Electric Vehicle Tires Market to surpass $38.5 Bn by 2032, Says Global Market Insights Inc.
Major electric vehicle tires market participants include Bridlestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Hankook Tire & Technology Co Ltd., Michelin, Pirelli & C. SPA, and Sumitomo Rubber Industries Ltd.
Selbyville, Delaware, May 23, 2024 (GLOBE NEWSWIRE) —
The electric vehicle tires market valuation is expected to record USD 38.5 billion by 2032, as reported in a
Some of the leading firms operating in the electric vehicle tires market include Bridlestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Hankook Tire & Technology Co Ltd, Michelin, Pirelli & C. SPA, and Sumitomo Rubber Industries Ltd. These market leaders are adopting mergers & acquisitions, collaborations, and new product launches to gain a competitive edge. For instance, in August 2023, Nokian, a tire manufacturer, launched an electric fit symbol for its tires, signaling compatibility with electric vehicles. The symbol spans the entire product range for ensuring performance consistency across both electric and internal combustion engine cars.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Electric vehicle tires market 3600 synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Propulsion type trends
2.5 Vehicle type trends
2.6 Rim size trends
2.7 Load Index trends
Chapter 3 Electric Vehicle Tires Market Insights
3.1 Industry ecosystem analysis
3.2 Supplier Landscape
3.2.1 Component suppliers
3.2.2 Manufacturers
3.2.3 Material suppliers
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.6.1 Partnership/Collaboration
3.6.2 Merger/Acquisition
3.6.3 Investment
3.6.4 Launch & innovation
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growing popularity and adoption of electric vehicles
3.8.1.2 Advances in tire technology, materials, and design are playing a crucial role in the electric vehicle tires industry.
3.8.1.3 Rise in technological integration
3.8.1.4 Increasing consumer awareness and preferences.
3.8.2 Industry pitfalls & challenges
3.8.2.1 Limited tire life and durability
3.8.2.2 Environmental concerns
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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