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India Tyre Industry Performance & Analysis of Future Outlook to 2027 Impact Assessment of COVID-19

India Tyre Industry Performance & Analysis of Future Outlook to 2027 Impact Assessment of COVID-19

  • April 2021
  • 66 pages
  • ID: 6068033
  • Format: PDF
  • Makreo Research and Consulting

Summary

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India is among the most competitive automobile markets in terms of production and in 2019, country surpassed Germany to become fourth largest automobile exporter in the world. In FY 2020 total exports of automobile form India recorded growth of 2.95%.

In last 5 years Tyre exports in India have increased by 8% from INR 8825 crore in FY2015-16 to INR 12,840 Crore in FY19-20. Indian Tyres are mainly imported from the U.S and European countries. In FY20 total exports from India accounted for INR 12,840 crore compared to INR 12,890 crore from the previous year.

Auto-component aftermarket segment remained positive even during FY2021 however its growth slowed in the first quarter of the year owing to movement control order and restriction on public transports.

Tyre industry holds vital place in Indian economy that contributes around 0.5% of the total GDP while in terms of manufacturing GDP its contribution is 3%. Future of tyre industry is optimistic considering rising demand of self owned vehicles mainly two wheelers therefore investments in the sector are expected to grow. The industry has emerged into a V-shaped recovery in automobile sector during the third quarter of 2020 nonetheless the situation is expected to be challenging after the nation hit by the second wave of coronavirus in March 2021 with M&HCV segment continued to face the heat in the next six months.

The report titled " India Tyre Industry Performance & Analysis of Future Outlook to 2027 Impact Assessment of COVID-19" discuss market past performance and future outlook in detail covering all major independent factors such as Automobile production, exports, imports, cost of raw material, and performance of automobile industry. The industry is segmented into OEM and Replacement, and by type of vehicles such as MHCV, LCV, PV, 2/3 Wheelers and others. Major M&A have also been discussed in the report to highlight recent shifts happening in the market and strategic moves taken by the market players .

Key Players Discusses in the Report:

MRF Tyres, Apollo Tyres, Bridgestone, CEAT tyres, JK Tyre & Industries, Goodyear India

Key Questions Answered:

The report gives detailed analysis of the Tyre industry in India covering past performance of the industry and present scenario, it also gives an overview about the future of the industry in presence of both driving forces and challenges.

An overview of COVID-19 spread in the country has been covered that will help the reader to gain insight of the present situation of the country.

The report help to assess the impact of internal and external factors over the present as well as the future market performance.

Report discusses market by segments including demand based on End User (Replacement & OEM), market revenue by type of vehicles and market performance basis raw material cost. These factors will help the reader to gain insights of all major areas of the market.

Independent factors have also been studied that leave both direct and indirect impact over the industry performance. 

Report helps to gain insights on shift happed after the virus outbreak and future expected performance considering major players performance using bottom up approach.

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