The India Electric Vehicle Tire Market Size, Share, and overview research report forecast 2022-2027 offers a comprehensive overview of the market, including current trends and forecast growth in terms of service and products. The reader may use this information to better understand the market under consideration's quantitative growth elements. This research focuses on crucial market growth indicators and examines revenue development, value chain analysis, and geography studies in great detail.
To get a competitive edge in the industry, top suppliers are focusing on providing high-quality, economical, and new technologies employing existing materials. Leading producers compete in terms of price, quality, design, and aftermarket support. The competition is increasing and getting better thanks to technological know-how and investments made through partnerships and agreements.
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The study's objective was to:
- Market size by major regions/nations and other study segments are taken into account and analysed.
- A better comprehension of market structure.
- Identifies, portrays, and examines Market Players to determine value, share, the competitive landscape, SWOT analysis, and future development strategies.
- To assess the market's particular growth trends, potential, and overall commitment.
- To convey in-depth information about the major market growth influences (growth potential, industry-specific challenges, and risks).
- To assess the market's size in relation to important regions and the relevant main countries.
- To assess market developments for competitive analysis, such as market growth, partnerships, new product introductions, and acquisitions.
Industry Players Development
- In Aug, 2022, Corrit Electric, a Gurugram-based electric vehicle start-up, has introduced two variants of electric bikes in India, namely Hover 2.0 and Hover 2.0+ having low-speed fat tires and claim to offer 110 km of range per charge. The best part is their transition time of just 3 seconds for 0-25 kmph.
- Same month in 2022, citing the specific requirement of Electric Vehicles, particularly for Two-wheelers and Passenger cars, Apollo Amperion launched EV tires. These variants project unparalleled rolling resistance, electric tread patterns, low noise, aerodynamic sidewall, catering to the needs of compact SUVs, hatchbacks, and sedans in India. These tires are used by Tata Nexon, Hyundai Kona, MG ZSE. With this, Apollo has become the first company to launch a 5-star rating tire.
- Ceat, a prominent manufacturer, launched Winenergy X3-R tires, specially designed for Electric buses. The tire is expected to deliver a 30 percent improved mileage and better rolling resistance, with reduced noise to almost half. With a Robust casing, the composition is all steel and almost tubeless. So far, these are available in two sizes 295/80R22.5 255/70R22.5.
Competitively in the India Electric Vehicle Tire Market:
To create superior business plans and obtain a competitive advantage, it is essential to consider historical firm performance, basic operational techniques, and the product and service portfolio. This research provides an in-depth analysis of the leading players in the worldwide India Electric Vehicle Tire market historical firm performance, basic operational techniques, and the product and service portfolio. These businesses have engaged in a number of joint ventures, collaborations, mergers, and acquisitions in order to forge a strong position in the market:
Top Companies of India Electric Vehicle Tire Market
-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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Important India Electric Vehicle Tire Market Segmentation
The market segmentation section explains segments to readers. The report outlines their historical development as well as the future course they will probably take. In-depth details on new trends that may influence these segments' future are also included. In addition to providing projections for 2022-2027 at the global, regional, and national levels, the report looks at important trends in each sub segment of the worldwide market.
By Vehicle Type
-Passenger Cars
-Commercial Cars
-Two-Wheelers
By Product Type
-Radial Tires
-Bias Tires
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
Important Concerns Addressed in This India Electric Vehicle Tire Market Report:
- How has the worldwide India Electric Vehicle Tire Market performed thus far, and how will it fare in the years to come?
- What effect did COVID-19 have on the market?
- Which geographical markets are most crucial?
- How does the market division appear?
- What are the various steps in the industry's value chain?
- What are the industry's primary driving forces and obstacles?
- How is the India Electric Vehicle Tire Market structured globally, and who are the key players?
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