- Light electric vehicle sales are forecast to grow 17.5% CAGR globally from 2024 to 2029
- Sustainable EV tires by volume will grow 15.8% CAGR from 2024 reaching 884.6 million units in 2029
- Global consumption of raw materials for EV tires will grow 16.7% CAGR to 22.2 million tonnes.
- How the strong growth of electric car markets is having a major impact on tire design
- What technologies the major tire suppliers and automotive manufacturers are investing in to meet sustainability targets
- How the approaching need for tires that can operate 24/7 for commercial and autonomous vehicles will impact tire design
- How suppliers of sustainable tires for EVs will approach the opportunities and threats in the industry.
This report analyses specific developments and trends for sustainable tires for EVs, including value and volume growth data for key materials, application by vehicle type and performance level, and adoption in key global regions. Analysis is also conducted of the confluence of electric, autonomous and shared vehicle trends, regulatory outlook, technology outlook, changing supply chains, and tire manufacturing evolution.
The Smithers methodology
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy the report?
- Tire makers
- Equipment suppliers to the tire industry
- Producers of tire materials
- Participants in the tire markets value chain
N. Omar Meneghelli is an independent consultant, coach and trainer with a deep background in the tire and automotive industries, and extensive experience in Six Sigma leadership, root cause analysis and quality strategy development. His expertise in technical service, quality assurance and continuous improvement has positioned him in roles throughout his career to support top tire industry management globally.
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