Automotive Green Tires Market Size & Share 2021 to 2027

Market Size by Vehicle (Passenger Car, Commercial Vehicles), by Application (On-road, Off-road), End User (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast.
Report ID: GMI5001
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Published Date: March 2021
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Report Format: PDF

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Automotive Green Tires Market Size

Automotive Green Tires Market size valued at USD 77.4 billion in 2020 and will grow at a CAGR of 11.4% from 2021 to 2027. Stringent regulations on tire labeling and emissions along with increasing sales of passenger cars and commercial vehicles will primarily drive green tire penetration in the automotive industry.
 

Green tires are high-performance tires that are formed using high dispersible silica. The Silica/Silane-system in tires offers excellent performance in handling, traction, and wet grip, improving driving safety. Several key characteristics of these tires include lightweight, reduced rolling resistance, CO2 emission & fuel consumption, long-life, and excellent durability, which makes them even suitable for off-road applications.
 

Automotive Green Tires Market Research Report

Increasing greenhouse emissions from tire manufacturing along with rising concerns on climate change and global warming will provide an opportunistic line for product demand in the sector. Application of green tires contributes to sustainable mobility as it reduces greenhouse gas emissions, rolling resistance by 30%, and fuel consumption by 5% to 7%. Moreover, a radical improvement in advanced materials and manufacturing technologies coupled with stringent regulation on tire manufacturing, such as the National Emission Standards for Hazardous Air Pollutants (NESHAP), Clean Air Act (CAA), etc., is likely to support market demand.
 

 

Volatile raw material prices and energy-intensive manufacturing and higher operational costs will hamper green tires market growth. Nevertheless, a positive outlook for automotive manufacturing and increasing demand for fuel-efficient tires and competencies among international manufacturers to improve tire efficiency & effectiveness will catalyze industry growth.
 

Automotive Green Tires Market Analysis

Passenger cars segment is expected to witness around 11% CAGR through 2027. Increasing sales of passenger cars owing to rising disposable income and mobility requirements with the frequent launch of passenger e-vehicles will drive product penetration. For instance, in December 2020, Toyota launched its ultracompact EV and the Luxgen’s launch, a fully electric vehicle by 2021 being one of the many announcements done by other major manufacturers will promote green tires demand.
 

The growing importance of product innovation, production capacities, and incorporation of new technologies along with the development in public road transport infrastructures will provide potential opportunities for market growth.
 

On-road automotive green tires market volume is projected to expand at more than 11.3% CAGR from 2021 to 2027. Increasing product demand in passenger cars and particularly light commercial vehicles is set to drive the market expansion. Rising e-commerce shipment & logistics services coupled with changing consumer lifestyles will primarily drive the demand in light commercial vehicles for weight and fuel optimization.
 

Increasing environmental concerns pertaining to fuel emissions and safety will also provide potential opportunities for segment growth. Furthermore, governmental regulations on on-road vehicle efficiency and emissions including Euro 6 (6/VI), BS-VI (BS6) will positively influence the automotive green tires industry growth through 2027.
 

  Automotive Green Tires Market, By End-user

In 2020, Original Equipment Manufacturers (OEMs) generated above USD 20 billion in automotive green tires market. Increasing automobile sales and the transition toward e-vehicles are among the prominent factors fueling green tire demand. OEMs deliver quick access to products through their global distribution network and ensure product quality & support services with a warranty, which signifies higher product life. Thus, long-standing relationships coupled with consumer preference for product quality, reliability, and after-sales services will strengthen the market growth.
 

  Automotive Green Tires Market, By Region

Asia Pacific dominated the automotive green tires market with over 395 million units in 2020. The dominance is mainly strengthened by the demand from China, India, and Japan. Increasing vehicle ownership due to rising disposable income and stringent pollution norms & policies proposed by various countries is poised to fuel regional market revenue.
 

APAC captured about 50% share in global automotive production in 2019. China, the largest automotive manufacturer across the globe, accounted for more than one-fourth of the global automotive sales during the same period. In the last few years, the region has transformed into an automotive hub as a majority of the leading automotive producers have shifted their manufacturing bases in the region. It can be ascribed to the availability of raw materials, robust economic development, increasing disposable income of the middle-class population, cost-effective labor, favorable government initiatives, and rising private & public investments in the region.
 

The fast-developing e-vehicles industry in India, China, and Japan will further augment the market revenue by 2027. In 2021, Tesla Inc., an electric car manufacturing giant, announced the expansion of its electric car manufacturing in Southern India.
 

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.

This market research report automotive green tires includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units and revenue in USD Million from 2017 to 2027 for the following segments:

Market, By Application

  • Passenger car
  • Commercial vehicles
  • Others

Market, By Application

  • On-road
  • Off-road

Market, By End-user

  • OEM
  • Aftermarket

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Thailand
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
       
Authors: Preeti Wadhwani, Aishvarya Ambekar
Automotive Green Tires Market Scope
  • Automotive Green Tires Market Size
  • Automotive Green Tires Market Trends
  • Automotive Green Tires Market Analysis
  • Automotive Green Tires Market Share

Report Content

Chapter 1.   Methodology & Scope

1.1.  Market definitions

1.2.  Base estimation & working

1.2.1. North America

1.2.2. Europe

1.2.3. Asia Pacific

1.2.4. Latin America

1.2.5. Middle East & Africa

1.3.  Forecast calculation

1.3.1. COVID-19 impact calculations on industry forecast

1.4.  Data sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1.    Paid sources

1.4.2.2.    Public sources

Chapter 2.   Executive Summary

2.1.  Automotive green tires market 3600 synopsis, 2017 – 2027

2.1.1. Business trends

2.1.2. Vehicle trends

2.1.3. Application trends

2.1.4. End-user trends

2.1.5. Regional trends

Chapter 3.   Automotive Green Tires Industry Insights

3.1.  Industry segmentation

3.2.  COVID-19 impact on industry

3.3.  Industry ecosystem analysis

3.3.1. Value addition at each stage

3.3.2. COVID-19 impact on value chain

3.3.3. End-user analysis

3.3.4. Vendor matrix

3.3.4.1.    List of key raw material suppliers

3.3.4.2.    List of key product manufacturers/suppliers

3.3.4.3.    List of potential customers

3.4.  Technology landscape

3.5.  Industry impact forces

3.5.1. Growth drivers

3.5.1.1.    Rising vehicle sales

3.5.1.2.    Growing product development & awareness among consumers

3.5.1.3.    Increasing range of e-vehicles

3.5.2. Industry pitfalls & challenges

3.5.2.1.    Fluctuating raw material prices

3.6.  Growth potential analysis

3.7.  Cost structure analysis

3.7.1. R&D cost

3.7.2. Raw material cost

3.7.3. Manufacturing & equipment cost

3.7.4. Distribution cost

3.7.5. Operating cost

3.7.6. Miscellaneous cost

3.8.  Porter's analysis

3.9.  Competitive landscape

3.9.1. Company market share analysis, 2020

3.9.2. Strategy dashboard

3.10.     PESTEL analysis

Chapter 4.    Automotive Green Tires Market By Vehicle

4.1.  Automotive green tires 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

4.4.  Others

4.4.1. Global other automotive green tires market estimate & forecast, 2017 – 2027

4.4.2. Global other automotive 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 automotive green tires market estimate & forecast, 2017 – 2027

