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Automotive Green Tires Market worth $21.73 billion by 2030, growing at a CAGR of 6.41% - Exclusive Report by 360iResearch
Automotive Green Tires Market | 360iResearch
The Global Automotive Green Tires Market to grow from USD 14.06 billion in 2023 to USD 21.73 billion by 2030, at a CAGR of 6.41%.
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Automotive green tires, often referred to as green or eco-friendly tires, are a type of tire created with an emphasis on environmental sustainability and improved fuel efficiency. These tires incorporate various features and technologies aimed at reducing their environmental impact and enhancing the overall efficiency of vehicles. These tires have several critical properties, including lightweight, low rolling resistance, low CO2 emissions and fuel consumption, extended life, and good durability, making them suited for off-road use. Green tires may also incorporate noise-reduction technologies to enhance driving comfort while minimizing noise pollution. Green tires help automakers meet stricter regulatory standards for vehicle emissions and fuel efficiency, making them essential to achieving environmental goals. The major factor influencing the growth of the automotive green tires market is the rising sales of passenger vehicles and increasing fuel efficiency, increasing government initiatives for a clean and green environment, and rapidly growing adoption of airless tires worldwide. On the other hand, the huge cost associated with automotive green tires and the lack of awareness about automotive green tires in emerging economies hinder the market growth. However, ongoing research and development initiatives to create novel green tires and increasing focus on renewable raw materials to manufacture eco-friendly tires create an opportunity for the automotive green tire market to grow in the coming years.
Automotive green tires, designed to reduce rolling resistance and improve fuel efficiency, are gaining significant traction worldwide. The automotive green tires market is developing in the Americas with the growing initiatives towards eco-friendly and sustainable practices. Consumers are becoming more environmentally conscious, increasing interest in green tires. Environmental regulations and emissions standards in some American countries are pushing to adopt fuel-efficient and low-rolling-resistance tires to reduce vehicle carbon emissions. The APAC region, particularly China and India, is experiencing significant growth in the automotive green tires market with the increasing number of vehicles on the road and a growing awareness of environmental concerns. Developing the electric vehicle market in countries, including China drives demand for specialized tires designed for EVs. These tires often have unique requirements to maximize the range of electric vehicles. The automotive green tires market in the EMEA region is supported by stringent environmental regulations and emissions standards, leading to the adoption of green tires as automakers seek to reduce the carbon footprint of their vehicles. Moreover, rising fuel prices in Europe and the need to reduce fuel consumption drive demand for tires with lower rolling resistance, which enhances fuel efficiency.
Market Segmentation & Coverage:
This research report categorizes the Automotive Green Tires Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Bias Tire and Radial Tire. The Radial Tire is projected to witness significant market share during forecast period.
Based on Vehicle, market is studied across Commercial Vehicles and Passenger Vehicles. The Passenger Vehicles is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Aftermarket and Original Equipment Manufacturer. The Aftermarket is projected to witness significant market share during forecast period.
Based on Application, market is studied across Off-Road and On-Road. The On-Road is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.66% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Green Tires Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Green Tires Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Green Tires Market, highlighting leading vendors and their innovative profiles. These include Apollo Tyres Limited, Bridgestone Corporation, CEAT Limited, Continental AG, Goodyear Tire & Rubber Company, JK Tyre, Kumho Tire, Linglong Group, Maxxis International, Michelin Group, MRF Limited, Nokian Tires, Pirelli & C. Spa, Sailun Group, Toyo Tire Corporation, Yokohama Tire Corporation, and ZC Rubber.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Green Tires Market, by Product
7. Automotive Green Tires Market, by Vehicle
8. Automotive Green Tires Market, by Sales Channel
9. Automotive Green Tires Market, by Application
10. Americas Automotive Green Tires Market
11. Asia-Pacific Automotive Green Tires Market
12. Europe, Middle East & Africa Automotive Green Tires Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Green Tires Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Green Tires Market?
3. What is the competitive strategic window for opportunities in the Automotive Green Tires Market?
4. What are the technology trends and regulatory frameworks in the Automotive Green Tires Market?
5. What is the market share of the leading vendors in the Automotive Green Tires Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Green Tires Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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