Green Tire Market to be driven by the rising demand for personal mobility devices in the Forecast

0
266

Green Tire Market—featuring low rolling resistance (LRR) tyres and sustainable-material innovations—is poised to soar from approximately 140.1 million units in 2024 to 332.4 million units by 2032, achieving a CAGR of 10.4% during 2024–2032 according to industry forecasts  In revenue terms, the market is projected to grow from about USD 88.2 billion in 2024 to USD 152.7 billion by 2029 (~11.6% CAGR)

Request Free Sample Report:https://www.stellarmr.com/report/req_sample/Green-Tire-Market/402 

Market Estimation, Growth Drivers & Opportunities

Green tyres reduce fuel consumption and CO₂ emissions via advanced compound formulations and optimized tread design. Key growth drivers include:

  • Environmental regulations and labelling mandates such as EU tyre-labeling requirements increasing demand for LRR tyres. These encourage OEM and aftermarket adoption 

  • EV proliferation: Low rolling resistance is critical to maximizing EV range, fuelling demand for green tyres tailored to electric vehicles .

  • Consumer eco-awareness: Buyers now prioritize fuel-efficient, sustainable products, driving market growth across passenger and commercial segments 

  • Circular economy efforts: Adoption of recycled rubber, biomaterials like soybean oil, silica from rice husks, and natural rubber from sustainable sources is gaining traction 

Opportunities include off-road (construction/mining) green tyres, airless / puncture-resistant designs for fleet use, and material innovation with bio-based rubber sources.

U.S. Market: Recent Trends & Investment

North America is expected to be a fast-growing regional market throughout the forecast. Recent developments:

  • Goodyear’s smart tyre innovation: The "SightLine" tyre, which can detect rain and ice to trigger automatic emergency braking, showcases integration of sustainability with safety tech 

  • Government-supported plant modernization: Goodyear is investing over C$575 million in its Ontario plant to expand electric vehicle and sustainable tyre lines, targeting carbon neutrality by 2040

These moves emphasize North America’s dual focus on green tyre production and advanced mobility integration.

Market Segmentation: Leading Segment

  • By Vehicle Type:

    • Passenger vehicles held the majority share (~62–63% in 2024) due to high aftermarket and OEM demand 

    • Light Commercial Vehicles (LCVs) are the fastest-growing segment (CAGR ~12.6%), driven by fleet efficiency priorities 

  • By Application:

    • The on-road segment dominates, offering the widest benefits in fuel savings and ride comfort .

    • Off-road applications (mining, agriculture) are growing rapidly, with innovative sustainable compound development underway.

Competitive Analysis: Top 5 Companies

Leading manufacturers driving innovation and scale include:

Bridgestone Corporation – Pioneer in sustainable tire technology; developing renewable rubber from guayule and airless tire prototypes. Investing heavily in eco-innovation research 

Michelin – Launched “Green X” / “Energy Saver” tyres in the 1990s and continues leadership in bio-based compounds and airless designs like Tweel and Uptis in partnership with automakers 

Continental AG – Develops low rolling resistance tyres enhanced with nanocarbon and nanosilica materials tailored for EVs .

Goodyear Tire & Rubber Company – Developing green tyres with up to 90% sustainable content and advanced smart tyre platforms that detect hazardous road conditions 

Pirelli & Nokian Tyres plc – Focused on premium segment green tyres with ethically certified rubber sourcing, and partnerships for sustainable material integration 

Other noteworthy players include Apollo Tyres, MRF, JK Tire, and Davanti—expanding regional footprints and sustainable compound R&D.

Regional Analysis: USA, UK, Germany, France, Japan, China

  • United States: Strong investment in EV-compatible green tyre technology and smart tyre innovation via manufacturers like Goodyear. Government incentives support adoption 

  • Europe (Germany, UK, France): Dominated by manufacturers like Michelin, Continental, Pirelli. EU tyre labelling regulations and fleet emission mandates accelerate green tyre adoption 

  • Japan: Bridgestone and Michelin rolling out sustainable tyres; public interest in EV efficiency and product longevity fosters steady uptake.

  • China (Asia-Pacific): Largest regional market (~40% share in 2024) due to high vehicle sales, manufacturing capability, and governmental push for fuel-efficient and recycled-material tyres  India, Southeast Asia showing rapid OEM and replacement market growth.

Conclusion

The Green Tire Market is positioned for dynamic growth—from 140 million units in 2024 to over 332 million by 2032, with revenue expected to surpass USD 150 billion by 2029–2032. Key growth is anchored in EV expansion, global environmental mandates, and consumer preference for sustainable mobility.

Major opportunities include:

  • Turbocharging sustainable material R&D (bio-rubber, recycled carbon black, plant oils)

  • Scaling green tyre applications across EVs and LCV fleets

  • Expanding advanced offerings like airless smart tyres and sensor-equipped low-resistance models

  • Enhancing recycling and circular economy integration across tyre life cycles

  • Leveraging regulatory incentives and fleet procurement programs to accelerate uptake


About us

Phase 3,Navale IT Zone, S.No. 51/2A/2,

Office No. 202, 2nd floor,

Near, Navale Brg,Narhe,

Pune, Maharashtra 411041

+91 9607365656

sales@stellarmr.com

Search
Sponsored
Title of the document
Sponsored
ABU STUDENT PACKAGE
Categories
Read More
Other
Phytochemical Market Report: In-Depth Analysis of Market Segmentation and Regional Trends
Phytochemicals, a class of compounds found in plants, have long fascinated scientists and health...
By Siyara Shah 2024-07-08 20:21:09 0 2K
Networking
Megapari Launches iOS App for Increased Betting on iPhone
Furthermore, customer service is commonly مگاپاری برای ایفون through the Megapari iPhone app....
By Fattani Seo 2024-10-12 10:16:06 0 1K
Shopping
grown up with it are Prada celebrating milestones of their own
they bring so much uniqueness and personality to a look and it just fun. Off white or suede...
By Helen Mccarty 2024-11-22 05:59:26 0 1K
Film
(^^EXCLUSIVE^^XNXX^^One Girl One Anaconda Viral Video Original Leaked Full HD On Social Media X Trending Instagram lgn
🌐 CLICK HERE 🟢==►► WATCH NOW 🔴 CLICK HERE 🌐==►► Download Now...
By Guifet Guifet 2025-02-09 15:42:47 0 687
Film
Zara Dar Leaked Video SHANNON LOFLAND SHERIFF DEPUTY uzg
CLICK THIS L!NKK 🔴📱👉...
By Guifet Guifet 2025-01-01 00:16:49 0 715