India Tyre Market Share, Size, Trends, Industry Analysis, Leading Players, Latest Insights and Forecast 2023-2028
According to the latest report by IMARC Group, titled “India Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The India tyre market size reached 188.9 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 225.6 Million Units by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028. Year Considered to Estimate the Market Size: Base Year of the Analysis: 2022 Historical Period: 2017-2022 Forecast Period: 2023-2028 India Tyre Market Overview: A tyre represents a circular and ring-shaped automotive component that contains the wheel rim and is filled with compressed air. It is manufactured by using natural or synthetic rubber, wire, silica, carbon black, steel, and other compounds. Tyres also increase the performance of the vehicle, improve mileage and passenger safety, reduce wear and tear, etc. Presently, they are commonly available in numerous sizes and variants depending on the type of automobile. Tires...