EV Tires Market Set for Rapid Growth Driven by Electric Vehicle Adoption and Innovation in Tire Technology | FMI Reports

The global electric vehicle (EV) tire market is projected to reach an estimated valuation of approximately USD 9,444.1 million in 2023. A recent market survey indicates that the demand for EV tires is expected to increase by 26.6% from 2023 to 2033. Furthermore, analysis of the EV tire market suggests that this figure could surge …

EV Tires Market Trends, Growth, Future Demand, Analysis and Forecast by 2031

According to assessment, sales of EV tires are projected to increase at 12% -14% CAGR over the next ten years (2021-2031). Increased average vehicle life, higher kilometers driven per year, growing concern for maintenance and safety, technological developments leading to longer tire life, and other factors are boosting the EV tires market. What is Driving …