Winter Tire Market in India, Industry Outlook and Forecast 2024-2030

Winter tires are tires designed for use in colder weather, snow and ice. Winter tires have more sipes than summer tires, increasing traction on snow and ice. Tires designed for winter conditions are optimized to drive at temperatures below 7 °C (45 °F). They are an alternative to the use of snow chains.

Winter tires are usually tires with a different rubber composition from all-weather (all-season) tires. Cold-weather tires include a greater percentage of natural rubber and silica so there is not as much hardening as found in synthetic rubber in cold conditions: they provide better traction at lower temperatures. Winter tires provide more small-tread areas, increasing traction on snow and, in wet conditions, allowing water to escape from under the tire more easily. This reduces the risk of hydroplaning. Snow/winter tires start to perform better than summer or all-season tires if temperature falls below 7C (45F), as the rubber compounds in the latter harden resulting to decreasing grip even on dry pavement Interestingly one achieves maximum grip on packed snow if the slippage/wheel spinis 40-50%, i.e. one should turn off the traction control in most modern cars for maximum traction.

Studded tires with metal pins that protrude from the tire can greatly reduce skidding and accidents on snow or ice-covered roads. In much of Scandinavia, Canada, and the US, winter tires may have metal studs to improve grip on packed snow or ice, but such tires are prohibited in certain other jurisdictions because of the damage they cause to the road surface.

A tire is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Most tires, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.

The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.

This report contains market size and forecasts of Winter Tire in India, highlights the following information:

Sales of Winter Tire in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Winter Tire in India: Volume 2019 VS 2023 VS 2030, (K Units)

Sales of Winter Tire in India: Revenue Market Share by Company, 2019-2024

Sales of Winter Tire in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Winter Tire will continue to grow rapidly in the future.

The global Winter Tire market size was valued at 12450 million in 2023 and is forecast to a readjusted size of US$ 14320 million by 2030, with a CAGR of 2.0% during the forecast period 2024-2030.While the India Winter Tire market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Winter Tire's global value in 2030, from % in 2023.

Our research team has surveyed the Winter Tire manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Winter Tire Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)

India Winter Tire Market Segment Percentages, By Type, 2023 (%)

Studded

Studless

India Winter Tire Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)

India Winter Tire Market Segment Percentages, By Application, 2023 (%)

Passenger Tires

Light Truck/SUV Tires

Others

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Winter Tire revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Winter Tire sales in India market, 2019-2024 (Estimated), (K Units)

Further, the report presents profiles of competitors in the market, key players include:

Bridgestone

Michelin

Continental

Goodyear

Nokian Tyres

Hankook

Nizhnekamskshina

Pirelli

Cooper Tire

Yokohama

Toyo Tire

Kumho Tire

JSC Cordiant

Zhongce

GITI Tire

Triangle

Apollo

Cheng Shin

Nexen Tire