Pro Market Reports published a new research publication on “Electric Vehicle Tires Market Insights, to 2032” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Electric Vehicle Tires market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Michelin (France), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Corporation (US), Continental AG (Germany), Pirelli & C. SpA (Italy), Falken tire, Apollo tyre, Nokian Tyre, Dunlop, Hankook Tire.
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Scope of the Report of Electric Vehicle Tires
The size of the Electric Vehicle Tires Market was valued at USD 3.54 Billion in 2023 and is projected to reach USD 14.24 Billion by 2032, with an expected CAGR of 22.00% during the forecast period. The EV Tires Market comprises specialty tires that are intended to satisfy the stringent needs of electric vehicles, including high efficiency, performance, and sustainability. New materials also enhance rolling resistance, provide a quieter ride, and maintain better grip and traction, which are crucial for maximizing electric range and ensuring safety. Applications include passenger cars, commercial vehicles, and buses across various segments in the EV market. The key types of technology in this market are lightweight materials, innovative tread patterns, and production processes that are eco-friendly enabling the end efficiency of the EV. Direct impact on electric vehicle tires: They are among the most important factors in changing transportation to a more sustainable future.
The titled segments and sub-section of the market are illuminated below:
Propulsion Type: Plug-in Hybrid Electric Vehicles (PHEV), Fuel Cell Electric Vehicles (FCEV), Hybrid Electric Vehicles (HEV), and Battery Electric Vehicles (BEV), Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses, Load Index: Less Than 100, Above 100, Application: On-road, Off-road, Rim Size: 13-15, 16-18, 19-21, Sales Channel: OEM, Aftermarket
Market Drivers:
Rising Government Support for EV Adoption
Growing Environmental Concerns
Market Trends:
Integration of Advanced Sensors and Electronics
Development of Non-Pneumatic Tires for Increased Durability
Restrains:
High Production Costs
Limited Availability of Raw Materials
What can be explored with the Electric Vehicle Tires Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyse and Measure the Global Electric Vehicle Tires Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Electric Vehicle Tires
• Understand the Competitive Scenarios
– Track Right Markets
– Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Electric Vehicle Tires Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Electric Vehicle Tires market
Chapter 2: Exclusive Summary – the basic information of the Electric Vehicle Tires Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Vehicle Tires
Chapter 4: Presenting the Electric Vehicle Tires Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2023
Chapter 6: Evaluating the leading manufacturers of the Electric Vehicle Tires market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Electric Vehicle Tires Market is a valuable source of guidance for individuals and companies.
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