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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Electric drive technology reduces engine noise, pollutants, maintenance expenses, and running costs as compared to combustion-powered vehicles. But a large increase in weight is one effect of the many advantages of electric vehicles. Because batteries are hefty, the tires of electric cars are put under additional stress.
There are both good and bad aspects to the torque of an electric engine. On the plus side, it results in immediate acceleration. On the other hand, the tires are put under more stress because of the high immediate torque.
Germany, which produces one out of every three cars in the continent, is the motor industry's economic engine.
The German EV Tire Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030 registering a CAGR of XX% from 2024 to 2030.
The Ventus iON S, the first summer tire in a new line of tires created especially for electric cars, has been introduced by Hankook Tire. By adopting this strategy, the business hopes to significantly advance the mobility transition to zero-emission cars from the standpoint of tire selection.
The Hankook Winter i*cept iON is one of the new, premium electric car "iON" tire family members, which also includes the new summer tire.
Reduced rolling resistance, exceptionally low noise rolling qualities, and strong load-bearing capacity are all features of the new tire. This translates to a greater range per battery charge and a superior driving experience for EV drivers as compared to traditional tires.
The new Hankook iON products are also specifically made for the instantaneous high torques generated by powerful electric cars. The new Hankook Ventus iON S provides an extensive range of technical solutions to fulfil the tough daily needs of EV tires.
Hankook has specifically increased load capacity to offset the higher vehicle mass of electric cars, which is brought on by the weighty driving batteries. Ultra-resistant aramid fibers, among other things, successfully offset the deformation stresses brought on by the very high torque in electric cars.
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 |