Global Electric Vehicle Specific Tires Market Forecast To 2030 - Covid-19 Impact And Global Analysis - By Type; Technology And Distribution Channel

Market Overview:

The Electric Vehicle Specific Tires Market Is Expected to Grow at A Significant Growth Rate Over the Forecast Period 2023-2030, Considering Base Year As 2022.

The use of electric vehicle tires offers consumers a smoother driving experience while also minimizing the impact on road surfaces. These factors are expected to drive the growth of electric vehicle tire sales in the forecast period. Additionally, the lower overall maintenance costs associated with electric vehicles contribute to the market preference for these vehicles. Electric vehicle tires are well-suited to the advanced technologies used in vehicle operation, further promoting their adoption. The lower servicing costs of electric vehicles during the forecast period also attract consumers, allowing them to allocate a larger portion of their disposable income for future use.

Key Players For The Global Electric Vehicle Specific Tires Market

Falken tire, Michelin, Nokian Tyre, Cooper Tyre and Rubber Company, Apollo tyre, Pirelli and co. Bridgestone, Continental AG, Yokohama rubber, Goodyear tyre and rubber company and other key players.

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Market Dynamics:

Driver:

The specific requirements of Electric Vehicles (EVs) have created a need for specialized tires, which in turn drives the market. EVs have unique characteristics such as instant torque delivery and regenerative braking, which place different demands on tires compared to conventional internal combustion engine vehicles. They are also engineered to provide optimal traction and handling performance to accommodate the specific power delivery and weight distribution of EVs. The increasing adoption of EVs worldwide has resulted in a growing demand for these specialized tires, leading to market growth in the EV tire segment.

Opportunities:

The passenger vehicles segment exhibits promising growth prospects, presenting a significant opportunity for the Electric Vehicle Specific Tires Market. There is a corresponding demand for tires that are specifically designed to meet the unique requirements of these vehicles. The growing popularity of electric passenger vehicles worldwide is driving the need for specialized tires, which in turn stimulates the market for electric vehicle-specific tires. Manufacturers in this market segment have the opportunity to cater to the increasing demand and offer innovative tire solutions that cater to the specific needs of electric passenger vehicles.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type:

•Passenger Vehicles
•Commercial Vehicles
•Two wheelers

By Technology:

•Radial
•Bias
•Composite

By Distribution Channel:

•Aftermarket
•OEM

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By Region:

•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA)

Key Industry Developments In The Electric Vehicle Specific Tires Market

March 2021, Michelin launched the production of a developed tire type aimed at reducing noise during propulsion. In comparison to the previous state, this change was nearly 20%. As a result, the user and consumer can enjoy a more peaceful environment. It produces the fewest carbon emissions possible during its daily operation. Its sport EV tires and e Primacy have been designed to provide consumers with a seamless experience when driving the vehicle in real life.

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Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Technology
 3.3 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Electric Vehicle Specific Tires Market by Type
 5.1 Electric Vehicle Specific Tires Market Overview Snapshot and Growth Engine
 5.2 Electric Vehicle Specific Tires Market Overview
 5.3 Passenger Vehicles
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Passenger Vehicles: Geographic Segmentation
 5.4 Commercial Vehicles
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Commercial Vehicles: Geographic Segmentation
 5.5 Two wheelers
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Two wheelers: Geographic Segmentation

Chapter 6: Electric Vehicle Specific Tires Market by Technology

Continued….

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