The Green Tires Global Market Report 2023, provides comprehensive information on the green tires market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Green Tires Market’s Growth:
https://www.thebusinessresearchcompany.com/report/green-tires-global-market-report
As per The Business Research Company’s Green Tires Global Market Report 2023, the global green tires market size grew from $90.81 billion in 2022 to $101.25 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The green tires market size is expected to grow to $157.43 billion in 2027 at a CAGR of 11.7%.
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The green tires market is segmented:
1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
2) By Application: On-Road, Off-Road
3) By Size: <10 Inch, 10-20 Inch, 20-30 Inch
4) By Sales Channel: Aftermarket, OEM
Europe was the largest region in the green tires market in 2022.
The table of contents in TBRC’s green tires market report includes:
1. Executive Summary
2. Green Tires Market Characteristics
3. Green Tires Market Trends And Strategies
4. Green Tires Market - Macro Economic Scenario
5. Green Tires Market Size And Growth
.....
26. Africa Green Tires Market
27. Green Tires Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Green Tires Market
29. Green Tires Market Future Outlook and Potential Analysis
30. Appendix
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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 automotive 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.
