The Electric Vehicle Tire Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.

What will be the market size of Electric Vehicle Tire market 2030?

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.

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Who are the top companies operating in the Electric Vehicle Tire market?

The report features prominent companies operating in the Electric Vehicle Tire market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in Electric Vehicle Tire market: 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 among others.

What is the key factor projected to fuel growth in the Electric Vehicle Tire Market between 2024 and 2030?

Rising Production of EVs Worldwide Uplifting the Requirement for Electric Vehicle Tires– In recent years, Greenhouse emissions have increased at an alarming rate due to the consistent increase in transportation activities & rapid industrialization. As per the International Energy Agency, in 2022, more global emissions reached approximately 8 Gt, an increase of about 250 Mt or about 3% compared to the previous year. These emissions contribute to global warming and air pollution, leading to adverse health effects and environmental degradation. Therefore, the official authorities across the globe are encouraging the adoption of sustainable transportation modes, including EVs. This, in turn, is resulting in the increased sales of EVs across the Globe, facilitating the requirement for EV-specific tires. Also, to cater to this growing demand for EVs, top companies are expanding their production units. For instance, in 2024, BYD announced to set up an EV manufacturing facility in Turkey. Similarly, other players are also ramping up the production of EVs, which would generate the demand for EV-specific tires directly from the original equipment manufacturers and contribute to enlarging the market size during the forthcoming years.

Electric Vehicle Tire Market - Segmentation Analysis

• 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, 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 

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How does the Electric Vehicle Tire Market vary across different geography?

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America would significantly contribute to the growth of the Electric Vehicle Tire Market during 2024-30. 

This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2025-2030) of the following segmentation and geography.

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Comprehensive Table of Contents – Electric Vehicle Tire Market Analysis and Forecast, 2030

1. Table 1: Introduction
2. Table 2: Executive Summary
3. Table 3: Market Regulations, Policies & Standards
4. Table 4: Electric Vehicle Tire Market Size, Share & Scope, 2020-2030F
5. Table 5: Market Trends & Developments
6. Table 6: Market Dynamics (Key Drivers, and Challenges)
7. Table 7: Market Hotspots & Opportunities
8. Table 8: Market Value Chain Analysis
9. Table 9: Market Outlook, 2020-2030F
10. Table 10: Market Size & Analysis by Revenues (USD Million): 
11. Table 11: Market Size & Forecast 2020–2030 by Segmentation
12. Table 12: Market Size & Forecast 2020–2030 by Geography
13. Table 13: Key Strategic Imperatives for Success & Growth
14. Table 14: Competitor Analysis of Electric Vehicle Tire Companies

Key Benefits for Industry Participants and Stakeholders

• Insight into emerging market trends and investment opportunities
• Understanding of regional market dynamics and competitive landscapes
• Data-driven forecasts to support strategic decision-making
• Access to industry benchmarks for performance evaluation
• Identification of potential risks and growth challenges

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