Green Tires Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle), Application (On-Road, and Off-Road), and Region (North America, Asia-Pacific, Europe, South America, and Middle East & Africa) - Global Forecast to 2022

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Date: 26-Apr-2018
No. of pages: 106
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“Government initiatives to reduce carbon emissions and tire labeling regulations are anticipated to drive the green tires market.”

The green or low rolling resistance tires market is projected to reach USD 104.23 billion by 2022, at a CAGR of 10.7% from USD 62.68 billion in 2017. One of the most significant factors driving the growth of the green tires market is the increased government initiatives for a green and clean environment. There is a rising concern over factors affecting the fuel efficiency of vehicles and CO2 emissions. Thus, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. However, lack of awareness regarding the benefits of green tires restricts the growth of the green tires market in emerging economies.

“The passenger cars segment is the largest vehicle type segment of the green tires market.”

Based on vehicle type, the passenger cars segment is estimated to account for the largest share of the green tires market in 2017, in terms of value and volume. Passenger cars lead the automotive production across the globe. In recent years, automotive manufacturers have been focusing on fuel efficiency, which, in turn, has created a demand for fuel-efficient tires. Increased regulations regarding CO2 emissions are also driving the demand for green tires.

“The rising demand for green tires from the Asia Pacific region is a major factor driving the green tires market.”

The green tires market in the APAC region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. China and India is the key markets for green tires in the APAC region. The increased demand for green tires for passenger cars is projected to fuel the growth of the green tires market in the region.

Break-up of primary interviews is given below:

By Company Type: Tier 1 –42%, Tier 2 – 33%, and Others – 25%

By Designation: Director level 33%, C-Level 17%, and Others 50%

By Region: North America – 33%, APAC– 25%, Europe –17%, South America – 17%, and the Middle East& Africa –8%

Key companies profiled in this market research report include Michelin (France), Bridgestone (Japan), Goodyear Tire and Rubber (US), Continental (Germany), Hankook (South Korea), Pirelli (Italy), Cheng Shin Rubber (China), Kumho Tires (South Korea), ZC Rubber (China), Nokian Tires (Finland).

Research Coverage

The green tires market has been segmented on the basis of vehicle type, application, and region. This report covers the green tires market, in terms of value and volume, and forecasts its market size till 2022. The report includes market segmentation based on vehicle type (passenger cars, LCVs, others), application (off-road, on-road), and region (APAC, Europe, North America, the Middle East & Africa, and South America). Key countries considered for market analysis in these regions include China, India, Japan, South Korea, the US, Canada, Mexico, Germany, Spain, Italy, the UK, France, Brazil, Argentina, Iran, and South Africa. The report also provides company profiles and competitive strategies adopted by the key players in the green tires market.

Reasons to buy the report

The report will help market leaders as well as new entrants in this market in the following ways:


  • This report segments the green tires market and provides the closest approximations of revenue numbers for the overall market and its sub segments across different regions.

  • This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

  • This report helps stakeholders identify competitors and gain insights to improve their position in the market. The competitive landscape section includes new product developments, expansions, agreements, acquisitions, and joint ventures.

Green Tires Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle), Application (On-Road, and Off-Road), and Region (North America, Asia-Pacific, Europe, South America, and Middle East & Africa) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Green Tires Market Overview, 2017 vs. 2022
4.2 Green Tires Market, By Vehicle Type
4.3 Green Tires Market, By Region
4.4 Green Tires Market Share, By Application and Country
4.5 Green Tires Market Attractiveness

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Government Initiatives for Green and Clean Environment
5.1.1.2 Increase In Fuel Efficiency
5.1.2 Restraints
5.1.2.1 Lack of Awareness In Emerging Economies
5.1.3 Opportunities
5.1.3.1 Green Replacement Tires
5.2 Porter’s Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Buyers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Industry Indicators

6 Green Tires Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Cars
6.3 Light Commercial Vehicles (LCVS)
6.4 Others
6.4.1 Heavy Trucks
6.4.2 Buses & Coaches
6.4.3 Two Wheelers

7 Green Tires Market, By Application
7.1 Introduction
7.2 On-Road
7.3 Off-Road (OTR)

8 Green Tires Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Mexico
8.2.3 Canada
8.3 Europe
8.3.1 Germany
8.3.2 Spain
8.3.3 UK
8.3.4 France
8.3.5 Italy
8.3.6 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 South Korea
8.4.3 Japan
8.4.4 India
8.4.5 Rest of APAC
8.5 Middle East & Africa
8.5.1 Iran
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking of Key Players
9.3 Competitive Situations & Trends
9.4 Expansions
9.5 Joint Ventures, Partnerships, and Acquisitions
9.6 New Product Launches

10 Company Profiles
10.1 Michelin
10.2 Bridgestone
10.3 Goodyear
10.4 Continental
10.5 Hankook
10.6 Pirelli
10.7 Cheng Shin Rubber
10.8 Kumho
10.9 ZC Rubber
10.10 Nokian
10.11 Other Companies
10.11.1 Apollo Tyres
10.11.2 Sailun Tires
10.11.3 Shandong Linglong Tire Co., Ltd
10.11.4 Kenda Tires
10.11.5 Giti Rubber
10.11.6 Cooper
10.11.7 Yokohama
10.11.8 Nexen
10.11.9 MRF
10.11.10 Petlas
10.11.11 BKT
10.11.12 Toyo Tires

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 Green Tires Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 2 Green Tires Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 3 Green Tires Market Size, By Application, 2015–2022 (USD Million)
Table 4 Green Tires Market Size, By Application, 2015–2022 (Thousand Units)
Table 5 Global Green Tires Market Size, By Country, 2015–2022 (USD Million)
Table 6 Global Green Tires Market Size, By Country, 2015–2022 (Thousand Units)
Table 7 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 8 North America: By Market Size, By Country, 2015–2022 (Thousand Units)
Table 9 North America: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 10 North America: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 11 US: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 12 US: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 13 Mexico: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 14 Mexico: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 15 Canada: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 16 Canada: By Market Size, By Vehicle Type, 2015–2022 ( Thousand Units)
Table 17 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 18 Europe: By Market Size, By Country, 2015–2022 (Thousand Units)
Table 19 Europe: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 20 Europe: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 21 Germany: Green Tires Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 22 Germany: Green Tires Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 23 Spain: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 24 Spain: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 25 UK: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 26 UK: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 27 France: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 28 France: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 29 Italy: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 30 Italy: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 31 Rest of Europe: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 32 Rest of Europe: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 33 APAC: By Market Size, By Country, 2015–2022 (USD Million)
Table 34 APAC: By Market Size, By Country, 2015–2022 (Thousand Units)
Table 35 APAC: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 36 APAC: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 37 China: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 38 China: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 39 South Korea: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 40 South Korea: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 41 Japan: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 42 Japan: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 43 India: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 44 India: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 45 Rest of APAC: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 46 Rest of APAC : By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 47 Middle East & Africa: Green Tires Market Size, By Country, 2015–2022 (USD Million)
Table 48 Middle East & Africa: By Market Size, By Country, 2015–2022 (Thousand Units)
Table 49 Middle East & Africa: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 50 Middle East & Africa: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 51 Iran: By Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 52 Iran: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 53 South Africa: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 54 South Africa: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 55 Rest of Middle East & Africa: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 56 Rest of Middle East & Africa: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 57 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 58 South America: By Market Size, By Country, 2015–2022 (Thousand Units)
Table 59 South America: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 60 South America: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 61 Brazil: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 62 Brazil: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 63 Argentina: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 64 Argentina: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 65 Rest of South America: By Market Size, By Vehicle Type, 2015–2022 (USD Million)
Table 66 Rest of South America: By Market Size, By Vehicle Type, 2015–2022 (Thousand Units)
Table 67 Expansions (2015–2017)
Table 68 Joint Ventures, Partnerships, and Acquisitions (2015–2017)
Table 69 New Product Launches (2015–2017)

List of Figures

Figure 1 Green Tires Market Segmentation
Figure 2 Green Tires Market: Research Design
Figure 3 On-Road to Be the Largest Application of Green Tires
Figure 4 Passenger Cars to Be the Largest Vehicle Type for Green Tires
Figure 5 APAC to Be the Fastest-Growing Green Tires Market
Figure 6 Europe Is the Largest Green Tires Market
Figure 7 Green Tires Market to Witness Strong Growth Between 2017 and 2022
Figure 8 Passengers Cars to Be the Largest Vehicle Type for Green Tires
Figure 9 Europe to Be the Largest Green Tires Market
Figure 10 Passenger Cars Was the Largest Vehicle Type for Green Tires
Figure 11 APAC to Be the Fastest-Growing Green Tires Market
Figure 12 Factors Governing Green Tires Market
Figure 13 Green Tires Market: Porter’s Five Forces Analysis
Figure 14 Vehicle Sales Worldwide, 2013-2017
Figure 15 Passenger Cars to Be the Dominating Vehicle Type for Green Tires
Figure 16 Passenger Car Sales Statistics, 2013-2017
Figure 17 LCVS Sales Statistics (2013-2017)
Figure 18 On-Road to Be the Dominating Application of Green Tires
Figure 19 Regional Green Tires Market Snapshot: Developing Economies are Emerging as New Hotspots
Figure 20 Europe: Green Tires Market Snapshot
Figure 21 APAC: Green Tires Market Snapshot
Figure 22 Companies Adopted Expansions and Joint Ventures, Partnerships, and Acquisitions as the Key Strategies Between 2015 and 2017
Figure 23 Michelin: Company Snapshot
Figure 24 Bridgestone : Company Snapshot
Figure 25 Goodyear : Company Snapshot
Figure 26 Continental: Company Snapshot
Figure 27 Hankook: Company Snapshot
Figure 28 Pirelli: Company Snapshot
Figure 29 Kumho : Company Snapshot
Figure 30 Nokian : Company Snapshot

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