Tire manufacturers have focused on producing green tires, owing to the rising environmental concerns and stringent norms and regulations. Green tires contribute to sustainability by increasing fuel efficiency and reducing greenhouse gas emissions. In addition, green tires offer excellent safety and driving comfort to vehicle occupants. According to Lanxess, vehicle with green tires moving at 80 km/h reduce shorter braking distance by up to 21 meters as compared to normal tires. Moreover, it is estimated that fitting green tires in all vehicles, worldwide, could result in annual savings of around 20 billion liters of fuel and nearly 50 million metric tons of CO2 emissions. Thus, the global green tires market is expected to grow a significant rate across the globe. The green tires market is expected to grow at a CAGR of 9.2% from 2017 to 2025.
The global green tires market is segmented based on application, vehicle type, and geography. Based on application, the market is segmented into on-road, and off-road. Based on the type of vehicle, the market is categorized into two wheelers, passenger cars, and commercial vehicles. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
• Stringent environmental laws and regulation
• Rise in price of gasoline and diesel
• Increasing demand for eco-friendly vehicles and component
Restraints:
• Lack of technological advancement
• Fluctuating prices of raw material
Market Players:
The top players in the green tires market include PPG Industries Inc., Michelin, The Goodyear Tire & Rubber Co., Bridgestone Corporation, Lanxess, Green Arc Tire Manufacturing Inc., Pirelli Tire LLC, Continental AG, Vittoria, and Pyrolyx AG.
KEY TAKEAWAYS
MARKET LANDSCAPE
• By Application Modes
? On-road
? Off-road
• By Vehicle Type
? Two Wheelers
? Passenger Cars
? Commercial Vehicles
• By Geography
? North America
o U.S.
o Canada
o Mexico
? Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
? Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
? LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend Analysis
1.3. Competitive Landscape and Recent Industry Development Analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Green Tires Market Shares Analysis, 2014-2025
3.4.1. Green tires market share by application modes, 2014-2025
3.4.2. Green tires market share by vehicles type, 2014-2025
3.4.3. Green tires market share by geography, 2014-2025
4. Green Tires Market by Application Modes
4.1. On-road
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Off-road
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
5. Green Tires Market by Vehicles Type
5.1. Two Wheelers
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Passenger Cars
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
5.3. Commercial Vehicles
5.3.1. Historical Market Size by Region, 2014-2016
5.3.2. Market Forecast by Region, 2017-2025
6. Green Tires Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical Market Size, 2014-2016
6.1.1.2. Market Forecast, 2017-2025
6.1.2. Canada
6.1.2.1. Historical Market Size, 2014-2016
6.1.2.2. Market Forecast, 2017-2025
6.1.3. Mexico
6.1.3.1. Historical Market Size, 2014-2016
6.1.3.2. Market Forecast, 2017-2025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical Market Size, 2014-2016
6.2.1.2. Market Forecast, 2017-2025
6.2.2. Germany
6.2.2.1. Historical Market Size, 2014-2016
6.2.2.2. Market Forecast, 2017-2025
6.2.3. France
6.2.3.1. Historical Market Size, 2014-2016
6.2.3.2. Market Forecast, 2017-2025
6.2.4. Spain
6.2.4.1. Historical Market Size, 2014-2016
6.2.4.2. Market Forecast, 2017-2025
6.2.5. Italy
6.2.5.1. Historical Market Size, 2014-2016
6.2.5.2. Market Forecast, 2017-2025
6.2.6. Rest of Europe
6.2.6.1. Historical Market Size, 2014-2016
6.2.6.2. Market Forecast, 2017-2025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical Market Size, 2014-2016
6.3.1.2. Market Forecast, 2017-2025
6.3.2. Japan
6.3.2.1. Historical Market Size, 2014-2016
6.3.2.2. Market Forecast, 2017-2025
6.3.3. India
6.3.3.1. Historical Market Size, 2014-2016
6.3.3.2. Market Forecast, 2017-2025
6.3.4. Australia
6.3.4.1. Historical Market Size, 2014-2016
6.3.4.2. Market Forecast, 2017-2025
6.3.5. South Korea
6.3.5.1. Historical Market Size, 2014-2016
6.3.5.2. Market Forecast, 2017-2025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical Market Size, 2014-2016
6.3.6.2. Market Forecast, 2017-2025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical Market Size, 2014-2016
6.4.1.2. Market Forecast, 2017-2025
6.4.2. Saudi Arabia
6.4.2.1. Historical Market Size, 2014-2016
6.4.2.2. Market Forecast, 2017-2025
6.4.3. South Africa
6.4.3.1. Historical Market Size, 2014-2016
6.4.3.2. Market Forecast, 2017-2025
6.4.4. Rest of LAMEA
6.4.4.1. Historical Market Size, 2014-2016
6.4.4.2. Market Forecast, 2017-2025
7. Company profiles
7.1. PPG Industries Inc.
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Michelin
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. The Goodyear Tire & Rubber Co.
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. Bridgestone Corporation
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. Lanxess
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. Green Arc Tire Manufacturing Inc.
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. Pirelli Tire LLC
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. Continental AG
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. Vittoria
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. Pyrolyx AG.
