Pune, Maharashtra -- (SBWire) -- 07/07/2023 --According to HTF Market Intelligence, the Global Green Tire market to witness a CAGR of % during the forecast period (2023-2029). The Latest Released Green Tire Market Research assesses the future growth potential of the Green Tire market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Green Tire market.
The Major Players Covered in this Report: Michelin (France), Continental AG (Germany), Pirelli & C. S.p.A. (Italy), Nokian Tyres plc (Finland), Apollo Tyres Ltd. (India), MRF Limited (India), Hankook Tire & Technology Co., Ltd. (South Korea), Cooper Tire & Rubber Company (United States), Vredestein (Netherlands), Bridgestone Corporation (Japan)
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Definition:
Green tires are sustainable tires made up of highly dispersible silica (HD silica or HDS), natural rubber and improved carbon black with an aim to provide energy efficiency by having low rolling resistance. As per leading rubber and plastics expertise Smithers Rapra data of 2018, around 40% of total tires are green one with demand expected to grow in the forecasted period. Emergence of electric and hybrid vehicles expected to add another feather in sustainable tires market cap amid challenge about the unpredictability of raw materials loom large.
Market Trends:
Development of Sustainable Materials
Technological Advancements
Market Drivers:
Growing Consumer Awareness
Cost Savings for Consumers
Market Opportunities:
Electric Vehicle (EV) Market Expansion
Aftermarket Potential
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Green Tire market segments by Types: Passenger, Commercial
Detailed analysis of Green Tire market segments by Applications: On-Road, Off-Road
Major Key Players of the Market: Michelin (France), Continental AG (Germany), Pirelli & C. S.p.A. (Italy), Nokian Tyres plc (Finland), Apollo Tyres Ltd. (India), MRF Limited (India), Hankook Tire & Technology Co., Ltd. (South Korea), Cooper Tire & Rubber Company (United States), Vredestein (Netherlands), Bridgestone Corporation (Japan)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyze and forecast the size of the Green Tire market by value and volume.
- -To estimate the market shares of major segments of the Green Tire market.
- -To showcase the development of the Green Tire market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Green Tire market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Green Tire market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Green Tire market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
The market is segmented by Application (On-Road, Off-Road) by Tire Size (15 Inch, 16 Inch, 17 Inch, 18 Inch) by Vehicle Type (Passenger, Commercial) by Sales Channels (OEM, Aftermarket) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
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Key takeaways from the Green Tire market report:
– Detailed consideration of Green Tire market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Green Tire market-leading players.
– Green Tire market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Green Tire market for forthcoming years.
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Major highlights from Table of Contents:
Green Tire Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Green Tire market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Green Tire Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Green Tire Market Production by Region Green Tire Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Green Tire Market Report:
- Green Tire Overview, Definition and Classification Market drivers and barriers
- Green Tire Market Competition by Manufacturers
- Green Tire Capacity, Production, Revenue (Value) by Region (2023-2029)
- Green Tire Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Green Tire Production, Revenue (Value), Price Trend by Type {Passenger, Commercial}
- Green Tire Market Analysis by Application {On-Road, Off-Road}
- Green Tire Manufacturers Profiles/Analysis Green Tire Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
- What are influencing factors driving the demand for Green Tire near future?
- What is the impact analysis of various factors in the Global Green Tire market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Green Tire market for long-term investment?
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