Global Green Tire Market Growth 2023-2029

Global Green Tire Market Growth 2023-2029

This report studies the Green Tire market; green tire means the tires used a whole new breed of environmentally friendly rubber. .Green tire technology focuses on the fuel efficiency bit. These eco-friendly tires also employ a special type of tightly bonded rubber in the tread blocks to retain more energy while driving – this means a lower rolling resistance and therefore less engine power sapped in rotating the tire. Rolling resistance of a tire can account for as much as 30% of a vehicle’s fuel consumption and a quarter of its CO2 emissions.
LPI (LP Information)' newest research report, the “Green Tire Industry Forecast” looks at past sales and reviews total world Green Tire sales in 2022, providing a comprehensive analysis by region and market sector of projected Green Tire sales for 2023 through 2029. With Green Tire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Green Tire industry.
This Insight Report provides a comprehensive analysis of the global Green Tire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Green Tire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Green Tire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Green Tire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Green Tire.
The global Green Tire market size is projected to grow from US$ 97090 million in 2022 to US$ 202850 million in 2029; it is expected to grow at a CAGR of 202850 from 2023 to 2029.
Global Green Tire key players include Michelin, Bridgestone, Continental, Pirelli, Goodyear, etc. Global top five manufacturers hold a share about 50%. Europe is the largest market, with a share about 40%, followed by China, with a share about 25 percent. In terms of product, Semi-Steel Tire is the largest segment, with a share about 80%. And in terms of application, the largest application is Passenger Vehicle, followed by Light Commercial Vehicle, Heavy Commercial Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Green Tire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
All-Steel Tire
Semi-Steel Tire
Segmentation by application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Michelin
Bridgestone
Continental
Pirelli
Goodyear
Shanghai Huayi
Sumitomo Rubber Industries
ZC Rubber
Yokohama
Nokian Tyres
Hankook
Maxxis
Triangle
Key Questions Addressed in this Report
What is the 10-year outlook for the global Green Tire market?
What factors are driving Green Tire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Green Tire market opportunities vary by end market size?
How does Green Tire break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.