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Automotive Green Tires Market Share

Report ID: GMI5001
Published Date: Mar 2021
Report Format: PDF

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Automotive Green Tires Market Share

Automotive green tire manufacturers are constantly investing in product innovation, research & development, mergers & acquisitions, and geographic expansion to attain a competitive edge in the market. In July 2019, Bridgestone Corporation introduced Enliten, a newly advanced lightweight tire technology, which reduces the tire’s rolling resistance by up to 20% and also contributes to lower CO₂ emissions & fuel consumption.

The key automotive green tires market participants include

Bridgestone
The Goodyear Tire & Rubber Company
Michelin
Hankook Tire
Continental AG
Pirelli & C. S.p.A.
Cheng Shin Rubber Ind. Co.
Zhongce Rubber Group Co.
Kumho Tire
Nokian Tyres Plc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The automotive green tires industry size exceeded USD 77.4 billion in terms of revenue in 2020 and will rise at a CAGR of 11.4% up to 2027 owing to the formation of stringent regulations on tire labeling and emissions as well as the higher sales of passenger cars and commercial vehicles.

The industry size of automotive green tires from the passenger cars application segment could observe an 11% CAGR in the next few years driven by the rising sales of passenger cars and higher disposable incomes of consumers.

The market volume of on-road automotive green tires is expected to expand at over 11.3% CAGR through 2027 due to the surging demand for passenger cars and light commercial vehicles.

The industry share from Original Equipment Manufacturers (OEMs) reached USD 20 billion in 2020 and will grow with the rising sales and preference for e-vehicles.

Asia Pacific market revenue valued at over 395 million units in 2020 and will expand with the growing vehicle ownership and disposable incomes across the region.