Electric Vehicle Tires Market 2024-2032; Growth Forecast & Industry Share Report

1
Electric Vehicle Tires Market Share, Trend
Growth Forecast to 2032
2

• Industry Insights

• The global electric vehicle tires market is
  expected to register a growth rate of 9 during
  2024-2032, driven by a demand for sustainable and
  eco-friendly transportation solutions.
• According to a blog by BloombergNEF in 2023,
  passenger electric vehicle (EV) sales were set to
  reach 14 million in that year, a 36 jump from
  2022, highlighting the rapid growth in the
  adoption of sustainable transportation. Moreover,
  in the 2022 OECD survey on global climate policy
  attitudes, an average of 80 across participating
  countries expressed the belief that their nation
  should actively combat climate change. The
  increasing awareness and commitment towards
  environmental conservation have prompted
  consumers and businesses alike to embrace
  electric vehicles, creating a surge in demand for
  specialized tires.

3

• The Plug-in Hybrid Electric Vehicles (PHEVs)
  segment is prompted to grow significantly through
  2032, owing to their flexibility and extended
  driving range. PHEVs require specialized tires
  that can handle the diverse demands of electric
  and conventional propulsion. The increasing
  popularity of hybrid vehicles and advancements in
  battery technologies are pushing the industry
  growth. EV tire manufacturers are developing
  innovative tire solutions that optimize
  performance, tread life, and energy efficiency
  for PHEVs, ensuring a smooth and eco-friendly
  driving experience.
• The two-wheelers segment is set for steady growth
  during the study period, driven by urbanization,
  rising fuel costs, and a growing preference for
  sustainable commuting options. To meet the unique
  requirements of electric scooters and
  motorcycles, manufacturers are developing tires
  that offer enhanced stability, grip, and range
  optimization. Furthermore, as the cost of living
  rises in various countries, more consumers are
  expected to adopt two-wheelers as a cost-friendly
  means of commute.

4

• Regional Analysis

• North America electric vehicle tires market is
  poised to witness a demand surge until 2032,
  propelled by a commitment to reduce carbon
  emissions and promotion of sustainable
  transportation solutions. The United States and
  Canada have witnessed a surge in EV adoption,
  driven by government incentives, infrastructure
  development, and an increasing environmental
  consciousness among consumers. Moreover, by
  understanding and catering to the unique
  preferences and requirements of the consumers,
  industry players can establish a strong foothold
  in this dynamic and evolving landscape.

• Competitive Analysis

• Bridlestone Corporation
• Continental AG
• Goodyear Tire and Rubber Company
• Hankook Tire Technology Co Ltd
• Michelin
• Pirelli C. SPA
• Sumitomo Rubber Industries Ltd

5
Electric Vehicle Tires Market  _at_
https//www.gminsights.com/industry-analysis/elect
ric-vehicle-ev-tires-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/7
639
Request for customization https//www.gminsights.
com/roc/7639
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com