EUROPE EV TYRE MARKET

INTRODUCTION TOEUROPE EV TYRE MARKET

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.

The possibility of electric vehicles has long been considered a game-changer for the market for EV tyres. Low rolling resistance might be difficult to accomplish, but it is possible with the right tread cap compound composition. 

The market for EV tyres is growing favourably due to the doorstep tyre replacement services offered by major manufacturers.

EUROPE EV TYRE MARKET SIZE AND FORECAST

The Europe EV Tire Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030. 

EUROPE EV TYRE MARKETNEW PRODUCT LAUNCH 

In order to specifically meet the needs of electric sports vehicles, Michelin has introduced its first tyre. This is the first Michelin tyre created to specifically address the handling and range needs of electric sports vehicles and was released in reduced road noise for more comfortable travel. 

Due to Michelin's distinctive experience in Formula E racing, it is a CO2-neutral tyre at the point of sale that is environmentally friendly The market for original equipment and replacement electric sports car tyres is presently dominated by Michelin, a single manufacturer. 

A total of 16 sizes for 18 to 22-inch rims are available for the MICHELIN Pilot Sport EV (11 sizes for original equipment and 5 sizes for the aftermarket market).

EUROPE EV TYRE MARKET DYNAMICS

Hankook Tire & Technology will offer its iON brand, which is made for high-performance electric vehicles (EVs), across Europe, making it the first tiremaker in the world to do so. 

The iON goods will be sized between 18 and 22 inches and come in three patterns: summer, winter, and all-season.

Hankook Tire created eco-friendly automotive technology before EVs became widely popular, providing its goods for the Porsche Taycan, Audi e-Tron GT, Volkswagen ID.4, Tesla Model Y and Model 3 as well as other eco-friendly automobiles.

The tread compound, which has a high percentage of natural resin, also offers exceptional longevity and minimal wear, according to the manufacturer.

EUROPE EV TYRE MARKETCOMPANY PROFILE

• Michelin
• Goodyear 
• Dunlop Tyres
• Aeolus Tyres Co Ltd

THISEUROPE EV TYRE MARKETREPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per Europe EV Tyre Marketright now and how will it change in the next 5-6 years?  
2. The average cost to set up anEV Tyre Marketin Europe? 
3. How manyEurope EV Tyre Marketare 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 a Europe EV Tyre Market and key vendor selection criteria 
6. Where is theEurope EV Tyre Marketmanufactured? What is the average margin per equipment? 
7. Market share ofEurope EV Tyre Market manufacturers and their upcoming products 
8. The most important planned Europe EV Tyre Market in the next 2 years 
9. Details on a network of majorEurope EV Tyre Market and pricing plans 
10. The cost advantage for OEMs who manufactureEurope EV Tyre Market in-house 
11. 5 key predictions for the next 5 years inEurope EV Tyre Market 
12. Average B-2-BEurope EV Tyre Marketprice in all segments 
13. Latest trends inEurope EV Tyre Market, by every market segment 
14. The market size (both volume and value) ofEurope EV Tyre Marketin 2024-2030 and every year in between? 
15. Global production breakup ofEurope EV Tyre Market, by suppliers and their OEM relationship