The global Bioactive Ingredients Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Vehicle (Light Commercial Vehicles, Passenger Cars, Heavy Trucks, Buses & Coaches), By Application (On Road, Off Road).
The Green Tires Market focuses on the development and adoption of environmentally friendly tires designed to reduce fuel consumption, lower emissions, and enhance sustainability. These tires are made from eco-friendly materials and employ energy-efficient manufacturing processes. The market is driven by increasing environmental regulations, rising consumer awareness about sustainability, and the automotive industry's push towards reducing carbon footprints. Green tires contribute to improved fuel efficiency, reduced rolling resistance, and overall better environmental performance.
The market report analyses the leading companies in the industry including APOLLO TYRES LTD, Bridgestone Corp, CANADIAN TIRE, Continental AG, GRI Tires, JK Tyre & Industries Ltd, MICHELIN, MRF Tyres, Nokian Tyres plc, Pirelli & C. S.p.A., RPG Group, The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd, Toyo Tire Corp
One prominent trend in the Green Tires Market is the increasing demand for sustainable transportation solutions. Consumers and businesses are becoming more environmentally conscious, leading to a rise in the adoption of green tires that offer reduced rolling resistance, lower fuel consumption, and lower carbon emissions. This trend is driven by regulatory initiatives promoting eco-friendly products and the growing awareness of the environmental impact of traditional tires.
The primary driver for the Green Tires Market is the implementation of stringent environmental regulations and emission standards by governments worldwide. Regulations aimed at reducing carbon footprint, promoting energy efficiency, and mitigating air pollution are pushing automotive manufacturers and tire producers to invest in green technologies. This driver is compelling the industry to develop and commercialize eco-friendly tire solutions, driving the growth of the green tires market.
An opportunity in the Green Tires Market lies in the innovation of sustainable tire technologies. Manufacturers can capitalize on the demand for green tires by investing in R&D for novel materials, tire designs, and production processes that enhance tire performance while reducing environmental impact. This includes developing tires with renewable materials, improving tire durability and longevity, and exploring advanced manufacturing techniques like sustainable rubber sourcing and tire recycling technologies.
The fastest-growing segment in the Green Tires Market is the Passenger Cars category. This growth is primarily driven by increasing environmental awareness and stringent regulations regarding vehicle emissions, prompting a shift towards eco-friendly transportation solutions. Passenger cars, being one of the most widely used vehicles globally, are witnessing a rising demand for green tires due to their reduced rolling resistance, improved fuel efficiency, and lower carbon footprint. Additionally, advancements in tire technology and manufacturing processes are further propelling the adoption of green tires in the passenger car segment.
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off RoadRegions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
APOLLO TYRES LTD
Bridgestone Corp
CANADIAN TIRE
Continental AG
GRI Tires
JK Tyre & Industries Ltd
MICHELIN
MRF Tyres
Nokian Tyres plc
Pirelli & C. S.p.A.
RPG Group
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co. Ltd
Toyo Tire Corp
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Green Tires Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Green Tires Market Size Outlook, $ Million, 2021 to 2030
3.2 Green Tires Market Outlook by Type, $ Million, 2021 to 2030
3.3 Green Tires Market Outlook by Product, $ Million, 2021 to 2030
3.4 Green Tires Market Outlook by Application, $ Million, 2021 to 2030
3.5 Green Tires Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Green Tires Industry
4.2 Key Market Trends in Green Tires Industry
4.3 Potential Opportunities in Green Tires Industry
4.4 Key Challenges in Green Tires Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Green Tires Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Green Tires Market Outlook by Segments
7.1 Green Tires Market Outlook by Segments, $ Million, 2021- 2030
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
8 North America Green Tires Market Analysis and Outlook To 2030
8.1 Introduction to North America Green Tires Markets in 2024
8.2 North America Green Tires Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Green Tires Market size Outlook by Segments, 2021-2030
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
9 Europe Green Tires Market Analysis and Outlook To 2030
9.1 Introduction to Europe Green Tires Markets in 2024
9.2 Europe Green Tires Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Green Tires Market Size Outlook by Segments, 2021-2030
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
10 Asia Pacific Green Tires Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Green Tires Markets in 2024
10.2 Asia Pacific Green Tires Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Green Tires Market size Outlook by Segments, 2021-2030
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
11 South America Green Tires Market Analysis and Outlook To 2030
11.1 Introduction to South America Green Tires Markets in 2024
11.2 South America Green Tires Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Green Tires Market size Outlook by Segments, 2021-2030
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
12 Middle East and Africa Green Tires Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Green Tires Markets in 2024
12.2 Middle East and Africa Green Tires Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Green Tires Market size Outlook by Segments, 2021-2030
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
APOLLO TYRES LTD
Bridgestone Corp
CANADIAN TIRE
Continental AG
GRI Tires
JK Tyre & Industries Ltd
MICHELIN
MRF Tyres
Nokian Tyres plc
Pirelli & C. S.p.A.
RPG Group
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co. Ltd
Toyo Tire Corp
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Vehicle
Light Commercial Vehicles
Passenger Cars
Heavy Trucks
Buses & Coaches
By Application
On Road
Off Road
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Green Tires Market Size is forecast to reach $41.8 Billion in 2032 from $13.2 Billion in 2024, registering an optimistic growth rate (CAGR) of 15.5%.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
APOLLO TYRES LTD, Bridgestone Corp, CANADIAN TIRE, Continental AG, GRI Tires, JK Tyre & Industries Ltd, MICHELIN, MRF Tyres, Nokian Tyres plc, Pirelli & C. S.p.A., RPG Group, The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd, Toyo Tire Corp
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume