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Automotive Green Tires Market by Vehicle Type (PC, LCV, Trucks and Buses), Rim Size (13-15”, 16-18”, 19-21” and >21”), Propulsion Type (ICE and EV), Application (On-road and off-road), Sales Channel & Region - Forecast to 2028

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    Report

  • 212 Pages
  • September 2023
  • Region: Global
  • Markets and Markets
  • ID: 5886283
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The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. Governments around the world are increasingly imposing regulations on fuel efficiency and emissions. These regulations are driving demand for green tires, which are designed to reduce fuel consumption and emissions. Green tires are made from sustainable materials and can help to improve fuel efficiency, reduce emissions, and extend the life of tires. The growing demand for green tires is creating new opportunities for tire manufacturers and suppliers.

The Heavy Trucks segment is estimated to grow at a noticeable CAGR during the forecast period

Heavy trucks are used to transport heavy goods and include, trailers and towing trucks. The weight carrying capacity of heavy trucks is more than that of LCVs. Heavy trucks have more than four tires. In August 2023, Bridgestone Corporation launched Greatec M703 Ecopia which is ultra-wide base tire designed for long-haul and regional commercial vehicles. It is designed with a high-density, ultra-wide tread pattern and a long-wearing compound to provide high mileage over its service life. Green tires can also have a longer lifespan than traditional tires. This can save money on replacement costs, especially for vehicles that are used for a lot of hauling. In May 2022, Goodyear announced to eliminate petroleum-based materials from its high-end tires for heavy trucks Both Europe and the US have stringent regulations and standards for vehicle safety, including tire quality and maintenance. These regulations encourage the use of higher-quality tires that are designed to be more durable and efficient which will drive the market. The environmental regulations for the reduction of CO2 emissions across the globe are expected to drive the demand for green tires in heavy trucks.

16-18”  segment is likely to dominate the automotive green tires market during the forecast period

Growing logistics industry is creating new opportunities for 16-18” tires, due to an increase in sales of LCVs. Logistics companies require vehicles that can handle heavy loads, with difficult terrains, and larger tires can provide better traction and performance. The logistics industry is constantly evolving, and the types of vehicles used to transport heavy loads are also evolving. As new technologies emerge, new types of vehicles are being developed that can transport heavy loads more efficiently and safely. Many OEMs are developing new technologies, such as run-flat tires and self-inflating tires, which are mostly offered in 16-18" rim-size tires. This could lead to an increase in demand for these tires, as they offer a number of advantages over traditional tires. Hence, the green tire market will grow

Asia Pacific shows high growth potential for automotive green tires market

China is considered as the manufacturing hub for the automotive industry. This, in turn, is estimated to drive the growth of the green tire market in the Asia Pacific region. In the past few years, the Asia Pacific region has experienced an increase in the demand for luxury or premium segment vehicles. Asia Pacific has emerged as a production hub for major tire manufacturing companies such as Continental (Germany), Goodyear (US), Cooper (US), Pirelli (Italy), Michelin (Singapore), Bridgestone Corporation, Yokohama, Hankook Technology Group Co. Ltd. (South Korea), Nokian (Finland), Apollo Tyres (India), and Sumitomo Rubber Industries (Japan) as of June 2023. In 2021, Asahi Kasei, a Japanese company announced to produce of sustainable solution-polymerized styrene-butadiene rubber (S-SBR) for eco friendly tires.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the automotive green tires market. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 80%, OEMs - 20% 
  • By Designation: Director Level - 10%, C Level Executives - 60%, and Others - 30%
  • By Region: North America - 10%, Europe - 20%, Asia Pacific - 60% South America - 5%, Middle East and Africa - 5% and 

The automotive green tires market comprises major manufacturers such as Bridgestone Corporation (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Continental (Germany), etc.

Research Coverage:
The study covers the automotive green tires market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as green tire propulsion, vehicle type, rim size, application, sales channel, and region. The study also includes an in-depth competitive analysis of key market players, their company profiles, key observations related to product and business offerings, recent developments, and acquisitions. 

