Indian Tyre Industry Forecast to 2015

• Publication date: December 2012
• Report size: 90 pages

The Indian tyre industry has been witnessing tremendous growth for the past few years on account of growth in automobiles demand, especially in passenger vehicles and two-wheeler segments. In fact, availability of raw material (natural rubber) and ultramodern production facilities has led the country to emerge as one of the world’s most competitive tyre markets. Driven by the strong demand in automobile OEM sector and replacement market, the In...

The Indian tyre industry has been witnessing tremendous growth for the past few years on account of growth in automobiles demand, especially in passenger vehicles and two-wheeler segments. In fact, availability of raw material (natural rubber) and ultramodern production facilities has led the country to emerge as one of the world’s most competitive tyre markets. Driven by the strong demand in automobile OEM sector and replacement market, the India tyre industry has been witnessing stupendous growth from since the last two fiscal years.

Further, according to our research report, “Indian Tyre Industry Forecast to 2015”, the tyre production in India is anticipated to reach 191 Million Units by the end of FY 2016. Moreover, manufacturers are expected to invest huge amount into the industry over the next few years, with a major proportion of this investment directed towards the radial tyre capacity expansion.

Our study also finds out how tyre manufacturers are coming up with new technologies to provide customers with better products and services. The concept of ‘green tyres’ is becoming a paradigm of the country’s competitive edge. Technologies like self inflation by goodyear and run flat tyre (RFT) by bridgestone are paving the way in Indian market. This new category of tyres is now being widely accepted in India. Several greenfield projects are also there in pipeline to facilitate an increase in the domestic production capacity to meet the growing tyre demand in the country.

During the course of our study, it has also been found that India’s market for radial tyres in commercial vehicles section is still in its infancy. The passenger car segment switched to radial tyres in a short period of time, with radial tyre penetration level for the category reaching 100%. However, penetration level of radial tyre has also started to increase rapidly in the light commercial vehicles and truck & bus segment. This segment will be the largest growth area over the next few years.

We have found that companies are also looking for overseas plantation of rubber to meet their raw materials need which will help the companies to acquire raw material at cheaper prices. Apart from this, we have done the tyre manufacturing cost analysis in our report and found that raw material account for the major share in total cost. In addition, we have separately analyzed various raw materials cost in our report.

Further, tubeless tyres are gaining ground in Indian market as almost all the automobile manufacturers are launching their vehicles with tubeless tyres. This shows that tubeless tyre market will exhibit tremendous growth in the coming years.

Our report, “Indian Tyre Industry Forecast to 2015”, evaluates the future growth potential of India’s tyre industry, and provides statistics and information on market structure, tyre production by segments, exports and imports trends. Tyre market projections, in value terms, have been provided for all prominent segments, including passenger cars, utility vehicles, multi-purpose vehicles and two-wheelers.

Besides that, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Additionally, to provide clearer picture of competitive landscape, we have also included future plans & strategy of key players coupled with the comprehensive analysis of their strengths and weaknesses. All the above information covered in report will provide clients with cutting edge market intelligence and help them make sound investment decisions.

Tire Industry in India

1. Analyst View
2. Research Methodology
3. Emerging Market Trends
3.1 Radialisation Gaining Momentum
3.2 Indian Tyre Manufacturers Eyeing Overseas Plantations
3.3 Manufacturers Expanding Their Production Capacity
3.4 Focus on Green Tyre
4. Industry Overview and Outlook by 2015
4.1 Production
4.1.1 By Segment
4.2 Sales
4.2.1 By Segment
4.2.1.1 Passenger Cars
4.2.1.2 Utility Vehicles
4.2.1.3 Multi-Purpose Vehicles
4.2.1.4 Commercial Passenger Carriers
4.2.1.5 Commercial Goods Carriers
4.2.1.6 Two Wheelers
4.2.2 By Players
4.2.2.1 Passenger Cars
4.2.2.2 Light Trucks
4.2.2.3 Trucks
4.3 Export Scenario
4.3.1 By Segment
4.3.2 By Type
4.3.3 By Country
4.4 Import Scenario
4.4.1 By Segment
4.4.2 By Type
4.4.3 By Country
5. Radial Tyre Industry
6. Tubeless Tyre Industry
7. Tyre Retreading Analysis
8. Future Projects in Tyre Industry
9. Emerging Technology for Tyre Industry
10. Import Procedure for Raw Material and Tyres
11. Cost Analysis
11.1 Raw Material Cost
11.1.1 Rubber
11.1.2 Nylon Tyre Cord Fabric
11.1.3 Carbon Black
11.2 Labour Cost
11.3 Energy Cost
12. Regulatory Environment Analysis
13. Competitive Landscape Analysis
13.1 MRF
13.1.1 Business Overview
13.1.2 Strengths and Weaknesses
13.1.3 Future Plan and Strategy
13.2 CEAT
13.2.1 Business Overview
13.2.2 Strengths and Weaknesses
13.2.3 Future Plan and Strategy
13.3 JK Tyre
13.3.1 Business Overview
13.3.2 Strengths and Weaknesses
13.3.3 Future Plan and Strategy
13.4 Apollo Tyres
13.4.1 Business Overview
13.4.2 Strengths and Weaknesses
13.4.3 Future Plan and Strategy
13.5 Goodyear
13.5.1 Business Overview
13.5.2 Strengths and Weaknesses
13.5.3 Future Plan and Strategy
13.6 Bridgestone
13.6.1 Business Overview
13.6.2 Strengths and Weaknesses
13.6.3 Future Plan and Strategy



