P A C K O N E

Loading

[email protected] +91 9820309141 +91 9619054497

Rubber & Tyre

Aluminium FoilBatteryCorrugationFilm ExtrusionFlexible PackagingHygieneLabelsNonwovenPaperRubber & TyreSheet ExtrusionTechnical TextilesTissueWoven Sacks

Global Industry Size:

The global tyre market size was valued at USD 244.3 billion in 2020 and is expected to reach USD 335.6 billion by 2027, growing at a CAGR of 4.3% during the forecast period.

India Industry Size:

The Indian tyre market size was valued at INR 60,000 crore (USD 8.5 billion) in 2020 and is expected to reach INR 1,20,000 crore (USD 17.1 billion) by 2027, growing at a CAGR of 8.5% during the forecast period.

Number of Players in India:

There are approximately 50-60 players in the Indian tyre industry, with a mix of large-scale manufacturers, small and medium-sized enterprises, and regional players.

Growth Rate:

The Indian tyre industry has been growing at a CAGR of 8-10% over the past few years, driven by increasing demand from the automotive, construction, and agriculture sectors.

Factors Causing the Industry to Thrive in India:

  • Growing demand for tyres from the automotive sector, particularly from electric vehicles.
  • Increasing infrastructure development and construction activities.
  • Rising demand for agricultural tyres due to mechanization of farming practices.
  • Growing middle-class population with increasing disposable income.
  • Government initiatives to promote Make in India and reduce dependence on imports.

Future Potential:

  • Some other trends and factors that may impact the industry include:
  • Increasing focus on sustainable and eco-friendly tyre solutions.
  • Growing demand for high-performance and specialty tyres.
  • Rising competition from international players and new entrants.
  • Government regulations and policies on environmental sustainability and safety standards.

Note: The data and figures mentioned above are approximate and sourced from various industry reports, research studies, and market analysis.

We offer below solutions to the Rubber & Tyre industry -

  • Expanding Shafts, Chucks, Safety Chucks from Svecom,
  • Knifeholder, Slitting system from DIENES,
  • Web Spreader Roller from Mink,
  • Brakes & Clutches, Material handling, Tension control from Renova.