This research report categorizes Automotive green tires Market by propulsion Type (ICE and EV), Sales Channel type (OEM and aftermarket), application (On-road and off-road), Vehicle Type (Passenger Cars, Light Commercial Vehicles,  Heavy Commercial Vehicles, Buses and Two-wheelers), Rim Size (13-15”, 16-18”, 19-21” and >21”), and Region (Asia Pacific, Europe, North America, South America and Middle East & Africa).

The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the automotive green tires market. A detailed analysis of the key industry players provides insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the automotive green tires market. Competitive analysis of SMEs/startups in the automotive green tires market ecosystem is covered in this report. 

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive green tires market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Government initiatives for a clean and green environment, Increasing vehicle range, Increase in fuel efficiency, High demand for low rolling resistance tires), restraints (Lack of awareness in emerging economies), opportunities (Green replacement tires, Development of green tires owing to stringent regulations), and challenges (Increasing number of mandatory tests to be performed before commercial use of tires, Structural limitation may impede future adoption) influencing the growth of the automotive green tires market. 
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive green tires market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the automotive green tires market across varied regions. 
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive green tires market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Bridgestone Corporation (Japan), Michelin (France), Goodyear (US), Pirelli (Italy), Continental (Germany) among others in the automotive green tires market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
Table 1 Green Tires Market, Definition by Vehicle Type
Table 2 Green Tires Market, Definition by Propulsion Type
Table 3 Green Tires Market, Definition by Sales Channel
1.3 Inclusions and Exclusions
Table 4 Inclusions and Exclusions
1.4 Study Scope
Figure 1 Green Tires Market Segmentation
1.4.1 Regions Covered
1.4.2 Years Considered
1.5 Currency Considered
Table 5 Currency Exchange Rates (Per USD)
1.6 Unit Considered
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Participants
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 4 Top-Down Approach
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Factor Analysis
Figure 6 Factors Impacting Market Growth
Figure 7 Regional Factor Analysis
Figure 8 Demand-and Supply-Side Factor Analysis
2.5 Recession Impact Analysis
2.6 Research Assumptions
2.7 Research Limitations

3 Executive Summary
Figure 9 Report Summary
Figure 10 Asia-Pacific to be Largest Market for Green Tires During Forecast Period
Figure 11 Passenger Cars to be Largest Segment During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities for Players in Green Tires Market
Figure 12 Increased Preference for Advanced Tire Technologies
4.2 Green Tires Market, by Application
Figure 13 On-Road Segment to Acquire Largest Market Share by Value in 2028
4.3 Green Tires Market, by Vehicle Type
Figure 14 Passenger Cars to Secure Leading Market Position by Value During Forecast Period
4.4 Green Tires Market, by Propulsion Type
Figure 15 Ice to be Largest Segment by Value During Forecast Period
4.5 Green Tires Market, by Rim Size
Figure 16 19-21” to be Fastest-Growing Segment by Value During Forecast Period
4.6 Green Tires Market, by Region
Figure 17 Asia-Pacific to Secure Maximum Market Share in 2023

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Green Tires Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Initiatives to Reduce Carbon Emissions
Table 6 Carbon Emission Reduction Targets
5.2.1.2 Increasing Preference for Long-Range Electric Vehicles
5.2.1.3 High Demand for Fuel-Efficient Vehicles
Table 7 Factors Improving Fuel Efficiency
5.2.1.4 Rising Adoption of Low Rolling Resistance Tires
Table 8 Products Offered by Key Players
5.2.2 Restraints
5.2.2.1 Lack of Awareness in Emerging Economies
Table 9 Factors Leading to Low Awareness in Emerging Economies
5.2.2.2 Longevity of Tires to Affect Aftermarket Sales
5.2.3 Opportunities
5.2.3.1 Growing Replacement Tires Market
Table 10 Factors Promoting Use of Green Tires
5.2.3.2 Rising Focus on Environmental Sustainability
Table 11 Impact of Eco-Friendly Materials on Tire Performance
5.2.4 Challenges
5.2.4.1 Compliance with Mandatory Tests for Commercialization of Tires
Table 12 Commercialization of Green Tires by Test Category
5.2.4.2 Structural Limitations to Impede Future Adoption
Figure 19 Structure of Green Tire
Table 13 Impact of Market Dynamics
5.3 Supply Chain Analysis
Figure 20 Supply Chain Analysis
5.4 Ecosystem Mapping
Figure 21 Ecosystem Mapping
Table 14 Role of Key Players in the Ecosystem
5.5 Case Studies
5.5.1 Michelin, Axens, and Ifp Energies Nouvelles
5.5.2 Bridgestone Corporation, Arlanxeo, and Solvay
5.5.3 Michelin and Enviro
5.6 Pricing Analysis
5.6.1 Average Selling Price of Green Tires, by Key Player
Table 15 Average Selling Price of Green Tires, by Key Player (USD)
5.6.2 Average Selling Price of Green Tires, by Region
Table 16 Average Selling Price of Green Tires, by Region (USD)
5.7 Patent Analysis
Table 17 Key Patent Registrations
Table 18 Patented Documents Analysis, by Published, Filed, and Granted, 2018-2022
5.8 Technology Analysis
5.8.1 Smart Tires
5.8.2 3D Printed Tires
5.8.3 Run-Flat Tires
5.9 Regulatory Landscape
Table 19 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 20 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 21 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
5.10 Key Conferences and Events, 2023-2024
Table 22 Key Conferences and Events, 2023-2024
5.11 Key Stakeholders and Buying Criteria
5.11.1 Key Stakeholders in Buying Process
Table 23 Influence of Stakeholders on Buying Process of Green Tires, by Vehicle Type (%)
Figure 22 Influence of Stakeholders on Buying Process of Green Tires, by Vehicle Type
5.11.2 Buying Criteria
Figure 23 Key Buying Criteria for Green Tires
5.12 Trends and Disruptions Impacting Customers’ Businesses
Figure 24 Trends and Disruptions Impacting Customers’ Businesses
5.13 Mnm Insights on Materials Used in Green Tires
5.13.1 Silica
5.13.2 Natural Rubber
5.13.3 Steel Belt
5.13.4 Silane
5.13.5 Bio-based Resin
5.14 Green Tires Market Scenarios, 2023-2028
5.14.1 Most Likely Scenario
Table 24 Most Likely Scenario: Green Tires Market, by Region, 2023-2028 (USD Million)
5.14.2 Optimistic Scenario
Table 25 Optimistic Scenario: Green Tires Market, by Region, 2023-2028 (USD Million)
5.14.3 Pessimistic Scenario
Table 26 Pessimistic Scenario: Green Tires Market, by Region, 2023-2028 (USD Million)

6 Green Tires Market, by Propulsion Type
6.1 Introduction
Figure 25 Green Tires Market, by Propulsion Type, 2023-2028 (USD Million)
Table 27 Green Tires Market, by Propulsion Type, 2018-2022 (Million Units)
Table 28 Green Tires Market, by Propulsion Type, 2023-2028 (Million Units)
Table 29 Green Tires Market, by Propulsion Type, 2018-2022 (USD Million)
Table 30 Green Tires Market, by Propulsion Type, 2023-2028 (USD Million)
6.2 EV
6.2.1 Rise in Adoption of Electric Vehicles to Drive Growth
Table 31 EV: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 32 EV: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 33 EV: Green Tires Market, by Region, 2018-2022 (USD Thousand)
Table 34 EV: Green Tires Market, by Region, 2023-2028 (USD Thousand)
6.3 Ice
6.3.1 Rapid Development of New Tire Technologies to Drive Growth
Table 35 Ice: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 36 Ice: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 37 Ice: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 38 Ice: Green Tires Market, by Region, 2023-2028 (USD Million)
6.4 Key Industry Insights

