Green Tires Market Fueled by Technological Advancements in Tire Design and Sustainable Materials

Green Tires Market is anticipated to reach US$ 181.75 Bn by 2030 from US$ 97.53 Bn in 2023 at a CAGR of 9.3 % during a forecast period.

Green Tires Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Green Tires Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Green Tires market by thorough analysis, and projections are made up to 2030.

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Green Tires Market Scope and Methodology:

The Green Tires market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Green Tires market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Green Tires market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Green Tires market were developed. The study provides a thorough value chain analysis that clarifies the Green Tires production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Green Tires market on a global and micro level.

Green Tires Market Segmentation:

by Vehicle Type

Passenger Cars
Light Commercial Vehicle
Heavy Duty

The passenger car segment held the largest share of the green tire market in 2023 and is predicted to grow at a compound annual growth rate (CAGR) of 12.4% between 2024 and 2030 due to manufacturers' increased focus on reducing fuel consumption, either to reduce CO2 emissions or to increase passenger vehicle mileage. Over the course of the forecast period, this is anticipated to support the expansion of the green tire market for passenger cars. Green tires are becoming more and more popular in the passenger car industry because to the growing need for fuel-efficient vehicles and heightened customer awareness.

by Application

On-Road
Off-Road

by Sales Channel

OEM
Aftermarket

Due to fleet owners' increasing preference for green tires over conventional tires in an effort to lower vehicle operating costs, the after market segment accounted for up to 63% of revenue in 2023, holding the largest share of the green tire market. The desire of car owners to improve their vehicles' performance in terms of speed, exhaust sound, and aesthetics, among other aspects, is a major driver of the market.

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Green Tires Market Key Players:

1. PPG Industries Inc.
2. Pirelli Tyre SpA
3. Bridgestone
4. Green Arc Tire Manufacturing
5. Goodyear Tire & Rubber
6. Michelin
7. Continental
8. Maxxis
9. Hankook
10.Kumho
11.Pyrolyx AG
12.Lanxess
13.Vittoria
14.Apollo Vredestein
15.CST
16.Sailun
17.LINGLONG TIRE
18.Kenda Tires
19.CRAIN COMMUNICATIONS INC.
20.Cooper Tire & Rubber Company
21.Yokohama Tire Corporation
22.Nexen
23.MRF
24.Petlas
25.Balkrishna Industries Limited
26.TOYO TIRE U.S.A. CORP

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Green Tires Market Regional Insights :

The size and trends in the Green Tires market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Key questions answered in the Green Tires Market are:

What is Green Tires?
What was the Green Tires market size in 2023?
Which are the factors expected to drive the Green Tires market growth?
Who are the leading companies and what are their portfolios in Green Tires Market?
What growth strategies are the players considering to increase their presence in Green Tires?
What are the upcoming industry applications and trends for the Green Tires Market?
What will be the CAGR at which the Green Tires market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Green Tires Market?
What are the different segments of the Green Tires Market?
What is the growth rate of the Green Tires Market?
What segments are covered in the Green Tires Market?
Who are the key players in the Green Tires market?
What are the key challenges and opportunities in the Green Tires market?
Which application holds the highest potential in the Green Tires market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region

PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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