As per MRFR analysis, the India Motorsport Products Market Size was estimated at 2.9 (USD Billion) in 2023. The India Motorsport Products Market Industry is expected to grow from 2.92 (USD Billion) in 2024 to 6.7 (USD Billion) by 2035. The India Motorsport Products Market CAGR (growth rate) is expected to be around 7.823% during the forecast period (2025 - 2035).
The India Motorsport Products Market is witnessing a rapid shift driven by the growing enthusiasm for motorsports among the youth and increasing disposable incomes. Urbanization and the expansion of the middle class in India have contributed significantly to increased participation in motorsports activities, which in turn fuels demand for high-quality motorsport products. Additionally, the Indian government's push to promote motorsport as a viable industry through initiatives and regulations has created a favorable environment for growth. Opportunities lie in the untapped potential of electric motorsport products as India gears up for a more sustainable future, aligning with the government's focus on clean energy and reducing carbon footprints.
The emergence of domestic events and championships in India has also led to a rise in local manufacturers and brands, providing a competitive edge to locally made products. Trends in recent times highlight the increasing popularity of adventure motorsport events alongside mainstream racing competitions. This shift not only caters to a broader audience but also encourages the development of specialized gear and products tailored to specific motorsport activities.
The younger generation is gravitating towards motorsports as a lifestyle choice, leading to an uptick in e-commerce platforms dedicated to motorsport gear, apparel, and accessories, leveraging digital marketing strategies effectively. The availability of a diverse range of products catering to various segments of motorsports is now expanding, further driving consumer interest. Overall, the India Motorsport Products Market stands on the cusp of significant transformation, shaped by consumer interests, government support, and evolving industry dynamics.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The India Motorsport Products Market Industry is witnessing a significant increase in public interest in motorsport events, which is driving market growth. With events like the Formula E race being hosted in India, participation in motorsport activities has surged. According to the FMSCI (Federation of Motor Sports Clubs of India), there has been a 60% increase in motorsport event attendance over the past five years.
This growing enthusiasm encourages both participants and spectators to invest in motorsport products, further enhancing the overall market.This level of engagement reflects the potential for a promising motorsport culture in India, supported by government initiatives to promote sports and tourism, particularly in states that host such events. Organizations such as the FMSCI actively contribute to the development and promotion of motorsports in the country, which positively influences the India Motorsport Products Market Industry.
Consumer expenditure on hobbies, such as motorsport, is on the rise as the Indian economy continues to expand, resulting in an increase in disposable incomes. According to media reports, the Indian middle class, which is expected to exceed 600 million by 2030, is increasingly inclined to invest in premium motorsport-related products and experiences. Manufacturers and retailers are being motivated to innovate and broaden their product lines in the India Motorsport Products Market Industry as a result of this trend. Hero MotoCorp and Bajaj Auto are leveraging this trend by introducing motorsport-derived products that are targeted at enthusiasts, thereby increasing the market's growth potential.
Government initiatives aimed at promoting motorsports in India are significantly driving the growth of the India Motorsport Products Market Industry. The Ministry of Youth Affairs and Sports has been actively supporting motorsport events and training programs. A government report indicated that motorsport tourism is expected to create around 50,000 jobs over the next few years, highlighting the industry's growth potential. This support not only boosts the participation of local talent but also creates a favorable environment for investment in motorsport products and services.Such backing has encouraged established brands to expand their presence within the market, leading to a more dynamic competitive landscape.
The India Motorsport Products Market is undergoing significant growth, particularly within the Racing Type segment, which encompasses various passionate motorsport forms like Rallying, Formula racing, Sport car racing, Touring car racing, Production car racing, and Stock car racing. Each of these forms contributes uniquely to the overall racing culture in India, capturing the interest of motorsport enthusiasts across the nation. Rallying has shown strong engagement among fans due to its adventurous and challenging nature, often showcasing the versatility of vehicles in diverse terrains, especially in regions such as Himachal Pradesh and Uttarakhand.
Formula racing, with its historical prestige and technological advancements, continues to attract an elite audience and investment, with prominent events enhancing India's status in global motorsport discussions. Sport car racing represents the fusion of performance and luxury, appealing to affluent demographics and fostering a market for high-performance automotive products while propelling vehicle manufacturers to innovate. Touring car racing remains popular for its community-friendly vibe and accessibility, contributing to grassroots motorsport.
Production car racing serves as a bridge between everyday drivers and competitive racing, allowing participants to utilize commercially available vehicles in a thrilling environment. Stock car racing has also carved its niche, gaining traction for its exciting formats and fan-friendly atmosphere, which helps promote local automotive brands. Each of these elements highlights the diversity and dynamism within the India Motorsport Products Market, driving market growth and attracting diverse sponsorship and manufacturing interests.
