Asia Pacific EV Tire Market Size & Share 2025 - 2034

Asia Pacific EV Tire Market Size

The Asia Pacific EV tire market size was estimated at USD 8.9 billion in 2024. The market is expected to grow from USD 9.7 billion in 2025 to USD 23.6 billion in 2034, at a CAGR of 10.4%.

• The Asia Pacific EV tire industry is expanding rapidly with rising EV adoption in countries including China, India, Japan, and South Korea. Statista stated that the total number of EVs sold in the Asia Pacific region grew from around 3.57 million units in 2021 to around 8.52 million units in 2024. This indicates the drastic growth in the sales and demand for these vehicles, which in turn is also contributing to the demand for its accessories such as tires.
   
• Customers are demanding tires for electric vehicles that are quieter, more durable, and use less energy. This is making manufacturers develop new ideas and customize their goods as per the EV requirements of the specific country and their local regulations. Tire firms are seeing new development prospects because of government incentives and expanding electric fleets.
   
• The EV tire market expansion is majorly due to the increased spending on sustainable and eco-friendly transportation and intelligent tire technology. Manufacturers are increasingly focusing on designs and materials that improve the safety and performance of EVs. In April 2025, Continental declared that it will be providing EV tires to 18, out of the leading 20 global EV manufacturers.
   
• The Asia Pacific EV tire market experienced a temporary slowdown during the pandemic due to disrupted supply chains and reduced vehicle output. However, by 2022, demand had significantly increased due to government incentives and an enormous spike in EV adoption. The market is expected to grow steadily in the coming years, backed by the developments in EV tire technology and the installation of charging stations.
   
• Regional governments in various countries in Asia Pacific are promoting domestic EV manufacturing and investing heavily in green mobility. In May 2025, the leadership of the Goodyear Corp in sustainable EV tire innovation was acknowledged at the Asia Pacific Business Awards. These advancements showed the region's improving and growing importance and their strengthening role as a global leader and player as a EV tires manufacturer, and innovator in mobility solutions. This appreciation was given in May 2025.
   
• Due to local innovation and increasing two-wheeler electrification, the Asia Pacific region is becoming a significant growth market for EV tires. In October 2024, TVS Eurogrip launched their new EV-specific tires that are expected to reduce rolling resistance by 10%. Targeting India's rapidly expanding electric mobility market, Asia Pacific is starting to play a significant role in the electric vehicle tire market due to rising regional demand.
   

Asia Pacific EV Tire Market Trends

• With the rising EV adoption in China, India, and Southeast Asia, the demand for EV-specific tires has been growing steadily across Asia Pacific, especially since the pandemic. The demand for tires with low rolling resistance, durability, and a quieter ride is increasing as more number of people are adopting cleaner mobility and governments implement policies that encourage it. Asia has and is steadily transforming itself into a hub for innovation and investment for next-generation tire technologies.
   
• In November 2024, Goodyear unveiled the ElectricDrive Sustainable-Material (EDS) tire, at the China International Import Expo, which is composed of more than 70% sustainable materials, including rice husk ash silica and recycled carbon black. It lowers rolling resistance, minimizes noise, and improves wet braking for EVs. Goodyear shared that by 2023, the company hopes to have developed a completely sustainable tire as a result of its innovation processes. Such environmentally friendly tires are anticipated to establish new industry standards in Asia Pacific as EV demand increases.
   
• Research and development activities that are focused majorly on EVs and its infrastructure, have grown significantly in the years. Countries such as China, Japan, and India are supporting domestic tire innovation and investing in EV production hubs. There is a significant demand for EV-specific tires throughout the region because tire manufacturers are investing in and developing designs that improve energy efficiency, range, and comfort as governments move toward greener transportation.
   
• Asia Pacific tire manufacturers are now adopting smart technologies, such as integrated sensors, noise reduction, and heat control, to meet the changing demands of electric vehicles. These changes and innovations can improve daily comfort by increasing the driving range by around 5% and reducing road noise by almost a fourth. With plans to launch by 2027, Bridgestone and Continental are already testing these improvements in South Korea and Japan. Tires are slowly getting smarter, safer, and more responsive to user driving habits as EVs become a more popular lifestyle option.
   
