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Global EV Tires Market to reach USD XXX billion by 2028

Global EV Tires Market Size study, by Product Type (Radial Tires, Bias Tires and Composite Tires), by Tire Size (Upto 14’’, 15-18’’ andAbove18’’), by Propulsion (BEV, HEV and PHEV), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Sales Channel (OEM and Aftermarket) and Regional Forecasts 2022-2028

Product Code: ALTAMC-44706130
Publish Date: 30-04-2022
Page: 200

The Global EV Tires Market is valued at approximately USD xxx billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.4 % over the forecast period 2022-2028. Electric Vehicles are battery-operated vehicles, that consist of an electric motor instead of a combustion engine. Electric Vehicle needs tires with stronger constructions and more robust rubber compounds to withstand high torque leading to higher tire wear Since Electric vehicles have been around for a long time, the innovation level in EV tires has accelerated over past years. Mounting concerns for environmental-friendly alternatives, accelerate the growth of the EV tires Market. For smoother and less-impact ride EV tires that have low rolling resistance is considered which fueled EV tires Market demand. Electric Vehicle opportunity has long been seen as a game-changer for the EV tires Market. Low rolling resistance can be a challenge though it can be achieved through a special mixture of tread cap compounds. The doorstep tire replacement services provided by key manufacturers provide a positive growth rate for the EV tires Market. Manufacturers are turning to more advancements in technology and innovation to face fierce competition. For instance: In May 2018, a Japanese tire company Falken collaborated with Toyota to develop ‘Ecorun A-A’- an electric specific tire where ‘A’ is given for wet performance and the other ’A’ for efficiency. However, high manufacturing costs as compared to conventional tire impedes the growth of the Market over the forecast period of 2022-2028.

The key regions considered for the Global EV Tires Market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. Since the sale of electric vehicles in North America is anticipated to grow rapidly the demand for electric tires is boosted over the forecast period. In addition, the U.S. has a large number of automotive aftermarket and OEM dealers and manufacturers owing to substantial demand for the electric tire Market. The European Market is expected to dominate the Global EV tires Market in terms of revenue over 2022-2028. Increasing trading business has upsurged the EV tires Market Globally and hence is propelled to grow swiftly over the forecast period.
Major Market players included in this report are:

Continental AG
Bridgestone
Pirelli & C. S.p.A
Goodyear Tire & Rubber Co.
Hankook Tire & Technology Co. Ltd.
Yokohama Rubber Co. Ltd.
Apollo Tyres
Michelin
Nokian Tyres
Cooper Tire & Rubber Company

The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro Markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Market are explained below:
By Product Type:
Radial Tires
Bias Tires
Composite Tires
By Tire Size:
Up to 14’’
15-18’’
Above 18’’
By Propulsion:
BEV
HEV
PHEV
By Vehicle Type:
Passenger Cars
Commercial Vehicles
By Sales Channel:
OEM
Aftermarket

