North America Electric Vehicle Tires Market Size, Share & Industry Analysis Report By Load Index (Less than 100 and Above 100), By Sales Channel, By Application, By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles
Description
The North America Electric Vehicle Tires Market would witness market growth of 12.2% CAGR during the forecast period (2025-2032).
The US market dominated the North America Electric Vehicle Tires Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,868 million by 2032, growing at a CAGR of 11.4 % during the forecast period. The Canada market is expected to witness a CAGR of 13.9% during (2025 - 2032). Additionally, The Mexico market is expected to witness a CAGR of 13.6% during (2025 - 2032). The US and Canada led the North America Electric Vehicle Tires Market by Country with a market share of 71.2% and 15.9% in 2024.
The North American EV tire market has changed quickly because more people in the U.S. and Canada are buying BEVs and PHEVs, which means they need tires that can handle heavier battery loads, more torque, and quieter cabins. Manufacturers have stopped modifying ICE-vehicle tires and instead started making EV-specific lines with stronger structures, compounds that reduce rolling resistance, and technologies that cut down on noise. This evolution is further facilitated by regulatory momentum, OEM fitment necessities, and a growing focus on sustainability, leading to the incorporation of recycled and bio-based materials, modern polymers, and EV-specific performance features.
As leaders like Bridgestone and Goodyear focus on launching EV-specific products, working with OEMs, making commitments to sustainability, and branding efforts like EV-Ready labels, competition is heating up. Their investments in specific compounds, acoustics technologies, manufacturing upgrades, and ENLITEN/PeakLife developments reflect a shift from basic substitute offerings to technologically distinctive portfolios. As EV sales continue to rise, the market is anticipated to further segment by vehicle type and performance needs, with future chances in smart tyres, fleet EV applications, and next-generation renewable materials.
Load Index Outlook
Based on Load Index, the market is segmented into Less than 100 and Above 100. With a compound annual growth rate (CAGR) of 13.6% over the projection period, the Less than 100 Market, dominate the Canada Electric Vehicle Tires Market by Load Index in 2024 and would be a prominent market until 2032. The Above 100 market is expected to witness a CAGR of 14.5% during (2025 - 2032).
Sales Channel Outlook
Based on Sales Channel, the market is segmented into OEM and Aftermarket. The OEM market segment dominated the US Electric Vehicle Tires Market by Sales Channel is expected to grow at a CAGR of 10.9 % during the forecast period thereby continuing its dominance until 2032. Also, The Aftermarket market is anticipated to grow as a CAGR of 12.1 % during the forecast period during (2025 - 2032).
Propulsion Type Outlook
Based on Propulsion Type, the market is segmented into Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV) and Fuel Cell Electric Vehicles (FCEV). Among various Mexico Electric Vehicle Tires Market by Propulsion Type; The Battery Electric Vehicles (BEV) market achieved a market size of USD $89.8 Million in 2024 and is expected to grow at a CAGR of 13.1 % during the forecast period. The Fuel Cell Electric Vehicles (FCEV) market is predicted to experience a CAGR of 14.1% throughout the forecast period from (2025 - 2032).
Rim Size Outlook
Based on Rim Size, the market is segmented into 16–18”, 19–21”, Above 21” and13–15”.
Country Outlook
The U.S. electric vehicle tire market is growing quickly because there are a lot of cars in the country, more people are buying EVs, and the government is making it easier for people to buy them. Because electric vehicles need special tires that can handle more torque, heavier battery loads, and quieter, more energy-efficient performance, tire makers are putting money into new materials, designs with low rolling resistance, and technologies that cut down on noise. Major companies like Goodyear, Bridgestone, and Michelin are launching product lines just for electric vehicles (EVs) and strengthening their partnerships with automakers. This is happening because there is more demand for EVs in the aftermarket as the fleet of EVs grows. Even though there are still problems like higher production costs and faster tread wear, market growth is still speeding up thanks to ongoing innovation, government incentives, and infrastructure expansion. Overall, the competitive landscape is growing more intense with both global leaders and specialty manufacturers focusing on performance, durability, and OEM integration.
List of Key Companies Profiled
By Load Index
The US market dominated the North America Electric Vehicle Tires Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,868 million by 2032, growing at a CAGR of 11.4 % during the forecast period. The Canada market is expected to witness a CAGR of 13.9% during (2025 - 2032). Additionally, The Mexico market is expected to witness a CAGR of 13.6% during (2025 - 2032). The US and Canada led the North America Electric Vehicle Tires Market by Country with a market share of 71.2% and 15.9% in 2024.
The North American EV tire market has changed quickly because more people in the U.S. and Canada are buying BEVs and PHEVs, which means they need tires that can handle heavier battery loads, more torque, and quieter cabins. Manufacturers have stopped modifying ICE-vehicle tires and instead started making EV-specific lines with stronger structures, compounds that reduce rolling resistance, and technologies that cut down on noise. This evolution is further facilitated by regulatory momentum, OEM fitment necessities, and a growing focus on sustainability, leading to the incorporation of recycled and bio-based materials, modern polymers, and EV-specific performance features.
As leaders like Bridgestone and Goodyear focus on launching EV-specific products, working with OEMs, making commitments to sustainability, and branding efforts like EV-Ready labels, competition is heating up. Their investments in specific compounds, acoustics technologies, manufacturing upgrades, and ENLITEN/PeakLife developments reflect a shift from basic substitute offerings to technologically distinctive portfolios. As EV sales continue to rise, the market is anticipated to further segment by vehicle type and performance needs, with future chances in smart tyres, fleet EV applications, and next-generation renewable materials.
Load Index Outlook
Based on Load Index, the market is segmented into Less than 100 and Above 100. With a compound annual growth rate (CAGR) of 13.6% over the projection period, the Less than 100 Market, dominate the Canada Electric Vehicle Tires Market by Load Index in 2024 and would be a prominent market until 2032. The Above 100 market is expected to witness a CAGR of 14.5% during (2025 - 2032).
Sales Channel Outlook
Based on Sales Channel, the market is segmented into OEM and Aftermarket. The OEM market segment dominated the US Electric Vehicle Tires Market by Sales Channel is expected to grow at a CAGR of 10.9 % during the forecast period thereby continuing its dominance until 2032. Also, The Aftermarket market is anticipated to grow as a CAGR of 12.1 % during the forecast period during (2025 - 2032).
Propulsion Type Outlook
Based on Propulsion Type, the market is segmented into Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV) and Fuel Cell Electric Vehicles (FCEV). Among various Mexico Electric Vehicle Tires Market by Propulsion Type; The Battery Electric Vehicles (BEV) market achieved a market size of USD $89.8 Million in 2024 and is expected to grow at a CAGR of 13.1 % during the forecast period. The Fuel Cell Electric Vehicles (FCEV) market is predicted to experience a CAGR of 14.1% throughout the forecast period from (2025 - 2032).
Rim Size Outlook
Based on Rim Size, the market is segmented into 16–18”, 19–21”, Above 21” and13–15”.
Country Outlook
The U.S. electric vehicle tire market is growing quickly because there are a lot of cars in the country, more people are buying EVs, and the government is making it easier for people to buy them. Because electric vehicles need special tires that can handle more torque, heavier battery loads, and quieter, more energy-efficient performance, tire makers are putting money into new materials, designs with low rolling resistance, and technologies that cut down on noise. Major companies like Goodyear, Bridgestone, and Michelin are launching product lines just for electric vehicles (EVs) and strengthening their partnerships with automakers. This is happening because there is more demand for EVs in the aftermarket as the fleet of EVs grows. Even though there are still problems like higher production costs and faster tread wear, market growth is still speeding up thanks to ongoing innovation, government incentives, and infrastructure expansion. Overall, the competitive landscape is growing more intense with both global leaders and specialty manufacturers focusing on performance, durability, and OEM integration.
List of Key Companies Profiled
- Michelin
- Bridgestone Corporation
- The Goodyear Tire & Rubber Company
- Continental AG
- Pirelli & C. S.p.A.
- Hankook Tire & Technology
- The Yokohama Rubber Co., Ltd.
- Toyo Tire Corporation
- Sumitomo Electric Industries, Ltd.
