Green Tires Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle), Application (On-Road, and Off-Road), and Region (North America, Asia-Pacific, Europe, South America, and Middle East & Africa) - Global Forecast to 2022
[106 Pages Report] green or low rolling resistance tires market was valued at USD 56.74 Billion in 2016 and is projected to reach USD 104.23 Billion by 2022, at a CAGR of 10.7% during the forecast period. This growth can be attributed to the increasing global initiatives for a green and clean environment. In addition, the rise in tire labeling standards and greater stress on improving vehicle efficiency is a major factor driving the green tires market.
The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
Objective Of The Report:
The report aims at estimating the market size and future growth potential of the green tires market. The market has been segmented on the basis of vehicle type, application, and region. The report provides detailed information regarding major factors influencing the growth of the green tires market. It also analyzes opportunities in the market for stakeholders and details of a competitive landscape for market leaders. Additionally, the report profiles key players and comprehensively analyzes their core competencies.
Top-down and bottom-up approaches were used to estimate and forecast the size of the green tires market and estimate the size of various other dependent submarkets. This research study involved the use of extensive secondary sources, directories, and databases, such as Bloomberg BusinessWeek and Factiva, to collect information useful for this technical, market-oriented, and commercial study of the green tires market. In-depth interviews with various primary respondents were conducted to verify critical qualitative and quantitative information as well as to assess growth prospects.
To know about the assumptions considered for the study, download the pdf brochure
The value chain of the green tires market includes manufacturers such as Michelin (France), Bridgestone (Japan), Goodyear Tire and Rubber (US), Continental (Germany), Hankook (South Korea), Pirelli (Italy), Cheng Shin Rubber (China), Kumho Tires (South Korea), ZC Rubber (China), Nokian Tires (Finland).
Key Target Audience:
- Manufacturers of Green Tires
- Traders, Distributors, and Suppliers of Green Tires
- Regional Manufacturers Associations and General Green tires Associations
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
The study answers several questions for stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.
Scope of the Report:
This research report categorizes the green tires market based on vehicle type, application, and region.
Green Tires Market, Based on Vehicle Type:
- Passenger Cars
- LCVs
- Others
Green Tires Market, Based on Application:
- On-Road
- Off-Road
Green Tires Market, Based on Region:
- North America
- Asia Pacific
- Europe
- South America
- Middle East & Africa
The market has been further analyzed on the basis of key countries in each of these regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:
Regional Analysis:
- Country-level analysis of the green tires market
Company Information:
- Detailed analysis and profiling of additional market players
The green or low rolling resistance tires market is estimated to be USD 56.74 Billion in 2016 and is projected to reach USD 104.23 Billion by 2022, at a CAGR of 10.7% from 2017 to 2022. The growth of this market can be attributed to the rising use of green tires in emerging economies. In addition, increased tire labeling regulations in Europe and disposable income in emerging economies is also anticipated to fuel the growth of the green tires market.
Green tires are used for different applications such as on-road application and off-road application. On-road application segment is the largest type application segment of the green tires market. Though green tires in the road industry have gained widespread acceptance, the usage of green tires is still low in emerging economies. Green tired are majorly used in the on-road application, as the manufacturing capacity can be scaled up easily for passenger car tires.
Based on vehicle type, the passenger cars segment accounted for the largest share of the green tires market in 2016. This growth can be attributed to the increased use of green tires in passenger cars and stringent tire regulations. Other factors driving the passenger cars segment include increased demand for green tires for the electric and hybrid vehicles.
APAC, North America, Europe, South America, and the Middle East & Africa are the key regions considered for market analysis in the report. Europe was the largest market for green tires in 2016, in terms of volume. Europe is expected to become the largest market by 2022, as tire labeling regulations and growing awareness about green tires are expected to drive the green tires market in Europe during the forecast period. The green tires market in the APAC region is projected to grow at the highest CAGR between 2017 and 2022, in terms of value and volume. The increasing demand for green tires in the Asia Pacific region is anticipated to drive the global market. Increasing number of passenger cars, as well as a rise in the disposable income of consumers, are expected to drive the market during the forecast period.
