Product Code: h1467
“Green Tires Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Green Tires Market.
This report focuses on Green Tires Market which is experiencing strong growth. The report gives a guide to the Green Tires Market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the green tires market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Green Tires Market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Green Tires Market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The Green Tires Market section of the report gives context. It compares the Green Tires Market with other segments of the Green Tires Market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, green tires market indicators comparison.
Scope
Markets Covered:
- 1) By Vehicle Type: Passenger Cars; Light Commercial Vehicles (LCV); Heavy Commercial Vehicles (HCV)
- 2) By Application: On-Road; Off-Road
- 3) By Size: <10 Inch; 10-20 Inch; 20-30 Inch;
- 4) By Sales Channel: Aftermarket; OEM
- Companies Mentioned: Michelin; Bridgestone; Goodyear Tire and Rubber; Continental; Hankook
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the green tyre market are: Michelin, Bridgestone, Goodyear Tire and Rubber, Continental, Hankook, Pirelli, Apollo Tyres Ltd., Cheng Shin Rubber Ind. Co. Ltd., Kumho Tire, Nokian Tyres plc, ZC Rubber, Sailun Tires, Shandong Linglong Tire Co. Ltd., The Yokohama Rubber Co. Ltd., and Kenda Tires.
The global green tyre market is expected to grow from $81.07 billion in 2021 to $89.58 billion in 2022 at a compound annual growth rate (CAGR) of 10.50%. The market is expected to grow to $134.84 billion in 2026 at a CAGR of 10.76%.
The green tyre market consists of sales of green tyre products by entities (organizations, sole proprietors, and partnerships) that manufacture tyres from natural, recycled, or sustainable raw materials. Green tyres are made of materials such as silica and have low rolling resistance. Energy efficiency and safety of the tyres are increased due to the addition of silica to tires. When compared to other tyres such as semi-aromatic, styrene-butadiene rubbers or polycyclic hydrocarbons, green tyres improve fuel efficiency and lower greenhouse gas emissions.
The vehicle types that use green tyres are passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The passenger car segment includes green tyres manufactured for passenger vehicles. Green tyres are used in on-road and off-road applications. Green tyres are available in different sizes, such as 10 inch, 10-20 inch, and 20-30 inch. Green tyres are sold through aftermarket and OEM sales channels.
Europe was the largest region in the green tyre market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increase in environmental awareness among consumers is driving the green tyre market. To create more awareness among people, many countries, such as the USA, China, South Korea, and Japan, have implemented tyre standards, ratings, labeling, and correct pressure programs. Due to the rising benefits of using green tires, such as eco-friendliness, high durability, fuel efficiency, and carbon emission reductions, consumers are opting for green tyres compared to conventional tires. In 2020, the European Commission published the final European Tyre Labelling Regulation, which provides consumers with awareness by providing information such as fuel efficiency, safety, rolling resistance, wet grip, and external rolling noise to the consumers. Therefore, the rise in environmental awareness related to the use of eco-friendly tyres will propel the growth of the green tyre market.
Biobased rubber for green tyre manufacturing is a growing trend in the green tyre market. Companies are coming up with new technologies that utilise natural, renewable sources such as corn, grasses, and trees to obtain isoprene, the main ingredient in synthetic rubber. For example, in 2020, Birla Carbon and GranBio Technologies launched a bio-based tyre compound. By incorporating this compound, which is sustainable, bio-derived nanocellulose, into commercial rubber compounds, it can improve tyre rolling resistance and vehicle fuel economy.
In February 2021, Goodyear Tire & Rubber Company, a leading multinational tyre manufacturing company headquartered in the USA, acquired Cooper Tire & Rubber Company for around $2.5 billion. This acquisition will help Goodyear Tire & Rubber Company expand its portfolio and provide additional revenue growth opportunities. Cooper Tire & Rubber Company is an American company that manufactures replacement automobile and truck tires, specializing in light truck and SUV segments.
The countries covered in the Green Tires market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Green Tires Market Characteristics
3. Green Tires Market Trends And Strategies
4. Impact Of COVID-19 On Green Tires
5. Green Tires Market Size And Growth
- 5.1. Global Green Tires Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Green Tires Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Green Tires Market Segmentation
- 6.1. Global Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
- 6.2. Global Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- On-Road
- Off-Road
- 6.3. Global Green Tires Market, Segmentation By Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- <10 Inch
- 10-20 Inch
- 20-30 Inch
- 6.4. Global Green Tires Market, Segmentation By Sales Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Aftermarket
- OEM
7. Green Tires Market Regional And Country Analysis
- 7.1. Global Green Tires Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Green Tires Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Green Tires Market
- 8.1. Asia-Pacific Green Tires Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Green Tires Market
- 9.1. China Green Tires Market Overview
- 9.2. China Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Green Tires Market
- 10.1. India Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Green Tires Market
- 11.1. Japan Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Green Tires Market
- 12.1. Australia Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Green Tires Market
- 13.1. Indonesia Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Green Tires Market
- 14.1. South Korea Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Green Tires Market
- 15.1. Western Europe Green Tires Market Overview
- 15.2. Western Europe Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Green Tires Market
- 16.1. UK Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Green Tires Market
- 17.1. Germany Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Green Tires Market
- 18.1. France Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.2. France Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Green Tires Market
- 19.1. Eastern Europe Green Tires Market Overview
- 19.2. Eastern Europe Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Green Tires Market
- 20.1. Russia Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Green Tires Market
- 21.1. North America Green Tires Market Overview
- 21.2. North America Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Green Tires Market
- 22.1. USA Green Tires Market Overview
- 22.2. USA Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Green Tires Market
- 23.1. South America Green Tires Market Overview
- 23.2. South America Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Green Tires Market
- 24.1. Brazil Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Green Tires Market
- 25.1. Middle East Green Tires Market Overview
- 25.2. Middle East Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Green Tires Market
- 26.1. Africa Green Tires Market Overview
- 26.2. Africa Green Tires Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Green Tires Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Green Tires Market Competitive Landscape And Company Profiles
- 27.1. Green Tires Market Competitive Landscape
- 27.2. Green Tires Market Company Profiles
- 27.2.1. Michelin
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Bridgestone
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Goodyear Tire and Rubber
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Continental
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Hankook
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Green Tires Market
29. Green Tires Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer