Automotive Green Tires Market Growth Trends, Opportunities and Competitive Landscape Outlook to 2027
Category: #business  By Ronak Bora  Date: 2021-08-05
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Automotive Green Tires Market Growth Trends, Opportunities and Competitive Landscape Outlook to 2027

Latin America automotive green tires market is slated to depict a remarkable growth rate of more than 10.5% between 2021 and 2027. Escalating demand for larger vehicle fleet to enhance the economies of scale in the logistics sector has propelled the demand for heavy trailers and trucks. Enhancement in the global construction and infrastructure industry over the years to meet the rising demands of the people along with the positive outlook in the mining sector will drive the adoption of automotive green tires.

The rise in regulations related to vehicle emission levels along with the growing popularity of eco-friendly and sustainable vehicles is expected to boost the automotive green tires market share in the coming years. Notably, a green tire is retreadable, lightweight, and sensibly dimensioned with reduced rolling resistance, enhanced shelf-life, and a high fuel-efficiency.

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These tires are designed and developed with the help of renewable materials. The manufacturing process does not require excessive energy and also does not generate high waste and pollution. Reports estimate that the global automotive green tires market could cross USD 175 billion in terms of total valuation by 2027.

There is a growing sale of SUV vehicles worldwide owing to several benefits like the high center of gravity, rigid look, ground clearance, high H-point, and many others. The rising eminence of improved mobility vehicles for use in the construction and agriculture industry and the rise in number of adventure parks and trails will also boost the sale of green tires in the SUV- vehicle segment.

Many policies have been drafted in Europe to improve the efficiency of vehicles, increasing the adoption of electric cars and complementing the regional consumption of the product. Germany and France in particular boast of a robust automobile sector with many leading companies like Audi, Fiat, BMW, Ferrari, among various others. This will benefit the overall automotive green tire market size in Europe.

Original Equipment Manufacturers or OEMs account for a significant share of the market as they enter into partnerships or multi-year contracts with raw material suppliers, ensuring a continuous supply chain. OEMs follow a collaborative procedure and mainly focus on the research and development to produce green tires that meet the emission norms.

Automotive green tire companies are actively working towards enhancing their market offerings to meet the changing, sustainable automobile needs. Industry manufacturers include Hankook Tire, Continental AG, The Goodyear Tire & Rubber Company, Zhongce Rubber Group Co., Nokian Tyres Plc., and Kumho Tire, among various others.

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Partial Chapter of the Table of Content

Chapter 4.    Automotive Green Tires Market By Vehicle

4.1.  Market share by vehicle, 2020 & 2027

4.2.  Passenger car

4.2.1. Global passenger car green tires market estimate & forecast, 2017 – 2027

4.2.2. Global passenger car green tires market estimate & forecast, by region 2017 – 2027

4.3.  Commercial

4.3.1. Global commercial green tires market estimate & forecast, 2017 – 2027

4.3.2. Global commercial green tires market estimate & forecast, by region 2017 – 2027

Chapter 5.    Automotive Green Tires Market By Application

5.1.  Automotive green tires market share by application, 2020 & 2027

5.2.  On-road

5.2.1. Global on-road green tires market estimate & forecast, 2017 – 2027

5.2.2. Global on-road green tires market estimate & forecast, by region 2017 – 2027

5.3.  Off-road

5.3.1. Global off-road green tires market estimate & forecast, 2017 – 2027

5.3.2. Global off-road green tires market estimate & forecast, by region 2017 – 2027

Chapter 6.    Automotive Green Tires Market By End-user

6.1.  Automotive green tires market share by end-user, 2020 & 2027

6.2.  OEM

6.2.1. Global OEM market estimate & forecast, 2017 – 2027

6.2.2. Global OEM automotive green tires industry estimate & forecast, by region 2017 – 2027

6.3.  Aftermarket

6.3.1. Global aftermarket estimate & forecast, 2017 – 2027

6.3.2. Global aftermarket estimate & forecast, by region 2017 – 2027

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-green-tires-market

 

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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