EV Automotive Boots Market Analysis | 2024-2031

Market Insights

The EV automotive boots market size was USD 174.9 million in 2024 and is likely to grow at a CAGR of 12.1% during 2024-2031 to reach USD 411.3 million in 2031.

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Market Dynamics

Introduction

The EV automotive boots market refers to the automotive industry segment that manufactures and supplies protective boots specifically designed for electric vehicle (EV) components, such as drivetrains, suspension systems, and steering mechanisms. These boots are made from advanced materials like thermoplastic elastomers (TPE) and polyurethane to ensure durability, thermal resistance, and protection against contaminants in EV-specific applications.

The primary function of EV automotive boots is to safeguard vital mechanical parts from external damage, which could lead to component failure and increased maintenance costs. These boots are designed to be durable, resistant to high temperatures, and capable of withstanding harsh weather conditions and vibrations, and movement during driving.

Recent Market JVs and Acquisitions:

In the EV automotive boots market, recent trends show a significant increase in joint ventures and acquisitions, driven by the need for technological innovation, market expansion, and the growing demand for high-performance components in the electric vehicle (EV) market. Companies are forming partnerships to develop advanced materials like thermoplastic elastomers and polyurethane, as well as integrating new manufacturing technologies to enhance product durability. Acquisitions are often focused on expanding geographic presence, diversifying product portfolios, and strengthening supply chains. Additionally, as the EV automotive aftermarket grows, firms are acquiring local distributors and online platforms to cater to replacement parts demand, while focusing on sustainability to meet stricter environmental standards. These strategic moves help companies remain competitive and adapt to the rapidly changing automotive landscape.

A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:

• In 2025, American Axle agreed to acquire British car parts firm Dowlais for £1.2 billion.
• In 2023, Trelleborg Group acquired Injectoplast's automotive boots division in Kanpur, India.

Segment Analysis

By Use Type

“CVJ Boots is widely preferred and is expected to continue its dominance throughout the forecast period.”

Based on the use type, the market is segmented into CVJ boots and rack & pinion boots. CVJ Boots is estimated to dominate the market due to their widespread use in front-wheel-drive and all-wheel-drive vehicles, where they are essential for protecting the CV joints from contaminants.

By Material Type

“TPE segment is expected to remain the dominant material of the market during the forecast period.”

Based on the material type, the market is segmented into TPE, silicone rubber, and other materials. TPE is estimated to dominate the EV automotive boots market due to its excellent durability, flexibility, and ability to withstand extreme temperatures, making it ideal for automotive applications.

Regional Insights

“The Asia-Pacific region is expected to maintain the largest share in the market during the forecast period.”

Asia-Pacific is expected to dominate the EV automotive boots market due to the high vehicle production in countries like China and India, along with the strong presence of major manufacturers in the region.

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Key Players

The market consists of a considerable number of players, featuring several key players renowned for their expertise and contributions. The following are the key players in the EV automotive boots market.

Here is the list of the Top Players (Based on Dominance)

• Trelleborg AB Group
• SKF Group
• Freudenberg Group
• FUKOKU Co. Ltd.
• NOK Corporation
• Toyo Tire Corporation
• GKN Automotive Ltd.
• Continental AG
• NTN Europe S.A.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s EV automotive boots market realities and future market possibilities for the forecast period of 2024 to 2031. After a continuous interest in our EV automotive boots market report from the industry stakeholders, we have tried to further accentuate our research scope to the EV automotive boots market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The EV automotive boots market is segmented into the following categories.

By Use Type

• CVJ Boots
• Rack & Pinion Boots

By Powertrain Type

• Hybrid Vehicle Boots
• BEV Boots

By Material Type

• TPE
• Silicone Rubber
• Other Materials

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com