The global passenger electric vehicle (EV) tires market is projected to grow at a CAGR of 10.32% from 2025 to 2032, increasing from USD 27.36 billion in 2024 to USD 60.02 billion by 2032. This impressive growth is fueled by rising adoption of EVs, favorable government policies, and advancements in tire technologies. As electric vehicle ownership rises worldwide, the demand for specialized tires designed for EVs is accelerating. Government initiatives, including tax breaks and stricter emission standards, are also encouraging the shift to electric mobility.
Tire manufacturers are responding with innovations that support EV performance—enhancing features such as reduced rolling resistance, improved grip, and longer durability to increase energy efficiency and driving range. Additionally, there’s a growing focus on sustainability, leading to the development of eco-friendly tires made from recyclable and renewable materials. Given EVs’ distinct characteristics—such as heavier battery loads and higher torque—there’s a clear need for tires that can handle extra weight while ensuring better traction.
The global expansion of EV charging infrastructure is also helping boost consumer confidence, further driving EV adoption—and by extension, the demand for EV-compatible tires. As performance and low maintenance become top priorities for EV owners, tire manufacturers are investing heavily in R&D to create durable, high-performing solutions.
Example: In October 2023, Toyo Tire Corporation launched the Open Country A/T III EV—an all-terrain tire specifically designed for EV trucks and SUVs, meeting growing market needs.
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Rising EV Production Accelerates Tire Market Growth
The growing production of passenger EVs is significantly driving the tire market. Factors such as generous government subsidies, emissions mandates, and a shift toward greener transportation are propelling consumer interest in EVs. By 2030, EVs could make up to 66% of global car sales, depending on the policy environment.
This surge in production demands tires tailored to EV needs—like managing battery weight and delivering optimal traction. Enhanced tire technologies are also being developed to extend driving range and efficiency, further fueling market demand. As sustainability and low emissions become global priorities, infrastructure investments and consumer adoption continue to rise.
Example: In March 2023, Sumitomo Rubber Industries launched the FALKEN e.ZIEX tire line in Europe, specially made for EVs to meet the region’s booming demand.
Technology Drives Innovation in EV Tires
Technological progress is a major catalyst for market growth. As EV demand grows, manufacturers are prioritizing new tire innovations focused on lowering rolling resistance, reducing noise, and increasing lifespan—all critical for optimizing EV performance. Low rolling resistance tires help extend battery life and driving range by improving efficiency.
Smart tire technology is also on the rise. With IoT-enabled solutions, drivers can now monitor real-time tire data such as air pressure, temperature, and tread wear, supporting predictive maintenance and safety.
Materials science is another key area of advancement, allowing the creation of longer-lasting, high-performance tires that withstand the demands of electric mobility.
Example: In January 2024, Goodyear introduced the ElectricDrive 2 at CES, a sustainable all-season tire designed to enhance EV performance with better tread life and rolling resistance.
Battery Electric Vehicles (BEVs) Lead Tire Market Demand
Battery electric vehicles (BEVs) are leading the growth in the EV tire sector. This trend is fueled by rising consumer awareness, eco-conscious purchasing behavior, and strong governmental backing for EV adoption. Increasing disposable income and favorable policies are prompting more individuals to choose EVs for everyday use.
The growing fleet of EVs worldwide, especially BEVs, has led to a greater need for tires tailored to their unique demands. These include handling higher loads and torque, while also ensuring safety and efficiency. Manufacturers are investing in R&D to meet these evolving needs and solidify BEVs’ dominance in the tire market.
Example: In November 2024, Yokohama Rubber Co. announced that it would supply its 507U rib-lug tires for use on Isuzu’s newly launched ERGA EV low-floor bus, underscoring BEVs’ growing influence.
North America Leads the Global EV Tires Market
North America is set to lead the global market, thanks to rapid EV adoption and strong support from regulatory frameworks promoting electrification. Both the U.S. and Canada are seeing major growth, spurred by strict emissions regulations and a thriving automotive sector. These developments are increasing demand for tires tailored to EVs, capable of accommodating their unique specifications.
Technological progress by tire makers in the region is a key growth enabler, as companies create innovative, durable, and efficient tires. Strategic partnerships between tire manufacturers and EV automakers are further fueling market expansion.
Example: In October 2024, Uber partnered with ENSO to roll out their low-emission, range-extending tires in the U.S. and UK, highlighting the growing demand for EV-specific tire solutions.
Future Market Outlook (2025–2032)
Looking ahead, the market is expected to benefit from:
- Continued innovations in tire technology tailored for EVs.
- Rising consumer demand for sustainable and performance-driven mobility solutions.
- Strong regulatory push towards electrification.
- Strategic collaborations between automakers and tire companies to drive product development.
Report Scope
“Passenger Electric Vehicle Tires Market Assessment, Opportunities and Forecast, 2018–2032F”, by Markets and Data, delivers an in-depth examination of the global EV tire market. It includes detailed analysis of market dynamics, challenges, segmentation, competitive landscape, and future growth projections. The report also profiles key industry players, outlining their strategies, market share, and business models.
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