Global Green Tire Market to Hit USD 62 Billion, Globally By 2030 at 7% CAGR | Infinium Global Research

Infinium Global Research, a premier market research firm, has unveiled an extensive report on the Global Green Tire Market, providing a comprehensive analysis of segments and sub-segments in both global and regional contexts. "Paving the Way for Sustainability: Green Tire Market Analysis and Forecasts," delves deep into the market landscape, shedding light on crucial drivers, restraints, and macro indicators influencing the industry.

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Market Insights: The global green tire market, valued at approximately USD 34 billion in 2022, is projected to surpass USD 62 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of around 7% during the forecast period from 2023 to 2030.

As vehicular emissions significantly contribute to air pollution, tires play a pivotal role in determining these emissions. Green tires, designed to minimize rolling resistance and enhance fuel efficiency without compromising safety, are set to revolutionize the automotive industry. The market's growth is fueled by the rising demand for fuel-efficient vehicles and the use of sustainable materials in tire production, aligning with global efforts to curb environmental degradation.

Market Dynamics: The report highlights the market's growth drivers, including the demand for eco-friendly vehicles, stringent carbon emissions regulations, and increasing environmental consciousness among consumers, businesses, and governments. However, a lack of consumer awareness regarding eco-friendly tire options poses a restraint to market growth. Nonetheless, emerging markets in Asia and Africa present opportunities for market expansion due to increasing urbanization and environmental regulations.

Regional Analysis: The global green tire market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. Europe, with its stringent vehicle emissions regulations and widespread awareness of green tire benefits, leads the market. Meanwhile, North America follows closely due to its robust regulatory framework and growing emphasis on sustainable practices.

Segments Covered: The report encompasses crucial segments such as vehicle type (passenger, commercial) and application (on-road, off-road), providing a comprehensive understanding of the varied market dynamics.

Key Market Players: Profiles of key market players, including MICHELIN, Bridgestone India Private Ltd., The Goodyear Tire & Rubber Company, and others, offer insights into their strategies and market presence.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Green Tire Market Highlights

2.2. Green Tire Market Projection

2.3. Green Tire Market Regional Highlights

Chapter 3. Global Green Tire Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Vehicle Type

3.4.2. IGR-Growth Matrix Analysis by Application

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Green Tire Market

Chapter 4. Green Tire Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Green Tire Market

5.2. Companies Profiles

5.2.1. MICHELIN

5.2.2. Bridgestone India Private Ltd.

5.2.3. The Goodyear Tire & Rubber Company

5.2.4. Hankook Tire & Technology

5.2.5. Pirelli & C. S.p.A.

5.2.6. GRI Tires

5.2.7. Nokian Tyres plc

5.2.8. Toyo Tire U.S.A. Corp.

5.2.9. Zhongce Rubber Group Co., Ltd.

5.2.10. Other Companies

Chapter 6. Global Green Tire Market by Vehicle Type

6.1. Passenger

6.2. Commercial

Chapter 7. Global Green Tire Market by Application

7.1. On-road

7.2. Off-road

Chapter 8. Global Green Tire Market by Region 2023-2030

8.1. North America

8.1.1. North America Green Tire Market by Vehicle Type

8.1.2. North America Green Tire Market by Application

8.1.3. North America Green Tire Market by Country

8.1.3.1. The U.S. Green Tire Market

8.1.3.1.1. The U.S. Green Tire Market by Vehicle Type

8.1.3.1.2. The U.S. Green Tire Market by Application

8.1.3.2. Canada Green Tire Market

8.1.3.2.1. Canada Green Tire Market by Vehicle Type

8.1.3.2.2. Canada Green Tire Market by Application

8.1.3.3. Mexico Green Tire Market

8.1.3.3.1. Mexico Green Tire Market by Vehicle Type

8.1.3.3.2. Mexico Green Tire Market by Application

8.2. Europe

8.2.1. Europe Green Tire Market by Vehicle Type

8.2.2. Europe Green Tire Market by Application

8.2.3. Europe Green Tire Market by Country

8.2.3.1. Germany Green Tire Market

8.2.3.1.1. Germany Green Tire Market by Vehicle Type

8.2.3.1.2. Germany Green Tire Market by Application

8.2.3.2. United Kingdom Green Tire Market

8.2.3.2.1. United Kingdom Green Tire Market by Vehicle Type

8.2.3.2.2. United Kingdom Green Tire Market by Application

8.2.3.3. France Green Tire Market

8.2.3.3.1. France Green Tire Market by Vehicle Type

8.2.3.3.2. France Green Tire Market by Application

8.2.3.4. Italy Green Tire Market

8.2.3.4.1. Italy Green Tire Market by Vehicle Type

8.2.3.4.2. Italy Green Tire Market by Application

8.2.3.5. Rest of Europe Green Tire Market

8.2.3.5.1. Rest of Europe Green Tire Market by Vehicle Type

8.2.3.5.2. Rest of Europe Green Tire Market by Application

8.3. Asia Pacific

8.3.1. Asia Pacific Green Tire Market by Vehicle Type

8.3.2. Asia Pacific Green Tire Market by Application

8.3.3. Asia Pacific Green Tire Market by Country

8.3.3.1. China Green Tire Market

8.3.3.1.1. China Green Tire Market by Vehicle Type

8.3.3.1.2. China Green Tire Market by Application

8.3.3.2. Japan Green Tire Market

8.3.3.2.1. Japan Green Tire Market by Vehicle Type

8.3.3.2.2. Japan Green Tire Market by Application

8.3.3.3. India Green Tire Market

8.3.3.3.1. India Green Tire Market by Vehicle Type

8.3.3.3.2. India Green Tire Market by Application

8.3.3.4. South Korea Green Tire Market

8.3.3.4.1. South Korea Green Tire Market by Vehicle Type

8.3.3.4.2. South Korea Green Tire Market by Application

8.3.3.5. Australia Green Tire Market

8.3.3.5.1. Australia Green Tire Market by Vehicle Type

8.3.3.5.2. Australia Green Tire Market by Application

8.3.3.6. Rest of Asia-Pacific Green Tire Market

8.3.3.6.1. Rest of Asia-Pacific Green Tire Market by Vehicle Type

8.3.3.6.2. Rest of Asia-Pacific Green Tire Market by Application

8.4. RoW

8.4.1. RoW Green Tire Market by Vehicle Type

8.4.2. RoW Green Tire Market by Application

8.4.3. RoW Green Tire Market by Sub-region

8.4.3.1. Latin America Green Tire Market

8.4.3.1.1. Latin America Green Tire Market by Vehicle Type

8.4.3.1.2. Latin America Green Tire Market by Application

8.4.3.2. Middle East Green Tire Market

8.4.3.2.1. Middle East Green Tire Market by Vehicle Type

8.4.3.2.2. Middle East Green Tire Market by Application

8.4.3.3. Africa Green Tire Market

8.4.3.3.1. Africa Green Tire Market by Vehicle Type

8.4.3.3.2. Africa Green Tire Market by Application

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of green tire.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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