Lack of awareness regarding the benefits of green tires and the role it plays in reducing fuel consumption is acting as a key challenge for the green tires market. Green tires are being used in passenger vehicles such as hybrid and electric vehicles, which are touted as green vehicles.
Key players in the green tires market include Michelin (France), Bridgestone (Japan), Goodyear Tire and Rubber (US), Continental (Germany), Hankook (South Korea), Pirelli (Italy), Cheng Shin Rubber (China), Kumho Tires (South Korea), ZC Rubber (China), Nokian Tires (Finland). These companies are expected to venture into new markets to widen their customer base and strengthen their market presence. Other manufacturers of green tires include 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), BKT (India).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Green Tires Market Overview, 2017 vs. 2022
4.2 Market, By Vehicle Type
4.3 Market, By Region
4.4 Market Share, By Application and Country
4.5 Market Attractiveness
5 Market Overview (Page No. - 30)
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Government Initiatives for Green and Clean Environment
5.1.1.2 Increase In Fuel Efficiency
5.1.2 Restraints
5.1.2.1 Lack of Awareness In Emerging Economies
5.1.3 Opportunities
5.1.3.1 Green Replacement Tires
5.2 Porters Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Buyers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Industry Indicators
6 Green Tires Market, By Vehicle Type (Page No. - 35)
6.1 Introduction
6.2 Passenger Cars
6.3 Light Commercial Vehicles (LCVS)
6.4 Others
6.4.1 Heavy Trucks
6.4.2 Buses & Coaches
6.4.3 Two Wheelers
7 Green Tires Market, By Application (Page No. - 40)
7.1 Introduction
7.2 On-Road
7.3 Off-Road (OTR)
8 Green Tires Market, By Region (Page No. - 43)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Mexico
8.2.3 Canada
8.3 Europe
8.3.1 Germany
8.3.2 Spain
8.3.3 UK
8.3.4 France
8.3.5 Italy
8.3.6 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 South Korea
8.4.3 Japan
8.4.4 India
8.4.5 Rest of APAC
8.5 Middle East & Africa
8.5.1 Iran
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
9 Competitive Landscape (Page No. - 72)
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Situations & Trends
9.4 Expansions
9.5 Joint Ventures, Partnerships, and Acquisitions
9.6 New Product Launches
10 Company Profiles (Page No. - 77)
10.1 Michelin
10.2 Bridgestone
10.3 Goodyear
10.4 Continental
10.5 Hankook
10.6 Pirelli
10.7 Cheng Shin Rubber
10.8 Kumho
10.9 ZC Rubber
10.10 Nokian
10.11 Other Companies
10.11.1 Apollo Tyres
10.11.2 Sailun Tires
10.11.3 Shandong Linglong Tire Co., Ltd
10.11.4 Kenda Tires
10.11.5 Giti Rubber
10.11.6 Cooper
10.11.7 Yokohama
10.11.8 Nexen
10.11.9 MRF
10.11.10 Petlas
10.11.11 BKT
10.11.12 Toyo Tires
11 Appendix (Page No. - 100)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Related Reports
11.5 Author Details
List of Tables (69 Tables)
Table 1 Green Tires Market Size, By Vehicle Type, 20152022 (USD Million)
Table 2 Market By Size, By Vehicle Type, 20152022 (Thousand Units)
Table 3 Market By Size, By Application, 20152022 (USD Million)
Table 4 Market By Size, By Application, 20152022 (Thousand Units)
Table 5 Global Green Tires Market Size, By Country, 20152022 (USD Million)
Table 6 Global Market By Size, By Country, 20152022 (Thousand Units)
Table 7 North America: By Market Size, By Country, 20152022 (USD Million)
Table 8 North America: By Market Size, By Country, 20152022 (Thousand Units)
Table 9 North America: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 10 North America: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 11 US: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 12 US: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 13 Mexico: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 14 Mexico: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 15 Canada: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 16 Canada: By Market Size, By Vehicle Type, 20152022 ( Thousand Units)
Table 17 Europe: By Market Size, By Country, 20152022 (USD Million)
Table 18 Europe: By Market Size, By Country, 20152022 (Thousand Units)
Table 19 Europe: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 20 Europe: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 21 Germany: Green Tires Market Size, By Vehicle Type, 20152022 (USD Million)
Table 22 Germany: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 23 Spain: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 24 Spain: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 25 UK: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 26 UK: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 27 France: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 28 France: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 29 Italy: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 30 Italy: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 31 Rest of Europe: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 32 Rest of Europe: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 33 APAC: By Market Size, By Country, 20152022 (USD Million)
Table 34 APAC: By Market Size, By Country, 20152022 (Thousand Units)
Table 35 APAC: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 36 APAC: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 37 China: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 38 China: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 39 South Korea: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 40 South Korea: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 41 Japan: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 42 Japan: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 43 India: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 44 India: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 45 Rest of APAC: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 46 Rest of APAC : By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 47 Middle East & Africa: Green Tires Market Size, By Country, 20152022 (USD Million)
Table 48 Middle East & Africa: By Market Size, By Country, 20152022 (Thousand Units)
Table 49 Middle East & Africa: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 50 Middle East & Africa: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 51 Iran: By Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 52 Iran: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 53 South Africa: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 54 South Africa: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 55 Rest of Middle East & Africa: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 56 Rest of Middle East & Africa: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 57 South America: By Market Size, By Country, 20152022 (USD Million)
Table 58 South America: By Market Size, By Country, 20152022 (Thousand Units)
Table 59 South America: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 60 South America: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 61 Brazil: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 62 Brazil: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 63 Argentina: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 64 Argentina: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 65 Rest of South America: By Market Size, By Vehicle Type, 20152022 (USD Million)
Table 66 Rest of South America: By Market Size, By Vehicle Type, 20152022 (Thousand Units)
Table 67 Expansions (20152017)
Table 68 Joint Ventures, Partnerships, and Acquisitions (20152017)
Table 69 New Product Launches (20152017)
List of Figures (30 Figures)
Figure 1 Green Tires Market Segmentation
Figure 2 Green Tires Market: Research Design
Figure 3 On-Road to Be the Largest Application of Green Tires
Figure 4 Passenger Cars to Be the Largest Vehicle Type for Green Tires
Figure 5 APAC to Be the Fastest-Growing Market
Figure 6 Europe Is the Largest Green Tires Market
Figure 7 Green Tires Market to Witness Strong Growth Between 2017 and 2022
Figure 8 Passengers Cars to Be the Largest Vehicle Type for Green Tires
Figure 9 Europe to Be the Largest Green Tires Market
Figure 10 Passenger Cars Was the Largest Vehicle Type for Green Tires
Figure 11 APAC to Be the Fastest-Growing Market
Figure 12 Factors Governing Green Tires Market
Figure 13 Green Tires Market: Porters Five Forces Analysis
Figure 14 Vehicle Sales Worldwide, 2013-2017
Figure 15 Passenger Cars to Be the Dominating Vehicle Type for Green Tires
Figure 16 Passenger Car Sales Statistics, 2013-2017
Figure 17 LCVS Sales Statistics (2013-2017)
Figure 18 On-Road to Be the Dominating Application of Green Tires
Figure 19 Regional Green Tires Market Snapshot: Developing Economies are Emerging as New Hotspots
Figure 20 Europe: Green Tires Market Snapshot
Figure 21 APAC: Green Tires Market Snapshot
Figure 22 Companies Adopted Expansions and Joint Ventures, Partnerships, and Acquisitions as the Key Strategies Between 2015 and 2017
Figure 23 Michelin: Company Snapshot
Figure 24 Bridgestone : Company Snapshot
Figure 25 Goodyear : Company Snapshot
Figure 26 Continental: Company Snapshot
Figure 27 Hankook: Company Snapshot
Figure 28 Pirelli: Company Snapshot
Figure 29 Kumho : Company Snapshot
Figure 30 Nokian : Company Snapshot
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