US Electric Vehicle Tire Market 2021-2026

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    US ELECTRIC VEHICLE TIRE MARKET

     

    INTRODUCTION

    The tyre is a complicated technological component of modern automobiles that must execute a number of duties. It must cushion, dampen, give strong directional stability, and last for a long time. Thereby the EV based tires have been properly integrated to an integrated approach of EV Propulsion effectiveness. 

     

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    A high-tech tyre must be as balanced in all of its features as feasible. Concentrating development fully on a single feature is unavoidable, at the expense of all other qualities. A tyre optimised only for rolling resistance, for example, would inevitably perform worse in another area. Wet braking is a typical illustration of a goal conflict in action.

     

    A height-width ratio (aspect ratio) of 65% is standard for many vehicles today and modern tyres are getting even wider now having a height-width ratio as low as 25%. These ultra low-profile tyres are, however, built for special high-performance EV cars. Modern passenger car radials are composed of up to 25 different structural parts and as many as 12 different rubber compounds. The main structural elements are the casing and the tread/belt assembly.

     

    US ELECTRIC VEHICLE TIRE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Einride partners with Bridgestone as its exclusive US EV tire supplier Autonomous Class 8 EV developer Einride announced a partnership with Bridgestone to co-develop safer and more efficient solutions for commercial fleet EVs. Through the partnership, Bridgestone becomes the exclusive tire supplier to Einride’s electric and autonomous trucks in the US. USA This would enhance better EV Adoption and better tire technologies harnessing.

     

     

    US ELECTRIC VEHICLE TIRE MARKET DYNAMICS

    EVs can be solely driven with stored electrical power, some can generate this energy from an ICE, and there are also some vehicles that employ both the ICE and the electrical motors together. An electric vehicle, unlike its ICE counterparts, is quite flexible. Tire roar is really noticeable in EVs, in some cheaper vehicles it’s almost a problem, but tire manufacturers are working on ways to improve their products specifically for electric vehicles.

     

    Tire roar is really noticeable in EVs, in some cheaper vehicles it’s almost a problem, but tire manufacturers are working on ways to improve their products specifically for electric vehicles. However, one of the numerous advantages of electric vehicles is a considerable rise in weight. Batteries are hefty, putting additional strain on electric car tyres.

     

    The more recent market focus in the EV tyres has been the rolling resistance of a tyre which becomes much more important in electric vehicles. Reduced rolling resistance aids in mitigating the increased tyre wear caused by immediate torque. Less friction equals more economy and range, while also adding to tyre longevity and the overall sustainability of your vehicle. Low noise tyres help to a smooth and silent driving experience in the absence of engine noise.

     

    Wheel alignment is important for reducing tyre wear and should be checked every 6 months, or sooner if you have struck a curb, pothole, or other obstruction. An professional may inspect the tyre for excessive wear, particularly on the inside edge, and will propose alignment or rotation if necessary.

     

     

    US ELECTRIC VEHICLE TIRE MARKET SEGMENTATION

     

    The US Electric Vehicle Tire Market can be segmented into following categories for further analysis.

     

    By EV Classification

    • BEV
    • HEV
    • FCEV

     

    By Tyre Construction

    • Radial Tyres
    • Bias Tyres
    • Composite Tyres

     

    By OEM

    • Tesla
    • GM
    • Ford
    • Stellantis
    • Hyundai-KIA
    • Other OEMs

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN US ELECTRIC VEHICLE TIRE

    The differences between present-day electric vehicles and traditional, gas-powered vehicles are significant. EVs are generally heavier than their internal combustion engine-equipped counterparts. They generate more torque and less noise.  EV range is not always comparable to what a tank of gas can deliver. EVs are heavier than their petrol or diesel equivalent, putting extra wear on tyres, and efficiency is more important than ever, as every kilowatt hour is needed to extend the driving range on one charge.

     

    The US EV Tyres industry has been technologically innovated to have better compliance levels to the standards required for quiet levels of operations. The technology concept has a tall and narrow structure at nearly 1m in diameter. This larger diameter would deliver efficiency, comfort, and performance benefits, from lower rolling resistance to increase the energy efficiency and range to improved ride and wet grip performance.

     

    There has also been innovation in creation of a unique, nature-inspired tread pattern that improves both comfort and handling This would have roughly 100 more blocks in its tread band than the normal tyre, resulting in a much quieter ride, an important aspect for guaranteeing comfort in electric cars. Furthermore, the tread groove compound is inspired by the properties of a natural sponge.

     

    COMPETITIVE LANDSCAPE

    There has been a growing competition in Europe considering their large-scale collaborative efforts with Public Private initiatives throughout the Union nations for better mobility solution placement and alongside the mobility of a large-scale production capability of EV Tires. Since, the Tires form one of the most important after sales products in the nations, The European Companies have taken specific interest in coping up with the EV Production scale requirements. 

     

    Bridgestone has been one of the high technology developer of Electric Vehicle tyres. The Turanza Eco in size 195/55 R16 91V XL offers a compelling all-round package, with a double-A label rating that simultaneously means low rolling resistance and a high level of wet grip. The Turanza Eco is manufactured with Bridgestone’s Enliten Technology, which helps to minimise rolling resistance by up to 30% less than a regular premium summer tyre. It also implies that the tyres are around 20% lighter.

     

    The tyre was chosen by Volkswagen as one of the initial tyre approvals for the ID.3, the brand’s first entirely battery driven electric vehicle, and by Fiat for its electric 500 La Prima. Its eco-friendliness was also important in obtaining approval for VW’s eighth-generation Golf. The Continental AG has been one of the most technologically improvised tyres in the US Market. 

     

    Continental EcoContact 6 can provide up to 20% more mileage and 15% less rolling resistance than the previous tyre. The tyre also enhances its driving performance, with more accurate handling and shorter braking distances, thanks to Conti’s Green Chili 2.0 compound. It has approvals from a dozen European vehicle manufacturers, including – like the Turanza Eco – the ID.3 and 500 La Prima.

     

    COMPANIES PROFILED

    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, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    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, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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