EV Tires Market Report 2026

The ev tires market size has grown strongly in recent years. It will grow from $20.41 billion in 2025 to $22.01 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to ev sales growth, tire technology evolution, need for efficiency optimization, automotive electrification, early ev tire adaptations.

The ev tires market size is expected to see strong growth in the next few years. It will grow to $29.83 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rising ev production volumes, sustainability regulations, demand for extended range, advanced tire materials, performance optimization for evs. Major trends in the forecast period include development of low rolling resistance tires, use of lightweight and sustainable materials, noise-reduction tire designs, demand for high torque handling, expansion of ev-specific tire lines.

The rising demand for electric vehicles is anticipated to drive the growth of the EV tires market in the future. Electric vehicles (EVs) are cars powered primarily or entirely by electricity stored in rechargeable batteries. EV tires are specifically designed for electric vehicles to optimize efficiency, performance, and safety, supporting the broader adoption of electric transportation. For example, in April 2024, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, reported that nearly 14 million new electric cars were registered globally in 2023. This marked a 3.5 million unit increase in electric car sales from 2022, representing a 35% year-over-year growth. As a result, the growing demand for electric vehicles is fueling the expansion of the EV tire market.

Major companies operating in the EV tire market are focused on introducing innovative EV tires leveraging advanced technologies, such as ENLITEN technology, to gain a competitive edge in the market. ENLITEN technology refers to a revolutionary tire technology that focuses on reducing the environmental impact of tires, fleets, and vehicles by utilizing proprietary lightweight materials in tire composition to achieve low rolling resistance (LRR), resulting in reduced fuel consumption for combustion vehicles, an improved wear rate, and more durable tires. For instance, in May 2023, Bridgestone Corporation, a Japan-based tire manufacturing company, launched the new Turanza EV Grand Touring Tire, the company’s first-ever replacement tire with Bridgestone ENLITEN technology, created especially for high-end electric cars. This tire was thoughtfully created with the special characteristics of electric vehicles in mind. It enhances the experience of driving an EV by offering good tread life, low ride noise, and secure wet handling. It features ENLITEN technology, a revolutionary core technology that focuses on next-generation tread compounds, new structural components, and increased efficiency.

In January 2025, Enso Tires Corp., a US-based tire company, partnered with Interface 24/7 Limited (i247) to expand its EV tire network. Through this partnership, Enso Tires and i247 aim to improve the availability and servicing of EV-specific tires by utilizing i247’s extensive retail and service infrastructure. The collaboration is intended to enhance customer access, accelerate tire installation, and support EV adoption through tires specifically engineered for electric vehicles. Interface 24/7 Limited is a US-based automotive service and parts company specializing in the retail and servicing of tires and replacement components for passenger and commercial vehicles.

Major companies operating in the ev tires market report include MRF Limited, JK Tyre & Industries, Cheng Shin Rubber Industrial Co. Ltd., Caterpillar Inc., Continental AG, Bridgestone Corporation, Michelin Group, Sailun Group, Goodyear tyre and rubber company, Nokian Tyre, Hankook Tire & Technology Co. Ltd., Yokohama rubber Co. Ltd, Kumho Tire Co. Inc., Apollo tyre, Giti Tire, Cooper Tyre and Rubber Company, Titan International Inc., Pirelli & C. SpA, Maxxis International, Falken tyre, Sumitomo Rubber Industries, Trelleborg Wheel Systems, CEAT Limited, Federal Corporation, Nexen Tire.

Asia-Pacific was the largest region in the EV Tires market in 2025. It is expected to be the fastest-growing region in the forecast period. The regions covered in the ev tires market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ev tires market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The EV tire market consists of sales of low-rolling-resistance tires, performance tires, grand touring tires, and run-flat tires. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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