Green Tires Market Size, Share & Trends Analysis Report By Vehicle Type (Light Commercial Vehicles, Passenger Cars), By Application Type (On Road, Off Road), By Region (North America, Europe), And Segment Forecasts, 2024

The global green tires market size is anticipated to reach USD 272.7 million by 2030, registering a CAGR of 11.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. A global shift towards sustainability and environmental consciousness leads consumers and businesses to seek eco-friendly alternatives in various products, including tires. The rising concern for environmental issues such as climate change and pollution has driven the demand for eco-friendly tires.

Governments and regulatory bodies support eco-friendly tires through subsidies, tax breaks, and incentives, which also contribute to their increased adoption in the market, particularly in terms of braking performance. Government policies and regulations promoting sustainability and safety standards encourage using low-rolling resistance tires that are more environmentally friendly. These regulations include requirements for improved braking distances and overall vehicle safety, pushing manufacturers to develop green tire solutions that improve braking performance while reducing carbon emissions.

Green tires are specifically designed to increase fuel efficiency, which can result in long-term cost savings for consumers. These tires generally have lower rolling resistance, improving fuel economy, reducing carbon emissions, and making them an attractive option for environmentally aware individuals and businesses.

Green Tires Market Report Highlights:

Based on vehicle type, the passenger car segment held the largest market share of 62.4% in 2023. The shift towards electric and hybrid vehicles within the passenger car segment provides additional opportunities for green tire manufacturers, as these vehicles prioritize energy efficiency and environmental sustainability, creating demand for tires that complement their eco-friendly characteristics.
The on road segment is expected to witness the fastest growth over the forecast period. Green tires offer numerous benefits, such as lower rolling resistance, increased energy efficiency, and the use of recycled materials, making them an attractive choice for both consumers and manufacturers.
Based on region, the Asia Pacific region dominated the market due to factors such as rising consumer awareness, government regulations, increasing technological advancements, and affordable tire costs.
In December 2022, Geocycle LLC acquired CM Rubber Technologies, Inc. This acquisition enabled Geocycle to offer a sustainable waste management solution in Northern Michigan. It involves co-processing used tires to recover energy and reduce waste sent to landfills. Moreover, it ensures a consistent supply of low-emission fuels for the Alpena cement plant in Michigan, U.S.

Product Code: GVR-4-68040-270-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
- 1.1.1. Vehicle Type
- 1.1.2. Application Type
- 1.1.3. Regional Scope
- 1.1.4. Estimates and Forecasts Timeline
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
- 2.1.1. Vehicle Type Outlook
- 2.1.2. Application Type Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Green Tires Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
  - 3.4.1.1. Increasing demand for sustainable mobility solutions
  - 3.4.1.2. Government incentives and subsidies for eco-friendly initiatives
- 3.4.2. Market Restraints Analysis
  - 3.4.2.1. Regulatory uncertainty or inconsistency regarding environmental standards and labeling
- 3.4.3. Industry Opportunities
  - 3.4.3.1. The transition towards electric and hybrid vehicles
- 3.4.4. Industry Challenges
3.5. Green Tires Market Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
  - 3.5.1.1. Bargaining power of the suppliers
  - 3.5.1.2. Bargaining power of the buyers
  - 3.5.1.3. Threats of substitution
  - 3.5.1.4. Threats from new entrants
  - 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
  - 3.5.2.1. Political landscape
  - 3.5.2.2. Economic and Social landscape
  - 3.5.2.3. Technological landscape
  - 3.5.2.4. Environmental landscape
- 3.5.3. Legal landscape

Chapter 4. Green Tires Market: Vehicle Type Estimates & Trend Analysis

4.1. Vehicle Type Movement Analysis & Market Share, 2023 & 2030
4.2. Green Tires Market Estimates & Forecast, By Vehicle Type, 2018 - 2030 (USD Million)
4.3. Light Commercial Vehicles
- 4.3.1. Light Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Passenger Cars
- 4.4.1. Passenger Cars Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Heavy Trucks
- 4.5.1. Heavy Trucks Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Buses & Coaches
- 4.6.1. Buses & Coaches Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Green Tires Market: Application Type Estimates & Trend Analysis

5.1. Application Type Movement Analysis & Market Share, 2023 & 2030
5.2. Green Tires Market Estimates & Forecast, By Application Type, 2018 to 2030 (USD Million)
5.3. On Road
- 5.3.1. On Road Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Off Road
- 5.4.1. Off Road Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Green Tires Market: Regional Estimates & Trend Analysis

6.1. Regional Movement Analysis & Market Share, 2023 & 2030
6.2. North America
- 6.2.1. North America Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Europe Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Germany
  - 6.3.2.1. Germany Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Italy
  - 6.3.3.1. Italy Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. Spain
  - 6.3.4.1. Spain Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5. UK
  - 6.3.5.1. UK Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
  - 6.4.2.1. China Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. India
  - 6.4.3.1. India Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Japan
  - 6.4.4.1. Japan Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
  - 6.4.5.1. Germany Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Central and South America
- 6.5.1. Central and South America Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. UAE
  - 6.6.3.1. UAE Green Tires Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Green Tires Market - Competitive Landscape

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map/Position Analysis, 2023
7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Mergers & Acquisition
- 7.4.3. Partnerships & Collaborations
- 7.4.4. New Product Launches
- 7.4.5. Research And Development
7.5. Company Profiles
- 7.5.1. APOLLO TYRES LTD
  - 7.5.1.1. Participant's Overview
  - 7.5.1.2. Financial Performance
  - 7.5.1.3. Product Benchmarking
  - 7.5.1.4. Recent Developments
- 7.5.2. Bridgestone Corporation
  - 7.5.2.1. Participant's Overview
  - 7.5.2.2. Financial Performance
  - 7.5.2.3. Product Benchmarking
  - 7.5.2.4. Recent Developments
- 7.5.3. CANADIAN TIRE
  - 7.5.3.1. Participant's Overview
  - 7.5.3.2. Financial Performance
  - 7.5.3.3. Product Benchmarking
  - 7.5.3.4. Recent Developments
- 7.5.4. Continental AG
  - 7.5.4.1. Participant's Overview
  - 7.5.4.2. Financial Performance
  - 7.5.4.3. Product Benchmarking
  - 7.5.4.4. Recent Developments
- 7.5.5. GRI Tires
  - 7.5.5.1. Participant's Overview
  - 7.5.5.2. Financial Performance
  - 7.5.5.3. Product Benchmarking
  - 7.5.5.4. Recent Developments
- 7.5.6. JK TYRE & INDUSTRIES LTD
  - 7.5.6.1. Participant's Overview
  - 7.5.6.2. Financial Performance
  - 7.5.6.3. Product Benchmarking
  - 7.5.6.4. Recent Developments
- 7.5.7. MICHELIN
  - 7.5.7.1. Participant's Overview
  - 7.5.7.2. Financial Performance
  - 7.5.7.3. Product Benchmarking
  - 7.5.7.4. Recent Developments
- 7.5.8. MRF Tyres
  - 7.5.8.1. Participant's Overview
  - 7.5.8.2. Financial Performance
  - 7.5.8.3. Product Benchmarking
  - 7.5.8.4. Recent Developments
- 7.5.9. Nokian Tyres plc.
  - 7.5.9.1. Participant's Overview
  - 7.5.9.2. Financial Performance
  - 7.5.9.3. Product Benchmarking
  - 7.5.9.4. Recent Developments
- 7.5.10. Pirelli & C. S.p.A.
  - 7.5.10.1. Participant's Overview
  - 7.5.10.2. Financial Performance
  - 7.5.10.3. Product Benchmarking
  - 7.5.10.4. Recent Developments
- 7.5.11. RPG Group (CEAT tires)
  - 7.5.11.1. Participant's Overview
  - 7.5.11.2. Financial Performance
  - 7.5.11.3. Product Benchmarking
  - 7.5.11.4. Recent Developments
- 7.5.12. The Goodyear Tire & Rubber Company
  - 7.5.12.1. Participant's Overview
  - 7.5.12.2. Financial Performance
  - 7.5.12.3. Product Benchmarking
  - 7.5.12.4. Recent Developments
- 7.5.13. THE YOKOHAMA RUBBER CO., LTD.
  - 7.5.13.1. Participant's Overview
  - 7.5.13.2. Financial Performance
  - 7.5.13.3. Product Benchmarking
  - 7.5.13.4. Recent Developments
- 7.5.14. Toyo Tire Corporation
  - 7.5.14.1. Participant's Overview
  - 7.5.14.2. Financial Performance
  - 7.5.14.3. Product Benchmarking
  - 7.5.14.4. Recent Developments

Product Code: GVR-4-68040-270-1

List of Tables

Table 1 List of Abbreviations
Table 2 Green Tires Market 2018 - 2030 (USD Million)
Table 3 Global Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 4 Global Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 5 North America Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 6 North America Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 7 U.S. Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 8 U.S. Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 9 Canada Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 10 Canada Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 11 Mexico Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 12 Mexico Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 13 Europe Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 14 Europe Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 15 France Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 16 France Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 17 Germany Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 18 Germany Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 19 Italy Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 20 Italy Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 21 Spain Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 22 Spain Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 23 UK Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 24 UK Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 25 Rest of Europe Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 26 Rest of Europe Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 27 Asia Pacific Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 28 Asia Pacific Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 29 China Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 30 China Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 31 India Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 32 India Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 33 Japan Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 34 Japan Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 35 South Korea Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 36 South Korea Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 37 Central and South America Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 38 Central and South America Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 39 Brazil Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 40 Brazil Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 41 Rest of Central and South America Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 42 Middle East and Africa Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 43 Middle East and Africa Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 44 Saudi Arabia Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 45 Saudi Arabia Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 46 UAE Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 47 UAE Green Tires Market by Application Type, 2018 - 2030 (USD Million)
Table 48 Rest of Middle East and Africa Green Tires Market by Vehicle Type, 2018 - 2030 (USD Million)
Table 49 Rest of Middle East and Africa Pacific Green Tires Market by Application Type, 2018 - 2030 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Information Procurement
Fig. 7 Market Formulation and Validation
Fig. 8 Data Validating & Publishing
Fig. 9 Green Tire Market Snapshot
Fig. 10 Segment Snapshot (1/2)
Fig. 11 Segment Snapshot (1/2)
Fig. 12 Competitive Landscape Snapshot
Fig. 13 Parent market outlook
Fig. 14 Green Tires Market Value, 2023 (USD Million)
Fig. 15 Green Tires Market - Value Chain Analysis
Fig. 16 Green Tires Market - Price Trend Analysis 2018 - 2030 (USD Million)
Fig. 17 Green Tires Market - Market Dynamics
Fig. 18 Green Tires Market - Porter's Five Forces Analysis
Fig. 19 Green Tires Market - PESTEL Analysis
Fig. 20 Green Tires Market Estimates & Forecasts, By Vehicle Type: Key Takeaways
Fig. 21 Green Tires Market Share, By Vehicle Type, 2023 & 2030
Fig. 22 Light Commercial Vehicle Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 23 Passenger Cars Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 Heavy Trucks Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 25 Buses & Coaches Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 26 Green Tires Market Estimates & Forecasts, By Application Type: Key Takeaways
Fig. 27 Green Tires Market Share, By Application Type, 2023 & 2030
Fig. 28 On Road Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 29 Off Road Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 30 Green Tires Market Revenue, By Region, 2023 & 2030 (USD Million)
Fig. 31 North America Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 32 U.S. Global Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 33 Canada Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 34 Mexico Global Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Europe Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 France Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Germany Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Italy Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 Spain Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 UK Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Asia Pacific Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 China Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 India Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 Japan Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 South Korea Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 Central and South America Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Brazil Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 Middle East and Africa Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 Saudi Arabia Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 UAE Green Tires Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 Key Company Categorization
Fig. 52 Company Market Positioning
Fig. 53 Strategy Mapping

Green Tires Market Size, Share & Trends Analysis Report By Vehicle Type (Light Commercial Vehicles, Passenger Cars), By Application Type (On Road, Off Road), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030

Description

Table of Contents

List of Tables

Green Tires Market Growth & Trends:

Green Tires Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Green Tires Market Variables, Trends, & Scope

Chapter 4. Green Tires Market: Vehicle Type Estimates & Trend Analysis

Chapter 5. Green Tires Market: Application Type Estimates & Trend Analysis

Chapter 6. Green Tires Market: Regional Estimates & Trend Analysis

Chapter 7. Green Tires Market - Competitive Landscape

List of Tables

List of Figures