Green Tires Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), Tire Size, Sales Channel, Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Green Tires Market Size

The Green Tires market size was valued at $31.55 billion in 2023 and is projected to reach $42.28 billion by 2029, growing at a CAGR of 5.0% during the forecast period.

Green Tires Market Overview

Green tires, also known as eco-friendly tires or low-rolling-resistance tires, are a type of tire designed with environmental considerations in mind. These tires are engineered to reduce fuel consumption and carbon emissions by minimizing rolling resistance, which is the energy lost as the tire rolls along the road surface. Green tires achieve this through the use of advanced rubber compounds, innovative tread designs, and lightweight construction materials. They typically feature silica-based tread compounds that offer improved traction and wear resistance while reducing heat buildup and rolling resistance. Additionally, green tires may incorporate technologies such as aerodynamic sidewall designs and optimized tire profiles to further enhance fuel efficiency. By reducing fuel consumption, green tires not only help drivers save money on fuel costs but also contribute to reducing greenhouse gas emissions and environmental impact. As a result, they have become increasingly popular among environmentally conscious consumers and are often promoted by tire manufacturers as part of their commitment to sustainability and corporate social responsibility.

Green Tires Market Dynamics

The market dynamics analyzed in this market research report encapsulate a multifaceted interplay of drivers and constraints that significantly shape the landscape of the Green Tires Market. The comprehensive analysis of both drivers and constraints enables a nuanced understanding of the market's dynamics, empowering businesses and stakeholders to make informed decisions in navigating the complexities of the market.

Green Tires Market Scope

The report “Global Green Tires Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Global Green Tires Market by, Vehicle Type

·        Passenger Cars

·        Light Commercial Vehicles (LCV)

·        Heavy Commercial Vehicles (HCV)

Global Green Tires Market by, Tire Size

·        15 Inch

·        16 Inch

·        17 Inch

·        18 Inch

Global Green Tires Market by, Sales Channel

·        Original Equipment Manufacturer (OEM)

·        Aftermarket

Global Green Tires Market by, Application

·        On-Road

·        Off-Road

Global Green Tires Market by, Geography

·        North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis.

·        Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

·        Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

·        South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

·        Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Key Players Profiled in this Research Report include:

·        Continental AG

·        The Goodyear Tire & Rubber Company

·        Michelin

·        Bridgestone Corporation

·        Hankook Tire

·        Pirelli & C. S.p.A.

·        Zhongce Rubber Group Co., Ltd (ZC-Rubber)

·        Cheng Shin Rubber Ind. Co. Lt. (Cheng Shin Tire)

·        Kumho Tire

·        Nokian Tyres plc

What can be explored with this research report?

·        Understand global Green Tires Market analysis, trends, and forecast to 2029.

·        Understand analysis of the Green Tires Market structure by identifying various segments and sub-segments of the market.

·        Understand revenue forecast and strategic analysis concerning industry trends and contribution to the overall Green Tires Market.

·        Understand the revenue forecast of the Green Tires Market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

·        Identification of major market trends, and factors driving, restraining, threatening, and providing opportunities for the Green Tires Market growth.

·        Analyzing opportunities by identification of high-growth segments/revenue pockets in the Green Tires Market.

·        Understand major player profiles in the Green Tires Market and analyze their business strategies.

·        Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the Green Tires Market.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Green Tires Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Green Tires Market by, Vehicle Type 
 6.1 Overview 
 6.2 Passenger Cars 
 6.3 Light Commercial Vehicles (LCV) 
 6.4 Heavy Commercial Vehicles (HCV) 
 
7 Global Green Tires Market by, Tire Size 
 7.1 Overview 
 7.2 15 Inch 
 7.3 16 Inch 
 7.4 17 Inch 
 7.5 18 Inch 
 
8 Global Green Tires Market by, Sales Channel 
 8.1 Overview 
 8.2 Original Equipment Manufacturer (OEM) 
 8.3 Aftermarket 
 
9 Global Green Tires Market by, Application 
 9.1 Overview 
 9.2 On-Road 
 9.3 Off-Road 
 
10 Global Green Tires Market by, Geography 
 10.1 Overview 
 10.2 North America 
 10.2.1 US
 10.2.2 Canada
 10.2.3 Mexico
 10.3 Europe 
 10.3.1 Germany
 10.3.2 France
 10.3.3 UK
 10.3.4 Italy
 10.3.5 Spain
 10.3.6 Rest of Europe
 10.4 Asia Pacific 
 10.4.1 China
 10.4.2 Japan
 10.4.3 India
 10.4.4 South Korea
 10.4.5 Australia
 10.4.6 New Zealand
 10.4.7 Rest of Asia Pacific
 10.5 South America 
 10.5.1 Brazil
 10.5.2 Argentina
 10.5.3 Chile
 10.5.4 Rest of South America
 10.6 Middle East & Africa 
 10.6.1 UAE
 10.6.2 Saudi Arabia
 10.6.3 Qatar
 10.6.4 Iran
 10.6.5 South Africa
 10.6.6 Rest of Middle East & Africa
 
11 Key Developments 
 
12 Company Profiling 
 12.1 Continental AG 
 12.1.1 Business Overview
 12.1.2 Product/Service Offering
 12.1.3 Financial Overview
 12.1.4 SWOT Analysis
 12.1.5 Key Activities
 12.2 The Goodyear Tire & Rubber Company 
 12.3 Michelin 
 12.4 Bridgestone Corporation 
 12.5 Hankook Tire 
 12.6 Pirelli & C. S.p.A. 
 12.7 Zhongce Rubber Group Co., Ltd (ZC-Rubber) 
 12.8 Cheng Shin Rubber Ind. Co. Lt. (Cheng Shin Tire) 
 12.9 Kumho Tire 
 12.10 Nokian Tyres plc