India Electric Vehicle Tire Market Forecasts 100% CAGR Growth Through 2027

India Electric Vehicle Tire Market Forecasts 100% CAGR Growth Through 2027

India Electric Vehicle Tire Market Report Overview:

According to the latest market study by MarkNtel Advisors titled India Electric Vehicle Tire Market Size, Share, Trends, Growth, Opportunity Analysis 2022-2027” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

India Electric Vehicle Tire Market Insight:

The India Electric Vehicle Tire Market is projected to grow at a CAGR of more than 100% during the forecast period, i.e., 2022-27. 

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Possible Restraint: Improper Charging Infrastructure Affecting the EV & Tire Sales

Since the adoption of EVs on a large scale is yet to be fledged across the country, the lack of well-established charging infrastructure is contributing to slow-paced vehicle sales. It, in turn, is demonstrating a restraining effect on the EV Tire market across India.

Competitor Insight: India Electric Vehicle Tire Market

This report focuses on major market participants like:

  • Apollo Tyres
  • Bridgestone
  • Ceat Tire
  • Continental AG
  • Cooper Tire & Rubber Company
  • Goodyear Tire & Rubber Co.
  • Hankook Tire & Technology Co. Ltd.
  • Michelin
  • Nokian Tyres
  • Pirelli & C. S.p.A.
  • Yokohama Rubber Co. Ltd.
  • Others

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Segmentation Summary: India Electric Vehicle Tire Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the India Electric Vehicle Tire Market, with notable highlighting on:

-By Product Type

  • Radial Tires
  • Bias Tires
  • Composite Tires

Radial Tires are anticipated to acquire the largest share in the India Electric Vehicle Tire Market during the forecast period. This growth attributes to the predominant utilization of radial tires entwined with increasing investments by several prominent tire manufacturers in the development of EV Specific Radial Tires to cater to the growing EV sales in India. Backed by the unparalleled features of radial tires like ultra-low rolling resistance, higher durability, enhanced wet & dry traction, lower energy usage, and road performance, among others, radial tires stand out from their counterparts & constantly pave their way in the EV industry.

-By Vehicle Type

  • Passenger Cars
  • Commercial Cars
  • Two-Wheelers

-By Tire Size

  • Up to 14”
  • 15”-18”
  • Above 18”

-By Propulsion

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)

-By Sales Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarkets

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the India Electric Vehicle Tire market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others.

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