Sales , 2007-2012, Units

Table 5: India Three Wheeler Sales Trend, By Volume, (Million Units ), 2007-2012

Table 6: India Tyre Market, Custom Duties , 2012

Table 7: Radial vs. Cross-ply T&B Tyre

Table 8: Company Profile – MRF Limited

Table 9: Company Profile – Apollo Tyres Limited

Table 10: Company Profile – JK Tyre & Industries Limited

Table 11: Company Profile – CEAT Limited

Table 12: Company Profile – Balkrishna Industries Limited

Table 13: Company Profile – Goodyear India Limited

Table 14: Company Profile – Kesoram Industries Limited

Table 15: Company Profile – TVS Srichakra Limited

Table 16: Company Profile – Falcon Tyres Limited

Table 17: Company Profile – Govind Rubber Limited


India Tyre Market Outlook

India is one of the emerging economies in the world and is one of the largest countries in the

XXXXXX and XXXXXX hemispheres. Consequently, the country also offers one of the biggest

automobile markets in the world. Automobile sector of the country exhibited a CAGR of about

X% during 2009-13. However, the automobile industry witnessed a XXXXXXX in 2013 due to

XXXXX economic growth.

XXXXX availability of finance, XXXXX disposable income levels and XXXXXX government

initiatives are the major supporting factors for the automobile industry in the country. It is

forecast that industry would exhibit a CAGR of about X% during 2014-19, in volume terms,

which would XXXXXX the demand for automobile tyres in the replacement as well as XXXXX

equipment manufacturers (OEMs) market.

The demand for tyres is directly related to the demand for automobiles including two wheelers,

passenger cars, buses, trucks, and other means of transportation. Growth in all of these

segments is highly dependent on the country’s XXXXXX scenario. The consumer market for

tyres in India is one of the XXXXX in the world and offers XXXXX growth potential. The

expansion of the Indian consumer market, XXXXX per capita income, and the XXXXXX in the

supply of vehicle models for the domestic market have all been important factors in attracting

tyre manufacturers and retailers.

There are different categories of tyres available in the market like cars, trucks and buses, pickup

trucks, two wheelers, three wheelers, industrial vehicles, tractors, earthmoving machinery, etc.

In 2013, Indian tyre industry’s turnover reached around USD XXX billion. The sales volume has

also XXXXXX from XXX million units in 2009 to XXX million units in 2013, exhibiting an overall

increase of X%. XXXXX tyres accounted for the maximum market share and contributed around


X% of the total sales of tyres in 2013. XXXXXX tyres is the second most dominating segment

with a share of about X%, which is followed by commercial vehicle tyres and off-the-road (OTR)

tyres with a shares of X% and X%, respectively. XXXXXX tyre segment holds the last position in

terms of sales volume share and had a market share of about X% in 2013.

XXXXXX is the market leader in Indian tyre market and also is also one of the major players in

most of the tyre segments because of its strong tie ups with XXXXXX. XXXXXXX is the second

largest player with major share in passenger vehicle tyre segment as well as trucks and buses.

The close competitor of XXXXXX is JK tyres, which is the XXXXX largest player, followed by

XXXXXX, XXXXXX and XXXXXXX.

Indian replacement tyre market is one of the XXXXXX in Asia-Pacific and has contributed over

XXX million units in 2013. The replacement tyre market in India is projected to XXXXXX at a

CAGR of about X%, in volume terms, during 2014-19, with the segment projected to cross XXX

million unit sales in 2019.


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Research Methodology

With the top management of more than 20 years’ experience in developed and emerging

markets, TechSci Research methodology tenders an exceptional combination of connoisseur

industry knowledge and in-country local research expertise. TechSci Research moves towards

building market consensus view of size, shape, structure, environment and trends across each

category.

Our dedicated team of industry experts intensively monitored and analyzed various aspects

governing the performance of India tyre market. The team has analyzed the constructive

outlooks of various segments and forecast a positive future of the industry ahead. Taking into

consideration, various government initiatives, private investments, and regulatory involvement,

our team of analysts has provided a prudent analysis of the industry’s performance in future.

This would facilitate our clients in planning their investment decision and explore several growth

opportunities in this field.

For our study, we have gathered information through primary research surveys with vendors,

channel partners and customers, followed by an exhaustive search of credible paid databases

such as LexisNexis, EIU, Hoovers, etc. Out team of experts has then prudently evaluated all the

collected information and personated them in chronological order to depict a meaningful and

clear picture of India tyre market.

It is worth mentioning here that while compiling the data we have also crossed checked all the

collected information from our multiple sources and data warehouses, so that, we can present

the most accurate and precise information of the concerned industry.

In addition, we have also identified and analyzed all emerging trends including the important

drivers and challenges that the industry is confronting. Along with this, we have also identified


the possible growth areas in terms of government sales in the country. With the coordination of

these factors, we have presented a coherent analysis of the performance of India tyre market in

detail.

We have also presented various forecasts for the industry. The forecasts provided are based on

the sum of our economic and judgmental analysis on the basis of past drivers, challenges and

opportunities prevalent in the industry. Most importantly, while forecasting, we have given due

consideration to the R&D investments, sector demand, and developments which are essential in

determining the prospective growth potentials of the sector. Thus, our report depicts the most

unbiased picture of India tyre market that will prove decisive to our clients.

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India Tyre Market Forecast & Opportunities, 2019