Automotive Three 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

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 11 billion

CAGR (2023-2028)

7.6%

Fastest Growing Segment

Replacement

Largest Market

Europe


Market Overview

Global Automotive Three Wheeler Green Tires Market has valued at USD 11 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.6% through 2028. The Global Automotive Three-Wheeler Green Tires Market is a burgeoning segment within the automotive industry that addresses the growing concerns surrounding environmental sustainability. These specialized tires are meticulously designed to minimize the environmental footprint of three-wheelers, which are widely utilized for daily commuting in various regions. Key elements defining this market include a pressing environmental imperative, continuous technological advancements, government initiatives, heightened consumer awareness, and expanding market reach. Governments worldwide are introducing stringent emissions standards and providing incentives to promote green tires, aligning with global sustainability goals. Consumer awareness is on the rise, with eco-conscious individuals increasingly choosing green tires for their cost-saving benefits, chiefly through improved fuel efficiency. This market is expanding notably in emerging economies where three-wheelers are a crucial mode of transportation, particularly in congested urban areas. Furthermore, the electrification of three-wheelers amplifies the significance of green tires, maximizing the efficiency of electric vehicles. In summary, the Global Automotive Three-Wheeler Green Tires Market represents a pivotal intersection of environmental responsibility, technological innovation, government support, consumer preferences, and market expansion, steering the automotive industry towards a more sustainable future.

Key Market Drivers

Environmental Concerns and Regulations

The first and perhaps the most prominent driver of the Global Automotive Three-Wheeler Green Tires Market is the heightened concern for the environment and the stringent regulatory framework surrounding emissions and sustainability. Global climate change and air pollution are pressing concerns worldwide. As the transportation sector contributes significantly to these issues, there is a growing consensus on the need to adopt more eco-friendly practices. Three-wheelers, which are a common mode of transportation in many densely populated areas, contribute their share to pollution levels. This has led to a surge in demand for green tires, which are designed to minimize environmental impact. Governments across the globe have started imposing increasingly strict emissions standards for vehicles, including three-wheelers. These regulations push manufacturers to develop and market vehicles that are more fuel-efficient and less polluting. Green tires play a crucial role in helping three-wheeler manufacturers meet these regulations. By reducing rolling resistance and improving fuel efficiency, green tires contribute to lower emissions.

Cost Savings and Fuel Efficiency

Another significant driver of the global automotive three-wheeler green tires market is the potential for cost savings and improved fuel efficiency associated with these tires. Green tires are engineered to have lower rolling resistance compared to conventional tires. This reduced rolling resistance translates to less energy required to keep the tires moving. As a result, three-wheelers equipped with green tires consume less fuel, making them more cost-effective for consumers in the long run. With rising fuel prices, this becomes an appealing selling point for manufacturers and buyers alike. Consumers, particularly those who rely on three-wheelers for daily commuting, stand to benefit from green tires through lower fuel expenses. While the initial cost of purchasing green tires might be slightly higher, the savings on fuel expenses over time make them a smart investment. In developing regions where three-wheelers are popular, this financial incentive is a powerful driver for the adoption of green tires.

Technological Advancements

The third driver of the global automotive three-wheeler green tires market is the continuous technological advancements in tire design and manufacturing. Modern green tires often incorporate silica compounds in their tread designs. Silica helps reduce rolling resistance and enhances wet traction, making these tires safer and more fuel-efficient. This technological advancement is crucial as it allows green tires to strike a balance between sustainability and performance. The application of nanomaterials in tire manufacturing is another noteworthy development. Materials like carbon black and graphene are being integrated into green tires to further improve their performance characteristics. These nanomaterials enhance grip, durability, and fuel efficiency, making green tires highly competitive with conventional ones. Sustainability is not just about reduced emissions; it's also about responsible sourcing and recycling. Many green tire manufacturers use recycled rubber and other eco-friendly materials in their tire production. This not only reduces waste but also minimizes the environmental footprint of the tire manufacturing process.

Consumer Awareness and Preferences

The fourth driver of the global automotive three-wheeler green tires market is increasing awareness among consumers about environmental issues and their preference for eco-friendly products. Consumers, both in developed and emerging markets, are becoming more environmentally conscious. They are concerned about the impact of their choices on the planet and are actively seeking ways to reduce their carbon footprint. Green tires align with these values by offering a tangible way for consumers to contribute to environmental conservation through their choice of transportation. Companies and organizations are also recognizing the importance of sustainability as part of their CSR initiatives. Many organizations prefer to partner with manufacturers and suppliers who share their commitment to environmental responsibility. This trend has a trickle-down effect, as businesses often specify the use of green tires in their fleet vehicles, further boosting demand. The market is witnessing a shift in consumer preferences. Buyers are increasingly opting for vehicles that are not only cost-effective but also environmentally friendly. Three-wheeler manufacturers that offer green tire options are likely to gain a competitive edge in attracting these conscientious consumers.

Government Support and Incentives

The fifth driver is the support and incentives provided by governments to promote the adoption of green technologies in the automotive industry. Many governments offer financial incentives to manufacturers and consumers who choose eco-friendly options. These incentives can take the form of tax breaks, subsidies, or grants, making it more economically viable for manufacturers to produce green tires and for consumers to purchase them. In some regions, these incentives extend to lower import tariffs or reduced registration fees for vehicles equipped with green tires.

Governments are increasingly implementing regulations that require automakers to meet certain emissions and sustainability standards. Compliance with these regulations often necessitates the use of green tires. For example, India introduced the "Bharat Stage VI" emissions standard, pushing three-wheeler manufacturers to adopt cleaner technologies, including green tires, to meet these stringent requirements. Government-funded research and development initiatives are also driving innovation in green tire technology. By providing funding and resources for tire manufacturers to develop sustainable and efficient tire solutions, governments contribute to the growth of the green tire market.

 

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Key Market Challenges

High Initial Cost

One of the primary challenges facing the adoption of green tires in the global automotive three-wheeler market is their high initial cost compared to conventional tires. Green tires are engineered with advanced materials and technologies aimed at reducing rolling resistance and improving fuel efficiency. While these innovations are beneficial for the environment and consumers in the long run, they often result in a higher price tag upfront. This cost differential can be a significant barrier for price-sensitive consumers, particularly in emerging markets where three-wheelers are a popular mode of transportation. In regions where the population heavily relies on three-wheelers for daily commuting, affordability is a critical factor. Many consumers prioritize the lowest upfront cost when purchasing a three-wheeler, often overlooking the long-term savings on fuel expenses that green tires can offer. Convincing consumers to invest in green tires may require education and incentives, as well as addressing the perception of higher upfront costs.

Limited Consumer Awareness

The second challenge lies in the limited awareness among consumers about the benefits of green tires and their role in environmental conservation. Many consumers, especially in developing regions, are unaware of the environmental impact of their transportation choices and the potential benefits of green tires. This lack of information hinders the adoption of green tires, as consumers may not prioritize them when purchasing a three-wheeler. Manufacturers and governments need to collaborate on awareness campaigns to inform consumers about the long-term advantages of green tires in terms of cost savings and reduced carbon emissions. Effective educational initiatives are crucial to bridge the knowledge gap. Consumers need to understand that the slightly higher upfront cost of green tires can translate into significant savings over time. Highlighting the environmental benefits, such as reduced greenhouse gas emissions, can also motivate eco-conscious consumers to choose green tires.

Infrastructure Challenges

Infrastructure challenges represent the third obstacle to the widespread adoption of green tires in the automotive three-wheeler market. Green tires often incorporate recycled materials as part of their eco-friendly design. However, the availability of recycling facilities for used green tires varies widely across regions. Inadequate infrastructure for recycling and proper disposal can result in environmental concerns, as used green tires may end up in landfills, negating their sustainability benefits. Proper waste management for tires is essential to ensure that the environmental benefits of green tires are fully realized. In regions with insufficient waste management systems, the disposal of used tires, whether green or conventional, can lead to environmental pollution and health hazards.

Resistance to Change

Change management and resistance to adopting new technologies are the fourth challenge in the global automotive three-wheeler green tires market. Consumers often exhibit resistance to change, especially when it involves altering established preferences or habits. In many regions, three-wheelers with conventional tires have been the norm for decades. Convincing consumers to switch to green tires may require substantial marketing efforts and incentives, as well as addressing concerns about tire performance and longevity. Manufacturers may also exhibit reluctance to change their production processes and materials to accommodate green tires. Traditional tire manufacturing processes may need to be adjusted, which can be costly and time-consuming. Some manufacturers may resist these changes until there is clear market demand or regulatory pressure to adopt green tire technology.

Market Fragmentation and Accessibility

The fifth challenge revolves around market fragmentation and accessibility issues, particularly in regions where the three-wheeler market is highly diverse and fragmented. The global three-wheeler market is diverse, with varying types of vehicles catering to different needs. For example, there are passenger three-wheelers, cargo carriers, and specialized vehicles for specific applications. Each segment may have unique requirements for tires in terms of load-bearing capacity, durability, and tread patterns. Developing green tires to cater to this diverse market can be challenging and costly. Access to green tires is not uniform across regions. In developed markets, where environmental consciousness is higher, consumers may have better access to green tire options and incentives. However, in emerging markets, accessibility can be limited due to factors such as distribution networks, availability of green tire models, and affordability constraints.

Key Market Trends

Increasing Environmental Awareness and Sustainability Focus

A fundamental trend driving the Global Automotive Three-Wheeler Green Tires Market is the increasing environmental awareness and a heightened focus on sustainability across the globe. This trend has profound implications for the automotive industry, including the three-wheeler segment.

Growing concerns about climate change, air pollution, and resource depletion have led to a significant shift in consumer preferences. People are increasingly inclined to make eco-conscious choices, including their mode of transportation. In response, the automotive industry is experiencing a growing demand for green and sustainable solutions, such as electric vehicles and green tires. Governments and regulatory bodies in various regions are setting ambitious emission reduction goals and imposing stringent regulations on vehicle emissions. This has forced automotive manufacturers to adopt cleaner technologies, including green tires, to meet these standards. For instance, the European Union's emissions standards have spurred the adoption of green tires in the European three-wheeler market. Businesses are also taking sustainability seriously, not only for environmental reasons but also as part of their corporate social responsibility (CSR) initiatives. Many organizations, especially those with large fleets of three-wheelers, prefer to invest in green tires to reduce their carbon footprint. This trend has a cascading effect, as it pushes tire manufacturers to develop and supply green tire options to meet the demand from corporate clients.

Technological Advancements and Innovation

The Global Automotive Three-Wheeler Green Tires Market is witnessing a rapid pace of technological advancements and innovation. These developments are driven by the need to balance sustainability with performance, safety, and cost-effectiveness.

Silica compounds and nanomaterials like graphene and carbon black are increasingly being integrated into green tire designs. These materials help to reduce rolling resistance, enhance wet traction, and improve overall tire performance. Nanotechnology, in particular, is revolutionizing the tire industry, enabling the creation of eco-friendly tires with superior grip, durability, and fuel efficiency.

An emerging trend is the development of self-healing tires. These innovative tires are designed to automatically repair small punctures or cuts, extending their lifespan and reducing the need for tire replacements. Self-healing technology not only enhances the sustainability of green tires but also contributes to cost savings for consumers. Airless tires, also known as non-pneumatic tires, are gaining attention in the market. These tires eliminate the risk of flat tires and reduce the need for maintenance. They are also more eco-friendly as they don't rely on inner tubes or require the same level of tire disposal, which can be challenging for the environment. The integration of sensors and smart technology into green tires is another noteworthy trend. Smart tires can monitor tire pressure, temperature, and tread wear in real-time, providing valuable data to drivers and fleet operators. This technology not only enhances safety but also contributes to sustainability by optimizing tire maintenance and performance.

Government Incentives and Support

Government incentives and support play a crucial role in driving the adoption of green tires in the Global Automotive Three-Wheeler Market. Governments are actively promoting sustainable transportation options and creating favorable conditions for the green tire industry. Many governments offer financial incentives to both consumers and manufacturers to encourage the adoption of green technologies. These incentives can take various forms, such as tax rebates, subsidies, or grants. For instance, governments may provide subsidies to consumers purchasing three-wheelers equipped with green tires or offer tax breaks to manufacturers producing green tire models. Regulatory mandates are pushing manufacturers to adopt green tire technology. Governments are setting standards for tire performance, including rolling resistance and fuel efficiency. To comply with these standards, manufacturers are increasingly incorporating green tires into their product lines. For example, India's Bharat Stage VI emissions standard has driven the adoption of green tires in the country's three-wheeler market.