• The region is also quickly becoming a hub for EV tire innovation due to smart technology, changing consumer demands, and sustainability objectives. In 2024, the Indian government supported the changing EV trend by investing approximately USD 3.5 billion EV incentive program, this change and increased domestic manufacturing of parts such as tires. The region is influencing the direction of cleaner mobility with the help of robust policy support and growing demand.
   

Asia Pacific EV Tire Market Analysis

• Passenger cars segment holds a significant share of the vehicle segment of Asia Pacific EV tire market, which is majorly led by South Korea, Japan, and China's robust EV adoption. The tires of these vehicles need to strike a balance between performance, noise level, and range. Bridgestone launched their Turanza EV tire in April 2025 in Japan. This tire helps in providing improved grip and a longer battery life and is designed for high-end electric automobiles. As more individuals move to mid-to-high-end EVs, there is an increasing demand for advanced tire solutions.
   
• Two and three-wheelers are the fastest growing EV segments in Asia Pacific are expected to grow at a rate of around 11% during the forecast period. These vehicles account for over 60% of regional EV sales by volume, driven largely by India, Indonesia, and Vietnam. Thus, long-lasting and energy-efficient tires are in great demand since these vehicles are essential for urban mobility.
   
• In January 2025, CEAT and Ather Energy partnered to develop EV-specific tires for electric scooters, designed to help improve grip and dissipate heat more quickly. This shows how domestic innovation is solving the practical difficulties associated with urban commuting. The focus on efficiency and safety is directly meeting and fulfilling the demands of crowded urban areas.
   
• Electric commercial vehicles are also making significant progress, across Southeast Asia, Australia, and India, particularly in the areas of public transportation and logistics. Tire manufacturers are developing improved tire models offering features such as reduced rolling resistance and high-load capacity as city fleets are becoming more environmentally friendly. This change is being supported partly by government incentives and the drive for economical EV operations.

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Based on sales channel, the market is segmented into OEM and aftermarket. The OEM segment held around 71% of the market share in the Asia Pacific EV tire market and generated revenue of over USD 6 billion in 2024.
 

• The OEM segment is the largest in the Asia Pacific EV tire market. The growth of EV manufacturing in South Korea, Japan, and China where automakers work with tire manufacturers to build vehicles with specially made tires is what is driving this domination. These factory-installed solutions are a clear choice for EV customers since they enhance ride comfort, safety, and range right from the start.
   
• OEM demand is rising, as EV sales rise across the area. In April 2025, Continental announced that it will be providing EV tires to nine of the top 20 EV brands worldwide, including 18 with headquarters in Asia Pacific. Tire manufacturers are steadily pushing tire innovation by introducing quieter operation, longer wear life, and less rolling resistance with the aim of keeping up with changing EV designs.
   
• The aftermarket segment is expected to grow at a significant rate of around 11.5% during the forecast period. Customers are actively looking for advanced tire options that help provide enhanced battery range, grip and handle, as and when these EVs reach midlife and need tire replacements. The trend is majorly observed in South-east Asia and India, where rising EV ownership is increasing the demand for tire replacements.
   
• Michelin entered a partnership with leading EV service networks in Thailand and Vietnam, to launch its range of energy-efficient EV tires through local aftermarket channels. The goal of the project is to develop and manufacture high-quality tire replacements and make them more accessible to urban EV user population in the region. This partnership update was shared by the company in December 2024.
   

Based on propulsion, the Asia Pacific EV tire market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hydrogen fuel cell electric vehicles (FCEVs), and extended range electric vehicles (EREVs). The battery electric vehicles (BEVs) segment dominates the market with over 45% share in 2024, and the segment is expected to grow at a CAGR of over 11% from 2025 to 2034.
 

• In Asia Pacific, battery electric vehicles (BEVs) hold a substantial market share due to factors including strong government support and increasing network of charging stations. Tires that help increase efficiency and range are becoming more necessary as the adoption of these vehicles is rising. The segment is expected to grow consistently in the coming years due to rising consumer demand for improved performance.
   
• In April 2025, backed by the rapid adoption of BEVs in China and India, Goodyear recorded a 35% increase in EV tire sales throughout Asia Pacific. It is estimated that the demand for BEV tires that are made specifically to face the sudden torque and are support the extended battery life will grow in coming years. This change shows the way that fully electric driving is changing the aims and requirements of tire companies and automakers.
   
• The plug-in hybrid electric vehicles (PHEVs) segment is expected to grow at a significant rate of around 10.5%. These vehicles offer a clever balance of fuel flexibility and electric range. Sales are rising in markets including South Korea and Australia. Michelin unveiled the e-Primacy all Season tire in February 2025. These tires are expected to provide an extra 32 kilometers of range between charges and up to 25% higher efficiency for hybrid and electric vehicles.
   
• Hydrogen fuel cell electric vehicles (FCEV) and extended range electric vehicles (EREV) still are considered niche segments in the Asia Pacific EV tire market, due to their high costs and limited availability of its infrastructure. However, there is still demand in smaller numbers in countries such as China and Japan where trial initiatives are being undertaken. Tire innovation for these vehicles places a higher priority on load-bearing strength and energy economy for longer distance travel.
   

Based on application, the market is segmented into on-road and off-road. The on-road segment held over 85% of the market share in Asia Pacific EV tire market and generated revenue of around USD 7.5 billion in 2024.
 

• The on-road segment holds a dominant position in Asia Pacific with a electric vehicle tire market share. This high share of the segment is due to the growing number of passenger cars, two-wheelers, and electric delivery fleets. Tire producers are competing for the quiet, reliable, and energy-efficient tires that on-road EVs need as urban electrification advances.
   
• The growing use of EVs in ridesharing and logistics further enhances on-road applications. In April 2025, BYD sold 21,458 new energy vehicles in Thailand, in the first five months of 2025. A 66.5% year-over-year increase indicated rising demand for long-lasting, range-optimized EV tires.
   
• The off-road segment is expanding at a substantial rate of around 9%, despite having a smaller market share. The growth is driven primarily by electric vehicles used in mining, construction, and agriculture. Demand for reinforced, load-bearing EV off-road tires that can handle difficult terrain is increasing as clean energy adoption grows.
   
• In July 2024, Yokohama Rubber shared that they will be taking over Goodyear's Off-the-Road tire business for USD 905 million. This will include its mining and construction tire operations in Australia and Japan. This strategic agreement marks a significant advancement in extending electrification beyond urban roads by enhancing Yokohama's capacity to provide durable, high-load EV tire solutions.

China accounted for a significant share of the Asia Pacific EV tire market, for over 35% share in Asia Pacific EV tire market, generating revenue of USD 3.3 billion in 2024.
 

• Chinese tire manufacturers have heavily increased their manufacturing capacity, supported by advanced infrastructure, latest technology and facilities, and policy incentives. In June 2024, Continental demonstrated confidence in Asia's EV demand by launching its fourth expansion of the Hefei tire plant, which will increase capacity to 18 million passenger and light-truck tires annually by 2027.
   
• The demand for tires that offer improved grip, less rolling resistance, and a quieter driving experience is increasing with the growing number of EV customers in the country. The International Energy Agency stated that more than half of the cars sold in the country were electric and electric cars sold in China were more than the global sales of electric cars globally. As a response to this changing dynamics, regional producers are investing to develop and manufacture more sophisticated designs and smarter materials for EV tires.
   
• In March 2025, Linglong Tire unveiled a brand-new line of EV tires that are optimized for city driving and have reduced noise and increased traction. The brand and the products are in line with China's growing need for high-performance tires that meet the changing demands of users of electric vehicles.
   

The EV tire market in India is held a share of over 25% in 2024 and is expected to experience significant and promising growth from 2025 to 2034.
 

• India is becoming a strong competitor in the market, driven by the rapid adoption of electric two- and three-wheelers in tier-2 cities and densely populated metropolitan areas. The shift to cleaner mobility is supported by the rising fuel prices, government subsidies, and rising environmental awareness among young, aspirational consumers.
   
• In March 2024, regional manufacturers shared of making investments to develop tires that are appropriate for Indian road and weather conditions, focusing on traction, durability, and low rolling resistance to improve EV efficiency and everyday usability. CEAT launched the EnergyDrive range of electric two-wheeler tires. These tires are designed specifically to improve performance in urban areas, reduce energy loss, and provide smoother rides.
   
• In an effort to better serve the changing needs of EV owners and fleets nationwide, other Indian tire companies, such as JK Tyre and Apollo, are increasing research and development in EV centric technologies and looking into partnerships to increase their presence in regional markets.
   
• As public charging infrastructure grows and sales of electric vehicles continue to rise, India is establishing itself as a strategic hub for high-performance, reasonably priced EV tire solutions, combining domestic innovation with growing international interest.
   

The EV tire market in Japan is expected to experience significant of around 7% and was valued at around USD 1 billion in 2024.
 

• Japan is a significant contributor to the Asia Pacific EV tire market due to its advanced automotive ecosystem and growing consumer demand for efficient, luxury electric mobility. Customers are now increasingly preferring tires with strong energy efficiency and smooth, quiet rides, especially in city areas.
   
• Major Japanese manufacturers including Bridgestone and Yokohama announced that they will be funding research and production aimed at electric vehicles. ADVAN Sport EV tires were first produced in September 2023 at the Shinshiro-Minami facility in Yokohama, which is run by rooftop solar renewable energy and is a prime example of the company's dedication to ecologically responsible production.
   
• Japan is now introducing and establishing itself as a global leader in EV tire innovation backed by its strong export focus and continuous government support for electrification. Its precision engineering, environmental initiatives, and OEM ties are strengthening the foundation of an ecosystem of luxury tires.
   

The EV tire market in South Korea is expected to experience significant and promising growth from 2025 to 2034.
 

• With the growing demand for improved efficiency, quiet, and smooth travel, South Korea is observing a substantial increase in the use of EVs. The country is investing in developing high-performance, EV-ready tires looking at the growing domestic EV usage and urban infrastructure.
   
• Local players are accelerating innovation. In March 2024, Hankook Tire teamed up with SK Chemicals and Hyosung Advanced Materials and introduced the iON tire, developed for electric vehicles utilizing recycled PET materials. This tire blends modern technology and sustainability requirements.
   
• Kumho and Nexen shared their plans to expand their range of EV tires, with now shifting their focus on smart features and improved wear resistance, in line with Korean EV manufacturers. Their latest product lines, which focus on quiet operation, extended range, and superior cornering, are aimed at both domestic and foreign markets.
   
• Government research and development activities, subsidies and the increasing global recognition of Korean industry are bolstering the drive. As the market continues to evolve, South Korean tire manufacturers are building a strong reputation for themselves through technical precision, high quality, and eco-friendly materials.
   

Asia Pacific EV Tire Market Share

• The top 7 companies in the Asia Pacific EV tire industry are Bridgestone, Continental, Goodyear Tire, Michelin, MRF, Yokohama, and ZC Rubber contributing over 45% of the market in 2024.
   
• Bridgestone is known for their technological efficiency and is considered a leader in electric mobility, with innovations such as ENLITEN that improve battery range and reduce energy consumption. At its regional R&D labs in Thailand and Japan, tires for cars including the Nissan Leaf and Mitsubishi Outlander EVs are currently being developed.
   
• Continental offers low-noise, high-efficiency tires including EcoContact 6 and ContiSilent. These tires help in improving the EV driving experience. The company has gained recognition for providing both eco-innovation with superior performance when it released the UltraContact NXT tire, which was built with up to 65% sustainable materials.
   
• Michelin has set a high standard, with its e.Primacy and Pilot Sport EV lines, which provide strong handling and a longer range under EV-specific requirements. The company's ambitious aim for green mobility was also showcased in its 2024 China Import Expo showstopper. The company there showcased a prototype made from recycled materials including carbon black and orange peels. R&D centers in Thailand and China assist in customizing designs for the road and climate conditions of the region.
   
• MRF has gained and maintained their position as a reliable brand, in India's expanding electric two-wheeler and compact EV market. Its main goals are low rolling resistance, high load endurance, and durability, all of which are essential in congested urban environments. The company has gained a competitive advantage in price-sensitive areas as it can supply dependable EV ready tires at low and affordable prices, thus catering to a larger pool of users.
   
• ZC Rubber provides affordable and useful tires for commercial vehicles, automobiles, and electric scooters. Its Westlake and Chaoyang brands are known for offering strong grips and cost-effectiveness. The brand is becoming a preferred choice for budget conscious consumers. This is especially true in price sensitive market such China, and India, where the company has gained and is expanding to get significant market share and is also rapidly expanding in other EV markets.
   

Asia Pacific EV Tire Market Companies

Major players operating in the Asia Pacific EV tire industry are:
 

• Apollo
• Bridgestone
• CEAT
• Continental
• Giti Tire
• Goodyear Tire
• Michelin
• MRF
• Yokohama
• ZC Rubber
   
• Bridgestone, Continental, and Goodyear Tire are adapting their offerings to meet the rising demand for EVs in Asia. Bridgestone's ENLITEN technology facilitates increased economy and range. While Goodyear's ElectricDrive brand is gaining popularity with vehicles like Tesla and Hyundai, Continental is fusing sustainable materials with smart features.
   
• Both major tire players, Michelin and MRF, with a strong focus on sustainability and market adaptability, are shifting their activities towards making invests to change the EV tire landscape. They are innovating to provide improved tire features such as strong performance and reduced energy loss.
   
• Michelin's product range is offering this benefit while the company is also investing in research of recycled raw materials which is continuing to drive industry innovation. MRF, on the other hand, is leveraging its strong local network to offer EV-ready tires for India’s expanding electric two-wheeler and small car segments, stressing price and durability.
   
• Yokohama and ZC Rubber are expanding their presence in this market by accurately meeting the demands of the regional market. The ADVAN Sport EV tires from Yokohama are designed such that they cater to the needs of high-end electric automobiles and prioritize quieter riding.
   
• Additionally, in cost conscious countries including India and Vietnam, the company is making its building and expanding its presence through its offerings of Westlake and Chaoyang brands that are designed to cater to markets that prefer reasonably priced tires.
   

Asia Pacific EV Tire Industry News

• In June 2025, Goodyear launched its Assurance MaxGuard SUV tire in India. These tires are designed specifically for electric SUVs that need enhanced durability and greater grip for smooth rides. These tires are also designed such that they provide around 2% better fuel efficiency as a result of their low rolling resistance design.
   
• In May 2025, Bridgestone Malaysia displayed their Turanza T005 EV tire at the Malaysia Autoshow. This was done in collaboration with MG Motor, which is the original equipment for the MG4. These tires are designed to improve grip and comfort while lowering weight and rolling resistance through ENLITEN technology.
   
• In February 2024, Michelin introduces sustainable EV solutions at CIIE. Michelin highlighted their sustainable vision at the 2024 China International Import Expo by showcasing their 71% eco-friendly tire, which is made from natural rubber, recycled carbon black, and orange peel.
   
• In October 2024, TVS Eurogrip shared that they have developed an EV-specific, fuel efficient tire, specifically designed for the Indian market. These tires are designed with a aim of reducing around 10% of rolling resistance. As part of a broader approach to increasing 35% of its premium category sales, the brand currently provides 12 EV tire SKUs. TVS Eurogrip's strategic focus on serving India's quickly growing two and three-wheeler EV market is strengthened by this endeavor.
   

The Asia Pacific EV tire market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipments (units) from 2021 to 2034, for the following segments:

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Market, By Vehicle

• Passenger car
  • Sedan
  • Hatchback
  • SUVs & crossovers 
• Commercial vehicle
  • LCV
  • MCV
  • HCV
• Two and three-wheeler
• Specialty electric vehicle

Market, By Rim size

• 13-15"
• 16-18"
• 19-21"
• Above 21"

Market, By Propulsion

• Battery electric vehicles (BEVs)
• Plug-in hybrid electric vehicles (PHEVs)
• Hydrogen fuel cell electric vehicles (FCEVs)
• Extended range electric vehicles (EREVs)

Market, By Load Index

• 70 - 100
• 101-120
• 121 - 140
• More than 140

Market, By Application

• On-road
• Off-road

Market, By Sales channel

• OEM
• Aftermarket

Market, By Tire

• Summer EV tire
• Winter EV tire
• All-season EV tire

The above information is provided for the following regions and countries:

• China
• India
• Japan
• Australia
• South Korea
• Singapore
• Vietnam
• Thailand
• Philippines
• Malaysia
• Indonesia
• Rest of Asia Pacific