AUSTRIA EV TIRE MARKET

INTRODUCTION

Battery-powered cars using an electric motor in place of a combustion engine are known as electric vehicles. To handle high torque, which causes increased tyre wear, electric vehicles need tyres with stronger structures and more durable rubber formulations.

Since electric cars have been around for a while, EV tyres have undergone an increase in innovation in recent years.

The market's expansion is linked to the government's growing preference for electric vehicles as a means of reducing carbon emissions, a sharp increase in the sales of light electric vehicles, and a growing propensity for electrifying public transit by introducing electric buses.

AUSTRIA EV TIRE MARKET SIZE AND FORECAST

The Austria 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 first family of premium tyres specifically created for electric vehicles will be introduced by Hankook, a manufacturer of high-end tyres, under the name iON. The firm hopes to advance the mobility transition to zero-emission cars by adopting this strategy, which will have a significant impact on the tyres that are chosen.

Further reduced rolling resistance, significantly reduced rolling-noise characteristics, and great resilience are all features of the latest iON tyre development.

Drivers of electric automobiles will benefit from having a longer range per battery charge and a more pleasant driving experience overall thanks to these tyres as opposed to traditional ones.

Furthermore, the new Hankook iON products are specially made for the strong instantaneous torques produced by powerful electric cars. At the time of their market debut, the iON devices will be offered in three different styles and size options.

MARKET DYNAMICS

With Borrow, a short-term, totally electric automobile subscription business located in West Hollywood, California, The Goodyear Tyre & Rubber Company launched its most recent service innovation experiment.

To estimate and automatically schedule essential tyre maintenance and replacement, Goodyear uses its exclusive predictive tyre service solution for connected fleets.

The cloud-based technology uses vehicle data and its own algorithms to anticipate and automatically schedule tyre servicing.

An innovative form of developing mobility, in this case, a short-term leasing model, will be tested at Goodyear's Innovation Lab in San Francisco thanks to the Borrow partnership. To maximise Borrow's uptime and client experience, Goodyear focuses on servicing the fleet's tyres and offering extra services.

COMPANY PROFILE

• Bridgestone
• Continental AG
• Hankook
• Goodyear Tyre & Rubber Company

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per Austria EV Tire Market right now and how will it change in the next 5-6 years? 
2. The average cost to set up an EV Tire Market in Austria?
3. How many Austria EV Tire Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of an Austria EV Tire Market and key vendor selection criteria
6. Where is the Austria EV Tire Market manufactured? What is the average margin per equipment?
7. Market share of Austria EV Tire Market manufacturers and their upcoming products
8. The most important planned Austria EV Tire Market  in the next 2 years
9. Details on a network of major Austria EV Tire Market and pricing plans
10. The cost advantage for OEMs who manufacture Austria EV Tire Market in-house
11. 5 key predictions for the next 5 years in Austria EV Tire Market
12. Average B-2-B Austria EV Tire Market price in all segments
13. Latest trends in Austria EV Tire Market, by every market segment
14. The market size (both volume and value) of Austria EV Tire Market in 2022-2027 and every year in between?
15. Global production breakup of Austria EV Tire Market, by suppliers and their OEM relationship