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

6.3.  Aftermarket

6.3.1. Global aftermarket automotive green tires market estimate & forecast, 2017 – 2027

6.3.2. Global aftermarket automotive green tires market estimate & forecast, by region 2017 – 2027

Chapter 7.    Automotive Green Tires Market By Regional

7.1.  Automotive green tires market share by region, 2020 & 2027

7.2.  North America

7.2.1. North America automotive green tires market by vehicle, 2017 – 2027

7.2.2. North America automotive green tires market by application, 2017 – 2027

7.2.3. North America automotive green tires market by end-user, 2017 – 2027

7.2.4. U.S.

7.2.4.1.    U.S. automotive green tires market by vehicle, 2017 – 2027

7.2.4.2.    U.S. automotive green tires market by application, 2017 – 2027

7.2.4.3.    U.S. automotive green tires market by end-user, 2017 – 2027

7.2.5. Canada

7.2.5.1.    Canada automotive green tires market by vehicle, 2017 – 2027

7.2.5.2.    Canada automotive green tires market by application, 2017 – 2027

7.2.5.3.    Canada automotive green tires market by end-user, 2017 – 2027

7.3.  Europe

7.3.1. Europe automotive green tires market by vehicle, 2017 – 2027

7.3.2. Europe automotive green tires market by application, 2017 – 2027

7.3.3. Europe automotive green tires market by end-user, 2017 – 2027

7.3.4. Germany

7.3.4.1.    Germany automotive green tires market by vehicle, 2017 – 2027

7.3.4.2.    Germany automotive green tires market by application, 2017 – 2027

7.3.4.3.    Germany automotive green tires market by end-user, 2017 – 2027

7.3.5. UK

7.3.5.1.    UK automotive green tires market by vehicle, 2017 – 2027

7.3.5.2.    UK automotive green tires market by application, 2017 – 2027

7.3.5.3.    UK automotive green tires market by end-user, 2017 – 2027

7.3.6. France

7.3.6.1.    France automotive green tires market by vehicle, 2017 – 2027

7.3.6.2.    France automotive green tires market by application, 2017 – 2027

7.3.6.3.    France automotive green tires market by end-user, 2017 – 2027

7.3.7. Italy

7.3.7.1.    Italy automotive green tires market by vehicle, 2017 – 2027

7.3.7.2.    Italy automotive green tires market by application, 2017 – 2027

7.3.7.3.    Italy automotive green tires market by end-user, 2017 – 2027

7.3.8. Spain

7.3.8.1.    Spain automotive green tires market by vehicle, 2017 – 2027

7.3.8.2.    Spain automotive green tires market by application, 2017 – 2027

7.3.8.3.    Spain automotive green tires market by end-user, 2017 – 2027

7.3.9. Russia

7.3.9.1.    Russia automotive green tires market by vehicle, 2017 – 2027

7.3.9.2.    Russia automotive green tires market by application, 2017 – 2027

7.3.9.3.    Russia automotive green tires market by end-user, 2017 – 2027

7.4.  Asia pacific

7.4.1. Asia pacific automotive green tires market by vehicle, 2017 – 2027

7.4.2. Asia pacific automotive green tires market by application, 2017 – 2027

7.4.3. Asia pacific automotive green tires market by end-user, 2017 – 2027

7.4.4. China

7.4.4.1.    China automotive green tires market by vehicle, 2017 – 2027

7.4.4.2.    China automotive green tires market by application, 2017 – 2027

7.4.4.3.    China automotive green tires market by end-user, 2017 – 2027

7.4.5. India

7.4.5.1.    India automotive green tires market by vehicle, 2017 – 2027

7.4.5.2.    India automotive green tires market by application, 2017 – 2027

7.4.5.3.    India automotive green tires market by end-user, 2017 – 2027

7.4.6. Japan

7.4.6.1.    Japan automotive green tires market by vehicle, 2017 – 2027

7.4.6.2.    Japan automotive green tires market by application, 2017 – 2027

7.4.6.3.    Japan automotive green tires market by end-user, 2017 – 2027

7.4.7. South Korea

7.4.7.1.    South Korea automotive green tires market by vehicle, 2017 – 2027

7.4.7.2.    South Korea automotive green tires market by application, 2017 – 2027

7.4.7.3.    South Korea automotive green tires market by end-user, 2017 – 2027

7.4.8. Australia

7.4.8.1.    Australia automotive green tires market by vehicle, 2017 – 2027

7.4.8.2.    Australia automotive green tires market by application, 2017 – 2027

