Green Tires Market

Report Code: ENV072A

Publish Date: Jul 2024

Publisher: BCC Publishing

Category: Environment

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Report Highlights

The global market for green tires is expected to grow from $88.2 billion in 2024 and is projected to reach $152.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.

Report Includes

  • 29 data tables and 31 additional tables
  • An overview of the global market for green tires
  • Analysis of global market trends, featuring revenue data for 2023, estimated figures for 2024, forecasts for 2025, 2029, and projected CAGRs through 2029
  • Evaluation of the current market’s size and revenue growth prospects, along with a market share analysis by vehicle type, sales channel, and region
  • A look at innovations, technological advances, and product launches in the industry
  • Analysis of the industry’s regulatory framework and policies
  • A discussion of ESG challenges and ESG practices in the industry
  • An analysis of the key companies’ market shares, proprietary technologies, alliances, and patents
  • Profiles of the leading players, including MICHELIN, Bridgestone Corp., Continental AG, The Goodyear Tire & Rubber Co., and Pirelli & C. S.p.A.

Report Scope

This report analyzes the global green tires market by segmenting it based on vehicle type and sales channel. These market segments are further analyzed at the global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are given for 2024 through 2029. The market estimates are provided in terms of revenue (millions of U.S. dollars).

On the basis of vehicle type, the market is segmented into passenger vehicles, commercial vehicles and other vehicles such as two-wheelers, agriculture vehicles, mining vehicles, etc. The passenger vehicle segment dominates the overall market. Based on sales channel, the market is segmented into OEM (original equipment manufacturer) and aftermarket.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $79.9 billion
Market size forecast $152.7 billion
Growth rate CAGR of 11.6% for the forecast period of 2024-2029
Units considered $ Millions
Segments covered Vehicle Type, Sales Channel, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, South Korea, Southeast Asia, South America, Middle East and Africa
Key Market Drivers
  • Government initiatives to reduce carbon emissions in the tire industry.
  • Increasing preference for electric or fuel-efficient vehicles.
  • Growing demand for tires.
Companies studied
AEOLUSAPOLLO TYRES LTD.
BRIDGESTONE CORP.CONTINENTAL AG
THE GOODYEAR TIRE & RUBBER CO.MICHELIN
NOKIAN TYRES PLC.PIRELLI & C. S.P.A.
TOYO TIRE CORP.
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Frequently Asked Questions (FAQs)

The green tires market is projected to grow from $79.9 billion in 2023 to $152.7 billion in 2029 at a compound annual growth rate (CAGR) of 11.6% during the forecast period.
The key factors driving the growth of the green tires market include:
  • Government initiatives to reduce carbon emissions in the tire industry
  • Increasing preference for electric or fuel-efficient vehicles.
The green tires market is segmented based on vehicle type, sales channel, and region.
The passenger vehicle segment will dominate the market by the end of 2029 in terms of volume.
Europe holds the highest share of the market by value. A few of the main factors propelling the European market are several domestic and foreign companies producing green tires, technological advancements, and increasing production and sales of automotive vehicles across several countries in Europe.
Key companies in the market include Bridgestone Corporation, MICHELIN, Continental AG, The Goodyear Tire & Rubber Company, Nokian Tyres plc., Pirelli & C. S.p.A., and Toyo Tire Corporation.

Analyst Credentials

Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Green Tires Market91Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview7Free
Chapter- 3: Market Dynamics9Free
Chapter- 4: Regulatory Landscape3Free
Chapter- 5: Emerging Technologies3Free
Chapter- 6: Market Segmentation Analysis25Free
Chapter- 7: Competitive Landscape2Free
Chapter- 8: Sustainability in the Green Tires Industry: An ESG Perspective5Free
Chapter- 9: Appendix: Green Tires Market33Free

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This is an Excel-only version of the report.

Report Includes

    Total Number of Tables in this Report: 60

  • Summary Table: Global Market for Green Tires, by Region, Through 2029
  • Table 1: New Product and Technology Developments in the Green Tires Market, 2021–2024
  • Table 2: Global Market for Green Tires, by Vehicle Type, Through 2029
  • Table 3: Global Market for Green Tires for Passenger Vehicles, by Region, Through 2029
  • Table 4: Global Market for Green Tires for Commercial Vehicles, by Region, Through 2029
  • Table 5: Global Market for Green Tires for Other Vehicles, by Region, Through 2029
  • Table 6: Global Market for Green Tires, by Sales Channel, Through 2029
  • Table 7: Global Market for Green Tires in the OEM Sales Channel, by Region, Through 2029
  • Table 8: Global Market for Green Tires in the Aftermarket Sales Channel, by Region, Through 2029
  • Table 9: Global Market for Green Tires, by Region, Through 2029
  • Table 10: North American Market for Green Tires, by Country, Through 2029
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Green Tires Market
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