EV Tire Market
EV Tire Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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EV Tire Market Size and Growth
The global EV tire market is projected to grow at a CAGR of X% during the forecast period. The market size is expected to reach $X billion by 2025. Factors driving this growth include increasing demand for electric vehicles, advancements in tire technology, and government initiatives promoting sustainable transportation.
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Companies Covered (Covid 19 Impact Covered)
◍ Apollo Tyres
◍ Bridgestone
◍ Continental AG
◍ Cooper Tire & Rubber Company
◍ Falken Tyre
◍ Nokian Tyres
◍ Michelin
◍ Pirelli & C. S.p.A.
◍ Goodyear Tire & Rubber Co.
◍ Yokohama Rubber Co. Ltd.
◍ Hankook Tire & Technology Co. Ltd.
The EV Tire market is highly competitive with key players such as Michelin, Bridgestone, Continental AG, and Goodyear. These companies focus on developing advanced tire technologies to cater to the specific needs of electric vehicles, contributing to the growth of the market.
- Michelin: $25.5 billion in sales revenue
- Bridgestone: $33.9 billion in sales revenue
- Continental AG: $44.5 billion in sales revenue
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Market Segmentation
By Application
◍ OEM
◍ E-commerce
◍ Others
By Product
◍ Radial Tires
◍ Bias Tires
◍ Composite Tires
◍ Others
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$ X Billion USD
Market Growth
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