Automotive Green Tires Market Poised for Robust Growth During 2018-2028

The Global Green Tires Market is expected to reach a valuation of USD 1, 52,409.2 Million with a vigorous CAGR of 20.63% by 2023, according to the latest research report from Market Research Future (MRFR).

The report examines the COVID-19 overview of the global green tires market and provides a detailed illustration of market segments, new technologies, growth forecasts, and market challenges.Green tires are made from renewable materials such as nylon rubber through a process that does not require an enormous amount of energy.

At present, these environmentally friendly raw materials are taken over conventional products due to advantages such as being lighter than conventional products, which result in a reduction in the total weight of the vehicle.Key Players                      Notable players in the global green tire market are Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire, Pirelli & C. S.p.A., Cheng Shin Rubber Ind.

Co. Lt. (Cheng Shin Tire), Kumho Tire, Zhongce Rubber Group Co., Ltd (ZC-Rubber), and Nokian Tyres plc.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6340 Market SegmentationBy the sales channel, the global green tire market has been segmented into OEM and aftermarket.

The aftermarket segment by both value and volume, captured the largest market share in 2017, as this segment witnessed a substantial increase in demand for green tire due to the increasing preference for green tire over conventional tire among OEMs and fleet owners to reduce vehicle operating costs.By vehicle type, the global green tires industry has been segmented into passenger car, commercial vehicle, and others.

The passenger car segment is predicted to witness the highest market share due to the growing focus of automobile manufacturers on reducing fuel consumption, either reducing CO2 emissions or increasing passenger car mileage.By application, the global green tires market has been segmented into on-road and off-road.

Global Automotive Tires MarketThe GMI Research speculates that the Automotive Tires Market is witnessing an upsurge in demand over the forecast period.

This is mainly due to the enlargement of the automotive sector, increasing development of infrastructure, and increasing competition among tire producers.Request a FREE Sample of Automotive Tires Market.Introduction of the Automotive Tires Market:An automotive tire refers to a circular component made up of a tensile, vigorous rubber casing affixed to the rim of a wheel.

In short, the tires impart a gripping surface for resistance between the road surface and vehicles and protection for the wheels of moving vehicles to minimize the influence of vibrations.

Key Players of the Market:The Goodyear Tire & Rubber CompanyContinental AGBridgestone CorporationTHE YOKOHAMA RUBBER CO., LTD.Toyo Tire CorporationMICHELINSumitomo Rubber Industries, Ltd.Pirelli & C. S.p.A.Hankook Tire & Technology Co., LtdCooper Tire & Rubber CompanyAutomotive Tires Market Dynamics The factors elevating the growth of the global automotive smart tires market include the increasing drift of tire manufacturers to produce feasible tires in order to fulfill the rigorous performance norms and the augmenting demand for superior tires.

Also, their fuelling demand as a result of mounting vehicle production throughout the nation and the execution of modernized technology across the production process, such as the inclusion of cumulative manufacturing & 3D printing, will further stimulate the Automotive Tires market size.

Moreover, the elevating sales of automotive across several developing nations as a result of the improvement in living standards and a boost in per-capita income has paved the way for global tire market size.Further, the accelerating penetration of electric vehicles because of the various government initiatives and amplifying apprehension towards the environment further contribute to the market growth.

Global Automotive Tires Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.

The report classifies the market into different segments.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Download Free Sample Report of Global Automotive Tires Market @ https://www.decisiondatabases.com/contact/download-sample-513The report also covers the complete competitive landscape of the global Automotive Tires market with company profiles of key players such as: MichelinPirelliBridgestoneContinentalHankookCooperNokian TyresYokohamaGoodyearTriangle GroupMaxxisUniroyalNexenBFGoodrichLEGO Group’sThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeBias TireRadial TireBy ApplicationCompact VehicleMid-Sized VehiclePremium VehicleLuxury VehicleCommercial VehiclesSUVBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaBrowse the complete Global Automotive Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/513-automotive-tires-market-report  The Global Automotive Tires Market has been exhibited in detail in the following chapters –Chapter 1 Automotive Tires Market Preface Chapter 2 Executive SummaryChapter 3 Automotive Tires Industry AnalysisChapter 4 Automotive Tires Market Value Chain AnalysisChapter 5 Automotive Tires Market Analysis By TypeChapter 6 Automotive Tires Market Analysis By ApplicationChapter 7 Automotive Tires Market Analysis By GeographyChapter 8 Competitive Landscape Of Automotive Tires CompaniesChapter 9 Company Profiles Of Automotive Tires IndustryPurchase the complete Global Automotive Tires Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-513Other Reports by DecisionDatabases.com:Global Racing Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global OTR Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Pneumatic Tires Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

Air pollution due to rising traffic problems has prompted the overwhelming support for the development of efficient automotive vehicles with minimum environmental impact.

Market Research Future has analyzed the global automotive green tires market in its new report for the forecast period from 2017 to 2023.

Green tires are a great option as they reduce the rolling resistance between the tire and surface of the road.

