Green Tires Market is anticipated to reach US$ 181.75 Bn by 2030 from US$ 97.53 Bn in 2023 at a CAGR of 9.3 % during a forecast period.
Green Tires Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Green Tires Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Green Tires market, with forecasts outspreading to the year 2030.
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Green Tires Market Scope and Methodology:
Maximize market research covers competitive landscape, key competitors and their market shares for better understanding of the industry. The report also discusses new product developments and technology trends. The report provides a detailed overview of the Green Tires market through both quantitative and qualitative analysis. The report aims to help readers develop business strategies and assess their position in the market by providing a comprehensive analysis of the competitive landscape. The purpose of the report is to provide the necessary information to make an informed decision regarding the Green Tires market. In addition, the report delivers information on revenue, sales volume, and average price of the entire market and sub-segments in various segments and regions to assist portable notebook manufacturers, new entrants, and companies involved in the industry chain market.
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Green Tires Market Regional Insights:
In a regional analysis, the Green Tires market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are classified as corresponding countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
Green Tires Market Segmentation:
by Vehicle Type
Passenger Cars
Light Commercial Vehicle
Heavy Duty
By Vehicle Type: The passenger car segment held the largest share in the green tyres market in 2023 and is predicted to rise at a CAGR of 12.4% between 2024 and 2030. This is because manufacturers are focusing more on lowering fuel consumption, either to reduce CO2 emissions or to boost passenger vehicle mileage. For the duration of the forecast period, this is anticipated to support the market expansion for green tires for passenger cars. The market for passenger cars is seeing a surge in demand for green tires due to growing consumer awareness and the growing requirement for fuel-efficient vehicles.
by Application
On-Road
Off-Road
by Sales Channel
OEM
Aftermarket
In terms of Sales Channel, With a market share of up to 63% in 2023, the after market segment accounted for the largest portion of the green tire market. Fleet owners' preference for green tires over conventional ones has resulted in a notable increase in demand for green tires, which has lowered vehicle operating costs. The market is mostly driven by car owners' desire to improve their cars' speed, exhaust note, and aesthetics, among other aspects of performance.
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Green Tires Market Key Players:
1. PPG Industries Inc.
2. Pirelli Tyre SpA
3. Bridgestone
4. Green Arc Tire Manufacturing
5. Goodyear Tire & Rubber
6. Michelin
7. Continental
8. Maxxis
9. Hankook
10.Kumho
11.Pyrolyx AG
12.Lanxess
13.Vittoria
14.Apollo Vredestein
15.CST
16.Sailun
17.LINGLONG TIRE
18.Kenda Tires
19.CRAIN COMMUNICATIONS INC.
20.Cooper Tire & Rubber Company
21.Yokohama Tire Corporation
22.Nexen
23.MRF
24.Petlas
25.Balkrishna Industries Limited
26.TOYO TIRE U.S.A. CORP
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Key questions answered in the Green Tires Market are:
- What is Green Tires?
- What was the Green Tires market size in 2023?
- What is the growth rate of the Green Tires Market?
- What is the CAGR at which the Green Tires market will grow during the forecast period?
- What are the different segments of the Green Tires Market?
- Which is the fastest-growing region in the Green Tires market?
- Which are the factors expected to drive the Green Tires market growth?
- What growth strategies are the players considering to increase their presence in Green Tires?
- What are the upcoming opportunities and trends for the Green Tires Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Green Tires Market?
- What segments are covered in the Green Tires Market?
- Who are the key players in the Green Tires market?
- Who are the leading companies and what are their portfolios in Green Tires Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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