Green Tires Market is anticipated to reach US$ 166.29 Bn by 2029 from US$ 81.64 Bn in 2023 at a CAGR of 9.3 % during a forecast period.
Green Tires Market Overview
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Green Tires Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Green Tires Market . A thorough report includes the drivers, restraints, opportunities, and challenges of the Green Tires Market . To understand Green Tires Market estimations and growth rates, a bottom-up approach was used in the report.
Regional analysis of the Green Tires Market was conducted at a local, regional and global level to understand the Green Tires Market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Green Tires Market such as stakeholders, investors and new entrants used to develop marketing plans and investments.
The primary and secondary data methods were used for the data collection for the Green Tires Market . The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Green Tires Market
Green Tires Market Regional Insights
The Green Tires Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Green Tires Market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.
Green Tires Market Dynamics:
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The market's data was collected using both primary and secondary data methods. In addition to press headlines, annual reports and financial reports, white papers, etc., secondary data collection techniques include surveys, questionnaires, and telephone interviews with market leaders and business owners. While PORTER is used to assess the level of industry competition in the Green Tires Market , SWOT analysis is used to pinpoint the market's risks and weaknesses.
Green Tires Market Segmentation:
by Vehicle Type
• Passenger Cars
• Light Commercial Vehicle
• Heavy Duty
by Application
• On-Road
• Off-Road
by Sales Channel
• OEM
• Aftermarket
By Sales Channel Due to fleet owners' growing preference for green tires over conventional tires to lower vehicle operating costs, the aftermarket segment held the largest share of the global market for green tires 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.
By vehicle type, the passenger car segment held the largest share in the green tyres market in 2021 and is anticipated to grow at a CAGR of 12.4% between 2021 and 2029. Manufacturers are increasingly focusing on lowering fuel consumption, either to decrease CO2 emissions or to boost passenger vehicle mileage. This is anticipated to drive demand for green tires in passenger cars throughout the course of the forecast period. Demand for green tires in the passenger car industry is expanding as a result of rising consumer awareness and the growing requirement for fuel-efficient vehicles.
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Green Tires Market Key Players
• 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
• CST
• Sailun
• LINGLONG TIRE
• Kenda Tires
• CRAIN COMMUNICATIONS INC.
• Cooper Tire & Rubber Company
• Yokohama Tire Corporation
• Nexen
• MRF
• Petlas
• Balkrishna Industries Limited
• TOYO TIRE U.S.A. CORP
Key questions answered in the Green Tires Market are:
Which are the factors expected to drive the Green Tires Market growth?
What are the factors restraining the growth of the Green Tires Market ?
What is the demand pattern of the Green Tires Market ?
What major challenges could the Green Tires Market face in the future?
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Key Offerings:
Past Market Size and Competitive Landscape (2023 to 2029)
Past Pricing and price curve by region (2023 to 2029)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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