Indian Tyre Industry Analysis
India has emerged as one of the world’s most competitive tyre markets due to vast availability of raw material (natural rubber) and ultramodern production facilities. However the FY 2009 was a quite disturbing period for the industry as the tyre demand-supply was severely hit by the recession. However, the effects did not last long and the industry posted a remarkable growth in FY 2010.
According to our research report “Indian Tyre Industry Analysis”, the Indian tyre market has attracted global manufacturers on account of encouraging growth figures. These manufacturers are expected to invest huge amounts into the industry over the next few years, with a major proportion of this investment directed towards the Truck & Bus (T&B) radial tyre capacity expansion.
As per the study, several greenfield plants are in pipeline to include new capacities. The implementation of brown-field projects is executed to cater to the growing demand. Greenfield units are expected to go on-stream in the coming years, just by the time when there will be an urgent need to bridge an increasing demand-supply gap in T&B radial tyre segment.
India is known to be an appetizer of invention and implements new technologies and products, and tyre industry is no exception to this. The concept of ‘green tyres’ is becoming a paradigm of the country’s competitive edge. This new category of tyres is now being widely accepted in India, and it is expected that in the coming years, the demand for green tyres will outperform the overall passenger tyre demand in the country.
India’s market for radial tyres in commercial vehicles section is still an infant. The passenger car segment switched to radial tyres in a short period of time, with radial tyre penetration level for the category reaching 98%. Besides, the penetration level of radial tyre has also started to increase rapidly in the light commercial vehicles and truck & bus segment. This segment will be the largest growth area over the next few years.
The report evaluates the future growth potential of India’s tyre industry, and provides statistics and information on market structure, tyre production by segments, exports and imports trends. Tyre market projections, in value terms, have been provided for all prominent segments, including passenger cars, utility vehicles and multi-purpose vehicles. This will provide clients with cutting edge market intelligence and help them make sound investment decisions.
According to our research report “Indian Tyre Industry Analysis”, the Indian tyre market has attracted global manufacturers on account of encouraging growth figures. These manufacturers are expected to invest huge amounts into the industry over the next few years, with a major proportion of this investment directed towards the Truck & Bus (T&B) radial tyre capacity expansion.
As per the study, several greenfield plants are in pipeline to include new capacities. The implementation of brown-field projects is executed to cater to the growing demand. Greenfield units are expected to go on-stream in the coming years, just by the time when there will be an urgent need to bridge an increasing demand-supply gap in T&B radial tyre segment.
India is known to be an appetizer of invention and implements new technologies and products, and tyre industry is no exception to this. The concept of ‘green tyres’ is becoming a paradigm of the country’s competitive edge. This new category of tyres is now being widely accepted in India, and it is expected that in the coming years, the demand for green tyres will outperform the overall passenger tyre demand in the country.
India’s market for radial tyres in commercial vehicles section is still an infant. The passenger car segment switched to radial tyres in a short period of time, with radial tyre penetration level for the category reaching 98%. Besides, the penetration level of radial tyre has also started to increase rapidly in the light commercial vehicles and truck & bus segment. This segment will be the largest growth area over the next few years.
The report evaluates the future growth potential of India’s tyre industry, and provides statistics and information on market structure, tyre production by segments, exports and imports trends. Tyre market projections, in value terms, have been provided for all prominent segments, including passenger cars, utility vehicles and multi-purpose vehicles. This will provide clients with cutting edge market intelligence and help them make sound investment decisions.
1. ANALYST VIEW
2. RESEARCH METHODOLOGY
3. EMERGING MARKET TRENDS
3.1 Increasing Radialization in CV Segment to Amplify Revenues
3.2 Price Hikes to Maintain Operating Margins
3.3 New Capacity Additions Favoring Radial Tyre
3.4 Advent of Green Tyres
4. INDUSTRY OVERVIEW AND OUTLOOK BY 2014
4.1 Market Structure
4.2 Production
4.2.1 By Segment
4.3 Demand Potential
4.3.1 Passenger Cars
4.3.2 Utility Vehicles
4.3.3 Multi-Purpose Vehicles
4.3.4 Commercial Passenger Carriers
4.3.5 Commercial Goods Carriers
4.4 Export Scenario
4.4.1 By Segment
4.4.2 By Type
4.4.3 By Country
4.5 Import Scenario
4.5.1 By Segment
4.5.2 By Type
4.5.3 By Country
5. RADIAL TYRE INDUSTRY
6. TUBELESS TYRE INDUSTRY
7. TYRE RETREADING ANALYSIS
8. FUTURE PROJECTS IN TYRE INDUSTRY
9. IMPORT PROCEDURE FOR RAW MATERIAL AND TYRES
10. IMPACT OF RUBBER PRICE ON INDUSTRY
11. REGULATORY ENVIRONMENT ANALYSIS
12. COMPETITIVE LANDSCAPE ANALYSIS
12.1 MRF
12.1.1 Business Description
12.1.2 Recent Developments
12.2 CEAT
12.2.1 Business Description
12.2.2 Recent Developments
12.3 JK Tyres
12.3.1 Business Description
12.3.2 Recent Developments
12.4 Apollo Tyres
12.4.1 Business Description
12.4.2 Recent Developments
12.5 Goodyear
12.5.1 Business Description
12.5.2 Recent Developments
12.6 Michelin
12.6.1 Business Description
12.6.2 Recent Developments
2. RESEARCH METHODOLOGY
3. EMERGING MARKET TRENDS
3.1 Increasing Radialization in CV Segment to Amplify Revenues
3.2 Price Hikes to Maintain Operating Margins
3.3 New Capacity Additions Favoring Radial Tyre
3.4 Advent of Green Tyres
4. INDUSTRY OVERVIEW AND OUTLOOK BY 2014
4.1 Market Structure
4.2 Production
4.2.1 By Segment
4.3 Demand Potential
4.3.1 Passenger Cars
4.3.2 Utility Vehicles
4.3.3 Multi-Purpose Vehicles
4.3.4 Commercial Passenger Carriers
4.3.5 Commercial Goods Carriers
4.4 Export Scenario
4.4.1 By Segment
4.4.2 By Type
4.4.3 By Country
4.5 Import Scenario
4.5.1 By Segment
4.5.2 By Type
4.5.3 By Country
5. RADIAL TYRE INDUSTRY
6. TUBELESS TYRE INDUSTRY
7. TYRE RETREADING ANALYSIS
8. FUTURE PROJECTS IN TYRE INDUSTRY
9. IMPORT PROCEDURE FOR RAW MATERIAL AND TYRES
10. IMPACT OF RUBBER PRICE ON INDUSTRY
11. REGULATORY ENVIRONMENT ANALYSIS
12. COMPETITIVE LANDSCAPE ANALYSIS
12.1 MRF
12.1.1 Business Description
12.1.2 Recent Developments
12.2 CEAT
12.2.1 Business Description
12.2.2 Recent Developments
12.3 JK Tyres
12.3.1 Business Description
12.3.2 Recent Developments
12.4 Apollo Tyres
12.4.1 Business Description
12.4.2 Recent Developments
12.5 Goodyear
12.5.1 Business Description
12.5.2 Recent Developments
12.6 Michelin
12.6.1 Business Description
12.6.2 Recent Developments
LIST OF FIGURES
Figure 4-1: Tyre Production (Million Units), FY 2010 to FY 2014
Figure 4-2: Passenger Cars Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-3: Share of OEM’s in Passenger Cars Tyres Market (FY 2011)
Figure 4-4: Utility Vehicles Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-5: Share of OEM’s in Utility Vehicles Tyres Market (FY 2011)
Figure 4-6: Multipurpose Vehicles Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-7: Share of OEM’s in Multipurpose Vehicles Tyres Market (FY 2011)
Figure 4-8: Commercial Passenger Carriers Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-9: Share of OEMs in Commercial Passenger Carriers Tyres Market (FY 2011)
Figure 4-10: Commercial Goods Carriers Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-11: Share of OEM’s in Commercial Goods Carriers Tyres Market (FY 2011)
Figure 4-12: Tyres Export (Million Units), FY 2008 to FY 2011
Figure 4-13: Tyres Export (Billion INR), FY 2008 to FY 2011
Figure 4-14: Share of Radial Tyres in Passenger Vehicles Tyres Export (FY 2011)
Figure 4-15: Tyres Export by Country (%), FY 2011
