Green Tyres Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Green Tyres market size is estimated at USD 75.8 Billion in 2020, expanding at a CAGR 12.6% from 2021-2027 to reach 182.31 Billion USD in 2027.
Market Dynamics
Green Tyres market is expected to witness substantial growth over the forecast period. Green tyres may use plasticizers such as silica and silane, as well as resins that are tightly bonded in the tread block, which maintains road safety during rains and conserves energy while driving, lowering rolling resistance and carbon emissions. Silica in tyres also improves the responsiveness and steering ability of tyres under pressure. a variety of severe weather conditions These tyres have also been shown to improve fuel economy & better traction on slippery roads
Rising energy costs, strict government regulations, and increased environmental consciousness among consumers about fuel economy, as well as a desire for improved handling and safety, are some of the key factors driving the growth of the green tyre market. Widespread replacement of fossil materials with renewable raw materials is not always a viable option because it necessitates acreage that could otherwise be used for food production. The process engineering involved in raw materials, as well as a lack of knowledge about green tyre technology and all-season traction capability, are likely factors restraining the growth of the green tyre market.
The Green tyre market is growing the fastest in Europe. The European Green Tires Market is being driven by an increase in government regulations on installing green tyres as well as a steady increase in vehicle sales. For example, the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals by the European Parliament) regulation, implemented in 2007, limits the use of chemical substances that are harmful to human health and the environment. Due to the region's stringent emission standards (EURO VI), major vehicle manufacturers prefer suppliers with components that help them meet those standards.
The Green Tyres market is fragmented into vehicle type, applications, and sales channel segments. Based on the vehicle type, the passenger car segment is anticipated to dominate the market. By application, the on-road segment is projected to grow at the highest CAGR during the forecast period. By sales channel, the OEM segment is dominating the market.
The Green Tyres market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in September 2021, Global Rubber Industries (Pvt.) Ltd. has introduced the Ultimate Green XT, which it claims is one of the world's most environmentally friendly materials-handling solid tyres. According to the company, the Ultimate Green XT is made up of 42.8 percent sustainable materials, including bio-sourced and recycled materials. Natural rubber, silica, recycled carbon black, and reclaimed rubber from used tyres are used to make the tyre.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Green Tyres by vehicle type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Apollo tires
- BKT
- Bridgestone
- Cheng Shin Rubber
- Continental
- Goodyear Tire & Rubber
- Green Arc Tire Manufacturing
- Hankook
- Hankook
- Kumho
- Maxxis
- Michelin North America
- MRF
- Nexen
- Nokian Tires
- Pirelli Tyre SpA
- PPG Industries Inc.
- Yokohama
- ZC Rubber
Vehicle type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Passenger Cars
- LCVs
- Commercial Vehicles
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- On-Road
- Off-Road
Sales Channel Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- OEM
- Aftermarket
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UA
Table Of Content
TABLE OF CONTENT
1. Green Tyres Market Overview
1.1. Product Overview and Scope of Green Tyres
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Green Tyres Market Size Growth Rate Analysis by Vehicle Type 2020 VS 2027
1.3.1. Passenger Cars
1.3.2. LCVs
1.3.3. Commercial Vehicles
1.3.4. Others
1.4. Global Green Tyres Consumption Comparison by Application: 2020 VS 2027
1.4.1. On-Road
1.4.2. Off-Road
1.5. Global Green Tyres Consumption Comparison by Sales Channel: 2020 VS 2027
1.5.1. OEM
1.5.2. Aftermarket
1.6. Global Green Tyres Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Green Tyres Estimates
1.6.2. Europe Green Tyres Estimates
1.6.3. China Green Tyres Estimates
1.6.4. Japan Green Tyres Estimates
2. Market Competition by Manufacturers
2.1. Global Green Tyres Revenue Market Share by Manufacturers (2020)
2.2. Green Tyres Market Share by Company Vehicle Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Green Tyres Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Green Tyres Production Sites, Area Served, Sales Channels
2.5. Green Tyres Market Competitive Situation and Trends
2.5.1. Green Tyres Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Green Tyres Consumption by Region (2016-2021)
3.1. Global Green Tyres Consumption by Region
3.2. Global Green Tyres Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Green Tyres Consumption Growth Rate (2016-2021)
3.2.3. North America Green Tyres Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Green Tyres Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Green Tyres Consumption Growth Rate (2016-2021)
3.2.7. Europe Green Tyres Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Green Tyres Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Green Tyres Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Green Tyres Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Green Tyres Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Green Tyres Consumption Growth Rate (2016-2021)
3.2.15. South America Green Tyres Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Green Tyres Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Green Tyres Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Green Tyres Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Green Tyres Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Green Tyres Consumption by Sales Channel (2016-2021)
4.1. Global Green Tyres Price by Sales Channel (2016-2021)
4.2. Global Green Tyres Revenue Market Share by Sales Channel (2016-2021)
4.2.1. OEM
4.2.2. Aftermarket
5. Global Green Tyres Consumption by Application (2016-2021)
5.1. Global Green Tyres Price by Application (2016-2021)
5.2. Global Green Tyres Revenue Market Share by Application (2016-2021)
5.2.1. On-Road
5.2.2. Off-Road
6. Global Green Tyres Consumption by Vehicle Type (2016-2021)
6.1. Global Green Tyres Price by Vehicle Type (2016-2021)
6.2. Global Green Tyres Revenue Market Share by Vehicle Type (2016-2021)
6.2.1. Passenger Cars
6.2.2. LCVs
6.2.3. Commercial Vehicles
6.2.4. Others
7. Key Companies Profiled
7.1. Apollo Tyres
7.1.1. Apollo Tyres Green Tyres Corporation Information
7.1.2. Apollo Tyres Green Tyres Product Portfolio
7.1.3. Apollo Tyres Green Tyres Consumption, Price and Gross Margin (2016-2021)
7.1.4. Apollo Tyres Main Business and Markets Served
7.1.5. Apollo Tyres Recent Developments/Updates
7.2. BKT
7.3. Bridgestone
7.4. Cheng Shin Rubber
7.5. Continental
7.6. Goodyear Tire & Rubber
7.7. Green Arc Tire Manufacturing
7.8. Hankook
7.9. Hankook
7.10. Kumho
7.11. Maxxis
7.12. Michelin North America
7.13. MRF
7.14. Nexen
7.15. Nokian Tires
7.16. Pirelli Tyre SpA
7.17. PPG Industries Inc.
7.18. Yokohama
7.19. ZC Rubber
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Green Tyres Distributors List
8.3. Green Tyres Customers
9. Market Dynamics
9.1. Green Tyres Industry Trends
9.2. Green Tyres Growth Drivers
9.3. Green Tyres Market Challenges
9.4. Green Tyres Market Restraints
10. Global Green Tyres Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Green Tyres, by Regions and Country
10.1.1. North America Forecasted Consumption of Green Tyres by Country
10.1.2. Europe Market Forecasted Consumption of Green Tyres by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Green Tyres by Region
10.1.4. Latin America Forecasted Consumption of Green Tyres by Country
10.1.5. Middle East and Africa Forecasted Consumption of Green Tyres by Country
11. Global Green Tyres Consumption and Demand Forecast, by Sales Channel Segments (2022-2027)
11.1. Global Forecasted Consumption of Green Tyres by Sales Channel Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Sales Channel Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Green Tyres by Sales Channel Segments (2022-2027)
12. Global Green Tyres Consumption and Demand Forecast, by Application Segments (2022-2027)
12.1. Global Forecasted Consumption of Green Tyres by Application Segments (2022-2027)
12.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Green Tyres by Application Segments (2022-2027)
13. Global Green Tyres Consumption and Demand Forecast, by Vehicle Type Segments (2022-2027)
13.1. Global Forecasted Consumption of Green Tyres by Vehicle Type Segments (2022-2027)
13.2. Global Consumption and Price Forecast by Vehicle Type Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Green Tyres by Vehicle Type Segments (2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Vehicle Type
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
Enquire Before Purchase
Frequently Asked Questions
Why Choose Market Research Strategy?
We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports
We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround
Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.
We abide by the information security policy and adheres to keep your private and business information confidential and secure.