Skip to main content

Green Tire Market : Key Players, Growth, Analysis, by 2032

 The global green tires market size is projected to increase from US$ 31.1 Bn in 2022 to US$ 78.6 Bn by 2032, accelerating at a CAGR of 9.7% between 2022 and 2032. Rising demand for fuel efficient vehicles and vehicle components to reduce environmental pollution is a key factor driving the global green tires market.

Green tires are essential for lowering the price and fuel efficiency of automobiles. Changes in customer preferences for sustainable transportation options and strict laws are driving up demand for tires that are both energy-efficient and environmentally friendly.

Green tires assist in minimizing the energy lost as a result of tire-to-rolling surface friction. Silica is used in the manufacturing of these tires to create low rolling resistance, which may eliminate tire friction on any given surface. It increases the energy efficiency of tires and raises the general level of tire and vehicle safety.

Changing consumer preferences for fuel-efficient automobiles, government regulations on carbon emissions, as well as a growth in demand from the e-commerce and logistics industries, would all boost the global market for green tire during the forecast period.

Key Takeaways of Green Tire Market Study

  • By tire size, the 18” tire size segment is projected to increase at a value CAGR of 9.1% during the forecast period.
  • In terms of vehicle type, passenger vehicles are anticipated to account for more than 68% of the global market.
  • Based on application, on-road segment is projected to grow at a value CAGR of 9.6% through 2032.
  • With implementation of stringent government regulations in the automotive industry, green tires market in Europe is projected to expand at 9.0% CAGR over the next ten years.
  • The green tire market in China is poised to expand at a value CAGR of 3% from 2022 to 2032.

“The market for green tire is expected to be supported by rising government regulations, and changing consumer preference for fuel-efficient tires. Besides this, product development with sustainable materials by prominent players coupled with adoption of strategies like collaborations and partnerships will bode well for the market.” says Future Market insights analyst

Competitive Landscape

Market players are attempting to increase their market share by developing eco-friendly materials-based green tires and modernizing existing product lines. To increase their sales channels in the market, the major corporations are looking to partner with distributor networks and vehicle manufacturers.

Leading manufacturers of green tires also adhere to important supply trends including the introduction of new products and significant expenditures on R&D.

Continental AG, Bridgestone, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C S.p.A are a few of the market's major participants.

Key Segments Covered in Green Tire Industry Analysis

Green Tire Market by Tire Size:

  • Below 15"
  • 16"
  • 17"
  • 18"
  • 19"
  • Above 19"

Green Tire Market by Vehicle Type:

  • Passenger Vehicle
  • LCV
  • HCV

Green Tire Market by Application:

  • On-Road
  • Off-Road

Green Tire Market by Sales Channel:

  • OEM
  • Aftermarket

Find More Valuable Insights

The research report analyzes the market demand trends of green tire. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of green tire. As per Future Market Insights’ research scope, the green tire market has been studied and segmented on the basis of tire size, vehicle type, application, and sales channel. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

For More Info@ https://www.futuremarketinsights.com/reports/green-tires-market

Comments

Post a Comment

Popular posts from this blog

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more

Automotive Battery Management System Market : Technological Growth Map over Time

  Automotive Battery Management System Market is estimated to reach US$ 15.3 Bn by the end of 2029 In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the  automotive battery management system market  is estimated to reach US$ 15.31 Bn by the end of 2029.  “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Key Takeaways of Automotive Battery Management Sys...
Post a Comment
Read more

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more