Automotive Green Tires Market

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 - Global Forecast to 2028

Report Code: AT 6212 Sep, 2023, by marketsandmarkets.com

[219 Pages Report] 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%. The major area of development in electric vehicles is their driving range on a single charge. Green tires can increase vehicle range. Green tires are designed to have lower rolling resistance than conventional tires. The lower the rolling resistance, the less energy is required to roll the tire, which can lead to increased vehicle range. The demand for electric vehicles with increased range will drive the green tires market.

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Automotive Green Tires Market Dynamics:

Driver: Government initiatives for clean and green environment

There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of CO2 into the atmosphere. Governments across the globe have started several initiatives to reduce the fuel consumption and release of greenhouse gases. Stringent CO2 emission norms have increased the demand for green tires. The European Union (EU) has set ambitious targets to reduce greenhouse gas emissions. The current target is to reduce emissions by at least 55% by 2030, compared to 1990 levels. This target is part of the EU's commitment to climate neutrality by 2050. The United States has set a target to reduce greenhouse gas emissions by 50-52% below 2005 levels by 2030. This target is part of the US administration's commitment to achieve net-zero emissions by 2050. China has pledged to achieve carbon neutrality by 2060. Tires contribute to around 17- 20% fuel usage and 20-24% of CO2 emission in a single vehicle. Green tires are low rolling resistance tires which reduce the fuel consumption by around 2-4%, thus, reducing the CO2 emission. Hence, with the reduced carbon emission targets, the green tires market will grow.

Restraint: Lack of awareness in emerging economies

The consumers are well-aware about the benefits of using CNG and hybrid vehicles; however, there is a lack of awareness regarding the benefits of green tires and the role it plays in reducing fuel consumption. In the emerging economies such as India and Indonesia, the general consumer is less focused on the benefits offered by green tires. There are a number of reasons why people are not aware of green tires. One reason is that they are not as widely available as traditional tires. Another reason is that they are often more expensive than traditional tires. Additionally, many people are not familiar with the benefits of green tires. There are a number of things that can be done to raise awareness about green tires. One thing is to make them more widely available. Another thing is to educate people about the benefits of green tires. This can be done through advertising, public relations, and educational materials.

Opportunity:Green replacement tires

Though the demand for green tires is increasing among various automotive manufacturers, i.e., at Original Equipment (OE) level, the replacement tires market is expected to provide a lot of opportunity for manufacturers in the future. The demand for replacement tires is expected to rise during the forecast period due to the higher vehicle utilization at the backdrop of an increase in cab sharing facility across the globe. As people's disposable incomes rise, they are more likely to replace their tires before they wear out. New tire technologies are being developed that offer improved fuel efficiency, performance, and safety. The logistics industry is a major consumer of fuel. As the industry grows, there is an increased demand for fuel-efficient vehicles. Green tires can help to improve the fuel efficiency of vehicles, which can reduce the environmental impact of the logistics industry. Governments are increasingly regulating the environmental impact of the logistics industry. This is leading to a demand for more fuel-efficient vehicles and green tires. This is also driving the demand for green replacement tires.

Challenge: Increasing number of mandatory tests to be performed before commercial use of Tires

Regulatory organizations such as the U.S. Department of Transportation (DOT), National Highway Traffic Safety Administration (NHTSA), European Tyre and Rim Technical Organization (ETRTO), Japanese Automobile Tire Manufacturers Association (JATMA), and others make it mandatory for tire manufacturers to conduct certain tests on tires before commercializing. These tests include durability, endurance, traction, rolling resistance, and load carrying. Tire manufacturers have to bear the cost of mandatory tests, which are expensive. In case a tire fails to fulfil the requirement of any of these mandatory tests, the manufacturer cannot sell that tire in the market and suffers complete loss on R&D for that tire. These tests help to ensure that tires are safe and meet certain performance standards, which can help to prevent accidents and improve air quality. In addition to mandatory tests, tire manufacturers also conduct voluntary tests to improve the performance and safety of their tires. Tests include braking test, handling test, wet traction, durability, fuel efficiency and others. These tests indirectly increase the total cost of tires, which negatively affects its demand in the OE as well as aftermarket.

Automotive Green Tires Market Ecosystem

The ecosystem analysis highlights various players in the automotive green tires ecosystem, which is primarily represented by OEMs, Tire manufacturers, Suppliers. Prominent companies in this market as Michelin (France), Bridgestone Corporation (China), Goodyear (US), Continental (Germany) and Pirelli (Italy), etc.

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19-21” segment is expected to witness significant growth rate in the global automotive green tires market during the forecast period

Tires with a rim size of 19–21” are estimated to have significant demand in premium cars and high performance sports cars. These vehicles are designed for performance and handling, and larger tires can provide better grip and performance. Michelin offers Pilot Sport Cup 2 tires for new Audi R8 with rim size of 21 inch. Drivers can choose tires with different widths, sidewall profiles, and tread patterns. The tires offered by OEM are also limited in terms of availability, especially for older vehicles, whereas the aftermarket tires, on the other hand, are often made for a variety of vehicle models and years. This makes it easier for drivers to find the tires they need for their older vehicles. Hence, tire size availability in the aftermarket and customization will drive the market for 19–21” rim-size tires during the forecast period.

