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.
Top Participants are included in this EV Tire Market 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.
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The latest research on the EV Tire market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global EV Tire 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 Tire 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.
COVID-19 Impact on EV Tire Market
COVID-19 pandemic has affected almost every industry globally and the long-term effects of COVID-19 on the animal feed organic trace minerals market are distressing. Due to the rapid outbreak of COVID-19 disease manufacturing companies were forced to shut down their manufacturing plants to constrain the spread of the virus. Shutting down of companies resulted in high pricing of animal feed products that were available in the market resulted in ignorance by farmers to purchase these products. After the decline in the cases of COVID-19 manufacturing companies were refrained from operating with the maximum number of workers which resulted in less production and a shortage in supply. Various governments-imposed bans on imports and exports of goods thus resulting in scarcity of raw materials used in the production of animal feed. During the pandemic, people were more concerned about their health which prevented them from buying products for animal nutrition. Recovering economies and proper supply chains are expected to shape the development in the animal feed organic trace minerals market during the forecast period
Key Important Features Which Are under Offering and Key Highlights of the EV Tire Market Report:
– Detailed Summary of Market
– Changing market dynamics of this industry
– Forex marketplace segmentation with Type, Program etc.
EV Tire Market Segmentation:
In market segmentation by Type, EV Tire Market report covers:
Radial Tires,Bias Tires,Composite Tires
In market segmentation by Propulsion, EV Tire Market report covers:
BEV,HEV,PHEV
Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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The report covers exhaustive analysis on:
- The market size and industry growth rate of the global and regional market across various segments
- Based on extensive primary and secondary research this report provides comprehensive and granular data
- Key technological advancements and market trends that shape the market
- Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2023-2030
- Key companies operating in this market and their market share
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