Press Release

Europe Green Tire Market to Grow at 14% until 2024

Increasing government regulations on tire energy labelling in the region to drive Europe green tire market through 2024

According to TechSci Research report, Europe Green Tire Market By Vehicle Type, By Product Type, By End User, By Rim Size, By Country, Competition, Forecast & Opportunities, 2024, Europe green tire market is expected to register a CAGR of around 14% during 2019 - 2024, owing to growing production of automobiles and continuously expanding automobile fleet.  Moreover, increasing government regulations on tire energy labelling is expected to boosting demand for green tires in the region through 2024.

Browse 61 market data Figures spread through 110 Pages and an in-depth TOC on "Europe Green Tire Market"

https://www.techsciresearch.com/report/europe-green-tire-market/3949.html

Europe green tire market can be segmented based on vehicle type, by product type, by end user, by rim size and by country. Passenger car is the dominant segment in the Europe green tire market on account of expanding passenger car fleet size, growing passenger car production and sales, and high consumer preference for passenger cars in the region. In terms of end user, the market can be segmented into Aftermarket and OEM. The Aftermarket segment is expected to account for the largest market share by volume in 2019 due to large automotive fleet size and high replacement rate of tires.

Compagnie Générale des Établissements Michelin, Bridgestone Europe NV/SA, Continental Aktiengesellschaft, Goodyear Dunlop Tires Europe B.V., and Pirelli & C. S.p.A., are the leading players operating in Europe green tire market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their market penetration. Increasing regulations for tire energy labelling are also pushing the Europe green tire manufacturers to innovate their tire offerings to attract consumers.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3949

Customers can also request for 10% free customization on this report.

 Europe green tire market is forecast to witness robust growth in the coming years owing to increasing government regulations such as tire labelling, which requires tire manufacturers to have clear tire energy labelling  to provide a clear and common classification on the basis of tire efficiency related to external noise, fuel efficiency and braking in wet conditions”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Green Tire Market By Vehicle Type, By Product Type, By End User, By Rim Size, By Country, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Europe green tire market and provides statistics & information on market size, structure and future market growth. The report intends to provide latest 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 Europe green tire market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

 

Tel: +1-646-360-1656

 

Email: [email protected]

Relevant Reports

Europe Green Tire Market Segmented By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Demand Category (OEM and Aftermarket), By Country, Competition Forecast & Opportunities,

Automotive | Oct, 2023

The major drivers for the Europe Green Tire Market include stringent environmental regulations emphasizing sustainability, consumer demand for fuel-efficient solutions, and the rise of electric vehicles (EVs) that require specialized tires to complement their unique characteristics.

Relevant News