In 2023, the import of new pneumatic tyres of rubber for bicycles to India stood at 542.0 thousand units. Forecasted data shows a gradual increase in imports from 2024 through 2028, with values rising from 548.17 thousand units in 2024 to 571.93 thousand units in 2028. The year-on-year growth rate is approximately 1-1.5% annually. Over this forecast period, the Compound Annual Growth Rate (CAGR) indicates an average annual increase, reflecting steady growth in the demand for bicycle tyres.

Future trends to watch for:

Increasing popularity of cycling as a fitness activity and eco-friendly transportation may boost import demand.
Government initiatives supporting cycling infrastructure could further augment market growth.
Technological advancements in tyre durability and efficiency may influence import preferences.
Volatile international trade policies could affect import volumes significantly.