According to a new report published by Introspective Market Research, titled, Electric Vehicle Tire Market by Vehicle Type, Propulsion Type, and Application, The Global Electric Vehicle Tire Market Size Was Valued at USD 19.42 Billion in 2023 and is Projected to Reach USD 21.13 Billion by 2032, Growing at a CAGR of 21.13%. The Electric Vehicle Tire Market has emerged as a vital segment within the automotive industry, driven by exponential electric vehicle (EV) adoption across passenger and commercial categories. EV tires are architected for higher torque, heavier loads, and longer life compared to traditional tires, delivering low rolling resistance, optimal grip, and reduced noise, which are crucial for EV range and comfort. Growing governmental incentives, emission regulations, and collaborations between automakers and tire producers have resulted in rapid tire innovation, such as materials that enhance energy efficiency and new tread patterns maximizing driving performance.
Advancements in tire technology—including real-time monitoring, sustainable compound development, and AI-driven manufacturing—are transforming the market. Leading tire brands continually introduce OE and aftermarket solutions tailored for battery electric vehicles, hybrids, and heavy-duty EVs. As infrastructure for EV charging expands and consumer preference for eco-friendly vehicles accelerates, tire manufacturers are focusing on extending tire lifespan, improving safety, and supporting sustainable mobility solutions.
The Electric Vehicle Tire Market is segmented into Vehicle Type, Propulsion Type, and Application.
- By Vehicle Type, the market is categorized into (Passenger Cars, Commercial Vehicles, Two-Wheelers).
- By Propulsion Type, the market is categorized into (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Vehicles).
- By Application, the market is categorized into (On-Road, Off-Road).
A key growth driver is the surge in electric vehicle sales globally, accelerated by stringent emission standards and expanding government incentives. Automakers and tire suppliers are collaborating to create specialized EV tires featuring reinforced sidewalls, silica rubber compounds, and smart sensors for real-time monitoring. These innovations enable improved safety, longer range, and reduced rolling resistance critical for maximizing EV performance and consumer satisfaction.
The market presents significant opportunities in advanced tire technology and sustainable manufacturing. With demand for durable, low-maintenance, energy-efficient tires climbing, manufacturers investing in smart, self-healing, and recyclable tire solutions are poised for growth. Expansion of fast-charging networks, especially in Asia-Pacific and Europe, further fuels aftermarket demand as EV adoption becomes mainstream and fleets require scalable, high-performance tires.
Electric Vehicle Tire Market, Segmentation
The Electric Vehicle Tire Market is segmented on the basis of Vehicle Type, Propulsion Type, and Application.
Vehicle Type
The Vehicle Type segment is further classified into Passenger Cars, Commercial Vehicles, and Two-Wheelers. Among these, the Passenger Cars sub-segment accounted for the highest market share in 2024. Strong EV adoption in urban settings, partnership launches between automakers and tire brands, and regulatory incentives have cemented passenger car dominance. Cutting-edge tires for sedans and SUVs blend low rolling resistance, noise reduction, and improved wet/dry grip, supporting the rapidly expanding market.
Propulsion Type
The Propulsion Type segment is further classified into Battery Electric Vehicles, Hybrid Electric Vehicles, and Plug-in Hybrid Vehicles. Among these, Battery Electric Vehicles (BEVs) held the leading share in 2024. As automakers shift toward fully electric models, BEVs require tires engineered for maximum efficiency, handling heavier battery loads, and reducing rolling resistance to extend driving range.
Some of The Leading/Active Market Players Are-
- Michelin (France)
- Bridgestone Corporation (Japan)
- Continental AG (Germany)
- Goodyear Tire & Rubber Company (USA)
- Pirelli & C. SpA (Italy)
- Yokohama Rubber Co., Ltd. (Japan)
- Hankook Tire & Technology Co., Ltd. (South Korea)
- Apollo Tyres Ltd. (India)
- Kumho Tire Co., Inc. (South Korea)
- Sumitomo Rubber Industries, Ltd. (Japan)
- Toyo Tire Corporation (Japan)
- Nexen Tire Corporation (South Korea)
- MRF Limited (India)
- CEAT Limited (India)
- Maxxis International (Taiwan)
- Other active players.
Key Industry Developments
In May 2025, Pirelli launched the P Zero Fifth Generation tire, engineered specifically for electric vehicles with AI-driven tread patterns and low rolling resistance, extending EV range and improving noise reduction. The Cinturato Summer Tire, designed for luxury EVs, features top wet grip ratings and silent technology, targeting Pirelli’s targeted volume growth and expanding partnerships with premium automakers.
In February 2025, Michelin introduced the e.Primacy All-Season tire, front-loaded for EVs, that extends vehicle range up to 32 km and lasts up to 21,000 km longer, utilizing GreenPower Compound and Piano Acoustic Technology for comfort and efficiency. Michelin also extended its partnership with Hyundai to co-develop next-generation tires for premium EVs, focusing on eco-design and real-time monitoring.
Key Findings of the Study
- Passenger Cars and Battery Electric Vehicles dominate global market share.
- Europe, led by Germany, and Asia-Pacific offer highest growth rates.
- Tire technology advances, including low rolling resistance and smart sensors, drive demand.
- Sustainability, AI-driven features, and recycling initiatives shape future trends.
- OEM–tire maker collaborations accelerate product launches and adoption.
