Report Highlights
The global market for green tires is expected to grow from $88.2 billion in 2024 and is projected to reach $152.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Report Includes
- 29 data tables and 31 additional tables
- An overview of the global market for green tires
- Analysis of global market trends, featuring revenue data for 2023, estimated figures for 2024, forecasts for 2025, 2029, and projected CAGRs through 2029
- Evaluation of the current market’s size and revenue growth prospects, along with a market share analysis by vehicle type, sales channel, and region
- A look at innovations, technological advances, and product launches in the industry
- Analysis of the industry’s regulatory framework and policies
- A discussion of ESG challenges and ESG practices in the industry
- An analysis of the key companies’ market shares, proprietary technologies, alliances, and patents
- Profiles of the leading players, including MICHELIN, Bridgestone Corp., Continental AG, The Goodyear Tire & Rubber Co., and Pirelli & C. S.p.A.
Report Scope
This report analyzes the global green tires market by segmenting it based on vehicle type and sales channel. These market segments are further analyzed at the global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are given for 2024 through 2029. The market estimates are provided in terms of revenue (millions of U.S. dollars).
On the basis of vehicle type, the market is segmented into passenger vehicles, commercial vehicles and other vehicles such as two-wheelers, agriculture vehicles, mining vehicles, etc. The passenger vehicle segment dominates the overall market. Based on sales channel, the market is segmented into OEM (original equipment manufacturer) and aftermarket.
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||
| Forecast period considered | 2024-2029 | ||||||||||
| Base year market size | $79.9 billion | ||||||||||
| Market size forecast | $152.7 billion | ||||||||||
| Growth rate | CAGR of 11.6% for the forecast period of 2024-2029 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | Vehicle Type, Sales Channel, and Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, South Korea, Southeast Asia, South America, Middle East and Africa | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Government initiatives to reduce carbon emissions in the tire industry
- Increasing preference for electric or fuel-efficient vehicles.
Analyst Credentials
Noopur Deshmukh– Associate Consultant-Advanced Materials Research
Noopur Deshmukh has over six years of industry experience in market research and analysis, specializing in advanced materials. She has experience in several domains, such as chemicals, materials, polymers, packaging, technology, and others. She works majorly on research studies, data gathering, market estimation & forecast, and competitive analysis, and providing clients with custom reports based on their business requirements. Academically, Noopur holds a master’s degree in Marketing and a bachelor’s degree in Engineering.
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Green Tires Market
The global market for green tires is expected to grow from $88.2 billion in 2024 and is projected to reach $152.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
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