openPR Logo
Press release

EV Tires Market Key Players, Market Analysis, Share, Trends And Forecast To 2033

05-22-2024 07:41 AM CET | Logistics & Transport

Press release from: The Business Research Company

EV Tires Market

EV Tires Market

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

EV Tires Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $26.2 billion In 2028 At A CAGR Of 8.7% :

The EV tires market size has grown rapidly in recent years. It will grow from $17.02 billion in 2023 to $18.78 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to rise in electric vehicle adoption, government incentives and regulations, environmental concerns and sustainability, improved energy efficiency.

The EV tires market size is expected to see strong growth in the next few years. It will grow to $26.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing EV market penetration, enhanced range requirements, government policies and incentives, expansion of electric vehicle models. Major trends in the forecast period include increased focus on sustainability, advancements in tire technology, rise of smart tires, improved range and efficiency, winter-ready EV tires.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14102&type=smp

EV Tires Market Major Segments
The EV tires market covered in this report is segmented -

1) By Product Type: Radial Tires, Bias Tires, Composite Tires, Other Products
2) By Vehicle Type: Passenger Cars, Two Wheelers and Three Wheelers, Commercial Vehicles
3) By Distribution Channel: Original Equipment, Aftermarket

Key Driver - Impact Of Electric Vehicle Growth On EV Tires Market

The increasing demand for electric vehicles is expected to propel the growth of the EV tires market going forward. Electric vehicles (EVs) are automobiles that are powered primarily or entirely by electricity stored in rechargeable batteries. Electric vehicle (EV) tires are used in electric vehicles to enhance the efficiency, performance, and safety of electric vehicles, contributing to the overall success and widespread adoption of electric transportation. For instance, in January 2022, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 from 3 million in 2020, representing almost 9% of total sales, and increased by 4 percentage points in 2021 as well, bringing the total number of electric vehicles on the road to 16.5 million. Therefore, the increasing demand for electric vehicles is driving the growth of the EV tires market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14102&type=smp

Prominent Trend - Innovative EV Tires With ENLITEN Technology Drive Market Competition

Major companies operating in the EV tire market are focused on introducing innovative EV tires leveraging advanced technologies, such as ENLITEN technology, to gain a competitive edge in the market. ENLITEN technology refers to a revolutionary tire technology that focuses on reducing the environmental impact of tires, fleets, and vehicles by utilizing proprietary lightweight materials in tire composition to achieve low rolling resistance (LRR), resulting in reduced fuel consumption for combustion vehicles, an improved wear rate, and more durable tires. For instance, in May 2023, Bridgestone Corporation, a Japan-based tire manufacturing company, launched the new Turanza EV Grand Touring Tire, the company's first-ever replacement tire with Bridgestone ENLITEN technology, created especially for high-end electric cars. This tire was thoughtfully created with the special characteristics of electric vehicles in mind. It enhances the experience of driving an EV by offering good tread life, low ride noise, and secure wet handling. It features ENLITEN technology, a revolutionary core technology that focuses on next-generation tread compounds, new structural components, and increased efficiency.

EV Tires Market Players
Major companies operating in the EV tires market are MRF Limited, JK Tyre & Industries, Cheng Shin Rubber Industrial Co. Ltd., Caterpillar Inc. , Continental AG, Bridgestone Corporation, Michelin Group, Sailun Group, Goodyear tyre and rubber company, Nokian Tyre, Hankook Tire & Technology Co. Ltd., Yokohama rubber Co. Ltd, Kumho Tire Co. Inc. , Apollo tyre, Giti Tire, Cooper Tyre and Rubber Company, Titan International Inc., Pirelli & C. SpA, Maxxis International, Falken tyre, Sumitomo Rubber Industries, Trelleborg Wheel Systems, CEAT Limited, Federal Corporation, Nexen Tire

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/ev-tires-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the EV Tires market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the EV tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. EV Tires Market Report Structure
3. EV Tires Market Trends And Strategies
4. EV Tires Market - Macro Economic Scenario
5. EV Tires Market Size And Growth
…..
27. EV Tires Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release EV Tires Market Key Players, Market Analysis, Share, Trends And Forecast To 2033 here

News-ID: 3507152 • Views:

More Releases from The Business Research Company

Zero Trust Architecture Market Size, Share Analysis And Trends By 2033
Zero Trust Architecture Market Size, Share Analysis And Trends By 2033
The Business Research Company recently released a comprehensive report on the Global Zero Trust Architecture Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, the zero trust architecture
Thermal Insulation Material Market Size, Growth Analysis And Forecast To 2033
Thermal Insulation Material Market Size, Growth Analysis And Forecast To 2033
The Business Research Company recently released a comprehensive report on the Global Thermal Insulation Material Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, the thermal insulation material
Smart Pillow Market Size, Trends Analysis And Forecast To 2033
Smart Pillow Market Size, Trends Analysis And Forecast To 2033
The Business Research Company recently released a comprehensive report on the Global Smart Pillow Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, the smart pillow market size
Satellite IoT Market Size, Share And Trends Analysis 2024-2033
Satellite IoT Market Size, Share And Trends Analysis 2024-2033
The Business Research Company recently released a comprehensive report on the Global Satellite IoT Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, the satellite IoT market size

All 5 Releases


More Releases for Tire

Pneumatic Tire Market Worth Observing Growth | The Yokohama, Michelin, Continent …
Key Findings of Pneumatic Tire Market • The growth of the global pneumatic tire market would be supplemented by the growing automobile sector • The segment of radial tires accounts for the higher sales in the pneumatic tire market owing to their various advantages over cross ply tires, which include longer durability, improved performance and better mileage • Asia Pacific is the biggest tire market and would maintain its position over the forecast period. Download FREE Report
Run Flat Tire Market Research Report | Top players Cooper Tire & Rubber Company, …
The global run flat tire market to gain momentum from the increasing production of commercial and passenger vehicles. Besides, these tires enable drivers to travel to the nearest service center safely, even if there is persistent loss of air from the tires. With the help of these tires, cars can be driven up to around 80km at an average speed. Fortune Business Insights(TM) provided this information in a recent report,
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi …
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions. Tire recycling, or rubber recycling, is the process of
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 – 2025 | …
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole …
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Tire derived Fuel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived