SOUTH AFRICA EV TIRE MARKET
INTRODUCTION
Electric vehicles require specialised tyres for a number of reasons. Compared to internal combustion vehicles, tyres must support more weight and provide more power to the road when accelerating from a stop.
The growth in demand for smart vehicles and the development of autonomous connected automobiles are what are propelling the industry as a whole.
The recent launch of the 5G network and the growing preference for autonomous vehicles over human-driven ones have greatly increased the demand for electric automobiles.
The speedy advancement of current technology associated with smart automobiles is another element influencing a huge populace to select them.
SOUTH AFRICA EV TIRE MARKET SIZE AND FORECAST
The South Africa EV Tire Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
NEW PRODUCT LAUNCH
The new ElectricDrive GT from Goodyear Tire is the first replacement tyre made by the firm, particularly for electric vehicles (EVs) in North America; to begin with, it is meant for the Tesla Model Y.
The ElectricDrive GT tyre from Goodyear is a super-high performance, all-season rubber designed to last a long time and offer the peaceful ride associated with EV driving.
With their enormous battery packs, EVs have increased weight that traditional tyres would not be able to support for an extended length of time. EVs also have instantaneous and constant torque when moving.
Tire manufacturers like Goodyear have created their own tyres, particularly for EVs that can manage the performance offered by these vehicles to address this.
MARKET DYNAMICS
Bridgestone is making its EV tyre development process more effective and sustainable by utilising ground-breaking virtual tyre modelling and simulation technologies, which reduce development time, raw material usage, and CO2 emissions while providing better precision and flexibility.
Bridgestone’s virtual tyre development skills enable it to replicate rolling resistance in actual driving situations, allowing EV tyres to be built to better optimise rolling resistance—increasing battery range—in actual driving scenarios.
Bridgestone is creating high-end tyres that assist give the best performance and adhering to strict EV specifications. Bridgestone’s EV tyres are designed with an optimised contact pressure distribution for improved wet performance and grip, and a customised pattern design for superior wear performance.
Bridgestone’s EV tyres use revolutionary 3D sipes technology to minimise rolling resistance.
COMPANY PROFILE
- Goodyear Tire
- Bridgestone
- MICHELIN
- Green wheels
THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS
- What is the average cost per South Africa EV Tire Market right now and how will it change in the next 5-6 years?
- The average cost to set up an EV Tire Market in South Africa?
- How many South Africa EV Tire Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a South Africa EV Tire Market and key vendor selection criteria
- Where is the South Africa EV Tire Market manufactured? What is the average margin per equipment?
- Market share of South Africa EV Tire Market manufacturers and their upcoming products
- The most important planned South Africa EV Tire Market in the next 2 years
- Details on a network of major South Africa EV Tire Market and pricing plans
- The cost advantage for OEMs who manufacture South Africa EV Tire Market in-house
- 5 key predictions for the next 5 years in South Africa EV Tire Market
- Average B-2-B South Africa EV Tire Market price in all segments
- Latest trends in South Africa EV Tire Market, by every market segment
- The market size (both volume and value) of South Africa EV Tire Market in 2022-2027 and every year in between?
- Global production breakup of South Africa EV Tire Market, by suppliers and their OEM relationship