Figure 4-16: Tyres Import (Million Units), FY 2008 to FY 2011
Figure 4-17: Tyres Import (Billion INR), FY 2008 to FY 2011
Figure 4-18: Share of Radial Tyres in Passenger Vehicles Tyres Import (FY 2011)
Figure 4-19: Tyres Import by Country (%), FY 2011
Figure 5-1: Radial Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 5-2: Share of Various Segments in Radial Tyre Market (FY 2011)
Figure 5-3: Radialization by Category (%), FY 2005 to FY 2012
Figure 6-1: Tubeless Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 10-1: Cost Breakup of Raw Material Usage in Tyre Industry (%), FY 2011
Figure 10-2: Natural Rubber (ISNR 20) Average Monthly Price (INR/Kg), 2008-2010
Figure 12-1: Market Share of Players in Truck & Bus Tyres (FY 2010)
Figure 12-2: Market Share of Players in Light Truck Tyres (FY 2010)
Figure 12-3: Market Share of Players in Passenger Cars Tyres (FY 2010)
Figure 4-1: Tyre Production (Million Units), FY 2010 to FY 2014
Figure 4-2: Passenger Cars Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-3: Share of OEM’s in Passenger Cars Tyres Market (FY 2011)
Figure 4-4: Utility Vehicles Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-5: Share of OEM’s in Utility Vehicles Tyres Market (FY 2011)
Figure 4-6: Multipurpose Vehicles Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-7: Share of OEM’s in Multipurpose Vehicles Tyres Market (FY 2011)
Figure 4-8: Commercial Passenger Carriers Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-9: Share of OEMs in Commercial Passenger Carriers Tyres Market (FY 2011)
Figure 4-10: Commercial Goods Carriers Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 4-11: Share of OEM’s in Commercial Goods Carriers Tyres Market (FY 2011)
Figure 4-12: Tyres Export (Million Units), FY 2008 to FY 2011
Figure 4-13: Tyres Export (Billion INR), FY 2008 to FY 2011
Figure 4-14: Share of Radial Tyres in Passenger Vehicles Tyres Export (FY 2011)
Figure 4-15: Tyres Export by Country (%), FY 2011
Figure 4-16: Tyres Import (Million Units), FY 2008 to FY 2011
Figure 4-17: Tyres Import (Billion INR), FY 2008 to FY 2011
Figure 4-18: Share of Radial Tyres in Passenger Vehicles Tyres Import (FY 2011)
Figure 4-19: Tyres Import by Country (%), FY 2011
Figure 5-1: Radial Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 5-2: Share of Various Segments in Radial Tyre Market (FY 2011)
Figure 5-3: Radialization by Category (%), FY 2005 to FY 2012
Figure 6-1: Tubeless Tyres Market (Billion INR), FY 2010 to FY 2014
Figure 10-1: Cost Breakup of Raw Material Usage in Tyre Industry (%), FY 2011
Figure 10-2: Natural Rubber (ISNR 20) Average Monthly Price (INR/Kg), 2008-2010
Figure 12-1: Market Share of Players in Truck & Bus Tyres (FY 2010)
Figure 12-2: Market Share of Players in Light Truck Tyres (FY 2010)
Figure 12-3: Market Share of Players in Passenger Cars Tyres (FY 2010)
LIST OF TABLES
Table 3-1: Truck and Bus Radial Capacity Addition by Players (Million Units), 2009-2012
Table 4-1: Tyre Production by Category (Million Units), FY 2010 & FY 2011
Table 4-2: Tyres Export by Category (Units), FY 2010 & FY 2011
Table 4-3: Tyres Import by Major Category (‘000 Units), FY 2010 & FY 2011
Table 8-1: Key Projects Scheduled for Completion by FY 2013
Table 11-1: Trade Duty Structure for Tyre Industry
Table 3-1: Truck and Bus Radial Capacity Addition by Players (Million Units), 2009-2012
Table 4-1: Tyre Production by Category (Million Units), FY 2010 & FY 2011
Table 4-2: Tyres Export by Category (Units), FY 2010 & FY 2011
Table 4-3: Tyres Import by Major Category (‘000 Units), FY 2010 & FY 2011
Table 8-1: Key Projects Scheduled for Completion by FY 2013
Table 11-1: Trade Duty Structure for Tyre Industry