7.4.8.3.    Australia automotive green tires market by end-user, 2017 – 2027

7.4.9. Thailand

7.4.9.1.    Thailand automotive green tires market by vehicle, 2017 – 2027

7.4.9.2.    Thailand automotive green tires market by application, 2017 – 2027

7.4.9.3.    Thailand automotive green tires market by end-user, 2017 – 2027

7.4.10. Indonesia

7.4.10.1.    Indonesia automotive green tires market by vehicle, 2017 – 2027

7.4.10.2.    Indonesia automotive green tires market by application, 2017 – 2027

7.4.10.3.    Indonesia automotive green tires market by end-user, 2017 – 2027

7.5.  Latin America

7.5.1. Latin America automotive green tires market by vehicle, 2017 – 2027

7.5.2. Latin America automotive green tires market by application, 2017 – 2027

7.5.3. Latin America automotive green tires market by end-user, 2017 – 2027

7.5.4. Brazil

7.5.4.1.    Brazil automotive green tires market by vehicle, 2017 – 2027

7.5.4.2.    Brazil automotive green tires market by application, 2017 – 2027

7.5.4.3.    Brazil automotive green tires market by end-user, 2017 – 2027

7.5.5. Mexico

7.5.5.1.    Mexico automotive green tires market by vehicle, 2017 – 2027

7.5.5.2.    Mexico automotive green tires market by application, 2017 – 2027

7.5.5.3.    Mexico automotive green tires market by end-user, 2017 – 2027

7.6.  Middle East & Africa

7.6.1. Middle East & Africa automotive green tires market by vehicle, 2017 – 2027

7.6.2. Middle East & Africa automotive green tires market by application, 2017 – 2027

7.6.3. Middle East & Africa automotive green tires market by end-user, 2017 – 2027

7.6.4. South Africa

7.6.4.1.    South Africa automotive green tires market by vehicle, 2017 – 2027

7.6.4.2.    South Africa automotive green tires market by application, 2017 – 2027

7.6.4.3.    South Africa automotive green tires market by end-user, 2017 – 2027

7.6.5. Saudi Arabia

7.6.5.1.    Saudi Arabia automotive green tires market by vehicle, 2017 – 2027

7.6.5.2.    Saudi Arabia automotive green tires market by application, 2017 – 2027

7.6.5.3.    Saudi Arabia automotive green tires market by end-user, 2017 – 2027

7.6.6. UAE

7.6.6.1.    UAE automotive green tires market by vehicle, 2017 – 2027

7.6.6.2.    UAE automotive green tires market by application, 2017 – 2027

7.6.6.3.    UAE automotive green tires market by end-user, 2017 – 2027

Chapter 8.   Company Profiles

8.1.  Bridgestone Corporation

8.1.1. Business Overview

8.1.2. Financial Data

8.1.3. Product Landscape

8.1.4. Strategic Outlook

8.1.5. SWOT Analysis

8.2.  Michelin

8.2.1. Business Overview

8.2.2. Financial Data

8.2.3. Product Landscape

8.2.4. Strategic Outlook

8.2.5. SWOT Analysis

8.3.  The Goodyear Tire & Rubber Company

8.3.1. Business Overview

8.3.2. Financial Data

8.3.3. Product Landscape

8.3.4. Strategic Outlook

8.3.5. SWOT Analysis

8.4.  Hankook Tire

8.4.1. Business Overview

8.4.2. Financial Data

8.4.3. Product Landscape

8.4.4. Strategic Outlook

8.4.5. SWOT Analysis

8.5.  Pirelli & C. S.p.A.

8.5.1. Business Overview

8.5.2. Financial Data

8.5.3. Product Landscape

8.5.4. Strategic Outlook

8.5.5. SWOT Analysis

8.6.  Cheng Shin Rubber Ind. Co. Lt. (Cheng Shin Tire)

8.6.1. Business Overview

8.6.2. Financial Data

8.6.3. Product Landscape

8.6.4. Strategic Outlook

8.6.5. SWOT Analysis

8.7.  Kumho Tire

8.7.1. Business Overview

8.7.2. Financial Data

8.7.3. Product Landscape

8.7.4. Strategic Outlook

8.7.5. SWOT Analysis

8.8.  Zhongce Rubber Group Co., Ltd (ZC-Rubber)

8.8.1. Business Overview

8.8.2. Financial Data

8.8.3. Product Landscape

8.8.4. Strategic Outlook

8.8.5. SWOT Analysis

8.9.  Nokian Tyres Plc.

8.9.1. Business Overview

8.9.2. Financial Data

8.9.3. Product Landscape

8.9.4. Strategic Outlook

8.9.5. SWOT Analysis

8.10.    Shandong Linlong Tire

8.10.1.    Business Overview

8.10.2.    Financial Data

8.10.3.    Product Landscape

8.10.4.    Strategic Outlook

8.10.5.    SWOT Analysis

Authors: Preeti Wadhwani, Aishvarya Ambekar

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Premium Report Details

Base Year: 2020

Companies Profiled: 11

Tables and Figures: 223

Countries covered: 20

Pages: 175

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