Strategic Forecast for the Automotive Green Tires Industry: Market Outlook 2025-2034

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Automotive Green Tires Market Size Growth Forecast: What to Expect by 2025?
In recent times, the automotive green tires market has experienced significant growth. The market is projected to expand from $10.95 billion in 2024 to $11.83 billion in 2025, showing a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this historical growth include regulatory measures aimed at curbing emissions, advancements in tire technology and rising environmental consciousness among consumers. Increased standards in fuel efficiency, growth in the adoption of hybrid and electric vehicles, escalation in oil prices and the automotive industry's shift towards sustainability have also been significant contributors to the market's expansion.

How Will the Automotive Green Tires Market Size Evolve and Grow by 2029?
We anticipate the automotive green tires market to experience substantial growth in the coming years, projecting to expand to $15.98 billion by 2029 with a compound annual growth rate (CAGR) of 7.8%. The surge in this period is likely due to advances in autonomous driving technology, growth of smart cities, rising urbanization, a shift towards electric vehicles, and developments in sustainable lifecycle alternatives. During the forecast period, factors such as growing consumer knowledge and demand, global government imposition of stringent emission standards, progression in battery technology and expansion of charging infrastructure will also be dominant trends.

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What Drivers Are Propelling the Growth of Automotive Green Tires Market Forward?
The surge in electric vehicle (EV) usage is anticipated to drive the expansion of the automotive green tires market in the future. Electric vehicles, which run completely or partially on rechargeable batteries instead of internal combustion engines, are rapidly being embraced owing to technological advancements, ecological concerns, government incentives, and falling prices. To enhance range efficiency and lessen environmental impact through reduced rolling resistance and use of eco-friendly materials, EVs rely on automotive green tires. For example, in July 2023, the Electric Vehicle Council, the national representative of the EV industry in Australia, reported that sales of EVs in Australia had skyrocketed in the first half of 2023, beating the total sales for all of 2022. By the end of June 2023, 46,624 EVs were sold, which is a significant 269% increase from the same timeframe in 2022. This rise boosted EVs to represent 8.4% of all new automobile sales in Australia, indicating a substantial 120.5% increase from the prior year. Thus, the rising preference for electric vehicles is steering the automotive green tires market upward.

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Which Emerging Trends Are Transforming the Automotive Green Tires Market in 2025?
Key players in the automotive green tire industry are crafting novel goods, such as eco-friendly next-gen tires to offer sustainable options to their clientele. These tires, labeled as next-gen sustainable tires, are created using cutting-edge materials and technology to promote environmental conservation, functionality, and effectiveness. For example, in March 2024, GRI Tires, an industrial tire producer based in Sri Lanka, introduced the GREEN XLR EARTH range and ULTIMATE GREEN XT tires, which stood out for their high percentage of eco-friendly material content. Specifically, the Green XLR Earth series (for agricultural use) is composed of 87.3% green materials, while the Ultimate Green XT (for material handling operations) comprises 93.5% green materials. In an interesting note, 86.4% of the Ultimate Green XT tire is comprised of bio-sourced and recycled materials, eschewing carbon black for a tread compound using highly dispersible silica, which decreases wear and tear and reduces particle emissions into the surroundings.

What Are the Key Segments in the Automotive Green Tires Market?
The automotive green tires market covered in this report is segmented -

1) By Type: Bias Tire, Radial Tire
2) By Material: Silica, Low-Aromatic Oils, Synthetic Rubber, Natural Rubber, Other Materials
3) By Propulsion Types: Electric, Hybrid, Plug-In Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs), Other Propulsion Types
4) By End Users: Individual Consumers, Fleet Operators, Original Equipment Manufacturers (OEMs), Other End Users

Subsegments:
1) By Bias Tire: Bias Ply Tires For Passenger Vehicles, Bias Ply Tires For Commercial Vehicles, Bias Ply Tires For Off-Road Vehicles, Bias Ply Tires For Agricultural Vehicles
2) By Radial Tire: Radial Tires For Passenger Cars, Radial Tires For Light Commercial Vehicles (Lcvs), Radial Tires For Heavy Commercial Vehicles (Hcvs), Radial Tires For Trucks And Buses, Radial Tires For Electric Vehicles (Evs)

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Who Are the Key Players Shaping the Automotive Green Tires Market's Competitive Landscape?
Major companies operating in the automotive green tires market are Bridgestone Corporation, Continental AG, Michelin, Goodyear Tire and Rubber Company, Maxxis International Inc., Sumitomo Rubber Industries Ltd., Giti Tire Pte Ltd, Pirelli & C.S.p.A, Hankook Tire & Technology Co. Ltd., Yokohama Rubber Company, MRF Tyres, Apollo Tyres Limited, Cooper Tire & Rubber Co, Kumho Tire, Nexen Tire Corp, CEAT Limited, Nokian Tyres plc, The Triangle Group, Linglong Americas Inc, Zhongce Rubber Group

What Geographic Markets Are Powering Growth in the Automotive Green Tires Market?
North America was the largest region in the automotive green tires market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive green tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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