Green Tire Market by type (On-Road Tires, and Off-Road Tire), By Application (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Car) - Global Opportunity Analysis and Industry Forecast 2018-2025
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The key factors that drive the growth of the market is the increase in energy costs, strict government regulations, and increased environmental awareness regarding fuel consumption among consumers. However, replacement of renewable raw materials with conventional products can cause a negative impact on the braking performance. Lack of awareness about green tires further restrains the market growth. Irrespective of these challenges, with increasing urbanization and globalization, environmental awareness and growing fuel consumption will further boost the market growth in future.
The market segmentation is based on type and application. By type, it is bifurcated into on-road tires and off-road tire. By application, it is classified into passenger cars, light commercial vehicles, and heavy commercial cars.
Geographically it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Prominent players profiled in the report include PPG Industries Inc., Pirelli Tyre SpA, Bridgestone, Green Arc Tire Manufacturing, Goodyear Tire & Rubber, Michelin North America, Continental, Maxxis, Hankook, and Kumho.
• This report provides an extensive analysis of the current and emerging market trends and dynamics in the green tire market.
• In-depth analysis has been carried out by constructing market estimations for key market segments between 2017 and 2023.
• The report provides a quantitative analysis of the current trends and future estimations from 2017 to 2023, which helps identify prevailing market opportunities.
• Competitive intelligence of the industry helps understand the competitive scenario across geographies.
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