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global EV Tires Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. EV Tires Market, by Region, 2020-2028 (USD Billion)
1.2.2. EV Tires Market, by Product Type, 2020-2028 (USD Billion)
1.2.3. EV Tires Market, by Tire Size, 2020-2028 (USD Billion)
1.2.4. EV Tires Market, by Propulsion, 2020-2028 (USD Billion)
1.2.5. EV Tires Market, by Vehicle Type, 2020-2028 (USD Billion)
1.2.6. EV Tires Market, by Sales channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global EV Tires Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global EV Tires Market Dynamics
3.1. EV Tires Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising sales of electric vehicles
3.1.1.2. Development of technologically advanced autonomous vehicles
3.1.2. Market Challenges
3.1.2.1. Tire Noise
3.1.3. Market Opportunities
3.1.3.1. Strategic Collaborations and Mergers with Manufacturers
Chapter 4. Global EV Tires Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global EV Tires Market, by Product Type
6.1. Market Snapshot
6.2. Global EV Tires Market by Product Type, Performance – Potential Analysis
6.3. Global EV Tires Market Estimates & Forecasts by Product Type, 2019-2028 (USD Billion)
6.4. EV Tires Market, Sub Segment Analysis
6.4.1. Radial Tires
6.4.2. Bias Tires
6.4.3. Composite Tires
Chapter 7. Global EV Tires Market, by Tire Size
7.1. Market Snapshot
7.2. Global EV Tires Market by Tire Size, Performance – Potential Analysis
7.3. Global EV Tires Market Estimates & Forecasts by Tire Size, 2019-2028 (USD Billion)
7.4. EV Tires Market, Sub Segment Analysis
7.4.1. Upto 14’’
7.4.2. 15-18’’
7.4.3. Above 18’’
Chapter 8. Global EV Tires Market, by Propulsion
8.1. Market Snapshot
8.2. Global EV Tires Market by Propulsion, Performance – Potential Analysis
8.3. Global EV Tires Market Estimates & Forecasts by Propulsion, 2019-2028 (USD Billion)
8.4. EV Tires Market, Sub Segment Analysis
8.4.1. BEV
8.4.2. HEV
8.4.3. PHEV
Chapter 9. Global EV Tires Market, by Vehicle Type
9.1. Market Snapshot
9.2. Global EV Tires Market by Vehicle Type, Performance – Potential Analysis
9.3. Global EV Tires Market Estimates & Forecasts by Vehicle Type, 2019-2028 (USD Billion)
9.4. EV Tires Market, Sub Segment Analysis
9.4.1. Passenger Cars
9.4.2. Commercial Vehicles
Chapter 10. Global EV Tires Market, by Sales Channel
10.1. Market Snapshot
10.2. Global EV Tires Market by Sales Channel, Performance – Potential Analysis
10.3. Global EV Tires Market Estimates & Forecasts by Sales Channel, 2019-2028 (USD Billion)
10.4. EV Tires Market, Sub Segment Analysis
10.4.1. OEM
10.4.2. After Market
Chapter 11. Global EV Tires Market, Regional Analysis
11.1. EV Tires Market, Regional Market Snapshot
11.2. North America EV Tires Market
11.2.1. U.S. EV Tires Market
11.2.1.1. Product Type breakdown estimates & forecasts, 2019-2028
11.2.1.2. Tire Size breakdown estimates & forecasts, 2019-2028
11.2.1.3. Propulsion breakdown estimates & forecasts, 2019-2028
11.2.1.4. Vehicle Type breakdown estimates & forecasts, 2019-2028
11.2.1.5. Sales Channel breakdown estimates & forecasts, 2019-2028
11.2.2. Canada EV Tires Market
11.3. Europe EV Tires Market Snapshot
11.3.1. U.K. EV Tires Market
11.3.2. Germany EV Tires Market
11.3.3. France EV Tires Market
11.3.4. Spain EV Tires Market
11.3.5. Italy EV Tires Market
11.3.6. Rest of Europe EV Tires Market
11.4. Asia-Pacific EV Tires Market Snapshot
11.4.1. China EV Tires Market
11.4.2. India EV Tires Market
11.4.3. Japan EV Tires Market
11.4.4. Australia EV Tires Market
11.4.5. South Korea EV Tires Market
11.4.6. Rest of Asia Pacific EV Tires Market
11.5. Latin America EV Tires Market Snapshot
11.5.1. Brazil EV Tires Market
11.5.2. Mexico EV Tires Market
11.6. Rest of The World EV Tires Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Bridgestone
12.2.1.1. Key Information
12.2.1.2. Overview
12.2.1.3. Financial (Subject to Data Availability)
12.2.1.4. Product Summary
12.2.1.5. Recent Developments
12.2.2. Continental AG
12.2.3. Pirelli &C. S.p.A
12.2.4. Goodyear Tire & Rubber Co.
12.2.5. Hankook Tire & Technology Co. Ltd.
12.2.6. Yokohama Rubber Co. Ltd.
12.2.7. Apollo Tyres
12.2.8. Michelin
12.2.9. Nokian Tyres
12.2.10. Cooper Tire & Rubber Company
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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