Global EV Tire Market Growth 2023-2029

Global EV Tire Market Growth 2023-2029

EVs are known for being very quiet vehicles, and EV-specific Tires are designed to minimize road noise. Using a standard tire on an EV might result in a louder in-cabin experience than if you used the same tire on a gas-powered car, where tire noise would be masked by engine and wind noise.

LPI (LP Information)' newest research report, the “EV Tire Industry Forecast” looks at past sales and reviews total world EV Tire sales in 2022, providing a comprehensive analysis by region and market sector of projected EV Tire sales for 2023 through 2029. With EV Tire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EV Tire industry.

This Insight Report provides a comprehensive analysis of the global EV Tire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EV Tire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global EV Tire market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EV Tire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EV Tire.

The global EV Tire market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for EV Tire is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for EV Tire is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for EV Tire is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key EV Tire players cover Apollo Tyres, Bridgestone, Continental AG, Cooper Tire & Rubber Company, Falken Tyre, Nokian Tyres, Michelin, Pirelli & C. S.p.A. and Goodyear Tire & Rubber Co., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of EV Tire market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Radial Tires
Bias Tires
Composite Tires
Others

Segmentation by application
OEM
E-commerce
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Apollo Tyres
Bridgestone
Continental AG
Cooper Tire & Rubber Company
Falken Tyre
Nokian Tyres
Michelin
Pirelli & C. S.p.A.
Goodyear Tire & Rubber Co.
Yokohama Rubber Co. Ltd.
Hankook Tire & Technology Co. Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global EV Tire market?

What factors are driving EV Tire market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do EV Tire market opportunities vary by end market size?

How does EV Tire break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.