On-Road segment is expected to be the largest in automotive green tires market during the forecast period

The on-road vehicles include passenger cars, LCVs, and trucks, which run on roads for the transportation of passengers and goods from one place to other. The demand for on-road vehicles such as passenger cars and LCVs is on the rise and expected to boost the green tires market in the on-road application segment. In May 2023, Cheng Shin Rubber launched tire for two-wheel applications built using the company’s Eco-Re sustainable development technology. The tire’s rolling resistance has also been reduced by more than 10% and discarded rice husks were used as a renewable raw material in production. In September 2022, ZC Rubber announced to expand truck tire plant in Westlake, USA. The new plant will also recycle tires. The trucks generally run on highways as these are used for delivery of goods across different states and cities. The trucks can be long, medium, and short haul depending on the distance the trucks have to cover for delivery. In March 2023, Amazon announced that it would be using sustainable tires for its delivery fleet. The tires are made from recycled materials and are designed to reduce emissions. Amazon says that the new tires will help it to reduce its carbon footprint by 100,000 metric tons per year. The rise in frequency of deliveries will boost the demand for green tires, as it will have an economic benefit during the long run.

Light Commercial Vehicle segment is expected to have significant growth opportunities in automotive green tires market during the forecast period

Light commercial vehicles (LCVs) include automobiles having four wheels and a seating capacity of more than eight persons. LCVs include mini buses, and small trucks and are used for transportation of goods as well as passengers. LCVs can carry a weight of 3.5 to 7 tons, which depends on the regional transport regulations.  Green tires can help to reduce the operating costs of commercial vehicles by improving fuel efficiency and reducing emissions. This can lead to significant savings for fleet owners. Green tires can also improve the safety of commercial vehicles by providing better traction and handling in wet and icy conditions. This can help to prevent accidents and reduce injuries. In 2020, Pirelli announced to supply sustainable tires to Rivian R1T and Ford F-150 Lightning. Sustainable 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 deliveries. In addition to these benefits, sustainable tires can also help to improve the environmental sustainability of delivery operations. By reducing fuel consumption and emissions, sustainable tires can help to reduce the environmental impact of delivery vehicles.

“The Asia pacific automotive green tires market is projected to hold the significant market share by 2028.”

China, Japan, South Korea, and India are the key green tires markets in this region. China is the largest market for green tires in the region. The growing population, government initiatives, and rapid industrialization in the developing countries have led to the increased demand for green tires in the APAC region. The increase in vehicle production and increased demand for low rolling resistance tires in vehicles are the key factors driving the growth of the green tire market in the Asia Pacific region.

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 sustainable solution-polymerized styrene-butadiene rubber (S-SBR) for eco friendly tires.

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Key Market Players

The Green Tires market is dominated by a few globally established players such as Michelin (France), Bridgestone Corporation (China), Goodyear (US), Continental (Germany) and Pirelli (Italy). The green tires market is highly competitive with growing capacity expansion by the regional players. These companies adopted strategies such as new product launches, deals and others to gain traction in the Green Tires market.

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Scope of the Report

Report Metric

Details

Market size available for years

2023–2028

Base year considered

2022

Forecast period

2023-2028

Forecast units

Volume (Thousand Units) & Value (USD Million/Billion)

Segments covered

sales channel, application, rim size, vehicle type, propulsion type and Region

Geographies covered

Asia Pacific, North America, Europe, South America and Middle East & Africa

Companies Covered

Michelin (France), Bridgestone Corporation (China), Goodyear (US), Continental (Germany) and Pirelli (Italy)
More than 20 major players are covered under the report.

This research report categorizes the automotive green tires market based on  sales channel, application, rim size, vehicle type, propulsion type and Region.

Automotive Green Tires Market, By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Buses
  • Two-wheelers
Automotive Green Tires Market, By Rim Size
  • 13-15”
  • 16-18”
  • 19-21”
  • >21”
Automotive Green Tires Market, By Application Type
  • On-Road
  • Off-Road
Automotive Green Tires Market, By Propulsion Type
  • ICE
  • EV
Automotive Green Tires Market, By Sales Channel Type
  • OEM
  • Aftermarket
Automotive Green Tires Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In June 2023, Michelin announced to invest USD 27.8 million to expand car tire production capacity at its Shenyang, China factory by 1.3 million tires..
  • In February 2023, Bridgestone announced to invest USD 72.4 million by 2025 expand production capacity and upgrade technology at its Pune-based plant. It will improve the plant capability in terms of technologies and capacities for the manufacture of tires for the passenger car segment.
  • In June 2022, Michelin and Hyundai Motor Company announced collaborate on R&D for innovative tire technologies by 2025.  The companies will develop eco-friendly tires with increased use of eco-friendly materials.
  • In May 2022, Goodyear announced to invest USD 77 million for its new manufacturing facility in Dudelange, Luxembourg. It features a new process focused on small-batch production of large rim diameter ultra-high performance (UHP) and ultra-ultra-high performance (UUHP) tires, which enables the company to produce tires four times faster than a standard production cycle.
  • In May 2022, Pirelli announced to invest USD 15 million to create an advanced technology and digitalization hub for tire production at its factory in Silao, Mexico.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    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 (Page No. - 37)
    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 (Page No. - 47)
    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 (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN TIRES MARKET 
           FIGURE 12 INCREASED PREFERNCE 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 (Page No. - 53)
    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 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 (Page No. - 80)
    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 (Page No. - 87)
    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 (Page No. - 98)
    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 (Page No. - 104)
    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 (Page No. - 114)
     10.1 INTRODUCTION 
     10.2 OEM 
     10.3 AFTERMARKET 
     10.4 KEY INDUSTRY INSIGHTS 
 
11 GREEN TIRES MARKET, BY REGION (Page No. - 116)
     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 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 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 (Page No. - 160)
     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 (Page No. - 173)
(Business Overview, Products Offered, Recent Developments, MnM 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, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
14 RECOMMENDATIONS’ BY MARKETSANDMARKETS (Page No. - 210)
     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 (Page No. - 212)
     15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 

The study involved four major activities to estimate the current size of the automotive green tires market. Exhaustive secondary research was done to collect information on the market, the peer market, and model mapping. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used for determining the market size of segments and subsegments.

Secondary Research

The secondary sources referred for this research study include associations such as the Tire Industry Association, Tire and Rim Association, Inc., Rubber Manufacturers Association, Organization Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements), trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated through primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the automotive tire market through secondary research. Several primary interviews have been conducted with market experts from both the demand- (Automotive OEMs and Retreading Organizations) and supply-side (rubber suppliers, steel suppliers, oil companies, and others) players across four major regions—namely, North America, Europe, Asia-Pacific, South America & Middle East and Africa. Approximately 30% and 70% of primary interviews were conducted from the demand and supply sides, respectively. The primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, MnM has strived to cover various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in the report.

After interacting with industry experts, brief sessions with highly experienced independent consultants were conducted to reinforce the findings from primaries. This, along with the in-house subject matter experts’ opinions, led to the findings as described in the remainder of this report.

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Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the volume & value of the green tires market. Key players in the green tires market were identified through secondary research, and their global market shares were determined through primary and secondary research. The research methodology included the study of the annual and quarterly financial reports & regulatory filings of major market players, as well as interviews with industry experts for detailed market insights. All major penetration rates, percentage shares, splits, and breakdowns for the green tires market were determined using secondary sources, model mapping, and verified through primary sources. All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data. The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s future supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Automotive Green Tires Market Size: Bottom-Up Approach

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Data Triangulation

After arriving at the overall market size of the global market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedure were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

 

Market Definition

Automotive Green Tires: Green tires are defined as tires honed for low rolling resistance, using materials such as silica. Rolling resistance is the energy dissipated from the friction of the tire rolling on a given surface as well as the energy wasted by the contracting of the tire sidewalls as the tire moves across the road. The addition of silica to the tire formulation results in the tires being more energy-efficient as well as increasing the overall safety of the green tires.

Key Stakeholders

  • Associations, Forums, and Alliances related to Green Tires
  • Automobile Manufacturers
  • Automotive Component Manufacturers
  • Automotive Investors
  • Aftermarket & Tire Retreading Associations
  • Companies Operating in Autonomous Vehicle Ecosystem
  • Electric Pick-up Truck Manufacturers
  • Electric Medium and Heavy-duty Truck Manufacturers
  • Distributors and retailers
  • EV Component Manufacturers
  • EV Distributors and Retailers
  • Government Agencies and Policy Makers
  • Green tires manufacturers
  • Green tires traders, distributors, and suppliers
  • Government and research organizations
  • Original Equipment Manufacturer (OEM)
  • Organized and Unorganized Aftermarket Suppliers
  • Raw Material Suppliers of Tires/Tire Components (suppliers for tier I)
  • Transport Authorities
  • Technology Providers

Report Objectives

  • To segment and forecast the size of the green tires market in terms of volume and value.
  • To segment and forecast the size of the global market, by volume & value, based on propulsion type [ICE and EV]
  • To segment and forecast the size of the global market, by volume & value at based on vehicle type [ passenger cars, light commercial vehicles, heavy commercial vehicles, buses and two-wheelers]
  • To segment and forecast the size of the global market, by volume & value, based on rim size (13-15”, 16-18”, 19-21” and >21”)
  • To segment and forecast the size of the global market, by volume & value at global level, based on application (on-road and off-road)
  • To segment and forecast the size of the global market, by volume & value at global level, based on sales channel (OEM and Aftermarket)
  • To segment and forecast the market size, by volume & value, based on region [Asia Pacific, Europe, South America, North America and Middle East & Africa]

Available Customizations

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  • Automotive Green Tires market, by EV type, at regional level
  • Automotive Green Tires market, by Sales Channel, at regional level
  • Profiling of additional market players (Up to 5)
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Report Code
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Published ON
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