Global Electric Vehicle Tire

Global Electric Vehicle Tire Market Research Report: Forecast (2021-26)

By Type of Tire (Radial, Bias), By Vehicle Types (Passenger Car, Two-Wheeler & Three-Wheeler, Commercial Vehicle, others), By Price Category (Budget, Premium, Economy), By Demand Type (OEM, Replacemen Read more

  • Tire
  • Apr 2022
  • 198
  • TR33004

Market Definition

The concept of Electric Vehicles (EVs) came into the picture principally to address the rapidly increasing carbon emission levels & depleting fossil fuels. These vehicles are well-equipped with exceptional features as well as batteries that require minimal maintenance & do not impact the environment. Therefore, governments of different countries worldwide are making active efforts toward encouraging people to adopt EVs and, in turn, contribute to environmental sustainability.

As a result of the growing traction of EVs globally, the need for robust & reliable tires is rapidly surging. It, in turn, is instigating the leading players to introduce EV-compatible tires, which projects lucrative growth prospects for the global tire industry in the coming years. 

Market Insights

The Global Electric Vehicle Tire Market is projected to grow at around 7.5% CAGR during 2021-26. 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 the environmental conditions, there's a burgeoning need for fuel alternatives, which, in turn, is promulgating the EV adoption and encouraging the leading tire companies to manufacture EV-compatible tires.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 7.5%
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.
Unit Denominations USD Million/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.

Impact of Covid-19 on the Global Electric Vehicle Tire Market

The Covid-19 pandemic in 2020 had significant impacts on the automotive & tire industries, which introduced several unprecedented challenges for the Global Electric Vehicle Tire Market as well. Governments of different countries worldwide imposed lockdowns & stringent movement restrictions and suspended all business operations associated with the market to curb the spread of this dreadful disease.

Consequently, the leading players faced massive financial losses owing to supply chain disruptions, shortage of raw materials, delivery & production delays, & fluctuations in the price of raw materials & tires amidst the crisis.

Due to these factors, several market leaders had to temporarily halt the research & development activities associated with EV tires. To sustain themselves in the market, they adopted online platforms to sell their products via e-commerce websites and provide door-step delivery & installation to their customers. Later, with the decline in Covid-19 cases, lockdowns & other restrictions were uplifted, which enabled EV tire manufacturers to resume their usual business operations & cater to different end-user requirements.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Electric Vehicle Tire Market
  5. Global Electric Vehicle Tire (Tyre) Market Outlook, 2016-2026F
    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 26”
        7. 26.1” 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
  6. North America Electric Vehicle Tire (Tyre) Market Outlook, 2016-2026F
    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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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. South America Electric Vehicle Tire (Tyre) Market Outlook, 2016-2026F
    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, 2016-2026F
      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
  8. Europe Electric Vehicle Tire (Tyre) Market Outlook, 2016-2026F
    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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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
  9. Middle East & Africa Electric Vehicle Tire (Tyre) Market Outlook, 2016-2026F
    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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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
  10. Asia-Pacific Electric Vehicle Tire (Tyre) Market Outlook, 2016-2026F
    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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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, 2016-2026F
      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
  11. Global Tire (Tyre) Market of Electric Vehicles Government Regulations and Policies
  12. Global Electric Vehicle Tire (Tyre) Market Trends & Insights
  13. Global Electric Vehicle Tire (Tyre) Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  14. Global Electric Vehicle Tire (Tyre) Market Hotspot & Opportunities
  15. Global Electric Vehicle Tire (Tyre) Market Key Strategic Imperatives for Success & Growth
  16. 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
  17. Disclaimer
Global Electric Vehicle Tire Market Segmentation
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