Passenger Car Green Tire Market Size and Trends 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 104.6 billion
CAGR (2023-2028)	4.5%
Fastest Growing Segment	Replacement
Largest Market	Europe

Market Overview

The Global Passenger Car Green Tire Market size reached USD 104.6 billion in 2022 and is expected grow with a CAGR of 4.5% in the forecast period.

The global Passenger Car Green Tire Market is experiencing a significant shift towards sustainability and environmental consciousness, driven by several key factors. Green tires, also known as eco-friendly or low-rolling-resistance tires, are designed to reduce fuel consumption, lower carbon emissions, and minimize the environmental impact associated with tire manufacturing and usage. One of the primary drivers of the Passenger Car Green Tire Market is the increasing global concern about environmental issues, including climate change and air quality. Governments and international organizations are implementing stringent regulations to limit greenhouse gas emissions, prompting automakers and tire manufacturers to explore eco-friendly solutions. Green tires, with their ability to reduce rolling resistance and improve fuel efficiency, align with these environmental goals and contribute to a lower carbon footprint.

Another significant driver is the rising cost of fuel. As fuel prices continue to fluctuate and consumers seek ways to reduce their operating costs, green tires offer an attractive solution. Their reduced rolling resistance means that vehicles equipped with green tires require less energy to move, resulting in improved fuel efficiency. This not only saves consumers money at the pump but also reduces the overall demand for fossil fuels.

Furthermore, tire manufacturers are investing heavily in research and development to innovate in green tire technology. Advanced materials, tread designs, and construction techniques are being employed to optimize tire performance while minimizing their impact on the environment. These innovations result in tires that maintain high levels of safety and handling capabilities while delivering enhanced fuel economy and reduced carbon emissions.

The Passenger Car Green Tire Market is also influenced by consumer preferences for sustainable and eco-friendly products. Many consumers are becoming more environmentally conscious and are willing to choose green tires to reduce their ecological footprint. Additionally, original equipment manufacturers (OEMs) are increasingly offering green tires as standard or optional equipment on new vehicles, further promoting their adoption. The global Passenger Car Green Tire Market is undergoing a transformative shift towards sustainability, driven by environmental concerns, rising fuel costs, tire manufacturer innovation, and changing consumer preferences. Green tires are not only meeting regulatory requirements but also providing consumers with an eco-friendly option that aligns with their desire for fuel efficiency and reduced environmental impact. This market is poised for continued growth as the automotive industry embraces green tire technology to address both environmental challenges and consumer needs.

Key Market Drivers

Environmental Concerns and Regulations

The escalating global concern over environmental issues such as climate change and air quality has been a driving force behind the demand for green tires. Stringent environmental regulations set by governments worldwide, including emission reduction targets, have pressured automotive manufacturers to explore eco-friendly solutions for their vehicles. Green tires, designed to minimize carbon emissions during driving, align perfectly with these regulatory requirements.

Fuel Efficiency Imperative

As fuel prices fluctuate and environmental awareness rises, consumers are increasingly seeking ways to enhance fuel efficiency in their vehicles. Green tires play a pivotal role in this pursuit by reducing rolling resistance, which means less energy is required to move the vehicle. Consequently, drivers enjoy improved fuel economy, reducing their fuel expenses and reducing the overall demand for fossil fuels. This economic and environmental benefit drives the adoption of green tires.

Government Incentives

Several governments globally offer incentives and tax breaks to consumers who opt for eco-friendly choices, including green tires. These incentives serve as strong motivators, encouraging consumers to make sustainable choices for their vehicles. The availability of such incentives varies from region to region, but they effectively stimulate demand for green tires by making them a financially attractive option.

Consumer Environmental Awareness

A growing segment of consumers is becoming increasingly environmentally conscious, seeking products and services that align with their sustainability values. Green tires cater to this trend by offering an eco-friendly alternative that reduces the ecological impact of vehicle operation. As consumers prioritize reducing their carbon footprint, they are more inclined to choose green tires when replacing their vehicle's tires.

