According to a new report, published by KBV research, The Global Electric Vehicle Tires Market size is expected to reach $25.60 billion by 2032, rising at a market growth of 13.1% CAGR during the forecast period.
Over the past decade the global market for tyres designed specifically or optimised for electric vehicles has evolved significantly in response to the rapid transition towards electrified mobility. As governments around the world introduced incentives and stricter emission regulations to encourage adoption of electric vehicles (EVs), traditional tyre manufacturers and mobility-industry players began recognising that the requirements for EV tyres differ from those for internal combustion engine vehicles.
The Less than 100 segment registered the maximum revenue in the Global Electric Vehicle Tires Market by Load Index in 2024, thereby, achieving a market value of $15.5 billion by 2032. The less than 100 load index segment holds a significant position in the electric vehicle tires market, supported by the widespread use of small and mid-sized electric vehicles across both passenger and light commercial categories. These tires are designed to handle moderate loads while ensuring optimal efficiency, low rolling resistance, and extended driving range—features that align with the performance requirements of most compact electric vehicles.
The OEM segment is exhibiting a CAGR of 12.7 % during the forecast period. The OEM segment in the electric vehicle tires market represents the supply of tires directly to vehicle manufacturers for factory installation during the production process. This segment is characterized by strong collaborations between tire manufacturers and automakers to develop specialized tires optimized for electric vehicles. These tires are designed to enhance range efficiency, reduce rolling resistance, and ensure superior load-bearing capacity to handle the weight of EV batteries.
The On-road segment captured the maximum revenue in the Global Electric Vehicle Tires Market by Application in 2024, thereby, achieving a market value of $21.7 billion by 2032. The on-road segment represents the primary application area within the electric vehicle tires market, driven by the widespread use of electric cars, sedans, and SUVs designed for urban and highway transportation. These tires are engineered to deliver superior performance on paved surfaces, with a focus on low rolling resistance, energy efficiency, and noise reduction—factors essential for optimizing electric vehicle range and comfort.
The Passenger Cars segment is experiencing a CAGR of 12.6 % during the forecast period. The passenger cars segment represents the leading category within the electric vehicle tires market, driven by the accelerating global shift toward electric mobility among individual consumers. Growing demand for electric sedans, hatchbacks, and SUVs has created a substantial need for tires optimized for performance, energy efficiency, and quiet operation. Manufacturers are focusing on low rolling resistance, lightweight construction, and enhanced grip to extend the driving range of passenger EVs.
The Battery Electric Vehicles (BEV) segment led the maximum revenue in the Global Electric Vehicle Tires Market by Propulsion Type in 2024, thereby, achieving a market value of $13.6 billion by 2032. The battery electric vehicles segment in the electric vehicle tires market encompasses tires designed specifically for fully electric vehicles powered solely by battery packs. These tires are engineered to provide optimal energy efficiency, low rolling resistance, and quiet operation, which are essential for extending the driving range of EVs. Manufacturers focus on advanced rubber compounds and lightweight materials to enhance performance while maintaining durability.
The 16–18” segment is growing at a CAGR of 12.6 % during the forecast period. The 16–18” rim size segment holds a leading position in the electric vehicle tires market, primarily driven by its widespread use in mid-sized electric cars and crossover vehicles. This rim range provides an ideal balance between ride comfort, handling stability, and energy efficiency. Manufacturers are increasingly focusing on developing tire models within this size range that feature low rolling resistance, optimized tread patterns, and noise-reducing technology to enhance driving performance and battery range.
The Asia Pacific region dominated the Global Electric Vehicle Tires Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $10.9 billion by 2032. The Europe region is anticipated to grow at a CAGR of 12.7% during (2025 - 2032). Additionally, The North America region would witness a CAGR of 12.2% during (2025 - 2032).
By Load Index
By Sales Channel
By Application
By Vehicle Type
By Propulsion Type
By Rim Size
By Geography
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