Press release
Green Tires Market Growth, Exclusive Research, Top Manufacturers, Regional Analysis and Deep Insights
Green Tires Market 2021The green tires are described as try, lightweight, low fuel economy, low rolling resistance, long life, and reusable tire, which is produced from renewable materials. The production process for these tires does not require much energy while the production of these tires and the impurities produced are low. in the market. This green tire helps to reduce fuel consumption, as it creates less friction while driving on the road. This reduces tire resistance, which further reduces vehicle fuel consumption. This feature also helps to reduce fuel consumption by 5-15%. According to a California Energy Commission (CEC) analysis, the adoption of low-energy tires could save 1.5-4.5% of total fuel consumption. Therefore, the acquisition of the green tire will certainly help to reduce fuel consumption, which in turn helps to accelerate the growth of the green tire market in the forecast period (2018-2026).
Automotive Green Tires Market is expected to register a CAGR of 10% during the forecast period, 2020-2025. The need for air transport systems has led to the introduction of green tires in the automotive industry.
The major players in the market are focused on adopting contact and acquisition strategies, in order to gain market competitiveness. For example, in July 2015, Michelin acquired Meyer Lissendorf, a German automotive specialist. The aim is to strengthen Microsoft's distribution network in Germany by consolidating its position in the small and medium retailer market. The strategy will help the company strengthen its access to European markets by building distribution channels in the region.
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Major players working in the global Green Tires Market include :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.
Key Points for Geographical Analysis:
Details and data related to usage level in each region
Moderate increase in consumption rate
Expected growth rate of regional markets
Forward growth of market share in each region
Geographical contribution to market capitalization
The report answers questions such as:
1. What is the market size and forecast of the Global Green Tires Market?
2. What factors hinder the impact of COVID-19 in shaping the Global Green Tires Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global Green Tires Market?
4. What is the competitive window for opportunities in the Global Green Tires Market?
5. What are the technical and regulatory trends in the Global Green Tires Market?
6. What is the market share of the leading retailers in the Global Green Tires Market?
7. What methods and strategies are considered appropriate to enter the Global Green Tires Market?
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