OEM Integration

Original equipment manufacturers (OEMs) have recognized the importance of green tires in achieving overall vehicle efficiency and meeting environmental standards. Many OEMs are offering green tires as standard or optional equipment on their vehicles, making them more accessible to consumers. This integration at the manufacturing level significantly bolsters the adoption of green tires.

Advancements in Tire Technology

The tire industry has witnessed significant advancements in materials, construction techniques, and tread designs. These innovations enable tire manufacturers to produce green tires that strike a balance between environmental sustainability and optimal performance. Green tires now maintain high safety and handling standards while improving fuel efficiency.

Market Competition and Brand Image

Tire manufacturers are competing to capture market share in the growing green tire segment. Brands that invest in sustainable tire technology enhance their brand image, attracting environmentally conscious consumers. This competition fosters innovation, resulting in increasingly efficient green tire offerings.

Global Awareness and Corporate Responsibility

Beyond consumer choices, many corporations and fleet operators are implementing sustainability measures, which include adopting green tires in their vehicle fleets. This corporate responsibility and awareness further drive the demand for green tires as businesses seek to reduce their carbon footprint and lower operating costs simultaneously.

The global Passenger Car Green Tire Market is influenced by a multifaceted interplay of factors, including environmental concerns, fuel efficiency objectives, government incentives, consumer awareness, OEM integration, technological advancements, market competition, and corporate sustainability initiatives. These drivers collectively propel the market forward, making green tires a central component of the automotive industry's commitment to environmental responsibility and sustainable mobility.

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Key Market Challenges

Higher Initial Cost

Green tires often come with a higher upfront cost compared to conventional tires. While they offer fuel savings over time, consumers may be deterred by the initial investment. Convincing consumers to look beyond the immediate cost and consider long-term savings can be a challenge for manufacturers and retailers.

Limited Tire Variety

The green tire market primarily focuses on low-rolling-resistance tires designed for fuel efficiency. However, consumers have diverse needs, including those related to performance, all-season capabilities, and off-road usage. Meeting these varied demands within the green tire category can be challenging, leaving some consumers with limited options.

Performance Trade-offs

Green tires are engineered to reduce rolling resistance, which can lead to trade-offs in performance attributes such as handling and braking distance. Consumers who prioritize performance may be reluctant to switch to green tires due to concerns about compromised safety and driving experience.

Consumer Awareness

Many consumers are not fully aware of the benefits of green tires, including improved fuel efficiency and reduced carbon emissions. Educating consumers about these advantages and dispelling misconceptions is a challenge for manufacturers and marketers.

Limited Adoption in Heavy Vehicles

While green tires have gained popularity in passenger cars, their adoption in heavy-duty vehicles like trucks and buses has been relatively slow. The unique requirements of these vehicles, including durability and load-bearing capacity, pose challenges for green tire manufacturers seeking to cater to this segment.

Tire Longevity

Green tires are designed to minimize rolling resistance, which can lead to concerns about tire longevity. Consumers may worry that green tires wear out more quickly than conventional tires, leading to increased replacement costs. Manufacturers must address these concerns and ensure the durability of green tire options.

Harsh Weather Conditions

Green tires may not perform as well as traditional tires in harsh weather conditions, such as heavy snow or extreme heat. In regions with severe weather patterns, consumers may be hesitant to switch to green tires due to safety concerns.

Recycling and Disposal

While green tires are designed to be eco-friendly during their lifespan, the recycling and disposal of these tires at the end of their life cycle remain challenges. Ensuring that green tires are properly recycled or reused to minimize environmental impact requires infrastructure and awareness.

Key Market Trends

Evolving Tire Technology

Green tire technology continues to advance rapidly. Manufacturers are investing in research and development to create innovative tire materials, tread patterns, and construction techniques that reduce rolling resistance while maintaining or enhancing performance attributes such as grip, handling, and tread life. These technological advancements are driving the market toward more efficient and eco-friendly tire solutions.

