Green Tires Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Green Tires
Market Green Tires Market Insights The global
green tires market is expected to grow at a
significant CAGR over the forecast period. This
growth can be mainly attributed to increasing
adoption of the product coupled with the rising
disposable income in emerging economies.
Accordingly, the increase in the number of
environmental initiatives by governments such as
tire labeling regulation in Europe is also likely
to foster growth over the coming years. Along
with this, owing to the benefits associated with
the green tires such as superior fuel efficiency
and low rolling resistance is also anticipated to
be one of the major factors influencing market
growth. However, lack of awareness about the
benefits of green tires is likely to hinder the
growth of the industry.
Green Tires Market Vehicle Type Insights Based
on vehicle type, the market is segmented into
passenger cars and light commercial vehicle
among others. The passenger cars segment is
likely to hold the major market share in the
green tires market during the forecast period.
This growth can be associated with rising demand
for green tires for hybrid and electric
vehicles. Stringent tire regulations coupled with
increasing adoption of green tires in passenger
cars are also likely to propel the market growth.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Green Tires Market Application
Insights On the basis of application, the
industry is segmented into on-road, and off-road.
The on-road segment is anticipated to grow at a
healthy CAGR in the forecast period. This segment
includes vehicles such as LCVs, passenger cars
and trucks among others. The growing demand for
these vehicles is likely to stimulate market
growth. Green Tires Market Regional
Insights The European region is projected to
grow at the highest CAGR, wherein Germany is
expected to be the market leader. Growing
awareness about the application of green tires
along with the presence of key manufacturers is
major factors motivating the growth of the
market. Asia-Pacific is also anticipated to
record the highest share in terms of value and
volume. This can be attributed to rising
disposable income coupled with new product
launches in this region.
Green Tires Market End-Use Landscape The
end-use landscape entails a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase green tires over the coming years. Some
leading consumers of green tires are Groupe PSA,
Fiat Chrysler Automobiles, Ford, General Motors,
Daimler AG, Dongfeng Motor and Tata Group.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Green Tires Market Vendor Landscape
• The report contains a chapter dedicated to
  vendors operating in the market, covering raw
  material manufactures, equipment developers,
  manufacturers, and distributors. The report
  provides these insights on a regional level.
  This section of the report entails contact
  details, experience, products manufactured/suppli
  ed, and geographical presence of companies.
• Green Tires Market Share Competitor Analysis
• Some of the players operating in the global green
  tires market include Michelin, Bridgestone,
  Nokian Tires, ZC Rubber, Goodyear Tire and
  Rubber, Continental, Pirelli, Cheng Shin Rubber,
  Apollo tires, Sailun Tires, Shandong Linlong
  Tire, Hankook, Kenda Tires, Giti Rubber and Kumho
  Tires.
• In July 2018, Doublestar Group announced an
  agreement with Korea Development Bank (KDB). The
  agreement announced acquisition of a 45 stake in
  Kumho Tire. Doublestar Groups businesses
  include tires, smart equipment, green tires and
  industrial robots.
• In February 2018, Evonik A.G. announced
  increasing its production capacity in Adapazari,
  Turkey for precipitated silica by 4,000 metric
  tons per year. The expansion is projected to
  support increasing levels of demand for highly
  dispersible silica in southeastern Europe and the
  Middle East.
• The report segments the Green Tires Market on the
  basis of
• By Vehicle Type

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa
• This article contains text from the Green
  Tires Market Size Analysis Forecasts To 2025
  report prepared by Global Market Estimates. For
  more information or to buy the report, please
  visit https//www.globalmarketestimates.com/gree
  n-tires-market/
• Check our annual research partnership service
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  research-partnership-services/