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Electric Vehicle Tires Market Size, Share Trend Analysis Developments Forecast to 2032 | Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Corporation

May 14, 2024 9:06 PM ET

Electric Vehicle Tires Market Size, Share Trend Analysis Developments Forecast to 2032 | Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Corporation

Electric Vehicle Tires Market Overview

The electric vehicle tires market is experiencing significant growth, driven by factors such as the increasing adoption of electric vehicles, government incentives and regulations promoting clean transportation, and advancements in tire technology. According to industry forecasts, the global electric vehicle tires market is expected to continue expanding as automakers and tire manufacturers invest in developing specialized tires for electric cars. In the ever-evolving landscape of electric vehicles (EVs), one component stands out as crucial for safety, performance, and efficiency: tires. The Electric Vehicle Tires market is a dynamic sector, adapting to the unique needs and challenges posed by the growing adoption of electric vehicles. EV tires are an essential component of the driving experience of electric vehicles, helping to maximize traction and extend range.

Tires for electric vehicles are made especially to fit their needs, which are frequently different from those of conventional cars with internal combustion engines. The purpose of these tires’ engineering is to optimize grip, reduce rolling resistance, and maximize energy efficiency in a variety of driving scenarios. The growing popularity of electric vehicles has increased demand for specialized EV tires, which is spurring advancements in tire manufacturing and technology.

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Market Trends for Tires for Electric Vehicles:

The market for tires for electric vehicles is being shaped by a number of trends that address the special needs of these vehicles. One prominent trend is the development of low-rolling-resistance tires, which help improve the range and efficiency of electric vehicles by reducing energy losses during driving. Additionally, there is a growing demand for tires optimized for electric vehicle weight distribution and torque characteristics, ensuring optimal performance and safety. Moreover, the increasing popularity of electric SUVs and crossover vehicles has led to the development of all-terrain and winter tires tailored for electric vehicle applications, providing drivers with enhanced traction and stability in diverse driving conditions.

Electric Vehicle Tires Market Segment Insights: 

The Electric Vehicle Tires market can be segmented based on various factors, including tire type, vehicle type, and application. Different segments cater to the specific needs and preferences of electric vehicle owners, ranging from eco-friendly tires for city commuting to high-performance tires for sporty driving. Additionally, geographical segmentation reveals regional variations in climate, road conditions, and driving habits, influencing the demand for Electric Vehicle Tires across different markets.

Key Market Players & Competitive Insights: 

Several companies are at the forefront of the Electric Vehicle Tires market, offering a wide range of products and solutions to meet the diverse needs of electric vehicle owners. Established tire manufacturers such as Michelin, Bridgestone, and Continental have introduced specialized EV tire lines featuring innovative tread designs, advanced rubber compounds, and construction technologies optimized for electric vehicles. Emerging players in the market, including Nokian Tyres and Goodyear, are also investing in research and development to develop next-generation EV tires with improved performance and durability. Competition in the market is fierce, with companies vying to differentiate their products through innovation, branding, and strategic partnerships with electric vehicle manufacturers.

Key Companies in the Electric Vehicle Tires Market Include

Michelin (France)

Bridgestone Corporation (Japan)

The Goodyear Tire & Rubber Corporation (US)

Continental AG (Germany)

Pirelli & C. SpA (Italy)

Falken tire

Apollo tyre

Nokian Tyre 

Electric Vehicle Tires Market Segmentation:

Electric Vehicle Tires Propulsion Type Outlook

Battery Electric Vehicles (BEV)

Plug-In Hybrid Electric Vehicles (PHEV)

Hybrid Electric Vehicles (HEV)

Fuel Cell Electric Vehicles (FCEV)

Electric Vehicle Tires Vehicle Type Outlook

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles


Electric Vehicle Tires Load Index Outlook

Less Than 100

Above 100

Electric Vehicle Tires Application Outlook



Electric Vehicle Tires Rim Size Outlook




Electric Vehicle Tires Sales Channel Outlook



The market for electric vehicle tires is concentrated on improving the safety and performance of electric vehicles, but advancements in the EV cable sector are equally important in providing the infrastructure needed to support electric vehicles. Investments in EV charging infrastructure and related technologies are increasing as the automotive industry makes the shift to electrification. This involves creating cutting-edge charging cables that can provide high-power charging in order to facilitate EVs that can charge quickly. Standardizing charging protocols and enhancing compatibility between various EV models and charging stations are also ongoing initiatives. Investments in EV cables and charging infrastructure are predicted to rise as the market for electric vehicles expands, spurring additional industry innovation.

The market for tires for electric vehicles is expanding quickly and innovating due to the growing global use of electric vehicles. EV tires are necessary for enhancing the driving experience and optimizing the advantages of electric mobility, whether it be for high-performance driving or environmentally friendly city commuting. The market for tires for electric vehicles is expected to grow due to its competitive landscape and wide range of players. This presents a promising prospect for tire suppliers, manufacturers, and owners of electric vehicles.

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