Global Green Tires Market – Global Industry Analysis and Forecast (2018-2026)
Global Green Tires Market was valued US$63 Bn in 2017 and is anticipated to reach US$144 Bn by 2026 at a CAGR of about 10.89 % during a forecast period.
Global Green Tires Market is segmented by vehicle type, by application, and by region. Green Tires market is segmented into Passenger Cars, Light Commercial Vehicle, Heavy duty, and Aircraft. On-Road and Off-Road are application segment of Green Tires market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The green tire is a way big dream for the tire manufacturers. It’s a rocky road to fulfill this dream. Replacement of the raw materials present in tires with renewable materials may have a negative impact on the braking performance and compromising here is not acceptable. Currently, the label “green” is used for tires, designed with an aim to improve the fuel economy.
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Global 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.
Based on application, the on-road application segment accounted for the largest share of the green tires market in 2017. On-road vehicles include passenger cars, and trucks, which run on roads to transport passengers and goods from one place to another.
Europe was the largest market for green tires in 2017, in terms of volume. Europe is expected to become the largest market by 2026, as tire labeling regulations and growing awareness about green tires are expected to drive the green tires market in Europe during the forecast period.
PPG Industries Inc., Pirelli Tyre SpA, Bridgestone, Green Arc Tire Manufacturing, Goodyear Tire & Rubber, Michelin North America, 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 (BKT), TOYO TIRE U.S.A. CORP. are key players included in the Green Tires Market.
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Scope of Global Green Tires Market:
Global Green Tires Market by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicle
• Heavy Duty
• Aircraft
Global Green Tires Market by Application:
• On-Road
• Off-Road
Global Green Tires Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Global Green Tires Market:
• PPG Industries Inc.
• Pirelli Tyre SpA
• Bridgestone
• Green Arc Tire Manufacturing
• Goodyear Tire & Rubber
• Michelin North America
• 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.
MAJOR TOC OF THE REPORT
Chapter One: Green Tires Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Green Tires Market Competition, by Players
Chapter Four: Global Green Tires Market Size by Regions
Chapter Five: North America Green Tires Revenue by Countries
Chapter Six: Europe Green Tires Revenue by Countries
Chapter Seven: Asia-Pacific Green Tires Revenue by Countries
Chapter Eight: South America Green Tires Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Green Tires by Countries
Chapter Ten: Global Green Tires Market Segment by Type
Chapter Eleven: Global Green Tires Market Segment by Application
Chapter Twelve: Global Green Tires Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Green Tires Market Report at: https://www.maximizemarketresearch.com/market-report/global-green-tires-market/17093/
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