Global Green Tires Market | Opportunities Assessment, Covid-19 Impact Analysis And Growth
Global Green Tires Market | Opportunities Assessment, Covid-19 Impact Analysis And Growth
Green Tires Market is anticipated to reach US$ 166.29 Bn by 2029 from US$ 81.64 Bn in 2021 at a CAGR of 9.3 % during a forecast period.

Green Tires Market Overview:

The Green Tires market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Green Tires Market, as well as the reasons for variations in the industry's growth in various locations.

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Green Tires Market is anticipated to reach US$ 166.29 Bn by 2029 from US$ 81.64 Bn in 2021 at a CAGR of 9.3 % during a forecast period.

Market Scope:

Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.


Green tyres reduce the amount of energy lost as a result of friction between the tyres and the rolling surface. The rolling resistance is what causes this. Rolling resistance is overcome by light motor vehicles and typical passenger cars using 7–10% of the gasoline, but large trucks and commercial vehicles use more fuel. Green tyres can increase fuel efficiency in light motor vehicles by 2-4% while they can increase it in heavy-duty vehicles by 7-10%. Long-term savings from reduced fuel costs more than offset the higher cost of green tyres. Since they help to conserve a finite resource while also reducing harmful emissions, green tyres are regarded as fuel-efficient tyres. Rolling resistance increases as a result.


By Sales Channel Due to fleet owners' growing preference for green tyres over conventional tyres to lower vehicle operating costs, the aftermarket segment held the largest share of the global market for green tyres in 2021, accounting for up to 63% of market revenue. The market is primarily driven by auto owners' desire to make their vehicles perform better in terms of, among other things, speed, exhaust sound, and aesthetics.

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Key Players:

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Green Tires market are as follows:

• PPG Industries Inc.
• Pirelli Tyre SpA
• Bridgestone
• Green Arc Tire Manufacturing
• Goodyear Tire & Rubber
• Michelin
• Continental
• Maxxis
• Hankook
• Kumho
• Pyrolyx AG
• Lanxess
• Vittoria
• Apollo Vredestein
• Sailun
• Kenda Tires

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Regional Analysis:

Individual market influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Green Tires market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Green Tires Market:

Due to a break in operations, end-user sectors where Green Tires are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Green Tires manufacturers, affecting the development of the Green Tires market in 2020. End-user business demand for Green Tires has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.

Key Questions Answered in the Green Tires Market Report are:

  • Which segment had the largest share in the Green Tires market in 2021?
  • What is the competitive landscape of the Green Tires market?
  • Which are the key drivers aiding the Green Tires market growth?
  • Which region has the maximum share in the Green Tires market?
  • What will be the CAGR of the Green Tires market during the forecast period (2022-2027)?

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