The increasing involvement of governmental bodies and local organizations in promoting motorsports is leading to better infrastructure and awareness, enhancing competitive ecosystems while addressing challenges such as accessibility and regulatory measures. The upcoming years promise to be transformative for these racing forms as they continue to burgeon under favorable conditions and passionate participation. Moreover, the market is experiencing a greater emphasis on sustainable practices and technological integration, pushing innovation and challenging the existing paradigms that govern motorsports.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The India Motorsport Products Market is experiencing dynamic growth, characterized by increasing consumer interest in motorsports and a rising number of motorsport events across the country. This sector encompasses a variety of products that contribute to the performance and safety of vehicles used in racing, including high-performance lubricants, tires, automotive parts, and apparel. As the motorsport culture continues to evolve, manufacturers and suppliers in this market are adapting their strategies to cater to the unique needs of enthusiasts and professional racers.
Competitive insights reveal that companies are not only focusing on enhancing product quality and innovation but also on establishing strategic partnerships effective distribution networks, and employing targeted marketing efforts to capture a larger share of this burgeoning market.Shell has established a strong presence in the India Motorsport Products Market, leveraging its reputation for high-quality lubricants and fuels designed specifically for motorsport applications. The company's extensive research and development capabilities enable it to create performance-focused products that help improve engine efficiency and provide enhanced protection under extreme racing conditions.
Shell's robust brand equity in India, alongside its strong distribution channels and strategic collaborations with local motorsport teams, positions it advantageously within the competitive landscape. The company's commitment to sustainability and innovation, as evidenced by its investment in advanced technology and eco-friendly products, further augments its standing among competitors. By continuously enhancing its product offerings and prioritizing customer engagement, Shell has effectively maintained a leadership role in the Indian motorsport sector.
TVS Motor Company, known as a leading two-wheeler manufacturer in India, holds a significant position in the India Motorsport Products Market primarily through its diverse range of motorcycles and scooters that cater to the motorsport audience. With a focus on performance-oriented models, TVS has successfully developed products tailored for racing enthusiasts. The company's portfolio includes high-performance bikes that participate in various racing events, showcasing their commitment to motorsports.
TVS has strengthened its market presence through several strategic collaborations, expanding into competitive racing leagues and engaging with local talent to enhance brand visibility. The company's strengths lie in its ability to innovate continuously, ensuring that its products meet the evolving needs of consumers. Additionally, recent mergers and acquisitions have allowed TVS to strengthen its technological capabilities and broaden its product offerings, thereby enhancing its competitive edge within the Indian market making it a formidable player among motorsport product manufacturers.
The India Motorsport Products Market has experienced significant developments recently. Shell has continued to enhance its involvement, particularly with the introduction of new lubricant products designed for high-performance vehicles. TVS Motor Company announced plans to expand its product lineup, focusing on electric two-wheelers, aligning with India's push for sustainable mobility. Mahindra Racing achieved notable milestones in the motorsport arena, participating in international races and increasing brand visibility.
CST Tyres solidified its market presence by securing partnerships with local motorsport events, while Castrol introduced advanced engine oils catering specifically to the needs of Indian motorsport enthusiasts. Royal Enfield unveiled its new range of bikes aimed at racers and adventure enthusiasts. MRF Tyres continues to be a key player, enhancing its offerings for competitive motorsports. In a significant development, Bajaj Auto announced its venture into electric vehicles, which reflects the shifting market dynamics. Furthermore, the FMSCI (Federation of Motor Sports Clubs of India) has been actively promoting motorsport events nurturing grassroots talent. Overall, these companies are contributing to a transformation in the Indian motorsport segment, responding to evolving consumer preferences and the growing demand for innovative and sustainable products.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.9 (USD Billion) |
| MARKET SIZE 2024 | 2.92 (USD Billion) |
| MARKET SIZE 2035 | 6.7 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.823% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Shell, TVS Motor Company, Mahindra Racing, CST Tyres, Castrol, Royal Enfield, MRF Tyres, Maxxis, Bajaj Auto, MotoGP, Pirelli, FMSCI, Hero MotoCorp, Apollo Tyres |
| SEGMENTS COVERED | Racing Type |
| KEY MARKET OPPORTUNITIES | Growing interest in motorsport events, Expanding aftermarket parts segment, Increasing youth participation in racing, Rising demand for electric motorsport vehicles, Development of local racing leagues |
| KEY MARKET DYNAMICS | Rising motorsport popularity, Growing youth engagement, Increased disposable income, Expanding retail networks, Government support initiatives |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Motorsport Products Market is expected to be valued at 2.92 USD Billion in 2024.
The market is anticipated to reach a valuation of 6.7 USD Billion by the year 2035.
The India Motorsport Products Market is expected to grow at a CAGR of 7.823 percent during the period from 2025 to 2035.
In 2024, the Formula racing segment is expected to have the largest share, valued at 0.76 USD Billion.
The Rallying segment is projected to be valued at 1.03 USD Billion by 2035.
Major players in the market include Shell, TVS Motor Company, Mahindra Racing, and Royal Enfield among others.
Potential challenges include regulatory hurdles and competition from alternative motorsport activities.
The Touring car racing segment is expected to be valued at 0.417 USD Billion in 2024.
Emerging opportunities lie in increased investment in motorsports and growing interest among youth.
Increased competition typically leads to innovation and better quality products, impacting the market positively.
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