7 Green Tires Market, by Vehicle Type
7.1 Introduction
Figure 26 Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
Table 39 Green Tires Market, by Vehicle Type, 2018-2022 (Million Units)
Table 40 Green Tires Market, by Vehicle Type, 2023-2028 (Million Units)
Table 41 Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 42 Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
7.2 Passenger Cars
7.2.1 Rise in Demand for Improved Safety to Drive Growth
Table 43 Passenger Cars: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 44 Passenger Cars: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 45 Passenger Cars: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 46 Passenger Cars: Green Tires Market, by Region, 2023-2028 (USD Million)
7.3 Light Commercial Vehicles
7.3.1 Reduction in Operating Costs to Drive Growth
Table 47 Light Commercial Vehicles: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 48 Light Commercial Vehicles: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 49 Light Commercial Vehicles: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 50 Light Commercial Vehicles: Green Tires Market, by Region, 2023-2028 (USD Million)
7.4 Trucks
7.4.1 Stringent Regulations for Vehicle Safety to Drive Growth
Table 51 Trucks: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 52 Trucks: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 53 Trucks: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 54 Trucks: Green Tires Market, by Region, 2023-2028 (USD Million)
7.5 Buses
7.5.1 Surge in Demand for Sustainable Transportation Solutions to Drive Growth
Table 55 Buses: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 56 Buses: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 57 Buses: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 58 Buses: Green Tires Market, by Region, 2023-2028 (USD Million)
7.6 Two-Wheelers
7.6.1 Increase in Production of Low Rolling Resistance Tires to Drive Growth
7.7 Key Industry Insights

8 Green Tires Market, by Application
8.1 Introduction
Figure 27 Green Tires Market, by Application, 2023-2028 (USD Million)
Table 59 Green Tires Market, by Application, 2018-2022 (Thousand Units)
Table 60 Green Tires Market, by Application, 2023-2028 (Thousand Units)
Table 61 Green Tires Market, by Application, 2018-2022 (USD Million)
Table 62 Green Tires Market, by Application, 2023-2028 (USD Million)
8.2 On-Road
8.2.1 Increase in Demand for On-Road Vehicles to Drive Growth
Table 63 On-Road: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 64 On-Road: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 65 On-Road: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 66 On-Road: Green Tires Market, by Region, 2023-2028 (USD Million)
8.3 Off-Road
8.3.1 Boost in Construction and Mining Activities to Drive Growth
Table 67 Off-Road: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 68 Off-Road: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 69 Off-Road: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 70 Off-Road: Green Tires Market, by Region, 2023-2028 (USD Million)
8.4 Key Industry Insights

9 Green Tires Market, by Rim Size
9.1 Introduction
Figure 28 Green Tires Market, by Rim Size, 2023-2028 (USD Million)
Table 71 Green Tires Market, by Rim Size, 2018-2022 (Million Units)
Table 72 Green Tires Market, by Rim Size, 2023-2028 (Million Units)
Table 73 Green Tires Market, by Rim Size, 2018-2022 (USD Million)
Table 74 Green Tires Market, by Rim Size, 2023-2028 (USD Million)
9.2 13-15”
9.2.1 Rising Preference for Compact Cars to Drive Growth
Table 75 13-15”: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 76 13-15”: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 77 13-15”: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 78 13-15”: Green Tires Market, by Region, 2023-2028 (USD Million)
9.3 16-18”
9.3.1 Expanding Logistics Industry to Drive Growth
Table 79 16-18”: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 80 16-18”: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 81 16-18”: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 82 16-18”: Green Tires Market, by Region, 2023-2028 (USD Million)
9.4 19-21”
9.4.1 Surge in Sales of Luxury Cars to Drive Growth
Table 83 19-21”: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 84 19-21”: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 85 19-21”: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 86 19-21”: Green Tires Market, by Region, 2023-2028 (USD Million)
9.5 >21”
9.5.1 Extensive Use in Heavy Commercial Vehicles to Drive Growth
Table 87 >21”: Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 88 >21”: Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 89 >21”: Green Tires Market, by Region, 2018-2022 (USD Million)
Table 90 >21”: Green Tires Market, by Region, 2023-2028 (USD Million)
9.6 Key Industry Insights

