The import of new pneumatic tyres of rubber for motorcycles to India is projected to grow steadily from 41.99 million USD in 2024 to 49.383 million USD by 2028. In 2023, the import value stood at 40 million USD. From 2023 to 2028, forecasts suggest an upward trend with a Compound Annual Growth Rate (CAGR) of approximately 4.4%. Notably, the growth from 2024 to 2025 is projected at 4.5%, with a continued average annual increase. This progression indicates a consistent demand for motorcycle tyres.
Future trends to watch include:
- Potential fluctuations in global rubber prices affecting import values.
- Impact of increasing motorcycle sales in India driving tyre imports.
- Possible trade policy changes influencing import dynamics.
- Technological advancements in tyre manufacturing possibly altering the market landscape.
