Sale

Green Tyre Market

Global Green Tyre Market Analysis, Share, Trends, Forecast: By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCVS), Heavy Commercial Cars; By Application: On-Road, Off-Road; By End-User: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Green Tyre Market Outlook

The global green tyre market attained a value of USD 105.10 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 11% to reach a value of over USD 268.84 billion by 2032.

 

Europe Accounts for the Largest Market Share of Green Tyres

The European market is leading the green tyres industry. Some of the factors causing dominance of this region include the shifting purchasing patterns, rising awareness about fuel efficiency, increasing vehicle production and sales, per capita increase in income, and the introduction of electric and hybrid vehicles. Germany is a significant exporting hub for automobile producers and is recognised globally for its high-quality automobile production.

 

Global Green Tyre Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Asia Pacific is anticipated to grow in the forecast period due to increasing disposable income leading to rising demand for passenger cars in the region, thus, increasing demand for green tyres. Improving living standards of the population, stringent pollution norms and policies proposed by various countries, leading automotive producers shifting their manufacturing bases in the region are some of the factors fuelling market growth.

 

Green Tyre: Market Segmentation

Green tyres refer to a new variety of environmentally friendly rubber tyres. Green tyres focus on fuel efficiency. It contains more than 200 ingredients and is available in different types of rubber, each has its own desirable characteristics. It provides a lower rolling resistance and therefore less engine power sapped in rotating the tyre as these eco-friendly tyres employ a special type of tightly bonded rubber in the tread blocks to retain more energy while driving. One can reduce a vehicle's carbon footprint. Rolling resistance of a tyre can account for reduction of a vehicle's fuel consumption and carbon dioxide emissions.

 

Global Green Tyre Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The major types of vehicles of green tyre are:

  • Passenger Cars 
  • Light Commercial Vehicles (LCVS) 
  • Heavy Commercial Cars 

The market can be broadly categorised on the basis of its applications into:

  • On-Road 
  • Off-Road 

On the basis of end users, the market can be segregated into:

  • OEM 
  • Aftermarket 

The EMR report looks into the regional markets of green tyres like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Energy Saving Features are Driving the Market for Green Tyres

Green tires help in reducing the energy lost due to friction between tires and the rolling surface. The cost of installing green tyres may be considered as an expense but in the long run, the use of green tires turns out to be cost-effective. Increasing greenhouse emissions from tire manufacturing along with rising concerns on climate change and global warming is providing lucrative opportunities for growth.

 

Global Green Tyre Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increase in energy costs, strict government regulations, increasing urbanisation and globalisation, and increased environmental awareness regarding fuel consumption among consumers are some of the factors driving the market. Use of green tyres also helps in tackling the increasing scarcity of natural petroleum reserves and reducing the pollution globally.

 

Key Industry Players in the Global Green Tyre Market

The report presents a detailed analysis of the following key players in the global green tyre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Michelin North America, Inc. 
  • Bridgestone Americas Tire Operations, LLC 
  • Continental Reifin Deutschland GmbH 
  • Apollo Tyres Ltd 
  • Pirelli & C. S.p.A. - Pirelli Tyre S.p.A 
  • Kumho Doublestar Tyre Group 
  • Others 

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Vehicle Type
  • Application
  • End-User
  • Region
Breakup by Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles (LCVS)
  • Heavy Commercial Cars
Breakup by Application
  • On-Road
  • Off-Road
Breakup by End-User
  • OEM
  • Aftermarket
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Michelin North America, Inc.
  • Bridgestone Americas Tire Operations, LLC
  • Continental Reifin Deutschland GmbH
  • Apollo Tyres Ltd
  • Pirelli & C. S.p.A. - Pirelli Tyre S.p.A
  • Kumho Doublestar Tyre Group
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Green Tyre Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Green Tyre Historical Market (2018-2023) 
    8.3    Global Green Tyre Market Forecast (2024-2032)
    8.4    Global Green Tyre Market by Vehicle Type
        8.4.1    Passenger Cars
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Light Commercial Vehicles (LCVS)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Heavy Commercial Cars
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Green Tyre Market by Application
        8.5.1    On-Road
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Off-Road
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Green Tyre Market by End-User
        8.6.1    OEM
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Aftermarket
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Green Tyre Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Green Tyre Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Green Tyre Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Green Tyre Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Green Tyre Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Green Tyre Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Michelin North America, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Bridgestone Americas Tire Operations, LLC
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Continental Reifin Deutschland GmbH
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Apollo Tyres Ltd
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Pirelli & C. S.p.A. - Pirelli Tyre S.p.A
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Kumho Doublestar Tyre Group
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Green Tyre Market: Key Industry Highlights, 2018 and 2032
2.    Global Green Tyre Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
3.    Global Green Tyre Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
4.    Global Green Tyre Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Green Tyre Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Green Tyre Historical Market: Breakup by End-User (USD Million), 2018-2023
7.    Global Green Tyre Market Forecast: Breakup by End-User (USD Million), 2024-2032
8.    Global Green Tyre Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Green Tyre Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Green Tyre Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Green Tyre Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Green Tyre Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Green Tyre Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Green Tyre Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Green Tyre Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Green Tyre Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Green Tyre Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Green Tyre Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Green Tyre Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Green Tyre Market Structure

Key Questions Answered in the Report

In 2023, the global green tyre market attained a value of nearly USD 105.10 billion.

The market is projected to grow at a CAGR of 11% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 268.84 billion by 2032.

Factors like Increase in energy costs, increasing urbanisation and globalisation, strict government regulations, and increased environmental awareness regarding fuel consumption among consumers are the major industry drivers.

Increasing greenhouse emissions from tire manufacturing along with rising concerns on climate change and global warming is the key market trend.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest share in the market.

Passenger cars, light commercial vehicles (LCVS), and heavy commercial cars are the major types of vehicles of green tyre in the industry.

The applications of green tyres are on-road and off-road.

OEM and aftermarket are the end-users of green tyre in the industry.

The major players in the industry are Michelin North America, Inc., Bridgestone Americas Tire 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.

Analyst Review

The global green tyre market attained a value of USD 105.10 billion in 2023, driven by the rising environmental concerns. Aided by the growing fuel efficiency, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 11%. The market is projected to reach USD 268.84 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its application, the green tyre industry can be segmented into on road and off road, with on-road accounting for the largest market share. On the basis of end users, the OEM sector accounts for the leading share in the industry. The major regional markets for green tyre are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include Michelin North America, Inc., Bridgestone Americas Tire 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

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.

Right Methodology

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.

Right Price

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.

Right Support

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.

NEWSLETTER