Top Trends Transforming the Green Tires Market Landscape in 2025: Goodyear Introduces Innovative Green Tire, The Ultragrip Performance 3, Redefining Sustainability And Performance In Winter Tire

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

What Will the Green Tires Industry Market Size Be by 2025?
The market size for green tires has seen swift growth in the past few years. It is projected to expand from $112.19 billion in 2024 to $125.5 billion in 2025, with a compound annual growth rate (CAGR) of 11.9%. Elements such as environmental consciousness, governmental rules, a surge in consumer demand for eco-friendly commodities, increases in disposable income, and a heightened demand for mobility services have contributed to the growth during the historical period.

What's the Long-Term Growth Forecast for the Green Tires Market Size Through 2029?
Over the coming years, the market size of green tires is anticipated to experience expedited expansion. By 2029, the market is projected to amplify to $207.78 billion, evolving at a compound annual growth rate (CAGR) of 13.4%. The augmentation in the prediction period can be ascribed to the proliferation of electric vehicles, the advent of autonomous vehicles, escalating urbanization, and economic advancement. Noteworthy trends during the forecast period comprise intelligent tire technology, tires optimized for electrification, cross-sector partnerships, and tire-as-a-service models.

View the full report here:
https://www.thebusinessresearchcompany.com/report/green-tires-global-market-report

What Are the Key Growth Drivers Fueling the Green Tires Market Expansion?
The burgeoning concern for the environment among consumers is fueling the rise of the green tyre market. Several countries, including the USA, China, South Korea, and Japan, are actively promoting public awareness by putting tyre standards, ratings, labeling and proper pressure programs into effect. The appealing advantages of green tyres, such as their environmental friendliness, impressive durability, fuel efficiency, and ability to reduce carbon emissions have resulted in consumers preferring them over traditional tyres. For example, a survey conducted in September 2023 by The Roundup, a US-based non-profit organization, revealed that 78% of consumers considered environmental sustainability important, while 55% were ready to pay a higher price for brands that champion eco-friendliness. Additionally, in 2021, half of the global consumers stated they had started incorporating more eco-friendly habits over the previous six months. Hence, increased consciousness about the environmental implications of using green tyres is expected to further boost the green tyre market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5795&type=smp

What Are the Key Trends Driving Green Tires Market Growth?
Key players in the green tire market, such as Goodyear, are introducing novel products like the Goodyear UltraGrip Performance 3 to address the increasing demand for eco-friendly offerings. Goodyear UltraGrip Performance 3 is a high-quality winter tire produced from various sustainable materials. It offers superior traction and maneuverability in winter conditions while also being fuel-efficient, thus minimizing its effect on the environment. For example, in January 2023, the Goodyear Corporation, a US-based manufacturer, unveiled its environmentally-friendly automotive tire - the Goodyear UltraGrip Performance 3. This winter tire incorporates numerous sustainable elements, including silica derived from rice husk ash, and polyester recycled from plastic bottles. Equipped with snow protect and advanced wet grip technologies, it boasts of being composed of 90% sustainable materials.

How Is the Green Tires Market Segmented?
The green tires market covered in this report is segmented -

1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
2) By Size:

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.