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The automotive green tires market size is forecast to increase by USD 167.5 billion at a CAGR of 18.58% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of electric vehicles (EVs) and hybrid vehicles, which require tires with low rolling resistance to minimize energy consumption and reduce CO2 emissions. Additionally, the logistics industry is shifting towards compressed natural gas (CNG) and liquefied natural gas (LNG) vehicles, leading to an increased demand for fuel-efficient tires. Original Equipment (OE) manufacturers are focusing on developing green tires to meet the evolving needs of the automotive industry. Companies such as Goodyear, and Pirelli are investing in research and development to produce tires with improved fuel efficiency and reduced environmental impact. Moreover, rim size is also a crucial factor in tire selection, as larger rims can increase rolling resistance and decrease fuel economy. The high affordability and low maintenance cost of green tires, coupled with the need to comply with stringent emissions regulations, are driving market growth. However, tire companies face high-cost pressures to maintain competitive pricing, which may hinder market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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