List of Figures:


Figure 4-1: Tyres Production (Million Units), FY 2010 to FY 2016
Figure 4-2: Passenger Cars Tyre Market (Billion INR), FY 2010 to FY 2016
Figure 4-3: Share of OEM’s in Passenger Cars Tyre Market (FY 2012)
Figure 4-4: Utility Vehicles Tyre Market (Billion INR), FY 2010 to FY 2016
Figure 4-5: Share of OEM’s in Utility Vehicles Tyre Market (FY 2012)
Figure 4-6: Multipurpose Vehicles Tyre Market (Billion INR), FY 2010 to FY 2016
Figure 4-7: Share of OEM’s in Multipurpose Vehicles Tyre Market (FY 2012)
Figure 4-8: Commercial Passenger Carriers Tyre Market (Billion INR), FY 2010 to FY 2016
Figure 4-9: Share of OEMs in Commercial Passenger Carriers Tyre Market (FY 2012)
Figure 4-10: Commercial Goods Carriers Tyre Market (Billion INR), FY 2010 to FY 2016
Figure 4-11: Share of OEM’s in Commercial Goods Carriers Tyre Market (FY 2012)
Figure 4-12: Two Wheelers Tyre Market (Billion INR), FY 2010 to FY 2016
Figure 4-13: Share of OEM’s in Two Wheelers Tyre Market (FY 2012)
Figure 4-14: Passenger Cars Tyre Market by Players (%), FY 2012
Figure 4-15: Light Trucks Tyre Market by Players (%), FY 2012
Figure 4-16: Trucks Tyre Market by Players (%), FY 2012
Figure 4-17: Tyres Export (Million Units), FY 2009 to FY 2012
Figure 4-18: Tyres Export (Billion INR), FY 2009 to FY 2012
Figure 4-19: Share of Radial Tyre in Passenger Cars Tyre Export (FY 2012)
Figure 4-20: Share of Radial Tyre in Busses/Lorries Tyre Export (FY 2012)
Figure 4-21: Tyres Export by Country (%), FY 2012
Figure 4-22: Tyres Import (Million Units), FY 2009 to FY 2012
Figure 4-23: Tyres Import (Billion INR), FY 2009 to FY 2012
Figure 4-24: Share of Radial Tyre in Passenger Cars Tyre Import (FY 2012)
Figure 4-25: Share of Radial Tyre in Busses/Lorries Tyre Import (FY 2012)
Figure 4-26: Tyres Import by Country (%), FY 2012
Figure 5-1: Radial Tyres Market (Billion INR), FY 2010 to FY 2016
Figure 5-2: Share of Various Segments in Radial Tyre Market (FY 2012)
Figure 5-3: Radialisation by Category (%), FY 2005 to FY 2012
Figure 6-1: Tubeless Tyres Market (Billion INR), FY 2010 to FY 2016
Figure 11-1: Cost Break-up of Tyre Manufacturing (%)
Figure 11-2: Cost Break-up of Raw Material Usage in Tyre Industry (%), FY 2012
Figure 11-3: Natural Rubber (ISNR 20) Average Monthly Price (INR/Kg), 2008-2011
Figure 11-4: Break-up of Labor Cost for Tyre Industry (%)



List of Tables:


Table 4-1: Tyres Production by Category (Million Units), FY 2010 to FY 2012
Table 4-2: Tyres Export by Category (‘000 Units), FY 2010 to FY 2012
Table 4-3: Tyres Import by Major Category (‘000 Units), FY 2011 & FY 2012
Table 8-1: Key Projects Scheduled for Completion by 2013
Table 12-1: Excise Duty for Tyre and Rubber Industry (%), FY 2012 & FY 2013