Rapid advancements in tire design are expected to drive market expansion in the near future at a CAGR of 22.00% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Electric Vehicle Tires Market” that contains information from 2019 to 2032. The electric vehicle tires market is estimated to register a CAGR of 22.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global electric vehicle tires market— Michelin (France), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Corporation (US), Continental AG (Germany), Pirelli & C. SpA (Italy), Falken tire, Apollo tyre and Nokian Tyre.

Electric Vehicle Tires Highlights

The global electric vehicle tires market is accounted to register a CAGR of 22.00% during the forecast period and is estimated to reach USD 14.2 billion by 2032.

Demand for automobiles and their parts, including sustainable tires, is rising as people become more aware of their influence on the environment. This inclination propels the creation and uptake of EV tires with sustainable designs, giving customers a choice that is consistent with their morals. Tires for electric vehicles degrade more quickly than tires for internal combustion engines (ICEs). Because tires need to be replaced more frequently, this quick wear raises consumer costs and presents difficulties for recycling schemes.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Electric Vehicle Tires Market

Segment Analysis

The global electric vehicle tires market has been segmented based on propulsion type, vehicle type, load index, application, rim size, and sales channel.

On the basis of propulsion type, the market is segmented into battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and fuel cell electric vehicles (FCEV). The fuel cell electric vehicle (FCEV) segment was attributed to holding the largest market share in 2023. This is so because FCEVs generate the electricity needed to power the vehicle using fuel cells.

Based on vehicle type, the global electric vehicle tires market has been segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, and buses. The heavy commercial vehicles segment was expected to hold the largest market share in 2023. This is due to the possibility that heavy trucks can tow heavier loads than light-duty cars.

 Based on Load index, the global electric vehicle tires market has been segmented into less than 100 and above 100. The above 100 segment was expected to hold the largest market share in 2023. This is because electric automobiles' high torque levels may put additional wear on tires.

Based on application, the global electric vehicle tires market has been segmented into on-road and off-road. The off-road segment was expected to hold the largest market share in 2023. This is because the off-road application segment is expected to experience the quickest rate of growth in the global market for tires for electric vehicles. Heavy-duty trucks and construction are two industries where off-road electric vehicle tires are used, and as electric trucks become more widely available, so will the demand for off-road electric vehicle tires.

Based on rim size, the global electric vehicle tires market has been segmented into 13-15, 16-18 and 19-21. The 13-15 segment was expected to hold the largest market share in 2023. This is because fuel efficiency and pollution can be reduced by using tires with rims that fit 13 to 15 wheels.

Based on sales channel, the global electric vehicle tires market has been segmented into OEM and aftermarket. The OEM segment was expected to hold the largest market share in 2023. This is a result of the growing quantity of electric cars that are made, purchased, provided, and required.

Regional Analysis

The global electric vehicle tires market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe electric vehicle tires market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The electric vehicle tires market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World electric vehicle tires market comprises of the Middle East, Africa, and Latin America.

The largest market share for electric vehicle tires was maintained by the North American regional sector. This increase is attributed to electric car use growing across North America, especially in the US. The use of hybrid and electric vehicles is accelerating in the area, which is driving up demand for tires specifically designed for electric vehicles. The North American market is supported by government incentives, technological breakthroughs, and rising environmental sustainability consciousness. This market includes the creation, manufacturing, and distribution of tires made especially for electric cars.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for electric vehicle tires is driven by the region's rising strong government policies supporting electric mobility, which are fueling the market expansion for electric vehicle (EV) tires. Furthermore, a noteworthy trend in Europe is the creation of linked and intelligent tires specifically designed to meet the performance needs of electric cars.

Additionally, the global market for tires for electric vehicles (EVs) was led by Asia Pacific. The use of electric vehicles is booming in this region, especially in China and Japan. Government programs encouraging environmentally friendly transportation and strict pollution controls hasten the transition to electric vehicles. With its emphasis on environmental sustainability, the Asia Pacific region's burgeoning automotive industry serves as a prime location for the expanding EV tire market.

Furthermore, the rest of the world's electric vehicle tires market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the rising awareness as people become more conscious of their influence on the environment. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global electric vehicle tires market is expected to reach USD 14.2 billion by 2032, at a CAGR of 22.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the government programs encouraging environment friendly transportation and strict pollution controls.


• Based on application, the off-road segment was expected to hold the largest market share in 2023.


• Michelin (France), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Corporation (US), Continental AG (Germany), Pirelli & C. SpA (Italy), Falken Tire, Apollo Tyre, and Nokian Tyre are the key market players.