Press release
Green Tires Market Global Market By Type, By Tire Size, By Sales Channel, By Vehicle Type, By Raw Material, By Region And Forecast 2023-2032 | Michelin, Bridgestone, Goodyear Tire, Continental, Hankook,
As per the green tires market report by The Business Research Company, the increase in environmental awareness among consumers is driving the green tyre market. To create more awareness among people, many countries, such as the USA, China, South Korea, and Japan, have implemented tyre standards, ratings, labeling, and correct pressure programs.
The global green tires market size grew from $90.81 billion in 2022 to $101.25 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The green tires market size is expected to grow to $157.43 billion in 2027 at a CAGR of 11.7%.
Read More On The Green Tires Market Report Here:
https://www.thebusinessresearchcompany.com/report/green-tires-global-market-report
Major competitors in the green tires market include Michelin, Bridgestone, Goodyear Tire and Rubber, Continental, Hankook, Pirelli, Apollo Tyres Ltd., Cheng Shin Rubber Ind. Co. Ltd., Kumho Tire, Nokian Tyres Plc., ZC Rubber, Sailun Tires, Shandong Linglong Tire Co. Ltd., The Yokohama Rubber Co. Ltd., and Kenda Tires.
The green tires market is segmented -
• By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
• By Application: On-Road, Off-Road
• By Size: 10 Inch, 10-20 Inch, 20-30 Inch
• By Sales Channel: Aftermarket, OEM
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Europe was the largest region in the green tires market.
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A "green tire" refers to a round-shaped part of an automotive tire that has all of its components assembled and is made of environmentally friendly rubber but has not yet been cured or given treads. When compared to other tyres such as semi-aromatic, styrene-butadiene rubbers or polycyclic hydrocarbons, green tyres improve fuel efficiency and lower greenhouse gas emissions.
The Table of Content for The Green Tires Market Include:
1. Executive Summary
2. Green Tires Market Characteristics
3. Green Tires Market Trends And Strategies
4. Green Tires Market - Macro Economic Scenario
5. Green Tires Market Size And Growth
.....
26. Africa Green Tires Market
27. Green Tires Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Green Tires Market
29. Green Tires Market Future Outlook and Potential Analysis
30. Appendix
The "Global Green Tires Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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