Global Green Tires Market was valued US$69.82 Bn in 2019 and is anticipated to reach US$XX Bn by 2026 at a CAGR of about XX % during a forecast period.
Global Green Tires Market is segmented by vehicle type, by application and by region. Green Tires market is segmented into Passenger Cars, Light Commercial Vehicle, Heavy duty and Aircraft. On-Road and Off-Road are application segment of Green Tires market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Green tire is a way big dream for the tire manufacturers. It’s a rocky road to fulfil this dream. Replacement of the raw materials present in tires with renewable materials may have a negative impact on the braking performance and compromising here is not acceptable. Currently the label “green” is used for tires, designed with an aim to improve the fuel economy.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Based on vehicle type, the passenger cars segment is estimated to account for the largest share of the green tires market in 2017, in terms of value and volume. Passenger cars lead the automotive production across the globe. In recent years, automotive manufacturers have been focusing on fuel efficiency, which, in turn, has created a demand for fuel-efficient tires.
Based on application, the on-road application segment accounted for the largest share of the green tires market in 2017. On-road vehicles include passenger cars, and trucks, which run on roads to transport passengers and goods from one place to another.
Europe was the largest market for green tires in 2017, in terms of volume. Europe is expected to become the largest market by 2026, as tire labelling regulations and growing awareness about green tires are expected to drive the green tires market in Europe during the forecast period.
PPG Industries Inc., Pirelli Tyre SpA, Bridgestone, Green Arc Tire Manufacturing, Goodyear Tire & Rubber, Michelin North America, Continental, Maxxis, Hankook, Kumho, Pyrolyx AG, Lanxess, Vittoria, Apollo Vredestein, CST., Sailun, LINGLONG TIRE, Kenda Tires., CRAIN COMMUNICATIONS, INC., Cooper Tire & Rubber Company, Yokohama Tire Corporation, Nexen, MRF, Petlas, Balkrishna Industries Limited (BKT), TOYO TIRE U.S.A. CORP. are key players included in the Green Tires Market.
Scope of Global Green Tires Market:
Global Green Tires Market by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicle
• Heavy Duty
• Aircraft
Global Green Tires Market by Application:
• On-Road
• Off-Road
Global Green Tires Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Global Green Tires Market:
• PPG Industries Inc.
• Pirelli Tyre SpA
• Bridgestone
• Green Arc Tire Manufacturing
• Goodyear Tire & Rubber
• Michelin North America
• Continental
• Maxxis
• Hankook
• Kumho
• Pyrolyx AG
• Lanxess
• Vittoria
• Apollo Vredestein
• CST.
• Sailun
• LINGLONG TIRE
• Kenda Tires.
• CRAIN COMMUNICATIONS INC.
• Cooper Tire & Rubber Company
• Yokohama Tire Corporation
• Nexen
• MRF
• Petlas
• Balkrishna Industries Limited
• TOYO TIRE U.S.A. CORP.
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The global green tires market is expected to reach USD 178.07 Billion by 2026, according to a new report by Reports and Data.
The Global Green Tires Market is witnessing a remarkable growth owing to an increase in the demands for the products and a tremendous shift in consumer preferences.
The impact analysis of the pandemic is described in the report.
Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.For the purpose of this report, Reports and Data have segmented the global green tires market on the basis of raw materials, vehicle type, application, sales, and region:Raw Materials Outlook Silica Incorporated RubberButyl RubberSilane Incorporated RubberOthersVehicle Type Outlook Passenger VehiclesCommercial VehiclesApplication Outlook On-RoadOff-RoadSales Outlook OEMAftermarketSome of the key players operating in the Green Tires market include:Bridgestone, Continental, Michelin, Goodyear, Hankook, Pirelli, Kumho, ZC Rubber, Nokian, and Cheng Shin Rubber, among others.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1702Beneficial Aspects of the Report:Global and region forecast of the Green Tires market from 2020-2027In-depth analysis of market dynamics, industry outlook, market size based on types and applicationsDetails of value chain analysis, supply and demand ratio, production and consumption patternsSWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive playersDetailed insights on competitive landscape and emerging market trendsResearch Methodology:The market report is formulated on the basis of data obtained through extensive primary and secondary research.
The data is further validated and verified by industry experts, research analysts, and professionals.
The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources.
The Global Green Tires Market is expected to reach a valuation of USD 1, 52,409.2 Million with a vigorous CAGR of 20.63% by 2023, according to the latest research report from Market Research Future (MRFR).
The report examines the COVID-19 overview of the global green tires market and provides a detailed illustration of market segments, new technologies, growth forecasts, and market challenges.Green tires are made from renewable materials such as nylon rubber through a process that does not require an enormous amount of energy.
At present, these environmentally friendly raw materials are taken over conventional products due to advantages such as being lighter than conventional products, which result in a reduction in the total weight of the vehicle.Key Players Notable players in the global green tire market are Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire, Pirelli & C. S.p.A., Cheng Shin Rubber Ind.
Co. Lt. (Cheng Shin Tire), Kumho Tire, Zhongce Rubber Group Co., Ltd (ZC-Rubber), and Nokian Tyres plc.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6340 Market SegmentationBy the sales channel, the global green tire market has been segmented into OEM and aftermarket.
The aftermarket segment by both value and volume, captured the largest market share in 2017, as this segment witnessed a substantial increase in demand for green tire due to the increasing preference for green tire over conventional tire among OEMs and fleet owners to reduce vehicle operating costs.By vehicle type, the global green tires industry has been segmented into passenger car, commercial vehicle, and others.
The passenger car segment is predicted to witness the highest market share due to the growing focus of automobile manufacturers on reducing fuel consumption, either reducing CO2 emissions or increasing passenger car mileage.By application, the global green tires market has been segmented into on-road and off-road.
Air pollution due to rising traffic problems has prompted the overwhelming support for the development of efficient automotive vehicles with minimum environmental impact.
Market Research Future has analyzed the global green tires market in its new report for the forecast period from 2017 to 2023.
Green tires are a great option as they reduce the rolling resistance between the tire and surface of the road.
Companies have developed green tires which are highly safe and help in reducing emissions by being more fuel efficient.
Traditional tires are made from rubber, green tires are made from a number of raw materials including silane incorporated rubber, recycled rubber, and renewable raw materials to name a few.
The growing global consciousness for the environment among consumers and governments of various countries has prompted a huge and supportive demand for green tires, thus driving the growth of the market.
