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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
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. To complement the distinctive driving experience of an EV, certain tire formulations are also required.
The development of tires designed specifically for electric vehicles (EVs) relies heavily on compounds that incorporate raw elements like high-loading resin and silica sourced from natural resources.
The stronger and more durable compound, which has intrinsic durability enhancements, supports an EV's power delivery and driving characteristics better than standard compounds.
Low rolling resistance may be achieved throughout the production process using a variety of strategies, including the kind of rubber compound used, the use of stiff design patterns, tire designs, and structures.
The France EV Tire Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
Hyundai Motor Group (the Group) announced that it has joined forces with Michelin to create next-generation tires that are designed for high-end electric vehicles (EVs). The new MoU comes after the two parties' initial cooperation was successfully concluded.
It will start a new path toward the development of next-generation tires that will be fitted with the Group's clean, smart, and sustainable mobility solutions.
This collaboration with Michelin will lead to significant advancements in tire technology, strengthening Hyundai Motor Group's position as a pioneer in the field of smart mobility.
Future premium EV cars from Hyundai Motor Group will use the next-generation tires produced by the cooperation. With EVs' increasing driving range, new tire technology is essential to meeting tire durability requirements as well as driving performance and energy efficiency under heavy load.
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, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
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, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |