INTERESTED IN THIS RESEARCH?
Contact our analysts for inquiries, samples, and expert insights.
REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 25.84 billion in 2029 | 9.9% | Asia-Pacific |
| By Vehicle Type | By Tire Size | By Sales Channel | By Application | By Regions |
|---|---|---|---|---|
|
|
|
|
|
SCOPE OF THE REPORT
Green Tires Market Overview
The market for green tires is anticipated to reach USD 25.84 billion in 2029 and expand at a 9.9% CAGR through the year 2029.
The increased pressure on automakers to lower emissions and meet higher fuel economy goals is largely to blame for the adoption of green tires. The demand for green tires and expanding market penetration are being driven by this pressure. The development of shared/fleet vehicle use, the adoption of alternative powertrains (hybrid and electric), and autonomous vehicles are all expected to increase the demand for green tires and further progress in rolling resistance reduction. The European Union’s consumer tire labelling plan, which rates tire rolling resistance and other performance factors, has improved consumer education and awareness, which has helped the replacement market for green tires expand as well.
These tires are made with silica to produce low rolling resistance, which could eliminate tire friction on any given surface. Silica improves the overall level of tire and vehicle safety as well as the energy efficiency of tires. Due to the rapidly expanding population and economic boom in emerging nations, the vehicle industry and its components have seen significant growth. This in turn is creating a favorable environment for the growth of the green tire market. In a similar vein, it is anticipated that during the forecast period, demand for fuel-efficient and sustainable vehicle options would increase at a robust pace across several regions as a result of growing awareness of environmental issues. Over the following ten years, this will give manufacturers of green tires lucrative opportunities.
| ATTRIBUTE | DETAILS |
| Study period | 2023-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2023-2029 |
| Historical period | 2018-2022 |
| Unit | Value (USD Billion) |
| Segmentation | By Vehicle Type, By Tire Size, By Sales Channel, By Application, By Region. |
| By Vehicle Type
 |
|
| By Tire Size
 |
|
| By Sales Channel
 |
|
| By Application
 |
|
| By Region
 |
|
Green tires are simply tires that have all of their components assembled but have not yet been cured or given tread additions. These tires have low rolling resistance, which makes them fuel-efficient.
Additionally, during the forecast period, factors like rising demand for mobility services, stricter regulations, and shifting consumer preferences for efficient and sustainable vehicle components will continue to drive the market for green tires. Additionally, escalating demand for passenger vehicles in ride-hailing services and cab-sharing facilities will support market growth. Green tires increase vehicle fuel efficiency and make up about 11.9% of the world’s automotive tire market.
Green Tires Market Segment Analysis
The 17″ and 18″ tire size segments are expected to account for about 48% of the global market for green tires. Larger vehicles, like SUVs and CUVs, are becoming more popular, which is causing larger diameter tires to gain popularity. There has been a rise in the trend of automotive vehicles with large-sized tires as consumer preference for comfortable and luxurious vehicles. The demand for green tires with tire sizes 17″ and above is growing quickly due to the rising demand for larger, more fuel-efficient vehicles. In 2022, the combined market for 17″ and tires is anticipated to be worth approximately USD14.8 billion. By 2032, it is expected that the market for 18″ tires will have grown by 9.4% at a value CAGR. The 19″ tire size segment, on the other hand, is anticipated to expand at a volume CAGR of 10.1% during the anticipated period.
The demand for green tires is anticipated to increase due to the desire for multipurpose vehicles and rising mobility. Demand for automotive parts, particularly those for passenger cars, will be fuelled by increased usage and early component wear and tear. During the forecast period, the passenger vehicle segment is expected to increase in value by 9.5%, creating an opportunity with an absolute value of USD 31.0 Bn. This can be attributed to the sharp increase in passenger car production and sales that have energy-efficient components. For hybrid or electric vehicles, lighter tires with lower rolling resistance extend the battery’s range. The market for green tires is also anticipated to grow as electric vehicle demand rises.
Based on application, it is anticipated that the on-road application category will expand due to the increasing demand for on-road vehicles, including passenger cars and LCVs. According to FMI, the on-road segment is currently responsible for approximately 86% of the market’s overall share and is projected to reach a valuation of about USD 27.4 Bn in 2022. Consumer expectations are rising along with the need for e-commerce and e-retailing services.
Government spending on road infrastructure is rising, and transportation and supply chain have taken center stage. The rapidly expanding logistics and e-commerce industries will likely increase demand for environmentally friendly and fuel-efficient commercial vehicles, which will ultimately increase demand for green tires. On the other hand, the off-road segment is anticipated to grow at a value CAGR of 10.6% over the forecasted period.
The market is further divided into OEM and aftermarket based on the sales channel. Due to growing environmental and safety concerns, the OEM segment commands a significant volume and value share of the global market. The OEM companies are spending money on research to develop tires that are durable, lightweight, and friendly to the environment in an effort to curb the rising levels of vehicle pollution and lower fuel consumption. The accumulation of static electricity, also known as friction charging, is used by the tires to produce energy from rotation.
Green tires Market Players
MICHELIN, Continental AG, Bridgestone Corporation, Pirelli & C. S.p.A, The Goodyear Tire & Rubber Company, Hankook Tire & Technology, The Yokohama Rubber Co. Ltd., Petlas, Kumho Tire, and MRF are key players in the green tires market. Mergers and acquisitions, joint ventures, capacity expansions, major distribution, and branding decisions made by established industry players to increase market share and regional presence. They are also engaged in ongoing R&D activities to develop new Types and are working to expand the Type portfolio. This is expected to increase competition and put new market entrants at risk.
Leading producers of green tires, including Michelin Group, Goodyear Tire and Rubber Company, and Hankook Tire & Technology Co. Ltd., are embracing sustainability in order to advance the field of green tires and to satisfy the strict legal requirements.
With the addition of 51% more capital to the joint venture between Michelin and Barito Pacific Group, which had previously owned 49% of the stock, Michelin is now the sole owner of Royal Lestari Utama (RLU). The strategic vision of the company is to offer a better future for everyone. Due to its extraordinary capital of trust and affection, Michelin is regarded as one of the top brands in the world. It is one of the greatest tire manufacturing brands in the world because its words and deeds are in line with its principles, which include bravery, devotion, and kindness.
One of the top tire manufacturers, Goodyear Tire and Rubber Company, employs about 72,000 people at 57 facilities in 23 different countries to produce its products. Its two innovation centres—one in Ohio and the other in Luxembourg—work to create cutting-edge products and services that establish performance and technological standards. In addition to enhancing the brand’s value and achieving its aspirational goals and targets, Goodyear is committed to achieving long-term revenue and profit growth.
Through continuous innovation and sustainability, Hankook Tire & Technology, a top-tier global company, is laying the foundation for the transportation of tomorrow. Each year, Hankook Tire & Technology produces 120 million premium tires and exports them to 160 countries.
Who Should Buy? Or Key Stakeholders
- Research and development
- Technological Industry
- End Use industries
- Laboratories
- Transportation
- Residential
- Automotive
- Industrial and Manufacturing
Green Tires Market Regional Analysis
Geographically, the green tires market is segmented into North America, South America, Europe, APAC and MEA.
- North America: includes the US, Canada, Mexico
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In terms of revenue, Asia-Pacific in 2021 had the largest market share. Due to the region’s thriving auto industry, particularly in China, Japan, and India, which is spurring significant demand for green tires, Asia-Pacific is anticipated to post a significantly quick revenue growth rate over the course of the forecast period. Due to the brisk growth of the automotive industry and growing demand for fuel-efficient tires, there is a high demand for green tires in China. The region’s well-established distribution network, rising raw material supply, and high polyester production levels are anticipated to fuel the market’s expected revenue growth.
Automakers in North America are quickly incorporating green car technologies. In addition, the market is expanding as a result of the rising demand for replacement tires and the expansion of infrastructure projects. Additionally, the growth of vehicle fleets for agricultural and construction uses will continue to drive up demand in the upcoming years.
According to regional analysis, the market in Europe is anticipated to generate the largest revenue share in the global market during the forecast period as a result of growing use of green tires and significant demand for environmentally friendly alternatives in automotive parts. Due to the presence of major automakers like Mercedes, BMW, Volkswagen, and Audi in the country, Germany has a high demand for green tires. The main goal of the European Green Deal is to make Europe the first continent to be climate neutral, and recycling tires is an essential part of that.
Key Market Segments: Green tires Market
Green Tires Market By Vehicle Type, 2023-2029, (USD Billion)
- Passenger Cars
- Light Commercial Vehicles (LCVS)
- Others
- Heavy Trucks
- Buses & Coaches
- Two Wheelers
Green Tires Market By Tire Size, 2023-2029, (USD Billion)
- Below 15″
- 16″
- 17″
- 18″
- 19″
- Above 19″
Green Tires Market By Sales Channel, 2023-2029, (USD Billion)
- OEM
- Aftermarket
Green Tires Market By Application, 2023-2029, (USD Billion)
- On-Road
- Off-Road
Green Tires Market By Regions, 2023-2029, (USD Billion)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered
Key Question Answered
- What is the expected growth rate of the green tires market over the next 5 years?
- Who are the major players in the green tires market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, middle east, and Africa?
- How is the economic environment affecting the green tires market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the green tires market?
- What is the current and forecasted size and growth rate of the global green tires market?
- What are the key drivers of growth in the green tires market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the green tires market?
- What are the technological advancements and innovations in the green tires market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the green tires market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the green tires market?
- What are the product offerings and specifications of leading players in the market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Green Tires Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Green Tires Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Green Tires Market Outlook
- Global Green Tires Market by Vehicle Type, 2020-2029, (USD BILLION)
- Passenger Cars
- Light Commercial Vehicles (LCVS)
- Others
- Global Green Tires Market by Tire Size, 2020-2029, (USD BILLION)
- Below 15″
- 16″
- 17″
- 18″
- 19″
- Above 19″
- Global Green Tires Market by Sales Channel, 2020-2029, (USD BILLION)
- OEM
- Aftermarket
- Global Green Tires Market by Application, 2020-2029, (USD BILLION)
- On-Road
- Off-Road
- Global Green Tires Market by Region, 2020-2029, (USD BILLION)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and AfricaÂ
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
10.1. MICHELIN
10.2. Continental AG
10.3. Bridgestone Corporation
10.4. Pirelli & C. S.p.A
10.5. The Goodyear Tire & Rubber Company
10.6. Hankook Tire & Technology
10.7. The Yokohama Rubber Co. Ltd.
10.8. Petlas
10.9. Kumho Tire
10.10. MRF
*The Company List Is Indicative
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GREEN TIRES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GREEN TIRES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â COLUMBIA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â COLUMBIA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â COLUMBIA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLUMBIA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC GREEN TIRES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE GREEN TIRES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â UK GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â UK GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â UK GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â UK GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SPAIN GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â SPAIN GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â RUSSIA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â RUSSIA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â RUSSIA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â RUSSIA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA GREEN TIRES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â UAE GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â UAE GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â UAE GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â UAE GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST & AFRICA GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST & AFRICA GREEN TIRES MARKET BY TIRE SIZE (USD BILLION) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST & AFRICA GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST & AFRICA GREEN TIRES MARKET BY APPLICATION (USD BILLION) 2020-2029Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY VEHICLE TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY TIRE SIZE, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY SALES CHANNEL, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 13          PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY VEHICLE TYPE (USD BILLION), 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY TIRE SIZE (USD BILLION), 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY SALES CHANNEL (USD BILLION), 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY APPLICATION (USD BILLION), 2021
FIGURE 18Â Â Â Â Â Â Â Â Â Â GLOBAL GREEN TIRES MARKET BY REGION, USD BILLION, 2021
FIGURE 19Â Â Â Â Â Â Â Â Â Â NORTH AMERICA GREEN TIRES MARKET SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â EUROPE GREEN TIRES MARKET SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA GREEN TIRES MARKET SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC GREEN TIRES MARKET SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA GREEN TIRES MARKET SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 25Â Â Â Â Â Â Â Â Â Â MICHELIN: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â CONTINENTAL AG: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â BRIDGESTONE CORPORATION: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â PIRELLI & C. S.P.A: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â THE GOODYEAR TIRE & RUBBER COMPANY: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â HANKOOK TIRE & TECHNOLOGY: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â THE YOKOHAMA RUBBER CO. LTD.: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â PETLAS: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â KUMHO TIRE: COMPANY SNAPSHOT
FIGURE 34Â Â Â Â Â Â Â Â Â Â MRF: COMPANY SNAPSHOT
FAQ
The Green tires market reached USD 25.84 Billion in 2020 and is expected to grow at a CAGR of more than 9.9% through 2029, owing to the increasing technology.
The upcoming trend in the green tires market is an opportunity for market growth in enterprise applications.
The global green tires market registered a CAGR of 9.9% from 2022 to 2029.
Asia Pacific dominates the market for green tires. This market has the highest market share of 38% in the world.
In-Depth Database
Our Report’s database covers almost all topics of all regions over the Globe.
Recognised Publishing Sources
Tie ups with top publishers around the globe.
Customer Support
Complete pre and post sales
support.
Safe & Secure
Complete secure payment
process.