The import of new pneumatic tires of rubber for buses or lorries to India is forecasted to grow steadily from 33.82 million kilograms in 2024 to 34.868 million kilograms by 2028. This trend reflects an incremental growth in import volumes, with a year-on-year increase of approximately 0.79% in 2025 and stabilizing to 0.73% by 2028. Compared to 2023, where imports stood at 33.50 million kilograms, the compounded annual growth rate (CAGR) over the forecast period from 2024 to 2028 is approximately 0.77%.
Future trends to watch for include:
- The impact of India's domestic production capabilities on import volumes.
- Changes in government policies regarding import duties and regulations.
- Technological advancements and shifts in consumer demand towards sustainable transport solutions.