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Last Updated: Apr 25, 2025 | Study Period: 2022-2027
As the popularity of electric cars (EVs) rises, tire manufacturers are increasingly providing tires designed expressly to improve the performance of EVs and assist the market's expansion.
Electric drive technology reduces engine noise, pollutants, maintenance expenses, and running costs as compared to combustion-powered vehicles. Using design and manufacturing methods including unique tread patterns, sound-absorbing foam, and rubber compounds, EV cars may have their noise levels reduced.
Because EV-specific tires are designed to sustain the increased load, they are crucial for achieving the best performance and would wear out more quickly if an EV ran on ordinary tires. EV tires must perform better in terms of traction, steering, and braking since EVs have strong initial acceleration and high output from the time a driver presses the pedal.
The Brazil 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.
To meet the unique needs of electric sports vehicles, Michelin has introduced its first tire. Michelin, a founding member of Formula E, put out a particular idea for the competition's all-electric single-seaters that was conceptually akin to a road tire. The Michelin Formula E tire can race in every kind of weather, and its size, 18 inches, is typical for modern road cars.
The MICHELIN Pilot Sport EV incorporates ElectricGrip CompoundTM technology, which features a hard compound for the center of the tread to provide the grip necessary to handle the high torque characteristics of electric sports cars. This technology directly benefits from the advancements Michelin has made over six seasons in Formula E.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
21 | Product installation rate by OEM, 2022 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2022 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |