PUBLISHER: BCC Research | PRODUCT CODE: 1517526
PUBLISHER: BCC Research | PRODUCT CODE: 1517526
The global market for green tires is expected to grow from $88.2 billion in 2024 and is projected to reach $152.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
The European market for green tires is expected to grow from $37.0 billion in 2024 and is projected to reach $65.3 billion by the end of 2029, at a CAGR of 12.0% during the forecast period of 2024 to 2029.
The North American market for green tires is expected to grow from $27.1 billion in 2024 and is projected to reach $44.5 billion by the end of 2029, at a CAGR of 10.5% during the forecast period of 2024 to 2029.
This report analyzes the global green tires market by segmenting it based on vehicle type and sales channel. These market segments are further analyzed at the global and regional levels. The base year for this analysis is 2023, and market estimates and forecasts are given for 2024 through 2029. The market estimates are provided in terms of revenue (millions of U.S. dollars).
On the basis of vehicle type, the market is segmented into passenger vehicles, commercial vehicles and other vehicles such as two-wheelers, agriculture vehicles, mining vehicles, etc. The passenger vehicle segment dominates the overall market. Based on sales channel, the market is segmented into OEM (original equipment manufacturer) and aftermarket.