Electric Vehicle Tires Market by Vehicle Type (Passenger Car, Commercial Vehicle), by Propulsion Type (Battery Electric Vehicle (BEV), by Sales Channel (OEM, Aftermarket), by Tire Size (Up to 17â€, 18" to 21", Above 21"), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, Rest of Asia Pacific) Forecast 2024-2032
The Electric Vehicle Tires Market size was valued at USD 17.24 USD Billion in 2023 and is projected to reach USD 97.42 USD Billion by 2032, exhibiting a CAGR of 28.07 % during the forecast period. Electric vehicle tires are designed and engineered to meet the specific needs of electric vehicles. EV tires have features to enhance efficiency, range, and performance. These tires play an important role in supporting the distinct characteristics of electric propulsion systems. EV tires have thicker sidewalls and more robust compounds, either nylon or heavier. They are used in trucks, buses, cars, and others. There are several features of electric vehicle tires, such as low rolling resistance, weight considerations, noise reduction, optimized tread patterns, enhanced durability, thermal management, and more. Advancements in tire manufacturing technology, materials science, and tread design are driving innovation in the EV tire market. Manufacturers are developing tires with specialized compounds, tread patterns, and construction techniques to meet the unique performance requirements of electric vehicles, including enhanced traction, durability, and efficiency.
Vehicle Type:
Propulsion Type:
Sales Channel:
Tire Size:
The report provides a comprehensive analysis of the electric vehicle tires market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 28.07% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 28.07% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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