10 Green Tires Market, by Sales Channel
10.1 Introduction
10.2 OEM
10.3 Aftermarket
10.4 Key Industry Insights

11 Green Tires Market, by Region
11.1 Introduction
Figure 29 Green Tires Market, by Region, 2023-2028 (USD Million)
Table 91 Green Tires Market, by Region, 2018-2022 (Thousand Units)
Table 92 Green Tires Market, by Region, 2023-2028 (Thousand Units)
Table 93 Green Tires Market, by Region, 2018-2022 (USD Million)
Table 94 Green Tires Market, by Region, 2023-2028 (USD Million)
11.2 Asia-Pacific
11.2.1 Recession Impact Analysis
Figure 30 Asia-Pacific: Green Tires Market Snapshot
Table 95 Asia-Pacific: Green Tires Market, by Country, 2018-2022 (Thousand Units)
Table 96 Asia-Pacific: Green Tires Market, by Country, 2023-2028 (Thousand Units)
Table 97 Asia-Pacific: Green Tires Market, by Country, 2018-2022 (USD Million)
Table 98 Asia-Pacific: Green Tires Market, by Country, 2023-2028 (USD Million)
11.2.2 China
11.2.2.1 Government Initiatives to Promote Adoption of Electric Vehicles to Drive Growth
Table 99 China: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 100 China: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 101 China: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 102 China: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.2.3 South Korea
11.2.3.1 Rising Partnerships for the Development of Sustainable Tires to Drive Growth
Table 103 South Korea: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 104 South Korea: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 105 South Korea: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 106 South Korea: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.2.4 Japan
11.2.4.1 Increase in R&D Investments to Drive Growth
Table 107 Japan: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 108 Japan: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 109 Japan: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 110 Japan: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.2.5 India
11.2.5.1 Boost in Automobile Sales to Drive Growth
Table 111 India: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 112 India: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 113 India: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 114 India: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.2.6 Thailand
11.2.6.1 Rise in Production of Pickup Trucks to Drive Market
Table 115 Thailand: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 116 Thailand: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 117 Thailand: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 118 Thailand: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.2.7 Rest of Asia-Pacific
11.3 Europe
11.3.1 Recession Impact Analysis
Figure 31 Europe: Green Tires Market Snapshot
Table 119 Europe: Green Tires Market, by Country, 2018-2022 (Thousand Units)
Table 120 Europe: Green Tires Market, by Country, 2023-2028 (Thousand Units)
Table 121 Europe: Green Tires Market, by Country, 2018-2022 (USD Million)
Table 122 Europe: Green Tires Market, by Country, 2023-2028 (USD Million)
11.3.2 Germany
11.3.2.1 Presence of Leading Tire Manufacturers to Drive Growth
Table 123 Germany: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 124 Germany: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 125 Germany: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 126 Germany: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.3 Spain
11.3.3.1 Increasing Focus on Environmental Sustainability to Drive Growth
Table 127 Spain: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 128 Spain: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 129 Spain: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 130 Spain: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.4 Uk
11.3.4.1 Government Efforts to Achieve Net Zero Emissions to Drive Growth
Table 131 UK: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 132 UK: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 133 UK: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 134 UK: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.5 France
11.3.5.1 Stringent Emission Laws to Drive Growth
Table 135 France: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 136 France: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 137 France: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 138 France: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.6 Italy
11.3.6.1 Growing Emphasis on Reducing Carbon Emissions to Drive Growth
Table 139 Italy: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 140 Italy: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 141 Italy: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 142 Italy: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.7 Russia