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments
Table 1.Green Tires Market Share, by Application Modes, 2014-2025, (%)
Table 2.Green Tires Market Share, by Vehicle Type, 2014-2025, (%)
Table 3.Green Tires Market Value for On-road, by Region, 2014-2025, $million
Table 4.Green Tires Market Value for Off-road, by Region, 2017-2025, $million
Table 5.Green Tires Market Value for Two Wheelers, by Region, 2017-2025, $million
Table 6.Green Tires Market Value for Passenger Cars, by Region, 2017-2025, $million
Table 7.Green Tires Market Value for Commercial Vehicles, by Region, 2017-2025, $million
Table 8.Green Tires Market Value for North America, by Country, 2014-2025, $million
Table 9.Green Tires Market Value for North America, by Application Modes, 2014-2025, $million
Table 10.Green Tires Market Value for North America, by Vehicle Type, 2014-2025, $million
Table 11.Green Tires Market Value for Europe, by Country, 2014-2025, $million
Table 12.Green Tires Market Value for Europe, by Application Modes, 2014-2025, $million
Table 13.Green Tires Market Value for Europe, by Vehicle Type, 2014-2025, $million
Table 14.Green Tires Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 15.Green Tires Market Value for Asia-Pacific, by Application Modes, 2014-2025, $million
Table 16.Green Tires Market Value for Asia-Pacific, by Vehicle Type, 2014-2025, $million
Table 17.Green Tires Market Value for LAMEA, by Country, 2014-2025, $million
Table 18.Green Tires Market Value for LAMEA, by Application Modes, 2014-2025, $million
Table 19.Green Tires Market Value for LAMEA, by Vehicle Type, 2014-2025, $million
Table 20. PPG Industries Inc. - Company Snapshot
Table 21. Michelin - Company Snapshot
Table 22. The Goodyear Tire & Rubber Co. - Company Snapshot
Table 23. Bridgestone Corporation - Company Snapshot
Table 24. Lanxess - Company Snapshot
Table 25. Green Arc Tire Manufacturing Inc. - Company Snapshot
Table 26. Pirelli Tire LLC - Company Snapshot
Table 27. Continental AG - Company Snapshot
Table 28. Vittoria - Company Snapshot
Table 29. Pyrolyx AG - Company Snapshot
Figure 1.Green Tires: On-road Market Value, 2014-2016, $million
Figure 2.Green Tires: Off-road Market Value, 2014-2016, $million
Figure 3.Green Tires: Two Wheelers Market Value, 2014-2016, $million
Figure 4.Green Tires: Passenger Cars Market Value, 2014-2016, $million
Figure 5.Green Tires: Commercial Vehicles Market Value, 2014-2016, $million
Figure 6.Green Tires: U.S. Market Value, 2014-2016, $million
Figure 7.Green Tires: U.S. Market Value, 2017-2025, $million
Figure 8.Green Tires: Canada Market Value, 2014-2016, $million
Figure 9.Green Tires: Canada Market Value, 2017-2025, $million
Figure 10.Green Tires: Mexico Market Value, 2014-2016, $million
Figure 11.Green Tires: Mexico Market Value, 2017-2025, $million
Figure 12.Green Tires: UK Market Value, 2014-2016, $million
Figure 13.Green Tires: UK Market Value, 2017-2025, $million
Figure 14.Green Tires: Germany Market Value, 2014-2016, $million
Figure 15.Green Tires: Germany Market Value, 2017-2025, $million
Figure 16.Green Tires: France Market Value, 2014-2016, $million
Figure 17.Green Tires: France Market Value, 2017-2025, $million
Figure 18.Green Tires: Spain Market Value, 2014-2016, $million
Figure 19.Green Tires: Spain Market Value, 2017-2025, $million
Figure 20.Green Tires: Italy Market Value, 2014-2016, $million
Figure 21.Green Tires: Italy Market Value, 2017-2025, $million
Figure 22.Green Tires: Rest of Europe Market Value, 2014-2016, $million
Figure 23.Green Tires: Rest of Europe Market Value, 2017-2025, $million
Figure 24.Green Tires: China Market Value, 2014-2016, $million
Figure 25.Green Tires: China Market Value, 2017-2025, $million
Figure 26.Green Tires: Japan Market Value, 2014-2016, $million
Figure 27.Green Tires: Japan Market Value, 2017-2025, $million
Figure 28.Green Tires: India Market Value, 2014-2016, $million
Figure 29.Green Tires: India Market Value, 2017-2025, $million
Figure 30.Green Tires: Australia Market Value, 2014-2016, $million
Figure 31.Green Tires: Australia Market Value, 2017-2025, $million
Figure 32.Green Tires: South Korea Market Value, 2014-2016, $million
Figure 33.Green Tires: South Korea Market Value, 2017-2025, $million
Figure 34.Green Tires: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 35.Green Tires: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 36.Green Tires: Brazil Market Value, 2014-2016, $million
Figure 37.Green Tires: Brazil Market Value, 2017-2025, $million
Figure 38.Green Tires: Saudi Arabia Market Value, 2014-2016, $million
Figure 39.Green Tires: Saudi Arabia Market Value, 2017-2025, $million
Figure 40.Green Tires: South Africa Market Value, 2014-2016, $million
Figure 41.Green Tires: South Africa Market Value, 2017-2025, $million
Figure 42.Green Tires: Rest of LAMEA Market Value, 2014-2016, $million
Figure 43.Green Tires: Rest of LAMEA Market Value, 2017-2025, $million