- Nokian Tyres plc
By Load Index
- Less than 100
- Above 100
- OEM
- Aftermarket
- On-road
- Off-road
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Buses
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
- Fuel Cell Electric Vehicles (FCEV)
- 16–18”
- 19–21”
- Above 21”
- 13–15”
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
205 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Electric Vehicle Tires Market, by Load Index
- 1.4.2 North America Electric Vehicle Tires Market, by Sales Channel
- 1.4.3 North America Electric Vehicle Tires Market, by Application
- 1.4.4 North America Electric Vehicle Tires Market, by Vehicle Type
- 1.4.5 North America Electric Vehicle Tires Market, by Propulsion Type
- 1.4.6 North America Electric Vehicle Tires Market, by Rim Size
- 1.4.7 North America Electric Vehicle Tires Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Market Trends – North America Electric vehicle tires market
- Chapter 5. State of Competition – North America Electric vehicle tires market
- Chapter 6. Value Chain Analysis of Electric Vehicle Tires Market
- Chapter 7. Product Life Cycle – Electric vehicle tires market
- Chapter 8. Market Consolidation – Electric vehicle tires market
- Chapter 9. Key Customer Criteria – Electric vehicle tires market
- Chapter 10. Competition Analysis - Global
- 10.1 KBV Cardinal Matrix
- 10.2 Recent Industry Wide Strategic Developments
- 10.2.1 Partnerships, Collaborations and Agreements
- 10.2.2 Product Launches and Product Expansions
- 10.2.3 Geographical Expansion
- 10.3 Market Share Analysis, 2024
- 10.4 Top Winning Strategies
- 10.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
- 10.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Dec – 2025, May) Leading Players
- 10.5 Porter Five Forces Analysis
- Chapter 11. North America Electric Vehicle Tires Market by Load Index
- 11.1 North America Less than 100 Market by Region
- 11.2 North America Above 100 Market by Region
- Chapter 12. North America Electric Vehicle Tires Market by Sales Channel
- 12.1 North America OEM Market by Region
- 12.2 North America Aftermarket Market by Region
- Chapter 13. North America Electric Vehicle Tires Market by Application
- 13.1 North America On-road Market by Country
- 13.2 North America Off-road Market by Country
- Chapter 14. North America Electric Vehicle Tires Market by Vehicle Type
- 14.1 North America Passenger Cars Market by Country
- 14.2 North America Light Commercial Vehicles (LCVs) Market by Country
- 14.3 North America Heavy Commercial Vehicles (HCVs) Market by Country
- 14.4 North America Buses Market by Country
- Chapter 15. North America Electric Vehicle Tires Market by Propulsion Type
- 15.1 North America Battery Electric Vehicles (BEV) Market by Country
- 15.2 North America Hybrid Electric Vehicles (HEV) Market by Country
- 15.3 North America Plug-in Hybrid Electric Vehicles (PHEV) Market by Country
- 15.4 North America Fuel Cell Electric Vehicles (FCEV) Market by Country
- Chapter 16. North America Electric Vehicle Tires Market by Rim Size
- 16.1 North America 16–18” Market by Country
- 16.2 North America 19–21” Market by Country
- 16.3 North America Above 21” Market by Country
- 16.4 North America 13–15” Market by Country
- Chapter 17. North America Electric Vehicle Tires Market by Country
- 17.1 US Electric Vehicle Tires Market
- 17.1.1 US Electric Vehicle Tires Market by Load Index
- 17.1.2 US Electric Vehicle Tires Market by Sales Channel
- 17.1.3 US Electric Vehicle Tires Market by Application
- 17.1.4 US Electric Vehicle Tires Market by Vehicle Type
- 17.1.5 US Electric Vehicle Tires Market by Propulsion Type
- 17.1.6 US Electric Vehicle Tires Market by Rim Size
- 17.2 Canada Electric Vehicle Tires Market
- 17.2.1 Canada Electric Vehicle Tires Market by Load Index
- 17.2.2 Canada Electric Vehicle Tires Market by Sales Channel
- 17.2.3 Canada Electric Vehicle Tires Market by Application
- 17.2.4 Canada Electric Vehicle Tires Market by Vehicle Type
- 17.2.5 Canada Electric Vehicle Tires Market by Propulsion Type
- 17.2.6 Canada Electric Vehicle Tires Market by Rim Size
- 17.3 Mexico Electric Vehicle Tires Market
- 17.3.1 Mexico Electric Vehicle Tires Market by Load Index
- 17.3.2 Mexico Electric Vehicle Tires Market by Sales Channel
- 17.3.3 Mexico Electric Vehicle Tires Market by Application
- 17.3.4 Mexico Electric Vehicle Tires Market by Vehicle Type
- 17.3.5 Mexico Electric Vehicle Tires Market by Propulsion Type
- 17.3.6 Mexico Electric Vehicle Tires Market by Rim Size
- 17.4 Rest of North America Electric Vehicle Tires Market
- 17.4.1 Rest of North America Electric Vehicle Tires Market by Load Index
- 17.4.2 Rest of North America Electric Vehicle Tires Market by Sales Channel
- 17.4.3 Rest of North America Electric Vehicle Tires Market by Application
- 17.4.4 Rest of North America Electric Vehicle Tires Market by Vehicle Type
- 17.4.5 Rest of North America Electric Vehicle Tires Market by Propulsion Type
- 17.4.6 Rest of North America Electric Vehicle Tires Market by Rim Size
- Chapter 18. Company Profiles
- 18.1 Michelin
- 18.1.1 Company Overview
- 18.1.2 Financial Analysis
- 18.1.3 Segmental Analysis
- 18.1.4 Recent strategies and developments:
- 18.1.4.1 Partnerships, Collaborations, and Agreements:
- 18.1.4.2 Product Launches and Product Expansions:
- 18.1.5 SWOT Analysis
- 18.2 Bridgestone Corporation
- 18.2.1 Company Overview
- 18.2.2 Financial Analysis
- 18.2.3 Segmental Analysis
- 18.2.4 Recent strategies and developments:
- 18.2.4.1 Product Launches and Product Expansions:
- 18.2.5 SWOT Analysis
- 18.3 The Goodyear Tire & Rubber Company
- 18.3.1 Company Overview
- 18.3.2 Financial Analysis
- 18.3.3 Regional Analysis
- 18.3.4 Recent strategies and developments:
- 18.3.4.1 Product Launches and Product Expansions:
- 18.3.5 SWOT Analysis
- 18.4 Continental AG
- 18.4.1 Company Overview
- 18.4.2 Financial Analysis
- 18.4.3 Segmental and Regional Analysis
- 18.4.4 Research & Development Expense
- 18.4.5 Recent strategies and developments:
- 18.4.5.1 Product Launches and Product Expansions:
- 18.4.6 SWOT Analysis
- 18.5 Pirelli & C. S.p.A.
- 18.5.1 Company Overview
- 18.5.2 Financial Analysis
- 18.5.3 Regional Analysis
- 18.5.4 Recent strategies and developments:
- 18.5.4.1 Partnerships, Collaborations, and Agreements:
- 18.5.4.2 Product Launches and Product Expansions:
- 18.5.5 SWOT Analysis
- 18.6 Hankook Tire & Technology
- 18.6.1 Company Overview
- 18.6.2 Financial Analysis
- 18.6.3 Regional Analysis
- 18.6.4 Recent strategies and developments:
- 18.6.4.1 Product Launches and Product Expansions:
- 18.6.5 SWOT Analysis
- 18.7 The Yokohama Rubber Co., Ltd.
- 18.7.1 Company Overview
- 18.7.2 Financial Analysis
- 18.7.3 Segmental and Regional Analysis
- 18.7.4 Research & Development Expenses
- 18.7.5 Recent strategies and developments:
- 18.7.5.1 Product Launches and Product Expansions:
- 18.7.5.2 Geographical Expansions:
- 18.7.6 SWOT Analysis
- 18.8 Toyo Tire Corporation
- 18.8.1 Company Overview
- 18.8.2 Financial Analysis
- 18.8.3 Segmental and Regional Analysis
- 18.8.4 Research & Development Expenses
- 18.8.5 Recent strategies and developments:
- 18.8.5.1 Product Launches and Product Expansions:
- 18.8.6 SWOT Analysis
- 18.9 Sumitomo Electric Industries, Ltd.
- 18.9.1 Company Overview
- 18.9.2 Financial Analysis
- 18.9.3 Segmental and Regional Analysis
- 18.9.4 Research & Development Expenses
- 18.9.5 SWOT Analysis
- 18.10. Nokian Tyres plc
- 18.10.1 Company Overview
- 18.10.2 Financial Analysis
- 18.10.3 Segmental and Regional Analysis
- 18.10.4 Research & Development Expenses
- 18.10.5 Recent strategies and developments:
- 18.10.5.1 Product Launches and Product Expansions:
- 18.10.6 SWOT Analysis
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