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Global Electric Vehicle Tire Market Research Report: Forecast (2024-2030)

Electric Vehicle (EV) Tire Market - By Type of Tire (Radial, Bias), By Vehicle Types (Passenger Car, Two-Wheeler & Three-Wheeler, Commercial Vehicle, others), By Price Category (Bu......dget, Premium, Economy), By Demand Type (OEM, Replacement), By Sales Channel (Direct Sales, Online, Dealers/ Exclusive Outlets), By Rim Diameter (Up to 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), and others Read more

Tire
Aug 2024
Pages 198
Report Format: PDF, Excel, PPT

Market Insights & Analysis: Global Electric Vehicle Tire Market (2024-30):

The Global Electric Vehicle Tire Market size was valued at USD 3.1 Billion in 2023 and is projected to reach USD 13.4 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18.7% during the forecast period, i.e., 2024-30. The growth of the market is likely to be fueled by the growing adoption of EVs across different countries worldwide on account of the various government initiatives for reducing the alarming carbon emission levels. Since fossil fuels are becoming a prominent cause of air pollution and are deteriorating environmental conditions, there's a burgeoning need for fuel alternatives, which, in turn, is promulgating EV adoption and encouraging the leading tire companies to manufacture EV-compatible tires.

Moreover, the increasing sophistication and diversity of electric vehicle models, including electric cars, buses, trucks, and two-wheelers, are widening the scope of the EV tire market, necessitating a diverse range of tire sizes, tread patterns, and load-bearing capacities to accommodate different vehicle types and driving conditions. Additionally, the automotive industry's ongoing efforts to develop next-generation electric vehicles with higher performance capabilities, longer battery life, and improved safety features drive demand for high-performance EV tires that deliver superior traction, handling, and durability.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR(2024-2030)	18.7%
Regions Covered	North America: USA, Canada, Mexico
	Europe: Germany, The UK, France, Italy, Spain, Others
	Asia-Pacific: China, India, Japan South Korea, Australia Others
	South America: Brazil, Other
	Middle East & Africa: UAE, Saudi Arabia, South Africa Others
Key Companies Profiled	Continental AG, Bridgestone Corporation, Yokohama Rubber Company Ltd., Hankook Tire & Technology Group, The Goodyear Tire & Rubber Company, Michelin Group, Kumho Tire Company Inc., Pirelli & C. S.p.A, Toyo Tire Corporation, GITI Tire etc.
Market Value (2023)	USD 3.1 Billion

Besides, as heavy batteries used in EVs increase their overall vehicle weight & put extra strain on tires, it is crucial to deploy tires with such load-carrying capacities that promote the overall vehicle performance. Moreover, growing consumer awareness about the various benefits of EV tires like lower rolling resistance, enhanced durability, improved tread patterns, & enhanced load capacity is playing a crucial role in driving their demand worldwide. Furthermore, other capabilities like greater average vehicle life, longer range, low maintenance, & high safety, among others, are also contributing to the notably expanding Electric Vehicle Tire Market.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Preface
Executive Summary
Impact of COVID-19 on Global Electric Vehicle Tire Market
Global Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Type of Tire
    1. Radial
    2. Bias
  2. By Vehicle Type
    1. Passenger Car
    2. Two Wheeler & Three Wheeler
    3. Commercial Vehicle
    4. Others
  3. By Price Category
    1. Budget
    2. Premium
    3. Economy
  4. By Distribution Channel
    1. OEM
    2. Aftermarket
  5. By Sales Channel
    1. Direct Sales
    2. Online
    3. Dealers/ Exclusive Outlets
  6. By Rim Diameter
    1. Up to 12”
    2. 12.1” to 15”
    3. 15.1.” to 18”
    4. 18.1” to 20”
    5. 20.1” to 22.5”
    6. 22.6” to 30”
    7. 30.1” to 35”
    8. 35.1” to 47”
    9. Above 47”
  7. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  8. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
    3. Competitive Metrix
North America Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Type of Tire
  2. By Vehicle Type
  3. By Price Category
  4. By Distribution Channel
  5. By Sales Channel
  6. By Rim Diameter
  7. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
4. Canada Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
5. Mexico Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
South America Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Type of Tire
  2. By Vehicle Type
  3. By Price Category
  4. By Distribution Channel
  5. By Sales Channel
  6. By Rim Diameter
  7. By Country
    1. Brazil
    2. Others
3. Brazil Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
Europe Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Type of Tire
  2. By Vehicle Type
  3. By Price Category
  4. By Distribution Channel
  5. By Sales Channel
  6. By Rim Diameter
  7. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Others
3. Germany Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
4. The UK Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
5. France Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
6. Italy Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
7. Spain Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
Middle East & Africa Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Type of Tire
  2. By Vehicle Type
  3. By Price Category
  4. By Distribution Channel
  5. By Sales Channel
  6. By Rim Diameter
  7. By Country
    1. UAE
    2. Saudi Arabia
    3. South Africa
    4. Others
3. UAE Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
4. Saudi Arabia Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
5. South Africa Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
Asia-Pacific Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. Market Revenues
  2. Unit Sold
2. Market Share & Analysis
  1. By Type of Tire
  2. By Vehicle Type
  3. By Price Category
  4. By Distribution Channel
  5. By Sales Channel
  6. By Rim Diameter
  7. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Others
3. China Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
4. India Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
5. Japan Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
6. South Korea Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
7. Australia Electric Vehicle Tire (Tyre) Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. Market Revenues
    2. Unit Sold
  2. Market Share & Analysis
    1. By Type of Tire
    2. By Vehicle Type
    3. By Price Category
    4. By Distribution Channel
    5. By Sales Channel
    6. By Rim Diameter
Global Tire (Tyre) Market of Electric Vehicles Government Regulations and Policies
Global Electric Vehicle Tire (Tyre) Market Trends & Insights
Global Electric Vehicle Tire (Tyre) Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Global Electric Vehicle Tire (Tyre) Market Hotspot & Opportunities
Global Electric Vehicle Tire (Tyre) Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Target Markets
  2. Research & Development
  3. Collaborations & Strategic Alliances
  4. Key Business Expansion Initiatives
  5. Business Restructuring- Mergers, Acquisitions, JVs
  6. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans
  1. Continental AG
  2. Bridgestone Corporation
  3. Yokohama Rubber Company Ltd.
  4. Hankook Tire & Technology Group
  5. The Goodyear Tire & Rubber Company
  6. Michelin Group
  7. Kumho Tire Company Inc.
  8. Pirelli & C. S.p.A
  9. Toyo Tire Corporation
  10. GITI Tire
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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