Automotive Green Tires Market

Automotive Green Tires Industry - Forthcoming Trends to Fuel the Global Growth

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%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

The Automotive Green Tires Industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Automotive Green Tires Market Industry are:

  • Focus on Sustainable Materials
  • Energy-Efficient Tire Designs
  • Low Rolling Resistance Technology
  • Advancements in Tire Manufacturing Processes
  • Integration of Smart Tire Technologies
  • Circular Economy Initiatives
  • Consumer Awareness and Demand for Green Products
  • Regulatory Mandates and Environmental Standards

These emerging trends in the global Automotive Green Tires Market underscore the industry's commitment to sustainability, innovation, and environmental responsibility. As automotive manufacturers and consumers prioritize green technologies and eco-friendly products, the demand for automotive green tires is expected to continue growing, driving further advancements in tire design, manufacturing, and recycling practices.

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  • Focus on Sustainable Materials: Automotive green tires are characterized by their use of sustainable and eco-friendly materials in their construction. There is a growing trend toward the use of renewable resources, such as natural rubber sourced from sustainable plantations, bio-based fillers, and eco-friendly additives. Manufacturers are increasingly incorporating sustainable materials into tire compounds to reduce the environmental impact of tire production and disposal.
     
  • Energy-Efficient Tire Designs: Energy-efficient tire designs are gaining traction in the automotive green tires market. These tires are engineered to minimize rolling resistance, which reduces fuel consumption and lowers vehicle emissions. Innovative tread patterns, optimized tire profiles, and advanced rubber compounds contribute to improved fuel efficiency and lower carbon dioxide (CO2) emissions, aligning with regulatory requirements and consumer preferences for environmentally friendly products.
     
  • Low Rolling Resistance Technology: Low rolling resistance technology is a key focus area in the development of automotive green tires. By reducing the energy lost as heat during tire deformation, low rolling resistance tires improve fuel efficiency and extend vehicle range in electric and hybrid vehicles. Tire manufacturers are investing in research and development efforts to enhance tire compounds, tread designs, and construction techniques to achieve lower rolling resistance without compromising performance and safety.
     
  • Advancements in Tire Manufacturing Processes: Advancements in tire manufacturing processes are enabling more sustainable and efficient production of automotive green tires. Innovative manufacturing technologies, such as computer-aided design (CAD), finite element analysis (FEA), and automated production systems, optimize material utilization, reduce waste generation, and minimize energy consumption during tire production. Lean manufacturing principles and eco-friendly production practices further enhance the environmental sustainability of tire manufacturing operations.
     
  • Integration of Smart Tire Technologies: Smart tire technologies, such as tire pressure monitoring systems (TPMS) and intelligent tire sensors, are being integrated into automotive green tires to enhance safety, performance, and environmental sustainability. These technologies provide real-time data on tire pressure, temperature, and wear, enabling proactive maintenance, optimal tire management, and improved fuel efficiency. Smart tires also support connected vehicle applications and facilitate the transition to autonomous driving systems.
     
  • Circular Economy Initiatives: Circular economy initiatives are driving the adoption of sustainable tire recycling and end-of-life tire management practices. Tire manufacturers and industry stakeholders are investing in tire recycling technologies, such as pyrolysis, devulcanization, and crumb rubber processing, to recover valuable materials from end-of-life tires and reintegrate them into new tire production processes. Circular economy principles promote resource efficiency, waste reduction, and environmental stewardship throughout the tire lifecycle.
     
  • Consumer Awareness and Demand for Green Products: Increasing consumer awareness of environmental issues and sustainability concerns is driving demand for green tires in the automotive market. Consumers are seeking products with lower environmental footprints and higher sustainability credentials, including tires that offer improved fuel efficiency, reduced emissions, and eco-friendly manufacturing processes. Tire manufacturers are responding to this demand by expanding their portfolios of green tire offerings and communicating the environmental benefits of their products to consumers.
     
  • Regulatory Mandates and Environmental Standards: Regulatory mandates and environmental standards play a significant role in shaping the automotive green tires market. Government regulations aimed at reducing vehicle emissions, improving fuel efficiency, and promoting sustainable manufacturing practices drive the adoption of green tire technologies. Regulatory initiatives, such as tire labeling requirements, eco-labelling programs, and carbon pricing mechanisms, incentivize the use of automotive green tires and encourage industry-wide compliance with environmental standards.

Related Report

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

 

Automotive Green Tires Market Size,  Share & Growth Report
Report Code
AT 6212
RI Published ON
5/6/2024
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