- The global market for EV tires is forecast to increase from an estimated $15.6 billion in 2022 to $46.2 billion in 2027
- The compound annual growth rate (CAGR) for EV tires for the report period is 24.3%
- EVs are placing further demand on tire developers to deliver ever lower rolling resistance, road noise and particle generation.
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- The push for electric mobility and EV-specific tires remains strong due in large part to unwavering intensified government and corporate support. Even with significant previous development of ‘green’ tires in past years, the accelerating market expansion of EVs is requiring tire makers to innovate in the areas of supporting increased vehicle weight and torque, extending battery range through reduced rolling resistance and delivering a nearly silent ride for passenger comfort in the vehicle cabin.
- Technology developments are covered in this report from the perspectives of consumers, producers and vehicle suppliers, including new feedstocks and materials, evolving performance parameters, new tire designs, capabilities and value
- Across the end-use sectors and global regions, EV tire demand is driven by global agreements, greenhouse gas emissions regulation, and technology subsidies and mandates
- The momentum for EVs and EV tire uptake continues despite threatened or actual recession, inflation, war escalation/expansion, or worse financial and supply chain crises.
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, tire OEMs and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy this report?
- Tire makers
- Producers of tire materials
- Equipment suppliers to the tire industry
- Participants in the tire markets value chain
- Industry analysts and researchers
Arthur Mayer has many years of experience in the tire industry, working in a variety of roles at Dealer Tire and as a contract writer and consultant covering a wide range of nontechnical tire topics for Smithers and its clients. He was a speaker at recent Smithers’ Traction conferences, covering the fast-emerging area of sensors and intelligent tires.
Name The Impact of Electric Vehicles on Tires to 2027
Date 12/23/2022
Price $6750.00
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