11.3.7.1 Rising Adoption of Eco-Friendly Technologies to Drive Growth
Table 143 Russia: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 144 Russia: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 145 Russia: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 146 Russia: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.8 Turkey
11.3.8.1 Extensive Use of Trucks in the Mining Industry to Drive Growth
Table 147 Turkey: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 148 Turkey: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 149 Turkey: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 150 Turkey: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.3.9 Rest of Europe
11.4 North America
11.4.1 Recession Impact Analysis
Table 151 North America: Green Tires Market, by Country, 2018-2022 (Thousand Units)
Table 152 North America: Green Tires Market, by Country, 2023-2028 (Thousand Units)
Table 153 North America: Green Tires Market, by Country, 2018-2022 (USD Million)
Table 154 North America: Green Tires Market, by Country, 2023-2028 (USD Million)
11.4.2 US
11.4.2.1 Integration of New Technologies in Automobiles to Drive Growth
Table 155 US: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 156 US: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 157 US: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 158 US: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.4.3 Canada
11.4.3.1 Development of Innovative Green Tires to Drive Growth
Table 159 Canada: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 160 Canada: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 161 Canada: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 162 Canada: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.4.4 Mexico
11.4.4.1 Rising Consumer Awareness Regarding Green Tire Technologies to Drive Growth
Table 163 Mexico: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 164 Mexico: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 165 Mexico: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 166 Mexico: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.5 Latin America
11.5.1 Recession Impact Analysis
Table 167 Latin America: Green Tires Market, by Country, 2018-2022 (Thousand Units)
Table 168 Latin America: Green Tires Market, by Country, 2023-2028 (Thousand Units)
Table 169 Latin America: Green Tires Market, by Country, 2018-2022 (USD Million)
Table 170 Latin America: Green Tires Market, by Country, 2023-2028 (USD Million)
11.5.2 Brazil
11.5.2.1 Presence of Leading Automotive Companies to Drive Growth
Table 171 Brazil: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 172 Brazil: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 173 Brazil: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 174 Brazil: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.5.3 Argentina
11.5.3.1 Government Policies for Use of Fuel-Efficient Vehicles to Drive Growth
Table 175 Argentina: Green Tires Market, by Vehicle Type, 2018-2022 (Thousand Units)
Table 176 Argentina: Green Tires Market, by Vehicle Type, 2023-2028 (Thousand Units)
Table 177 Argentina: Green Tires Market, by Vehicle Type, 2018-2022 (USD Million)
Table 178 Argentina: Green Tires Market, by Vehicle Type, 2023-2028 (USD Million)
11.5.4 Rest of Latin America
11.6 Middle East & Africa
11.6.1 Recession Impact Analysis
Table 179 Middle East & Africa: Green Tires Market, by Country, 2018-2022 (Thousand Units)
Table 180 Middle East & Africa: Green Tires Market, by Country, 2023-2028 (Thousand Units)
Table 181 Middle East & Africa: Green Tires Market, by Country, 2018-2022 (USD Million)
Table 182 Middle East & Africa: Green Tires Market, by Country, 2023-2028 (USD Million)
11.6.2 Iran
11.6.2.1 Booming Automotive Industry to Drive Growth
Table 183 Iran: Green Tires Market, by Vehicle Type, 2018-2022 (Units)
Table 184 Iran: Green Tires Market, by Vehicle Type, 2023-2028 (Units)
Table 185 Iran: Green Tires Market, by Vehicle Type, 2018-2022 (USD Thousand)
Table 186 Iran: Green Tires Market, by Vehicle Type, 2023-2028 (USD Thousand)
11.6.3 South Africa
11.6.3.1 Sustainability Initiatives by Domestic Associations to Drive Growth
Table 187 South Africa: Green Tires Market, by Vehicle Type, 2018-2022 (Units)
Table 188 South Africa: Green Tires Market, by Vehicle Type, 2023-2028 (Units)
Table 189 South Africa: Green Tires Market, by Vehicle Type, 2018-2022 (USD Thousand)
Table 190 South Africa: Green Tires Market, by Vehicle Type, 2023-2028 (USD Thousand)
11.6.4 Rest of Middle East & Africa

12 Competitive Landscape
12.1 Overview
12.2 Strategies Adopted by Key Players, 2021-2023
Table 191 Strategies Adopted by Key Players, 2021-2023
12.3 Market Share Analysis, 2022
Table 192 Market Share Analysis, 2022
Figure 32 Market Share Analysis, 2022
12.3.1 Michelin
12.3.2 Bridgestone Corporation
12.3.3 The Goodyear Tire & Rubber Company
12.3.4 Continental AG
12.3.5 Pirelli & C. S.P.A.
12.4 Revenue Analysis, 2018-2022
Figure 33 Revenue Analysis of Top Five Players, 2018-2022
12.5 Company Evaluation Matrix
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 34 Company Evaluation Matrix, 2023
12.6 Company Footprint
Table 193 Company Footprint, 2023
Table 194 Product Footprint, 2023
Table 195 Region Footprint, 2023
12.7 Start-Up/SME Evaluation Matrix
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 35 Start-Up/SME Evaluation Matrix, 2023
12.8 Competitive Benchmarking
Table 196 Key Start-Ups/SMEs
Table 197 Competitive Benchmarking of Key Start-Ups/SMEs
12.9 Competitive Scenario
12.9.1 Product Developments
Table 198 Product Developments, 2020-2023
12.9.2 Deals
Table 199 Deals, 2020-2023
12.9.3 Others
Table 200 Others, 2020-2023

