Press release
Green Tire Market is expected to reach USD 79.61 Billion by 2030 : Cognitive Market Research
Green Tire Market is expected to reach USD 79.61 Billion by 2030 : Cognitive Market Research
- The tire is a vital vehicle element which includes the wheel's rim to protect and allow better vehicle performance. Green tires are produced from renewable materials such as nylon rubber through a process that does not require an excessive amount of energy. These tires have low rolling resistance, which helps in decreasing fuel consumption.
Summary:
● As per our study, Green Tire Market Size Was Valued at USD 36.41 Billion In 2022 And Is Expected to Grow at A CAGR Of 7.71 % During the Forecast Period, Reaching USD 79.61 Billion By 2030.
● Based on type, the on-road tires segment has the largest revenue share in the green tire market.
● Based on application, the passenger cars segment has the largest revenue share in the green tire market.
● Based on the tire size, the 15-inch segment has the largest revenue share in the green tire market.
● Based on the sales channel, the OEM segment has the largest revenue share in the green tire market.
● Asia-Pacific has the largest revenue share in the green tire market.
"To know more The Green Tire Market statistics click here: https://www.cognitivemarketresearch.com/green-tire-market-report
Market Dynamics:
- Increasing increase fuel efficiency, and reduced rolling resistance is the key factor expected to drive the growth of the green tire market. Furthermore, technological advancements and adoption of the eco-friendly tire in the automotive sector creates growth opportunities for the global green tire market in the forecast period. However, a lack of awareness about green tires and structural limitations is anticipated to hinder the growth of the green tire market.
Segmentation Analysis:
Type:
● On-road tires
● Off-road tires
Based on type, the on-road tires segment has the largest revenue share in the green tire market. This is due to the increasing demand for on-road tires in the global green tire market.
Application:
● Passenger Cars
● Commercial Vehicle
Based on application, the passenger cars segment has the largest revenue share in the green tire market. This is attributed to increasing the living standards of people due to a substantial increasing per capita disposable income positively impacting the growth of the passenger car segment.
Tire Size:
● 15 inch
● 16 inch
● 17 inch
● 18 inch
Based on the tire size, the 15-inch segment has the largest revenue share in the green tire market. This is due to the smaller rim with a smaller tire offering a smooth ride projected to drive the growth of this segment.
Sales Channel:
● OEM
● Aftermarket
Based on the sales channel, the OEM segment has the largest revenue share in the green tire market. This is due to OEM providing different sizes & types of tires for different vehicle models including sports utility vehicles, fitted with wet & dry performance, and luxury vehicles fitted with smoother & quieter tires.
The Major Players in Green Tire Market are:
Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber, Yokohama, Nokian Tyres, Hankook, Maxxis, Triangle Group..
Get free sample pages of latest published Green Tire Report:
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Regional Analysis:
- Asia-Pacific accounted for the largest share of the green tire market
Asia-Pacific has the largest revenue share in the green tire market. This is due to increasing consumer living standards aided by their surge in disposable income and improved automobile sales in the region.
News:
• Kumho Tire has announced tire plant expanded
- In March 2021, Kumho Tire announced the expansion of the Vietnam tire plant expecting to double its manufacturing capacity.
• Bridgestone has introduced the new Firestone Destination LE3 tire
- In June 2020, Bridgestone has launched the newest Firestone Destination LE3 tires, specifically created for SUVs, multipurpose utility vehicles, and light commercial vehicles. The Firestone Destination LE3 is developed to maximize safe driving and increase efficiencies in the snow and rain.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Green Tire Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Green Tire Market Segmentation
1.5.1 Green Tire Market Regional Fragmentation
1.5.1 Green Tire Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Green Tire Market
Chapter 4 Global Green Tire Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Green Tire Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Green Tire Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Green Tire Market by Tire Size Segmentation Analysis (2018-2030)
Chapter 11 Global Green Tire Market by Sales Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Green Tire Market Regional Analysis
Chapter 13 North America Green Tire Market Outlook (2018 - 2030)
Chapter 14 Europe Green Tire Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Green Tire Market Outlook (2018 - 2030)
Chapter 16 Latin America Green Tire Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Green Tire Market Outlook (2018 - 2030)
Chapter 18 Research Findings
• 18.1 Key Takeaways
• 18.2 Analyst Point of View
To know more Green Tire Market TOC click here: https://www.cognitivemarketresearch.com/green-tire-market-report#table_of_contents
Related Report:
● Automotive Tires Market - https://www.cognitivemarketresearch.com/automotive-tires-market-report
● Airless Tire Market - https://www.cognitivemarketresearch.com/airless-tire-market-report
● Airless Blast Equipment Market - https://www.cognitivemarketresearch.com/airless-blast-equipment-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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