Automotive Green Tires Market 2024-2028
The automotive green tires market is forecasted to grow by USD 167.5 bn during 2023-2028, accelerating at a CAGR of 18.58% during the forecast period. The report on the automotive green tires market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high affordability and low maintenance cost, benefits of using green tires, and government norms and mandates acting as market enablers for green tires.
Technavio's automotive green tires market is segmented as below:
- By Application
- Passenger vehicles
- Commercial vehicles
- By Type
- Radial tire
- Bias tire
- By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the developments in the field of automotive green tires as one of the prime reasons driving the automotive green tires market growth during the next few years. Also, tire manufacturers striving for sustainable practices for rubber sourcing and development of environment-friendly technology for manufacturing and recycling tires will lead to sizable demand in the market.
The report on the automotive green tires market covers the following areas:
- Automotive green tires market sizing
- Automotive green tires market forecast
- Automotive green tires market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive green tires market vendors that include Apollo Tyres Ltd., Balkrishna Industries Ltd., Bridgestone Corp., DOUBLE STAR TIRE, Emerald Resilient Tyre Manufacturers Pvt. Ltd., Giti Tire Pte. Ltd., GRI Tires, Hankook Tire and Technology Co. Ltd., Maxxis International, Michelin Group, NEXEN TIRE Corp., Nokian Tyres Plc., Pirelli and C S.p.A, RPG Enterprises, Sailun Group Co. Ltd., Schaeffler AG, The Goodyear Tire and Rubber Co., Triangle Tyres, Yokohama Tire Corp., and Zhongce Rubber Group Co. Ltd.. Also, the automotive green tires market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.