Electric Vehicle Tire Market Size and Trends

The global electric vehicle tire market is estimated to be valued at US$ 4.18 Bn in 2025 and is expected to reach US$ 16.91 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 22.1% from 2025 to 2032.

Electric Vehicle Tire Market Key Factors

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Various factors such as rising demand for electric vehicles due to stringent emission norms and growing environmental concerns are fueling the demand for electric vehicle tires.

Market Driver - Technological advancements in tire manufacturing for EVs

Rapid technological advancements in tire manufacturing is a key driver behind the growth of the electric vehicle tire market. With increasing popularity of EVs across the world, tire manufacturers are focusing on developing specialized tires specifically designed for electric vehicles. As compared to conventional vehicles, electric vehicles are heavier due to large batteries. They also require different gripping ability due to heavy torque generated by electric motors.

To cater to these unique requirements of EVs, tire makers are investing heavily in research and development. New silica and rubber compounds are being experimented to provide better traction and handling abilities in all driving conditions. Silica improves the silica reinforcement of the tires giving a superior handling balance. Meanwhile, advanced rubber compounds help in reducing the rolling resistance of tires which directly impacts the mileage of electric vehicles. Lower rolling resistance enables electric vehicles to run longer on single charge.

Furthermore, continuous tread designs and different tread patterns are optimized to dissipate heat generated in tires more efficiently. Unlike fuel-powered vehicles, braking system in electric vehicles relies more on regeneration which produces significant heat. Advanced tire designs ensure effective heat removal without compromising on other performance aspects. Some tire manufacturers have also started using green, renewable materials in tire manufacturing which align well with the sustainability aspect of electric mobility.