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Electric Vehicle Tyre Market Size 2022 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2026
The Electric Vehicle Tyre Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Electric Vehicle Tyre Market Size is Projected to Reach at a CAGR of 19% during 2022-2026.
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Top Leading Companies:
Continental AG, Bridgestone, Pirelli & C. S.p.A., Goodyear Tire & Rubber Co., Hankook Tire & Technology Co. Ltd., Yokohama Rubber, Apollo Tyres, Michelin, Nokian Tyres, Cooper Tire & Rubber Company, Falken Tyr
Recent Development:
In March 2021, Michelin developed and improved tire technology in order to improve noise reduction in vehicle propulsion. To minimize road noise even more with a 20 per cent quieter composition, owing to custom-developed polyurethane foam that keeps the annoyances out of the cockpit. This tire technology produces no carbon emissions. Michelin's e Primacy and Pilot Sport EV tires, created for high-performance and sports electric automobiles, are aimed at addressing these specific difficulties of EV operations.
In May 2018, Falken, a Japanese tyre company, collaborated with Toyota to develop an electric vehicle-specific tire known as the 'Ecorun A-A,' so named because it is rated 'A' for wet performance and 'A' for efficiency.
Electric Vehicle Tyre Market Segmentation by Type:
Replacement Tyre
OE Tyre
Electric Vehicle Tyre Market Segmentation by Application:
Passenger Car
Commercial Vehicle
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North America Dominates the market:
North America is projected to be one of the most lucrative markets for EV tires. This is owing to the fact of high rate of adoption of EVs in this region.
The demand for automotive tires in the United States is being boosted by rising sales of electric vehicles and the development of technologically advanced autonomous vehicles. The country's tire business is growing due to changes in taxation policy and a movement in customer demand toward safer, more comfortable, and longer-lasting tires.
The market in the US is fiercely competitive, and major manufacturers are turning to inorganic techniques to boost their revenue generation and expand their market share. Strategic collaboration and mergers with vehicle manufacturers are examples of inorganic strategies.
Regional Electric Vehicle Tyre Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Electric Vehicle Tyre Market Report:
Detailed overview of Electric Vehicle Tyre Market
Changing the Electric Vehicle Tyre market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Electric Vehicle Tyre market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Electric Vehicle Tyre Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Electric Vehicle Tyre Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Electric Vehicle Tyre industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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