Expanding Green Tire Product Range

The green tire market is diversifying its product offerings. While low-rolling-resistance tires remain a cornerstone, manufacturers are expanding their green tire portfolios to include all-season, winter, and performance variants. This broadens the appeal of green tires, addressing the needs of consumers in different regions and climates.

Sustainable Materials

Green tire manufacturers are increasingly utilizing sustainable and renewable materials in tire production. This includes incorporating bio-based materials, natural rubber alternatives, and recyclable components. These efforts reduce the environmental impact of tire manufacturing and align with global sustainability goals.

Run-Flat and Self-Sealing Tires

Run-flat and self-sealing tire technologies are gaining traction within the green tire market. These innovations reduce the need for spare tires, leading to lighter vehicles and improved fuel efficiency. Additionally, they enhance safety by allowing drivers to continue driving even after a tire is punctured.

Connected Tire Technology

The integration of tire sensors and data-driven technologies is a growing trend. Connected tire systems monitor tire pressure, tread wear, and temperature in real-time. This not only enhances vehicle safety but also contributes to optimal tire performance and longevity. Such systems help consumers maximize the benefits of green tires.

Tire Labeling and Regulations

Governments and regulatory bodies are increasingly focused on tire labeling and standards related to fuel efficiency and environmental impact. This trend is pushing manufacturers to improve the energy efficiency of their tires and provide clear labeling to inform consumers about a tire's performance characteristics.

Consumer Education

As consumer awareness about green tire benefits grows, manufacturers and retailers are investing in educational initiatives. They provide consumers with information about the advantages of green tires, including fuel savings, reduced carbon emissions, and environmental sustainability. Education is key to increasing adoption rates.

Corporate Sustainability Initiatives

Companies, including tire manufacturers and automotive OEMs, are emphasizing their corporate social responsibility and sustainability efforts. This includes commitments to reduce carbon emissions throughout the supply chain, promoting green tire adoption, and incorporating eco-friendly practices into manufacturing processes. These initiatives align with consumer values and contribute to a greener future.

The global Passenger Car Green Tire Market is characterized by trends such as evolving tire technology, expanded product offerings, sustainable materials, run-flat and self-sealing tire innovations, connected tire technology, regulatory developments, consumer education, and corporate sustainability initiatives. These trends collectively shape the market's direction toward greener, more efficient, and eco-conscious tire solutions.

Segmental Insights

The market segmentation By Application yields valuable insights into consumer preferences. Within this category, all-season green tires stand out as versatile options favored by consumers seeking year-round efficiency and performance. These tires strike a balance between fuel efficiency and traction, making them popular for everyday driving. In contrast, summer green tires are engineered for warm-weather performance, focusing on reduced rolling resistance and enhanced fuel economy during the summer months. Meanwhile, winter green tires cater to environmentally conscious drivers in colder climates, offering an eco-friendly solution for snowy and icy conditions. This segmentation reflects the diversity of consumer needs and regional climate variations. Segmenting by vehicle type is crucial, as green tires cater to a wide range of automotive categories. Passenger cars, electric vehicles (EVs), hybrid vehicles, and even trucks and SUVs all play a role in the green tire market. Passenger cars, being the most common vehicle type, represent a significant portion of green tire adoption. However, EVs and hybrids prioritize low-rolling-resistance tires to maximize their efficiency and range, making them key segments for green tire manufacturers to target. Even trucks and SUVs, traditionally associated with higher fuel consumption, are increasingly adopting green tire technology to improve their environmental footprint. This segmentation highlights the adaptability of green tires across various vehicle types and the growing interest in sustainability within the automotive industry.

Understanding tire size preferences among consumers is essential for manufacturers and retailers. Green tires come in a wide range of sizes to accommodate different vehicles and driving needs. Smaller tire sizes are common in compact cars and city vehicles, where efficiency is highly valued. Medium-sized tires cater to a broader spectrum of passenger cars and crossovers, while larger tires are found on SUVs and trucks. Segmenting by tire size allows manufacturers to tailor their green tire offerings to match consumer demand accurately. Additionally, it reflects the varying requirements of drivers, from urban commuters to outdoor enthusiasts, within the passenger car market.

