The import of new pneumatic tyres of rubber for motorcycles to India is forecasted to increase from 5.7955 million kilograms in 2024 to 6.7424 million kilograms in 2028. This represents a compound annual growth rate (CAGR) over the period. In 2023, the imports stood at 5.573 million kilograms, indicating a consistent year-on-year growth. From 2024 to 2025, the forecasted percentage increase is approximately 4.21%. From 2025 to 2026, it is projected at 3.96%. As we approach 2027 and 2028, the growth rates are expected to slightly decelerate but maintain positive momentum.
Future trends to watch include shifts in consumer preferences towards electric vehicles, which may affect the demand for specific tyre types. Additionally, changes in trade policies and domestic manufacturing capabilities could influence import volumes. Monitoring technological advancements in tyre technology and the impact of sustainability initiatives will also be crucial for understanding future market dynamics.
