Press release
Green Tires Market: Industry Growth & Latest Development
Green tires are defined as those tries, which are lighter in weight, make the vehicle fuel-efficient, have lower rolling resistance, long-life, and retreadable tire, which is produced from renewable materials. The production process for these tires does not require excessive amount of energies while manufacturing of these tires and the pollution generated is relatively low.Major companies in the Green Tires Market Are: Michelin, Bridgestone Corporation, The Goodyear Tire and Rubber Company, Hankook Tire Group, Pirelli & C. S.p.A., Cheng Shin Rubber, Kumho Tires, ZC Rubber Group Co. Ltd, Nokian Tires, and Apollo tires Ltd.
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Segment Trends:
Among vehicle types, the passenger cars segment accounted for the largest share in the green tires market in 2017. This is owing to increasing sales of these vehicles, worldwide. According to International Organization of Motor Vehicle Manufacturers, in 2016, around 70 million units of passenger car were sold worldwide. Growing passenger cars per thousand inhabitants reached to 182 per thousand inhabitants in 2015 from 178 in 2014, which is major factor fuelling growth of passenger cars segment.
Global Green Tires Market: Taxonomy
By Vehicles Type
-Passenger Cars
-Commercial Vehicles
By Applications
-On-road
-Off-road
By Region
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa
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Name: Mr. Raj Shah
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Email: sales@coherentmarketinsights.com
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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