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Electric Vehicle Tires Market Share

  • Report ID: GMI7639
  • Published Date: Dec 2023
  • Report Format: PDF
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Electric Vehicle Tires Market Share

Michelin group holds the largest market share, cutting-edge advancements such as the radial tire, which revolutionized the industry with its improved performance and fuel efficiency. The company's emphasis on research and development has enabled it to deliver products that meet the evolving needs of consumers and vehicle manufacturers. The brand's focus on sustainability and eco-friendly initiatives has also resonated well with environmentally conscious consumers.
 

Electric Vehicle Tires Market Companies

Major companies operating in the electric vehicle tires industry are:

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

Frequently Asked Questions (FAQ) :

The market size of electric vehicle tires reached USD 15.4 billion in 2023 and is set to witness 9% CAGR from 2024 to 2032, attributed to the growing popularity and adoption of electric vehicles.

The passenger cars segment accounted for a market share of around 45% in 2023, as more consumers embrace the shift to electric mobility for environmental reasons and reduced fuel costs.

Asia Pacific market share was around 30% in 2023, with a surge in electric vehicle adoption, particularly in countries like China and Japan.

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

Electric Vehicle Tires Market Scope

  • Electric Vehicle Tires Market Size
  • Electric Vehicle Tires Market Trends
  • Electric Vehicle Tires Market Analysis
  • Electric Vehicle Tires Market Share

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    Premium Report Details

    • Base Year: 2021
    • Companies covered: 21
    • Tables & Figures: 328
    • Countries covered: 18
    • Pages: 250
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