Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global green tyre industry is driven by the European market. An increase in fuel efficiency drives the green tyre industry. The use of green tyres in vehicles can enhance the fuel economy. Some of the factors propelling the use of green tyres include increasing energy costs, severe government regulations, the need for improved handling and safety, increasing urbanization, and globalization. Rising environmental awareness among consumers regarding fuel consumption among the global population has resulted in a preference for green tyres among private automobile owners and commercial fleet owners. This sector is also attracting high investments leading to better research and development. Various governments have incentivized the usage of green tyres. Severe government regulations compel manufacturers to opt for green tyres. The application of green tyres help in tackling the increasing scarcity of natural petroleum reserves and reduce pollution globally. With the rapidly increasing population leading to the growth of commercial vehicles and passenger cars, automotive sales primarily drive the automotive green tyres market. Still, the COVID-19 pandemic heavily disrupted passenger car sales, especially in 2020. However, with the rise in vaccination drives, it is anticipated that the market will witness growth in the future. However, factors hampering the growth of the green tyre industry include the lack of awareness regarding the advantages of green tyres and the role it plays in decreasing fuel consumption.
The rising competition among the key players also provides an impetus to market growth. In March 2021, Apollo Tyres Ltd (NSE: APOLLOTYRE) introduced Apterra Cross tyres for India's fast-growing Compact SUV (CSUV) segment. This is the first dedicated range of tyres that caters to the CSUV segment. It is an outcome of an in-depth research to understand the exact usage patterns of CSUV drivers, the basis on which the team designed and developed. It has a twin steel belt, with JCP protection, for high puncture resistance, while the high abrasion resistant multi polymer blend used for the tread ensures longer tyre life. The rounder contact patches provide maximum ride comfort, which has been specially tuned for better compression during impact, basic advanced simulation techniques, also ensuring low noise generation.
Market Analysis by Vehicle Types, Applications, End Users, and Regions:
Key Findings of the Report:
Key Offerings of the report:
The major players in the global green tyre industry are Michelin North America, Inc., Bridgestone Americas Tyre Operations, LLC, Continental Reifin Deutschland GmbH, Apollo Tyres Ltd, Pirelli & C. S.p.A. - Pirelli Tyre S.p.A and Kumho Doublestar Tyre Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.