Electric Car Tire Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

Electric Car Tire Market Overview

The global electric car tire market is poised for significant growth from 2025 to 2030, driven by the rapid adoption of electric vehicles (EVs) worldwide. With increasing environmental concerns and government policies promoting clean energy, the demand for electric vehicles is surging, directly influencing the tire market. Electric car tires are specifically designed to meet the unique requirements of EVs, such as higher load capacity, reduced rolling resistance, and enhanced durability. The market is expected to grow at a compound annual growth rate (CAGR) of 8.5%-10% during the forecast period.

Market Size and Share Analysis

The electric car tire market was valued at approximately $12.5 billion in 2025 and is projected to reach $18.7 billion by 2030. This growth is attributed to the increasing production of electric vehicles, which is expected to account for 25%-30% of total vehicle sales by 2025. The market is dominated by key players such as Goodyear, Michelin, Bridgestone, Continental, and Hankook, collectively holding a market share of 55%-60%.

By Product Type

The market is segmented into all-season tires, summer tires, and winter tires. All-season tires hold the largest market share, accounting for 45%-50% of total sales, due to their versatility and suitability for various weather conditions. Summer tires are expected to grow at a CAGR of 7%-8%, while winter tires are projected to grow at 6%-7%.

By Key Players

The competitive landscape includes major players such as Goodyear, Cooper, Continental, Michelin, Bridgestone, Sumitomo Rubber, Yokohama, Hankook, CST, Triangle Tyre, Linglong Tire, Qingdao Doublestar, Sailun Jinyu, CNRC, ZC Rubber, Qingdao Sentury, Shandong Boto, and Giti. Michelin and Bridgestone lead the market with a combined share of 30%-35%, followed by Continental and Goodyear.

By Process

The tire manufacturing process includes raw material procurement, tire design, production, and quality testing. The production segment accounts for 60%-65% of the total market value, driven by advancements in tire technology and automation.

By Application

The market is divided into OEM (Original Equipment Manufacturer) and aftermarket segments. The OEM segment holds a dominant share of 70%-75%, as tire manufacturers collaborate with EV producers to supply tires directly. The aftermarket segment is expected to grow at a CAGR of 9%-10%, driven by the increasing need for tire replacements and upgrades.

By End-Use

The end-use segment includes passenger cars, commercial vehicles, and two-wheelers. Passenger cars account for the largest share of 80%-85%, owing to the high adoption of electric passenger vehicles. The commercial vehicle segment is projected to grow at a CAGR of 8%-9%, fueled by the electrification of logistics and delivery fleets.

By Region

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific dominates the market with a share of 50%-55%, driven by the high demand for electric vehicles in China, Japan, and South Korea. Europe follows with a share of 25%-30%, supported by stringent emission regulations and government incentives. North America is expected to grow at a CAGR of 7%-8%, while Latin America and the Middle East & Africa are projected to grow at 5%-6% and 4%-5%, respectively.

Market Trends

The electric car tire market is witnessing several key trends:

• Sustainability: Tire manufacturers are focusing on eco-friendly materials and production processes to reduce carbon footprints.
• Technological Advancements: Innovations such as airless tires and smart tires with embedded sensors are gaining traction.
• Customization: Increasing demand for customized tires tailored to specific EV models and driving conditions.
• Partnerships: Collaborations between tire manufacturers and EV producers to develop specialized tires.

Market News on Policy and Companies

Government policies play a crucial role in shaping the electric car tire market. For instance, the European Union's Green Deal aims to achieve carbon neutrality by 2050, driving the adoption of electric vehicles and, consequently, electric car tires. In the U.S., the Inflation Reduction Act provides tax incentives for EV purchases, further boosting the market.

Key players are also making strategic moves to strengthen their market position. For example, Michelin recently announced a partnership with a leading EV manufacturer to develop high-performance tires for electric SUVs. Similarly, Bridgestone unveiled a new line of tires specifically designed for electric trucks, targeting the growing commercial vehicle segment.

Segment Forecasts (2025-2030)

The electric car tire market is expected to witness robust growth across all segments:

• Product Type: All-season tires will continue to dominate, with a projected CAGR of 8%-9%.
• Application: The OEM segment will grow at a CAGR of 7%-8%, while the aftermarket segment will grow at 9%-10%.
• End-Use: The passenger car segment will grow at 8%-9%, and the commercial vehicle segment will grow at 7%-8%.
• Region: Asia-Pacific will remain the largest market, growing at a CAGR of 9%-10%, followed by Europe at 7%-8%.

Conclusion

The electric car tire market is set to experience substantial growth from 2025 to 2030, driven by the increasing adoption of electric vehicles and advancements in tire technology. Key players are focusing on sustainability, innovation, and strategic partnerships to capitalize on this growing market. With supportive government policies and rising consumer demand, the electric car tire market presents significant opportunities for stakeholders across the value chain.