Portland, OR -- (SBWIRE) -- 07/19/2017 -- 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.

Green Tires Market By Application Modes
- On-road
- Off-road

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Green Tires Market Dynamics:

Drivers for Green Tires Industry:
- Stringent environmental laws and regulation
- Rise in price of gasoline and diesel
- Increasing demand for eco-friendly vehicles and component

Restraints for Green Tires Industry:
- Lack of technological advancement
- Fluctuating prices of raw material

Green Tires 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.

Green Tires Market By Vehicle Type
- Two Wheelers
- Passenger Cars
- Commercial Vehicles

Green Tires Market 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

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Table of Content for Green Tires Market

1. Executive summary for Green Tires Industry
1.1. Key Findings
1.2. Market Attractiveness and Trend Analysis
1.3. Competitive Landscape and Recent Industry Development Analysis

2. Introduction for Green Tires Industry
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. Market landscape for Green Tires Industry
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

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List of Tables for Green Tires Market
Contain 29 Tables

List of Figures for Green Tires Market
Contain 43 Figures