Automotive Light Commercial Vehicle 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

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 14 billion

CAGR (2023-2028)

9.4%

Fastest Growing Segment

Replacement

Largest Market

Europe


Market Overview

Global Automotive Light Commercial Vehicle Green Tires Market has valued at USD 14 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.4% through 2028. The Global Automotive Light Commercial Vehicle (LCV) Green Tires Market is at the forefront of a transformative shift in the automotive industry. Green tires, designed to reduce rolling resistance and enhance fuel efficiency, have become a pivotal solution in addressing pressing environmental concerns and stringent emissions regulations. These tires play a critical role in reducing the carbon footprint of LCVs, making them more eco-friendly and aligning with global efforts to combat climate change. Technological innovation is a driving force in this market, with tire manufacturers continuously developing advanced compounds, tread patterns, and structures to strike a balance between environmental sustainability and performance. Silica-based compounds, innovative tread designs, and smart tire technologies are just a few examples of the cutting-edge developments shaping green tire design. These innovations not only reduce fuel consumption but also enhance safety and handling, making green tires an attractive choice for LCV operators.

Key Market Drivers

Environmental Regulations and Emission Reduction Targets

One of the most significant drivers propelling the Global Automotive Light Commercial Vehicle Green Tires Market is the stringent environmental regulations and emission reduction targets imposed by governments and international bodies worldwide. Governments are increasingly recognizing the role of vehicle emissions in air pollution and climate change, and they are taking decisive steps to address these issues. Green tires, characterized by their ability to reduce rolling resistance and improve fuel efficiency, align perfectly with the objectives of these regulations. By enhancing fuel efficiency, green tires contribute to lower CO2 emissions and reduced fuel consumption, which are critical factors in meeting emission reduction targets. As environmental regulations continue to evolve and become more stringent, the demand for green tires in the LCV market is expected to grow significantly. Manufacturers, in response to these regulations, are actively investing in research and development to develop green tire technologies that meet both performance and sustainability requirements.

Cost Savings for Fleet Operators

Fleet operators represent a substantial portion of the Global Automotive Light Commercial Vehicle Green Tires Market, and one of the key drivers for their adoption of green tires is the potential for significant cost savings. Fleet operators manage large numbers of LCVs, and small improvements in fuel efficiency and tire lifespan can translate into substantial financial benefits. Green tires, by reducing rolling resistance, improve the fuel efficiency of LCVs. For fleet operators, this translates into lower fuel consumption and reduced operating costs. Even a minor improvement in fuel efficiency can lead to substantial savings over the course of a year, especially when multiplied across a fleet of vehicles.

Moreover, green tires tend to have longer tread life compared to conventional tires due to their reduced rolling resistance. This means that they need to be replaced less frequently, resulting in lower maintenance costs for fleet operators. Reduced downtime for tire replacements also enhances operational efficiency and minimizes disruptions in logistics and transportation services. Efficiency is a critical consideration for fleet operators. Green tires not only contribute to lower fuel costs but also improve the overall operational efficiency of LCV fleets. With improved fuel economy and longer-lasting tires, fleet operators can meet delivery schedules more reliably, reduce maintenance-related downtime, and optimize the utilization of their vehicles.

Eco-Conscious Consumer Demand

Consumer preferences are playing a significant role in driving the adoption of green tires in the Global Automotive Light Commercial Vehicle Green Tires Market. Today's consumers are increasingly environmentally conscious, and their purchasing decisions are often influenced by eco-friendly considerations. Light commercial vehicles are commonly used for personal transportation, including commuting and family activities. Consequently, consumers are eager to reduce their personal carbon footprint and contribute to a cleaner environment. Green tires, designed to deliver improved fuel efficiency, lower CO2 emissions, and overall eco-friendly performance, align perfectly with these aspirations. Furthermore, the increasing availability of green tires across various price ranges ensures that eco-friendly options are accessible to a broader consumer base. Historically, green tires were associated with premium or high-end segments, but they are now offered in mid-range and budget categories as well. This democratization of green tire options empowers consumers with varying budgets to make environmentally responsible choices.

Fuel Efficiency and Operational Cost Considerations

Fuel efficiency and operational cost considerations are fundamental drivers of green tire adoption in the Global Automotive Light Commercial Vehicle Green Tires Market. Light commercial vehicles, often used for logistics, delivery services, and transportation, are subject to intense cost pressures, making fuel efficiency a critical factor in operational sustainability. Green tires, with their ability to reduce rolling resistance, improve fuel efficiency significantly. This leads to lower fuel consumption, which is a direct cost-saving measure for LCV operators. Even a modest improvement in fuel efficiency can result in substantial annual savings when multiplied across a fleet of vehicles.

Operational costs, including fuel expenses, are a substantial portion of the total cost of ownership for LCVs. Green tires help operators mitigate these costs by delivering better fuel economy and longer tread life. The extended tire lifespan further reduces maintenance and replacement expenses, contributing to overall operational cost savings.

 

Download Free Sample Report

Key Market Challenges

Price Premium and Affordability Concerns:

One of the primary challenges in the adoption of green tires for light commercial vehicles is the price premium associated with these eco-friendly tire options. Green tires, engineered to reduce rolling resistance and improve fuel efficiency, often come at a higher initial cost compared to conventional tires. This price differential can be a significant deterrent for both individual consumers and fleet operators, especially those who prioritize upfront savings over long-term benefits. For many LCV operators, particularly in the logistics and transportation sectors, budget constraints and cost considerations remain paramount. While green tires offer the promise of long-term fuel savings and reduced operational costs, the higher upfront purchase price can pose a financial barrier. Fleet managers may be hesitant to invest in green tires if they perceive that the return on investment will not be realized within a reasonable timeframe. Additionally, individual consumers may also be deterred by the initial cost of green tires, especially in the context of personal light commercial vehicles. Eco-conscious consumers may understand the long-term benefits of improved fuel efficiency, reduced emissions, and longer tire lifespan, but the higher upfront expense can still be a challenge for many.

Limited Availability and Variety:

Another significant challenge within the Global Automotive LCV Green Tires Market is the limited availability and variety of green tire options, particularly when compared to conventional tires. Historically, green tires were primarily associated with premium or high-end segments of the market, leading to a perception that they were a niche product offering. This limited availability and variety pose challenges for consumers and fleet operators who require green tires tailored to specific vehicle types, driving conditions, and price points. Many LCV operators have diverse fleets with varying operational requirements, and the availability of green tires that address these specific needs may be lacking. Additionally, the limited variety of green tires may not provide sufficient options for consumers and fleet operators in regions with extreme or challenging climates. LCVs operating in regions with heavy snowfall, for instance, may struggle to find suitable green tires designed for winter driving conditions.

Performance Trade-Offs and Consumer Perception

A challenge that greens tires face is the perceived trade-off between eco-friendliness and performance, particularly in terms of traction, handling, and wet grip. Some consumers and fleet operators remain skeptical about green tires' ability to match the performance of conventional tires, especially in adverse weather conditions. Green tires achieve their fuel efficiency gains by reducing rolling resistance, often through changes in tire tread patterns and compounds. While these alterations benefit fuel economy, they can sometimes lead to concerns about traction and handling, particularly on wet or slippery roads. Consumers who prioritize safety and performance may be hesitant to switch to green tires if they believe that the trade-off in performance is too great. This perception challenge can be a significant barrier to adoption, as safety remains a paramount concern for all LCV operators. Educational initiatives can also play a crucial role in addressing consumer perception challenges. Tire manufacturers and industry associations should communicate the benefits and performance characteristics of green tires more effectively, dispelling misconceptions and highlighting their advantages in real-world driving scenarios.

Limited Public Awareness and Education:

The limited public awareness and education surrounding green tires present a substantial challenge in the Global Automotive LCV Green Tires Market. Many consumers and fleet operators are not well-informed about the benefits of green tires, how they function, or their potential for reducing fuel consumption and carbon emissions. This lack of awareness often leads to a default preference for conventional tires, as consumers tend to stick with what they are familiar with. Fleet operators, too, may not explore green tire options if they are unaware of the potential cost savings and sustainability benefits. Furthermore, incentivizing consumer and fleet operator participation in education and awareness programs can help bridge the knowledge gap. Offering test drives or trial periods with green tires can provide firsthand experience of their benefits, encouraging adoption and dispelling any doubts about their performance.

Compatibility with Existing Infrastructure

The compatibility of green tires with existing infrastructure poses a challenge, especially for fleet operators who have standardized their maintenance practices and equipment around conventional tires. Green tires, with their unique characteristics and requirements for optimal performance, may necessitate changes in maintenance procedures, equipment, and tire management systems. For example, the monitoring of tire pressure and wear for green tires may require specialized equipment or software that some fleet operators do not currently possess. Implementing these changes can involve an upfront investment in technology and training, which can be a barrier to the adoption of green tires. Additionally, some fleet operators may have concerns about the compatibility of green tires with their existing vehicles. The differences in rolling resistance and performance characteristics between green tires and conventional tires may require adjustments in vehicle handling and operational practices.

Key Market Trends

Rising Environmental Awareness and Regulatory Pressures

A prominent and enduring trend in the Global Automotive Light Commercial Vehicle Green Tires Market is the growing emphasis on environmental sustainability. With climate change concerns and air pollution reaching alarming levels, there is an increasing sense of urgency to reduce the carbon footprint of vehicles, including light commercial vehicles (LCVs). Environmental awareness has driven both consumers and regulatory bodies to prioritize eco-friendly solutions in the automotive sector. Governments worldwide are introducing stricter emission standards and fuel efficiency regulations to combat pollution and reduce greenhouse gas emissions. LCVs, which are often used for logistics and transportation, play a significant role in this context, contributing to emissions and fuel consumption.

Green tires are pivotal in addressing these challenges. They are specifically designed to minimize rolling resistance, which results in improved fuel efficiency and reduced CO2 emissions. Governments and regulatory bodies are increasingly recognizing the potential of green tires to help meet these stringent standards. This trend reflects a global commitment to environmental sustainability, making green tires a vital component in the automotive industry's efforts to reduce its environmental impact and align with international agreements such as the Paris Agreement.

Technological Advancements in Green Tire Design

Technological advancements in green tire design represent a pivotal trend within the Global Automotive Light Commercial Vehicle Green Tires Market. Tire manufacturers are investing heavily in research and development to create innovative tire solutions that balance sustainability with functionality. One significant advancement in green tire technology is the use of silica-based tire compounds. Silica enhances grip and traction while simultaneously reducing rolling resistance. This compound is instrumental in achieving the dual goals of improved fuel efficiency and safety. Manufacturers continue to innovate silica compound formulations and mixing processes to further enhance tire performance.

In addition to compounds, tire manufacturers are exploring advanced tread patterns and tire structures that optimize fuel efficiency without compromising handling, wet grip, and tread life. Asymmetrical tread designs and computer-aided modeling are being employed to strike the right balance between low rolling resistance and excellent performance in various road conditions. Moreover, smart tire technologies and digital monitoring systems are emerging as integral components in maximizing the benefits of green tires. These systems provide real-time data on tire performance, inflation pressure, and wear, allowing LCV operators to make informed decisions that optimize fuel efficiency and extend tire life. Furthermore, 3D printing technology is being explored to produce customized green tires with precise tread designs tailored to specific driving conditions and vehicle types.

Increasing Adoption of Green Tires by Fleet Operators

A significant trend in the market is the increasing adoption of green tires by fleet operators of light commercial vehicles. Fleet operators, who manage a substantial portion of LCVs on the road, are recognizing the economic and environmental benefits of green tires. One of the primary drivers for fleet operators is the potential for cost savings. Green tires, by reducing rolling resistance, improve fuel efficiency and extend tire lifespan. For fleet operators managing large numbers of vehicles, even small improvements in fuel efficiency translate into substantial cost reductions over time. Moreover, the extended tire lifespan lowers maintenance and replacement expenses. Efficiency is also a key consideration for fleet operators. Green tires contribute to the overall efficiency of LCV fleets by reducing downtime due to tire-related issues. With improved fuel economy and longer-lasting tires, fleet operators can enhance their operational efficiency and meet delivery schedules more reliably.

Furthermore, green tires align with the sustainability goals of many fleet operators. In an era of increased corporate social responsibility (CSR), organizations are eager to reduce their environmental footprint. Green tires offer a practical means to do so, helping fleet operators demonstrate their commitment to sustainability and environmental responsibility. Additionally, some fleet operators are leveraging tire monitoring technologies and telematics systems to track the performance of green tires in real time. These systems provide insights into tire pressure, wear, and fuel efficiency, allowing operators to optimize tire maintenance and performance, further enhancing the advantages of green tires.

Consumer Demand for Eco-Friendly Transportation Solutions:

Consumer preferences are playing a crucial role in driving the adoption of green tires in the Global Automotive Light Commercial Vehicle Green Tires Market. Today's consumers are increasingly environmentally conscious, and their purchasing decisions are often influenced by eco-friendly considerations. Light commercial vehicles are widely used for personal transportation, including commuting and family activities. As a result, consumers are keen to reduce their personal carbon footprint and contribute to a cleaner environment. Green tires align with this objective by delivering improved fuel efficiency, lower CO2 emissions, and overall eco-friendly performance.

Furthermore, the increasing availability of green tires in various price ranges makes eco-friendly options accessible to a broader consumer base. Historically, green tires were associated with premium or high-end segments, but they are now offered in mid-range and budget categories as well. This democratization of green tire options ensures that consumers with varying budgets can make environmentally responsible choices.

Government incentives and subsidies for eco-friendly products also influence consumer preferences. In some regions, governments offer incentives to encourage the adoption of fuel-efficient and low-emission vehicles, including those equipped with green tires. These incentives further motivate consumers to opt for eco-friendly transportation solutions.

Segmental Insights

Demand Category Analysis

The market is divided into two subgroups: OEM and aftermarket, depending on the sales channel. A growing number of environmental and safety concerns have caused the OEM segment to command a significant volume and value share of the global market. To combat the rising level of vehicle emissions and lower fuel consumption, OEM firms are investing in research to develop innovative, environmentally friendly, lightweight, and long-lasting tires. For instance, in 2019, Sumitomo Rubber Industries Ltd. and Kansai University created a cutting-edge technology that can generate electrical energy while a vehicle's tires are rotating. In order to produce energy from tire rotation, the tires make use of the buildup of static electricity, commonly known as friction charging.

The aftermarket sector, which already commands a sizeable portion of the worldwide market, is predicted to grow even more in the years to come. The primary elements that are anticipated to drive the aftermarket industry are the rising propensity of existing vehicle owners and automobile manufacturers towards a clean, green environment as well as the requirement for high fuel efficiency. Additionally, the use of renewable raw materials in tire manufacturing and technical advancements are supporting the aftermarket green tire market.

 

Download Free Sample Report

Regional Insights

Due to increasingly strict government laws designed to cut carbon emissions and encourage environmentally friendly vehicles and vehicle parts, Europe currently dominates worldwide industry. In 1990, silane and silica were used to make tire treads, which helped to establish the market and give rise to green tire. Due to their assistance in lowering rolling resistance, these tires are also known as energy tires in Europe. Therefore, the market for green tires has drawn the attention of everyone in this region, including all the tire manufacturers and suppliers in Europe. The main automakers' choice of automobile components suppliers helps them adhere to the region's high emission requirements (EURO VI).

Tires play a significant role in fuel efficiency and emissions reduction. Additionally, major tire producers and automakers are collaborating to create the next generation of environmentally friendly tires. Additionally, the European Commission is developing post-2020 carbon dioxide emission standards for cars and trucks, which are anticipated to encourage the use of eco-friendly tires in this region's OEM and aftermarket markets. For instance, Michelin and General Motors collaborated to create a revolutionary wheel prototype in 2019 that is intended to replace current pneumatic tires and wheels. The Michelin UPTIS renewable materials decrease the quantity of scrap tires, which lowers the total amount of energy and raw materials required to produce tires.

Automakers in North America are quickly incorporating green car technologies. In addition, the market is expanding due to the rising number of infrastructure projects and the demand for replacement tires. Additionally, the growth of vehicle fleets for agricultural and construction uses will continue to drive up demand in the upcoming years.

In addition, the market in nations like China, Japan, and India is anticipated to grow in the approaching years due to the dynamic automotive industry in the Asia Pacific region. Due to the region's extensive capacity for producing polyester goods, accessibility of raw materials, and well-established distribution network, the market for green tires is more expansive there.

Recent Developments

  • The launch of Falken e.ZIEX's new line of replacement tires for the fleet of electric vehicles across Europe was announced by Sumitomo Rubber Industries in March 2023.
  • In January 2023, Goodyear announced the release of its automobile green tire, which will be utilized for electric vehicles and is 90% sustainable material. Soybean oil and polyester made from recycled plastic bottles make up the tire composition.
  • Toyota Motor Corporation received the TOYO Tire Corporation's Nano energy tire model J67 as an original equipment (OE) tire for the Toyota Sienta in September 2022. The business provided 185/65 R15 88S size J67 green tires with remarkable fuel-saving qualities due to their low rolling resistance.
  • May 2022 saw the launch of Bridgestone Corporation's R192E all-position radial tire, which was created especially for electric urban transit. The R192E tire increases daily ranges with its extremely low rolling resistance and excellent load capacity.
  • May 2022: At Tire Cologne 2022, ZC Rubber just introduced its Westlake and Goodride flagship line of ultra-high-performance passenger car tires for the European market. The improved tire profile based on the updated design configuration of ZC rubber in the tire range also provides a 5% decrease in overall rolling resistance. The tires also contribute to better handling and grip performance in slick conditions.
  • In North America in March 2022, Pirelli debuted its new line of aftermarket tires for electric vehicles. The tires, designed expressly for this use, provide a 15% reduction in rolling resistance.
  • The Yokohama Tire Corporation announced in February 2022 the introduction of tires made of sustainable materials for Supercars. The business would make recyclable thermo-reversible rubber and synthetic rubber from biomass.

Key Market Players

  • 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

By Tire Type

By Demand Category

By Region
  • Radial
  • Bias
  • OEM
  • Replacement
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Automotive Light Commercial Vehicle Green Tires Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Light Commercial Vehicle Green Tires Market, By Tire Type:

o   Radial

o   Bias

  • Automotive Light Commercial Vehicle Green Tires Market, By Demand Category:

o   OEM

o   Replacement

  • Automotive Light Commercial Vehicle Green Tires Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  France

§  Russia

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Light Commercial Vehicle Green Tires Market.

Available Customizations:

Global Automotive Light Commercial Vehicle Green Tires market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Light Commercial Vehicle Green Tires Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Light Commercial Vehicle Green Tires Market

5.    Global Automotive Light Commercial Vehicle Green Tires Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Tire Type Market Share Analysis (Radial, Bias)

5.2.2.    By Demand Category Market Share Analysis (OEM, Replacement)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        Asia-Pacific Market Share Analysis

5.2.3.2.        Europe & CIS Market Share Analysis

5.2.3.3.        North America Market Share Analysis

5.2.3.4.        South America Market Share Analysis

5.2.3.5.        Middle East & Africa Market Share Analysis

5.2.4.    By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3.  Global Automotive Light Commercial Vehicle Green Tires Market Mapping & Opportunity Assessment

5.3.1.    By Tire Type Market Mapping & Opportunity Assessment

5.3.2.    By Demand Category Type Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Light Commercial Vehicle Green Tires Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Tire Type Market Share Analysis

6.2.2.    By Demand Category Type Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        China Market Share Analysis

6.2.3.2.        India Market Share Analysis

6.2.3.3.        Japan Market Share Analysis

6.2.3.4.        Indonesia Market Share Analysis

6.2.3.5.        Thailand Market Share Analysis

6.2.3.6.        South Korea Market Share Analysis

6.2.3.7.        Australia Market Share Analysis

6.2.3.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value & Volume

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Tire Type Market Share Analysis

6.3.1.2.2.           By Demand Category Type Market Share Analysis

6.3.2.    India Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value & Volume

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Tire Type Market Share Analysis

6.3.2.2.2.           By Demand Category Type Market Share Analysis

6.3.3.    Japan Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value & Volume

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Tire Type Market Share Analysis

6.3.3.2.2.           By Demand Category Type Market Share Analysis

6.3.4.    Indonesia Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value & Volume

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Tire Type Market Share Analysis

6.3.4.2.2.           By Demand Category Type Market Share Analysis

6.3.5.    Thailand Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value & Volume

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Tire Type Market Share Analysis

6.3.5.2.2.           By Demand Category Type Market Share Analysis

6.3.6.    South Korea Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value & Volume

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Tire Type Market Share Analysis

6.3.6.2.2.           By Demand Category Type Market Share Analysis

6.3.7.    Australia Automotive Light Commercial Vehicle Green Tires Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value & Volume

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Tire Type Market Share Analysis

6.3.7.2.2.           By Demand Category Type Market Share Analysis

7.    Europe & CIS Automotive Light Commercial Vehicle Green Tires Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Tire Type Market Share Analysis

7.2.2.    By Demand Category Type Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        Germany Market Share Analysis

7.2.3.2.        Spain Market Share Analysis

7.2.3.3.        France Market Share Analysis

7.2.3.4.        Russia Market Share Analysis

7.2.3.5.        Italy Market Share Analysis

7.2.3.6.        United Kingdom Market Share Analysis

7.2.3.7.        Belgium Market Share Analysis

7.2.3.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Tire Type Market Share Analysis

7.3.1.2.2.           By Demand Category Type Market Share Analysis

7.3.2.    Spain Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Tire Type Market Share Analysis

7.3.2.2.2.           By Demand Category Type Market Share Analysis

7.3.3.    France Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Tire Type Market Share Analysis

7.3.3.2.2.           By Demand Category Type Market Share Analysis

7.3.4.    Russia Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value & Volume

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Tire Type Market Share Analysis

7.3.4.2.2.           By Demand Category Type Market Share Analysis

7.3.5.    Italy Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value & Volume

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Tire Type Market Share Analysis

7.3.5.2.2.           By Demand Category Type Market Share Analysis

7.3.6.    United Kingdom Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value & Volume

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Tire Type Market Share Analysis

7.3.6.2.2.           By Demand Category Type Market Share Analysis

7.3.7.    Belgium Automotive Light Commercial Vehicle Green Tires Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value & Volume

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Tire Type Market Share Analysis

7.3.7.2.2.           By Demand Category Type Market Share Analysis

8.    North America Automotive Light Commercial Vehicle Green Tires Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Tire Type Market Share Analysis

8.2.2.    By Demand Category Type Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        United States Market Share Analysis

8.2.3.2.        Mexico Market Share Analysis

8.2.3.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Light Commercial Vehicle Green Tires Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Tire Type Market Share Analysis

8.3.1.2.2.           By Demand Category Type Market Share Analysis

8.3.2.    Mexico Automotive Light Commercial Vehicle Green Tires Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Tire Type Market Share Analysis

8.3.2.2.2.           By Demand Category Type Market Share Analysis

8.3.3.    Canada Automotive Light Commercial Vehicle Green Tires Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Tire Type Market Share Analysis

8.3.3.2.2.           By Demand Category Type Market Share Analysis

9.    South America Automotive Light Commercial Vehicle Green Tires Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Tire Type Market Share Analysis

9.2.2.    By Demand Category Type Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Brazil Market Share Analysis

9.2.3.2.        Argentina Market Share Analysis

9.2.3.3.        Colombia Market Share Analysis

9.2.3.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Light Commercial Vehicle Green Tires Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Tire Type Market Share Analysis

9.3.1.2.2.           By Demand Category Type Market Share Analysis

9.3.2.    Colombia Automotive Light Commercial Vehicle Green Tires Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Tire Type Market Share Analysis

9.3.2.2.2.           By Demand Category Type Market Share Analysis

9.3.3.    Argentina Automotive Light Commercial Vehicle Green Tires Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Tire Type Market Share Analysis

9.3.3.2.2.           By Demand Category Type Market Share Analysis

10. Middle East & Africa Automotive Light Commercial Vehicle Green Tires Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value & Volume 

10.2.            Market Share & Forecast

10.2.1. By Tire Type Market Share Analysis

10.2.2. By Demand Category Type Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     South Africa Market Share Analysis

10.2.3.2.     Turkey Market Share Analysis

10.2.3.3.     Saudi Arabia Market Share Analysis

10.2.3.4.     UAE Market Share Analysis

10.2.3.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Automotive Light Commercial Vehicle Green Tires Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value & Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Tire Type Market Share Analysis

10.3.1.2.2.         By Demand Category Type Market Share Analysis

10.3.2. Turkey Automotive Light Commercial Vehicle Green Tires Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value & Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Tire Type Market Share Analysis

10.3.2.2.2.         By Demand Category Type Market Share Analysis

10.3.3. Saudi Arabia Automotive Light Commercial Vehicle Green Tires Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value & Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Tire Type Market Share Analysis

10.3.3.2.2.         By Demand Category Type Market Share Analysis

10.3.4. UAE Automotive Light Commercial Vehicle Green Tires Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value & Volume

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Tire Type Market Share Analysis

10.3.4.2.2.         By Demand Category Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Bridgestone Corporation

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Continental AG

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Michelin Group

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Apollo Tyres Limited

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Yokohama Tire Corporation

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Goodyear Tire & Rubber Company

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Pirelli & C. Spa

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Toyo Tire Corporation

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. MRF Limited

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              CEAT Limited

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Tire Type

About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Automotive Light Commercial Vehicle Green Tires Market was estimated to be USD 14 billion in 2022.

down-arrow

The market is divided into two subgroups: OEM and aftermarket, depending on the sales channel. A growing number of environmental and safety concerns have caused the OEM segment to command a significant volume and value share of the global market. To combat the rising level of vehicle emissions and lower fuel consumption, OEM firms are investing in research to develop innovative, environmentally friendly, lightweight, and long-lasting tires.

down-arrow

Due to increasingly strict government laws designed to cut carbon emissions and encourage environmentally friendly vehicles and vehicle parts, Europe currently dominates worldwide industry. In 1990, silane and silica were used to make tire treads, which helped to establish the market and give rise to green tire. Due to their assistance in lowering rolling resistance, these tires are also known as energy tires in Europe. Therefore, the market for green tires has drawn the attention of everyone in this region, including all the tire manufacturers and suppliers in Europe. The main automakers' choice of automobile components suppliers helps them adhere to the region's high emission requirements (EURO VI).

down-arrow

Environmental Regulations and Emission Reduction Targets, Cost Savings for Fleet Operators, Eco-Conscious Consumer Demand and Fuel Efficiency and Operational Cost Considerations are the major drivers for the Global Automotive Light Commercial Vehicle Green Tires Market.

Related Reports

profile

Srishti Verma

Business Consultant
Press Release

Automotive Light Commercial Vehicle Green Tires Market to Grow with a CAGR of 9.4% Globally through to 2028

Oct, 2023

Environmental Regulations and Emission Reduction Targets, Cost Savings for Fleet Operators, Eco-Conscious Consumer Demand and Fuel Efficiency and Operational Cost Considerations are factors driving t

Why Choose Us