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, Analyst's View Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats) *
13.1 Key Players
13.1.1 Michelin
Table 201 Michelin: Company Overview
Figure 36 Michelin: Company Snapshot
Figure 37 Michelin's Partnerships with Leading Electric Vehicle OEMs
Table 202 Michelin: Products Offered
Table 203 Michelin: Product Developments
Table 204 Michelin: Deals
Table 205 Michelin: Others
13.1.2 Bridgestone Corporation
Table 206 Bridgestone Corporation: Company Overview
Figure 38 Bridgestone Corporation: Company Snapshot
Figure 39 Global Presence of Bridgestone Corporation
Table 207 Bridgestone Corporation: Products Offered
Table 208 Bridgestone Corporation: Product Developments
Table 209 Bridgestone Corporation: Others
13.1.3 The Goodyear Tire & Rubber Company
Table 210 The Goodyear Tire & Rubber Company: Company Overview
Figure 40 The Goodyear Tire & Rubber Company: Company Snapshot
Table 211 The Goodyear Tire & Rubber Company: Products Offered
Table 212 The Goodyear Tire & Rubber Company: Product Developments
Table 213 The Goodyear Tire & Rubber Company: Others
13.1.4 Continental AG
Table 214 Continental AG: Company Overview
Figure 41 Continental AG: Company Snapshot
Figure 42 Global Presence of Continental AG
Table 215 Continental AG: Products Offered
Table 216 Continental AG: Product Developments
13.1.5 Pirelli & C. S.P.A.
Table 217 Pirelli & C. S.P.A.: Company Overview
Figure 43 Pirelli & C. S.P.A.: Company Snapshot
Table 218 Pirelli & C. S.P.A.: Products Offered
Table 219 Pirelli & C. S.P.A.: Product Developments
Table 220 Pirelli & C. S.P.A.: Deals
Table 221 Pirelli & C. S.P.A.: Others
13.1.6 Sumitomo Rubber Industries, Ltd.
Table 222 Sumitomo Rubber Industries, Ltd.: Company Overview
Figure 44 Sumitomo Rubber Industries, Ltd.: Company Snapshot
Table 223 Sumitomo Rubber Industries, Ltd.: Products Offered
Table 224 Sumitomo Rubber Industries, Ltd.: Product Developments
Table 225 Sumitomo Rubber Industries, Ltd.: Others
13.1.7 Hankook Tire & Technology Co. Ltd.
Table 226 Hankook Tire & Technology Co. Ltd.: Company Overview
Figure 45 Hankook Tire & Technology Co. Ltd.: Company Snapshot
Table 227 Hankook Tire & Technology Co. Ltd.: Products Offered
Table 228 Hankook Tire & Technology Co. Ltd.: Product Developments
Table 229 Hankook Tire & Technology Co. Ltd.: Deals
Table 230 Hankook Tire & Technology Co. Ltd.: Others
13.1.8 Nokian Tyres PLC
Table 231 Nokian Tyres PLC: Company Overview
Figure 46 Nokian Tyres PLC: Company Snapshot
Table 232 Nokian Tyres PLC: Products Offered
Table 233 Nokian Tyres PLC: Product Developments
Table 234 Nokian Tyres PLC: Others
13.1.9 Cheng Shin Rubber Ind. Co. Ltd.
Table 235 Cheng Shin Rubber Ind. Co. Ltd.: Company Overview
Figure 47 Cheng Shin Rubber Ind. Co. Ltd.: Company Snapshot
Table 236 Cheng Shin Rubber Ind. Co. Ltd.: Products Offered
Table 237 Cheng Shin Rubber Ind. Co. Ltd.: Product Developments
Table 238 Cheng Shin Rubber Ind. Co. Ltd.: Others
13.1.10 Zhongce Rubber Group Co. Ltd.
Table 239 Zhongce Rubber Group Co. Ltd.: Company Overview
Table 240 Zhongce Rubber Group Co. Ltd.: Products Offered
Table 241 Zhongce Rubber Group Co. Ltd.: Others
13.1.11 Kumho Tire Co. Inc.
Table 242 Kumho Tire Co. Inc.: Company Overview
Table 243 Kumho Tire Co. Inc.: Products Offered
Table 244 Kumho Tire Co. Inc.: Product Developments
Table 245 Kumho Tire Co. Inc.: Deals
Table 246 Kumho Tire Co. Inc.: Others
13.2 Other Players
13.2.1 Apollo Tyres Ltd.
13.2.2 Shandong Linglong Tire Co. Ltd.
13.2.3 Kenda Tires
13.2.4 Giti Tire
13.2.5 Cooper Tire & Rubber Company
13.2.6 The Yokohama Rubber Co. Ltd.
13.2.7 Nexen Tire
13.2.8 Mrf Limited
13.2.9 Petlas
13.2.10 Balkrishna Industries Ltd.
13.2.11 Toyo Tire Corporation
13.2.12 Ceat Limited
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

14 Recommendations’ by the Analyst
14.1 Asia-Pacific to be Key Market for Green Tire Manufacturers
14.2 Companies Must Emphasize High-Performance Green Tires
14.3 Conclusion
15 Appendix
15.1 Key Insights from Industry Experts
15.2 Discussion Guide

Companies Mentioned

  • Apollo Tyres Ltd. 
  • Balkrishna Industries Ltd. 
  • Bridgestone Corporation 
  • Ceat Limited 
  • Cheng Shin Rubber Ind. Co. Ltd. 
  • Continental AG 
  • Cooper Tire & Rubber Company 
  • Giti Tire 
  • Hankook Tire & Technology Co. Ltd. 
  • Kenda Tires 
  • Kumho Tire Co. Inc. 
  • Michelin 
  • Mrf Limited 
  • Nexen Tire 
  • Nokian Tyres PLC 
  • Petlas 
  • Pirelli & C. S.P.A. 
  • Shandong Linglong Tire Co. Ltd. 
  • Sumitomo Rubber Industries, Ltd. 
  • The Goodyear Tire & Rubber Company 
  • The Yokohama Rubber Co. Ltd. 
  • Toyo Tire Corporation 
  • Zhongce Rubber Group Co. Ltd. 

Methodology

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Table Information

Report AttributeDetails
No. of Pages212
PublishedSeptember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 11.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 15.8 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal
No. of Companies Mentioned23

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