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Rechargeable Tires Market Share

Report ID: GMI12815
Published Date: Dec 2024
Report Format: PDF

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Rechargeable Tires Market Share

Rechargeable Tire Company Market Share, 2024

Goodyear, Michelin, Hankook, Nexen tire, and Nokian hold a large market share of over 89% in the rechargeable tires industry. Goodyear holds a major share in the rechargeable tire market due to its longstanding reputation in tire innovation and its significant investments in sustainable technologies. The company has focused on integrating advanced features like self-repairing materials and energy-efficient designs.

Goodyear's strong relationships with OEMs and its ability to supply both consumer and commercial vehicle tires further enhance its dominance in the market. Their continued focus on research and development in tire longevity and performance solidifies Goodyear's position as a market leader.

Rechargeable Tires Market Companies

Major players operating in the rechargeable tires industry include:

Bridgestone
Continental
Cooper
Goodyear
Hankook
Michelin
Nexen tire
Nokian

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of rechargeable tires reached USD 113.4 million in 2024 and is set to grow at a 6.7% CAGR from 2025 to 2034, driven by the increasing demand for personalized tire solutions.

The OEM segment accounted for 74% of the market share in 2024 as OEMs are the primary suppliers of tires directly integrated into new vehicles.

The North America market held a 35% revenue share in 2024, supported by a robust automotive industry and the growing adoption of electric vehicles requiring advanced tire technologies.

The key players in the market include Bridgestone, Continental, Cooper, Goodyear, Hankook, Michelin, Nexen Tire, and Nokian.