Analyzing the distribution channels through which green tires reach consumers provides insights into purchasing behavior. Green tires are typically available through tire dealerships, automotive retailers, online platforms, and even original equipment manufacturers (OEMs). Tire dealerships remain a primary source for consumers seeking expert advice and personalized recommendations. Automotive retailers and online platforms offer convenience and accessibility, appealing to tech-savvy buyers. OEMs, on the other hand, integrate green tires into their new vehicle models, introducing consumers to eco-friendly options from the outset. Understanding distribution channel preferences helps manufacturers and retailers optimize their marketing and sales strategies.

The segmental insights into the global Passenger Car Green Tire Market, including tire type, vehicle type, tire size, and distribution channels, provide a comprehensive understanding of consumer preferences, industry trends, and the diverse needs of eco-conscious drivers. These segments collectively shape the market's dynamics, allowing stakeholders to tailor their products and strategies to meet the evolving demands of environmentally responsible consumers.

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Regional Insights

The North American region, led by the United States and Canada, exhibits a growing interest in green tires. Environmental awareness and stringent emission standards have motivated consumers to consider eco-friendly tire options. All-season green tires are popular, given the diverse climate conditions across the continent. The region's robust automotive culture and consumers' increasing focus on sustainability make North America a key market for green tires. Additionally, government incentives and corporate sustainability initiatives further drive adoption in this region.

Europe is a dominant force in the global Passenger Car Green Tire Market, owing to its strong emphasis on sustainability and environmental responsibility. European consumers prioritize fuel-efficient vehicles, making green tires a natural choice. Germany showcases a thriving market for ultra-low-rolling-resistance green tires, given its automotive heritage and stringent emissions regulations. The European Union's tire labeling and environmental standards have contributed to the adoption of green tires, with consumers being well-informed about their benefits. Additionally, the shift toward electric vehicles (EVs) in Europe further emphasizes the importance of green tires for maximizing EV range.

The Asia-Pacific region, encompassing countries like China, Japan, and South Korea, is experiencing rapid growth in the green tire market. Rising environmental concerns, coupled with the increasing adoption of electric and hybrid vehicles, have driven demand for green tires. The diverse climate conditions across this region have led to a preference for all-season green tires. Manufacturers are focusing on customization, catering to a wide range of vehicle sizes and types. Asia-Pacific's burgeoning middle-class population and rising disposable income contribute to the market's expansion, making it a critical growth area for green tires. Latin America presents both opportunities and challenges in the green tire market. Countries like Brazil and Mexico exhibit growing interest in green tires, influenced by environmental awareness and regulatory initiatives. Economic fluctuations, however, can impact consumer spending on premium tires, including green options. The region's climate diversity, from tropical to temperate, necessitates the availability of all-season green tires to cater to varying weather conditions. Brands offering cost-effective green tire solutions often gain prominence in this market.

The Middle East and Africa region showcase a preference for green tires, particularly in countries like the United Arab Emirates, where luxury and sports cars are prevalent. The hot and dry climate favors summer green tires, emphasizing grip and stability. Run-flat technology is gaining traction due to the need for safety in extreme desert conditions. Sustainability is an emerging trend, with a growing interest in eco-friendly tire options to align with global environmental goals. Corporate fleets in the region also prioritize green tire adoption for cost savings and sustainability.

The regional insights into the global Passenger Car Green Tire Market highlight the diversity of consumer preferences, regulatory environments, and climate conditions across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regional nuances underscore the need for tire manufacturers to tailor their green tire offerings to cater to the specific demands of each market while promoting sustainability and eco-consciousness.

Recent Developments

In April 2023, according to producer JK Tyre & Industries in India, the UX Green passenger car tire offers performance comparable to that of a conventional tire while containing up to 80% sustainable, recycled, and renewable components. Additionally, the green tire leaves a smaller carbon footprint.
In September 2023, Conti City Plus concept tire premieres at IAA Mobility.

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 Vehicle Type	By Application	By Demand Category	By Region
SUV Sedan Hatchback MUV	On-road Off-road	OEM Replacement	North America Europe & CIS Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Passenger Car Green Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Passenger Car Green Tire Market, By Vehicle Type:

o SUV

o Sedan

o Hatchback

o MUV

Passenger Car Green Tire Market, By Application:

o On-road

o Off-road

Passenger Car Green Tire Market, By Demand Category:

o OEM

o Replacement

Passenger Car Green Tire Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Green Tire Market.

Available Customizations:

Global Passenger Car Green Tire 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 Passenger Car Green Tire 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 Passenger Car Green Tire Market

5. Global Passenger Car Green Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Volume & Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (SUV, Sedan, Hatchback, MUV)

5.2.2. By Application (On-road and Off-road)

5.2.3. By Demand Category (OEM, Replacement)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe & CIS Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

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

5.3. Global Passenger Car Green Tire Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Application Market Mapping & Opportunity Assessment

5.3.3. By Demand Category Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Passenger Car Green Tire Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Application Market Share Analysis

6.2.3. By Demand Category Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Passenger Car Green Tire Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Volume & Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle Type Market Share Analysis

6.3.1.2.2. By Application Market Share Analysis

6.3.1.2.3. By Demand Category Market Share Analysis

6.3.2. India Passenger Car Green Tire Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Volume & Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle Type Market Share Analysis

6.3.2.2.2. By Application Market Share Analysis

6.3.2.2.3. By Demand Category Market Share Analysis

6.3.3. Japan Passenger Car Green Tire Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Volume & Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle Type Market Share Analysis

6.3.3.2.2. By Application Market Share Analysis

6.3.3.2.3. By Demand Category Market Share Analysis

6.3.4. Indonesia Passenger Car Green Tire Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Volume & Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Vehicle Type Market Share Analysis

6.3.4.2.2. By Application Market Share Analysis

6.3.4.2.3. By Demand Category Market Share Analysis

6.3.5. Thailand Passenger Car Green Tire Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Volume & Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Vehicle Type Market Share Analysis

6.3.5.2.2. By Application Market Share Analysis

6.3.5.2.3. By Demand Category Market Share Analysis

6.3.6. South Korea Passenger Car Green Tire Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Volume & Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Vehicle Type Market Share Analysis

6.3.6.2.2. By Application Market Share Analysis

6.3.6.2.3. By Demand Category Market Share Analysis

6.3.7. Australia Passenger Car Green Tire Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Volume & Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Vehicle Type Market Share Analysis

6.3.7.2.2. By Application Market Share Analysis

6.3.7.2.3. By Demand Category Market Share Analysis

7. Europe & CIS Passenger Car Green Tire Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Application Market Share Analysis

7.2.3. By Demand Category Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Passenger Car Green Tire Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume & Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Application Market Share Analysis

7.3.1.2.3. By Demand Category Market Share Analysis

7.3.2. Spain Passenger Car Green Tire Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume & Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Application Market Share Analysis

7.3.2.2.3. By Demand Category Market Share Analysis

7.3.3. France Passenger Car Green Tire Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume & Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Application Market Share Analysis

7.3.3.2.3. By Demand Category Market Share Analysis

7.3.4. Russia Passenger Car Green Tire Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume & Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Application Market Share Analysis

7.3.4.2.3. By Demand Category Market Share Analysis

7.3.5. Italy Passenger Car Green Tire Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume & Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Application Market Share Analysis

7.3.5.2.3. By Demand Category Market Share Analysis

7.3.6. United Kingdom Passenger Car Green Tire Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume & Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Application Market Share Analysis

7.3.6.2.3. By Demand Category Market Share Analysis

7.3.7. Belgium Passenger Car Green Tire Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume & Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Application Market Share Analysis

7.3.7.2.3. By Demand Category Market Share Analysis

8. North America Passenger Car Green Tire Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Application Market Share Analysis

8.2.3. By Demand Category Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Mexico Market Share Analysis

8.2.4.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Passenger Car Green Tire Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume & Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Application Market Share Analysis

