Green Tire Market Overviews

Green Tire Market size was volume at 136441.08 thousand units in 2023 and the total Green Tire Market volume is expected to grow at 10.4% through 2024 to 2030, reaching nearly 272727.34 thousand units.

Composed of low rolling resistance (LRR) tires and "green" (sustainable) materials, the green tire industry is a fast-growing part of the overall tire industry. The rapid growth of the industry is partly due to the growth of the tire market itself, but mainly due to the growing public interest in sustainability. The global market for green tires is estimated by SMRs to be 101,400 thousand units in 2020, which will account for approximately 38% of the global tire industry. SMR Report for green tire market by 2027 predicts that value and quantity will increase by nearly 10.4% annually by 2027, when the volume reaches nearly 202.680 thousand units.

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Green Tire Market Scope and Methodology:

The increase in road accidents has increased the demand for safety features such as parking assistance, collision avoidance systems, lane departure warning, traction control, electronic stability control, tire pressure monitoring, airbags and telematics. Vehicles with the ADAS system installed can detect and classify specific objects on the road, alert the driver depending on road conditions, and in some cases automatically slow down or stop the vehicle. Mortality from road accidents has increased significantly. The World Health Organization reports that about 1.25 million people die each year in road accidents. In addition, the number of fatal road accidents is higher among teens. These factors are driving demand for vehicle safety features. Automotive companies are developing and implementing safety features to meet their customers' needs. Therefore, the high demand for safety features will drive the growth of the Green Tire market.

Green Tire Market Regional Insights

In China, the common charge of an electric powered bicycle with lead-acid batteries is $167. According to Chinese Sustainability Survey, e-motorcycles in North America fee a mean of $815, even as the ones in Western Europe fee a mean of $1,546. China dominates the global green tire market, with estimates indicating that 83% of all e-motorcycles are offered on this Asian country. According to authorities estimates, there have been a hundred and eighty million e-motorcycles at the streets of China in 2013, that is considerably greater than everywhere else withinside the world.

Green TireMarket Segmentation

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Green Tire Market is aided by legal factors.

Green Tire Market Key Players

Kumho Tires (South Korea)
ZC Rubber (China)
Nokian Tires (Finland)
Apollo tires (India),
Sailun Tires (China)
Shandong Linlong Tire (China)
Kenda Tires (Taiwan)
Giti Rubber (Singapore)
Cooper (US)
Yokohama (Japan)
Nexen (South Korea)
MRF (India)
Petlas (Turkey)

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Key questions answered in the Green Tire Market are:

• What is Green Tire  ?
• What was the Green Tire  market size in 2023?
• What is the growth rate of the Green Tire  Market?
• Which are the factors expected to drive the Green Tire  market growth?
• What are the different segments of the Green Tire  Market?
• What growth strategies are the players considering to increase their presence in Green Tire  ?
• What are the upcoming industry applications and trends for the Green Tire  Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Green Tire  Market?
• Who are the leading companies and what are their portfolios in Green Tire  Market?
• What segments are covered in the Green Tire  Market?
• Who are the key players in the Green Tire  market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• 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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