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.
The 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. Electric cars are often heavier than their counterparts fuelled by fossil fuels. The batteries add a significant amount of weight to electric vehicles. As per the study, EVs would have to weigh 60% more than a conventional vehicle to achieve the same range.
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The latest research on the EV Tires market provides a comprehensive overview of the market for the years 2023 to 2029. It gives a comprehensive picture of the global EV Tires industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the EV Tires market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
The Report Will Include A Major Chapter
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Global “EV Tires Market” research report 2023 focuses on major statistical analysis and influencing growth factors of industry with industry size, share, revenue estimations and recent developments. EV Tires market report gives comprehensive insights into market dynamics (mainly trends, opportunity and challenges), regional segmentation, SWOT analysis and PESTLE analysis. It gives knowledge about competitive landscape that includes company profiles, new investments plan, business strategies and development forecast of top key players.
Prominent Key Players – Covered in the report:
- 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.
Segmentation of EV Tires market:
- Radial Tires
- Bias Tires
- Composite Tires
By Distribution Channels
Geographic Segment Covered in the Report
- 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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This EV Tires Market research report provides a complete idea of acquisitions and acquisitions based current global market scenarios, recent developments, product launches, joint ventures, capacity, production value and various market dynamics. Market research reports help companies make better informed decisions, thus managing the marketing of goods and services. This report is best suited for gaining a competitive advantage in this rapidly changing market. The transparent, reliable and extensive market information in this report will definitely improve your business and improve your return on investment (ROI). The EV Tires Market Report provides a complete 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, pharmaceuticals, and future trends, providing an analysis of the impact on these trends in the short and medium markets and long term during the forecast period. Market reports also include key players who profile with detailed SWOT analysis, financial facts, and major developments in products or services over the past three years.
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The key questions answered in the report:
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the Market?
- What are the risks and challenges in front of the market?
- Who are the key vendors in the Global EV Tires Market?
- What are the trending factors influencing the market?
- What are the key outcomes of Porter’s five forces model?
- Which are the opportunities for expanding the Global EV Tires Market?
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