8.3.1.2.3. By Demand Category Market Share Analysis

8.3.2. Mexico Passenger Car Green Tire Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume & Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Application Market Share Analysis

8.3.2.2.3. By Demand Category Market Share Analysis

8.3.3. Canada Passenger Car Green Tire Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume & Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Application Market Share Analysis

8.3.3.2.3. By Demand Category Market Share Analysis

9. South America Passenger Car Green Tire Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Application Market Share Analysis

9.2.3. By Demand Category Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Argentina Market Share Analysis

9.2.4.3. Colombia Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Passenger Car Green Tire Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume & Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Application Market Share Analysis

9.3.1.2.3. By Demand Category Market Share Analysis

9.3.2. Colombia Passenger Car Green Tire Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume & Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Application Market Share Analysis

9.3.2.2.3. By Demand Category Market Share Analysis

9.3.3. Argentina Passenger Car Green Tire Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume & Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Application Market Share Analysis

9.3.3.2.3. By Demand Category Market Share Analysis

10. Middle East & Africa Passenger Car Green Tire Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Demand Category Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Turkey Market Share Analysis

10.2.4.2. Iran Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Africa

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Passenger Car Green Tire Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume & Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Application Market Share Analysis

10.3.1.2.3. By Demand Category Market Share Analysis

10.3.2. Iran Passenger Car Green Tire Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Volume & Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Application Market Share Analysis

10.3.2.2.3. By Demand Category Market Share Analysis

10.3.3. Saudi Arabia Passenger Car Green Tire Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume & Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Application Market Share Analysis

10.3.3.2.3. By Demand Category Market Share Analysis

10.3.4. UAE Passenger Car Green Tire Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Volume & Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Vehicle Type Market Share Analysis

10.3.4.2.2. By Application Market Share Analysis

10.3.4.2.3. By Demand Category 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 Vehicle Type

15.1.3. Target By Application

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Passenger Car Green Tire Market in 2022?

The Global Passenger Car Green Tire Market size reached USD 104.6 billion in 2022.

Which was the dominant segment By Demand Category in the Global Passenger Car Green Tire Market in 2022?

In the Demand Category segment of the global Passenger Car Green Tire Market, replacement tires stand out as the dominant force. Consumers are increasingly choosing green tires as replacements for their existing vehicles due to the numerous benefits they offer, such as improved fuel efficiency and reduced carbon emissions. This preference for green tire replacements reflects the growing awareness and commitment to sustainability among car owners worldwide, driving the demand for eco-friendly tire solutions.

Which is the dominant region in the Global Passenger Car Green Tire Market?

Europe emerges as the dominant region in the Global Passenger Car Green Tire Market. With a strong commitment to sustainability and stringent environmental regulations, European consumers prioritize fuel-efficient and eco-friendly tires. Countries like Germany, known for their automotive heritage, drive the demand for low-rolling-resistance green tires. Furthermore, the region's rapid adoption of electric vehicles (EVs) further accentuates the significance of green tires, making Europe a pivotal market for eco-conscious tire manufacturers and suppliers.

What are the major drivers for the Global Passenger Car Green Tire Market?

The major drivers of the Global Passenger Car Green Tire Market include growing environmental concerns, prompting a shift towards eco-friendly options, heightened consumer focus on fuel efficiency in response to rising fuel costs, and government regulations promoting sustainability through incentives and emissions standards compliance. These factors collectively contribute to the increasing adoption of green tires in the passenger car segment.

Related Reports

Srishti Verma

Business Consultant

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Press Release

Passenger Car Green Tire Market to Grow with a CAGR of 4.5% through 2028

Oct, 2023

Growing environmental concerns and prompting a shift towards eco-friendly options are the factors driving the Global Passenger Car Green Tire Market in the forecast period 2024-2028.

Passenger Car Green Tire Market – Global Industry Size, Share, Trends Opportunity, and Forecast 2018-2028. Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Application (On-road and off-road), By Demand Category (OEM, Replacement), By Region and By Competition

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