The EV Tire Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.
EV Tires Market report covers a detailed analysis of current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
tires on electric vehicles may resemble those on fossil-fuel vehicles. They are, nonetheless, dissimilar in terms of manufacturing components. When compared to fossil fuel car tires, electric vehicle tires are 20% lighter. This is because electric vehicles utilize less rubber and other raw materials. The rolling resistance of electric vehicle tires is typically 30 percent lower. As a result, electric vehicle tires have a longer operating life than traditional tires. In comparison to traditional tires, Bridgestone states that the EV tires have deep treads and unique patterns.
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The Major Players In The EV Tires Market Include:
· The Goodyear Tire & Rubber Company
· Continental AG
· Bridgestone Corporation
· Pirelli & C. S.p.A
· Yokohama Rubber Company Ltd.
· Hankook Tire & Technology Group
· Michelin Group
· Kumho Tire Company Inc.
· Toyo Tire Corporation
· GITI Tire and other major players.
Market has segmented the global EV Tires market on the basis of type, application, and region:
The EV Tires market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
· Radial Tires
· Bias Tires
· Composite Tires
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By Application:
· OEM
· Aftermarket
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases sales@introspectivemarketresearch.com and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, EV Tires Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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