Automotive Two Wheeler Green Tires Market to Grow with a CAGR of 8.1% Globally through to 2028
Rising Urbanization and Congestion, Consumer Awareness
and Demand, Fuel Efficiency and Cost Savings and Technological Advancements are
factors driving the Global Automotive Two Wheeler Green Tires market in the
forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Two Wheeler Green Tires Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Automotive Two Wheeler Green
Tires Market stood at USD 18 billion in 2022 and is anticipated to grow with a
CAGR of 8.1% in the forecast period, 2024-2028. The Global Automotive Two-Wheeler Green
Tires Market has been experiencing significant growth and transformation in
recent years. This market segment is driven by the increasing emphasis on
sustainability, environmental awareness, and regulatory pressures to reduce
carbon emissions. Green tires, also known as eco-friendly or low rolling
resistance tires, have emerged as a key solution in addressing these
challenges. One of the primary drivers of this market is the rising global
concern over environmental issues. Governments, regulatory bodies, and
consumers are increasingly aware of the need to reduce the environmental
footprint of transportation. Green tires, with their lower rolling resistance,
help vehicles achieve better fuel efficiency, which translates to reduced
carbon emissions. Stricter emission standards and sustainability goals have
further accelerated the adoption of green tires. Technological advancements
have played a pivotal role in shaping this market. Tire manufacturers have
invested in innovative materials, advanced tread designs, and smart tire
technologies to strike a balance between performance and eco-friendliness.
These innovations have led to green tires that not only reduce rolling
resistance but also provide excellent grip and handling.
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Two Wheeler Green Tires Market.”
The global automotive two-wheeler green tires market
has been undergoing a remarkable transformation in recent years, driven by a
growing awareness of environmental concerns, stringent regulations, and
technological advancements. The automotive industry has long been a significant
contributor to pollution and carbon emissions worldwide. Two-wheelers, such as
motorcycles and scooters, play a substantial role in this, as they are widely
used for daily commuting in many parts of the world. However, as concerns about
air quality, global warming, and sustainability have escalated, there has been
a growing demand for eco-friendly alternatives in the automotive sector. One of
the most critical developments in this regard has been the emergence of green
tires for two-wheelers. These tires are designed to minimize their
environmental impact through various means, such as reducing rolling
resistance, enhancing fuel efficiency, and using sustainable materials. In this
article, we will explore the global automotive two-wheeler green tires market
in-depth, covering market size, growth drivers, challenges, and the future
outlook.
Growing concerns about air pollution and its impact on
public health have spurred the demand for green tires. Two-wheelers, being a
popular mode of transportation in densely populated areas, are a significant
source of pollution. Green tires help reduce emissions, making them an
attractive choice for eco-conscious consumers. Governments worldwide have been
implementing stricter emissions standards and fuel efficiency regulations.
Green tires help automakers comply with these regulations, which has driven
their adoption. Green tires are often designed to reduce rolling resistance,
leading to improved fuel efficiency. This not only benefits the environment but
also helps consumers save money on fuel costs, making green tires a
cost-effective choice in the long run.
The development of green tires has seen significant
technological advancements in recent years. These advancements have been
instrumental in improving tire performance while minimizing their environmental
impact. Some notable innovations include Nanotechnology Nanomaterials, such as
carbon black and graphene, are being incorporated into green tires to further
enhance their performance characteristics. These materials help improve grip,
durability, and fuel efficiency. Sustainable sourcing of materials is a crucial
aspect of green tire manufacturing. Some companies are using recycled rubber
and other eco-friendly materials in their tire production to reduce waste and
environmental impact. The integration of sensors and smart technology in green
tires is an emerging trend. These smart tires can monitor tire pressure,
temperature, and wear, providing real-time data to drivers and improving safety
and efficiency. Innovations in tire technology, including the development of
self-healing tires, airless tires, and further advancements in materials
science, will continue to drive growth and improve the overall performance of
green tires. Additionally, the integration of green tire technology into
electric two-wheelers is expected to create new opportunities in the market.
Major companies operating in Global Automotive Two
Wheeler Green Tires Market are:
- Bridgestone Corporation
- Continental AG
- Michelin Group
- Apollo Tyres Limited
- Yokohama Tire Corporation
- Goodyear Tire & Rubber Company
- Pirelli & C. Spa
- Toyo Tire Corporation
- MRF Limited
- CEAT Limited
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“The global
automotive two-wheeler green tires market is experiencing robust growth, fueled
by an increasing emphasis on sustainability and environmental consciousness. As
governments worldwide implement stringent emissions regulations, the demand for
eco-friendly tires designed to reduce rolling resistance and enhance fuel
efficiency is on the rise. Major tire manufacturers are investing in
cutting-edge technologies, including the use of silica compounds and
nanomaterials, to develop innovative green tire solutions. These tires not only
benefit the environment by reducing carbon emissions but also offer cost
savings to consumers through improved fuel economy. The market's outlook remains
positive, with continued advancements in tire technology and growing consumer
awareness driving further adoption of green tires in the two-wheeler segment.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Automotive
Two Wheeler Green Tires Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Tire Type (Radial, Bias), By Demand
Category (OEM, Replacement), By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Automotive Two Wheeler Green
Tires Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Automotive Two
Wheeler Green Tires Market.
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