Rolling Towards Growth: Green Tires Market to Hit $180.64B by 2028 at 12.5% CAGR || Bridgestone Corporation, Goodyear India Limited, Continental AG

The Business Research Company presents an extensive market research report on the Green Tires Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the green tires industry. This report on green tires market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The green tires market size has grown rapidly in recent years. It will grow from $100.9 billion in 2023 to $112.87 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to environmental awareness, government regulations, consumer demand for eco-friendly products, rise in disposable income, increased demand for mobility services. The green tires market size is expected to see rapid growth in the next few years. It will grow to $180.64 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.

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Key Market Players:

Compagnie Générale des Établissements Michelin, Bridgestone Corporation, Goodyear India Limited, Continental AG are prominent players in the green tires industry.

Market Drivers:

According to the Green Tires Market Report 2023 by The Business Research Company, the key factors driving the growth of the green tires market, includes the increase in environmental awareness among consumers. To create more awareness among people, many countries, such as the USA, China, South Korea, and Japan, have implemented tire standards, ratings, labeling, and correct pressure programs. Due to the rising benefits of using green tires, such as eco-friendliness, high durability, fuel efficiency, and carbon emission reductions, consumers are opting for green tires compared to conventional tires. For instance, in September 2023, according to The Roundup, a US-based non-profit organization, 78% of consumers felt that environmental sustainability was important, and 55% of consumers were willing to pay more for eco-friendly brands.

More information about the Global Green Tires Market Report -
https://www.thebusinessresearchcompany.com/report/green-tires-global-market-report

Market segments for green tires include:
1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
2) By Size:

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