Executive Summary
Market Performance
India is among the most competitive automobile markets in terms of production and in 2019, the country surpassed Germany to become the fourth largest automobile exporter in the world. In FY 2020 total exports of automobiles from India recorded a growth of 2.95%.
In the 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 orders and restrictions on public transport.
Contribution to Economy
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 the 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 continuing to face the heat in the next six months.
Scope of the Study
The report titled " India Tyre Industry Performance & Analysis of Future Outlook to 2027 - Impact Assessment of COVID-19" published by Makreo Research And Consulting Firm discusses market's 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 has 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:
Table of Content
1. Research Methodology
Objective of the Study
Research Process
2. Country Overview - EPTD Analysis
EPTD Analysis
EPTD Analysis- Economy Overview
EPTD Analysis- Political Overview
EPTD Analysis- Technological and Demographic Overview
Demographic Profile
3. COVID-19 & Impact
COVID-19 Spread in India
Number of Active cases of coronavirus (COVID-19) in India
Impact of COVID-19 Over Economy
4. India Trade Performance
India Trade Scenario 2020 (MoM)
Export Facts- India Tyre Industry
Import Facts- India Tyre Industry
5. Cost Structure & Raw Material Cost Trend
India Tyre Industry- Cost Structure
Cost Structure – Raw Material Consumption
International Rubber Prices
Brent Crude Oil – Price
6. India Automobile Industry
India Automobile Industry – An Overview
India Auto-component Industry – An Overview
7. India Tyre Industry Performance & Outlook
India Tyre Industry – Performance
India Tyre Industry Production Volume
India Tyre Industry – Historic and Present Performance
India Tyre Industry Segmentation – By End User
India Tyre Industry Segmentation – By Type of Vehicles
8. India Tyre Industry Future Outlook
India Tyre Industry Future Outlook – Key Highlights
India Tyre Industry Future Outlook – Market Performance
India Tyre Industry Future Outlook – Revenue Forecast
9. Market Dynamics
Market Trends & Developments
Industry Key Challenges
Growth Opportunities
10. Mergers & Acquisitions
India Tyre Industry- Major Acquisitions & Alliances
Mergers & Acquisitions
11. Competitive Landscape & Company Profile
India Tyre Industry – Competitive Landscape
Company Profile – MRF Tyre
Company Profile – Apollo Tyres Co. Ltd.
Company Profile – Bridgestone India Private Limited
Company Profile – CEAT Tyres
Company Profile – Goodyear Tire & Rubber Company
Company Profile – TVS Eurogrip- (TVS Tyres)