Growth in Emerging Markets

Emerging markets are witnessing a surge in the adoption of three-wheelers, driven by factors such as urbanization, last-mile connectivity, and affordability. This growth presents a significant opportunity for the Global Automotive Three-Wheeler Green Tires Market. In many emerging markets, urbanization is rapidly increasing, leading to congested city streets. Three-wheelers offer an efficient solution for navigating through traffic, making them a popular choice for urban commuters. As the number of three-wheelers on the road grows, so does the demand for green tires to minimize pollution and fuel consumption in densely populated areas.

Three-wheelers are often used for last-mile connectivity, serving as essential modes of transportation for commuters and small-scale cargo transport. As e-commerce and delivery services expand in emerging markets, the demand for three-wheelers equipped with green tires is expected to rise, as companies seek eco-friendly solutions for their fleets. In many emerging markets, cost-conscious consumers opt for three-wheelers due to their affordability compared to four-wheeled vehicles. Green tires, which offer long-term fuel savings, become an attractive option in these regions, as they provide a balance between cost-effectiveness and sustainability.

Focus on Electric Three-Wheelers

The shift toward electric three-wheelers is another prominent trend shaping the Global Automotive Three-Wheeler Green Tires Market. Electric three-wheelers are considered a more environmentally friendly alternative to traditional gasoline-powered counterparts, and green tires play a crucial role in maximizing their efficiency. Many regions, especially in Asia, are experiencing a rapid transition to electric three-wheelers as a means of reducing emissions and promoting clean transportation. Electric three-wheelers are popular for passenger transport and cargo delivery, particularly in urban areas. Green tires complement the eco-friendly nature of electric vehicles by further reducing their carbon footprint. Manufacturers are developing green tires specifically tailored for electric three-wheelers. These tires consider the unique demands of electric vehicles, such as the need for lower rolling resistance and optimized grip. By addressing the specific requirements of electric three-wheelers, green tires contribute to improved overall vehicle performance and energy efficiency. Reducing rolling resistance through green tires can lead to extended battery range in electric three-wheelers. This is a significant selling point, as consumers are often concerned about the range limitations of electric vehicles. Green tires not only make electric three-wheelers more sustainable but also enhance their practicality and appeal to a broader consumer base.

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.

 

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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

  • Bridgestone has used its lightweight ENLITEN technology into the tire design to boost economy. This ground-breaking technology helps lower rolling resistance, which boosts energy efficiency and reduces tire weight by 20%.
  • A cooperative R&D initiative was started by ENEOS Corporation and Bridgestone Corporation in February 2022. By combining the cutting-edge rubber and polymer material design technologies Bridgestone has developed through its tire and rubber business with the crude oil refining technologies and fundamental basic chemical product manufacturing technologies of ENEOS, both companies are anticipated to jointly develop chemical recycling technologies for used tires.
  • 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.

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 Three Wheeler Green Tires Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Three Wheeler Green Tires Market, By Tire Type:

o   Radial

o   Bias

  • Automotive Three Wheeler Green Tires Market, By Demand Category:

o   OEM

o   Replacement

  • Automotive Three Wheeler 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 Three Wheeler Green Tires Market.

Available Customizations:

Global Automotive Three Wheeler 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 Three Wheeler 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 Three Wheeler Green Tires Market

5.    Global Automotive Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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 Three Wheeler 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

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Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Three Wheeler Green Tires Market was estimated to be USD 11 billion in 2022.

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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.

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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).

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Cost Savings and Fuel Efficiency, Government Support and Incentives, Fuel Efficiency and Cost Savings and Technological Advancements are the major drivers for the Global Automotive Three Wheeler Green Tires Market.

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Srishti Verma

Business Consultant
Press Release

Automotive Three Wheeler Green Tires Market to Grow with a CAGR of 7.6% Globally through to 2028

Oct, 2023

Cost Savings and Fuel Efficiency, Government Support and Incentives, Fuel Efficiency and Cost Savings and Technological Advancements are factors driving the Global Automotive Three Wheeler Green Tire

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