Green Tires Market Analysis, Challenges, Growth and Forecast By 2030

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.

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The green tire is a way big dream for the tire manufacturers. It’s a rocky road to fulfill 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.

Based on vehicle type, the passenger cars segment is estimated to account for the largest share of the green tires market in 2021, 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.

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Based on application, the on-road application segment accounted for the largest share of the green tires market in 2021. 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 2021, in terms of volume. Europe is expected to become the largest market by 2030, as tire labeling regulations and growing awareness about green tires are expected to drive the green tires market in Europe during the forecast period.

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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.