Companies have developed green tires which are highly safe and help in reducing emissions by being more fuel efficient.

Traditional tires are made from rubber, green tires are made from a number of raw materials including silane incorporated rubber, recycled rubber, and renewable raw materials to name a few.

The growing global consciousness for the environment among consumers and governments of various countries has prompted a huge and supportive demand for green tires, thus driving the growth of the market.

According to the new market research report "Automotive Tires Market for OE & Replacement by Rim Size (13-15, 16-18, 19-21,>21 inches), Replacement Market, by Aspect Ratio (70), Section Width (230 mm), Season, Vehicle Type, Retreading Market, and Region - Global Forecast to 2025" The tires replacement market is projected to grow at a CAGR of 1.8% to reach a market size of USD 113.1 billion by 2025 from 101.7 billion in 2019.

There are certain key innovators gaining attention in the Automotive Tires Market including CODA Development (Czech Republic), Kumho Tires (South Korea), and Nokian Tyres (Finland).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40166492“Passenger cars to be the largest vehicle type in the Automotive Tires Market for OE and Replacement.”Passenger car vehicle type is expected to dominate the Automotive Tires Market for OE and Replacement.

However, factors such as increased average replacement life of tires with the advancement in the technologies, and fluctuating raw material prices may hamper the tire demand in the aftermarket.“Light commercial vehicles to witness significant growth in the tires retreading market.”Retreading of tires has always been a popular concept with heavy commercial vehicles, but with time the potential benefits of using it for light commercial vehicles have been noticed.

On the other hand, according to Retread Tire Association, for large SUVs, a new set of four tires cost for around USD 1,000.

Almost 50% of the cost is saved by adopting retreading for light-duty vehicles.

Thus retreading suppliers are now focusing on light-duty vehicle retreading along with certain tire manufacturers entering into the retreading business, such as The Goodyear Tire & Rubber Company (U.S.) which has more than 1,700 tire retreading and service centers for commercial vehicles.Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=40166492“Asia-Oceania to grow at the highest CAGR during the forecast period for tires OE and replacement market.”Asia-Oceania is estimated to dominate the Automotive Tires Market for OE and Replacement.

Market Size – USD 80.48 billion in 2018, Market Growth - CAGR of 10.4%, Market Trends – Government initiatives to curb environmental damageThe global green tires market is expected to reach USD 178.07 Billion by 2026, according to a new report by Reports and Data.

The growing awareness about environmental damage instigated by the inroads and cars is likely to add to the industry growth in the forecast period.

The application of green tires helps in tackling the increasing scarcity of natural petroleum reserves as well as reducing the pollution globally.The Global Green Tires Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.

The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.

Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.The Green Tires market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.

This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.Get a PDF Sample report containing an In-Depth Industrial Analysis, along with 30 minutes of free consultation to address queries and provide guidance before purchase @ https://www.reportsanddata.com/sample-enquiry-form/1702Key participants: Bridgestone, Continental, Michelin, Goodyear, Hankook, Pirelli, Kumho, ZC Rubber, Nokian, and Cheng Shin Rubber, among others.Segmented the global green tires market on the basis of raw materials, vehicle type, application, sales, and region:Raw Materials Outlook (Volume, Thousand Units & Revenue, USD Million; 2016-2026)Silica Incorporated RubberButyl RubberSilane Incorporated RubberOthersVehicle Type Outlook (Volume, Thousand Units & Revenue, USD Million; 2016-2026)Passenger VehiclesCommercial VehiclesApplication Outlook (Volume, Thousand Units & Revenue, USD Million; 2016-2026)On-RoadOff-RoadSales Outlook (Volume, Thousand Units & Revenue, USD Million; 2016-2026)OEMAftermarketRegional Outlook (Volume, Thousand Units & Revenue, USD Million; 2016-2026)North AmericaEuropeAsia PacificLatin AmericaMEAAvail this report at Attractive Discount rates!

Global Automotive Tires MarketThe GMI Research speculates that the Automotive Tires Market is witnessing an upsurge in demand over the forecast period.

This is mainly due to the enlargement of the automotive sector, increasing development of infrastructure, and increasing competition among tire producers.Request a free sample of this reportIntroduction of the Automotive Tires Market:An automotive tire refers to a circular component made up of a tensile, vigorous rubber casing affixed to the rim of a wheel.

In short, the tires impart a gripping surface for resistance between the road surface and vehicles and protection for the wheels of moving vehicles to minimize the influence of vibrations.

Key Players of the Market:The Goodyear Tire & Rubber CompanyContinental AGBridgestone CorporationTHE YOKOHAMA RUBBER CO., LTD.Toyo Tire CorporationMICHELINSumitomo Rubber Industries, Ltd.Pirelli & C. S.p.A.Hankook Tire & Technology Co., LtdCooper Tire & Rubber CompanyAutomotive Tires Market Dynamics The factors elevating the growth of the global automotive smart tires market include the increasing drift of tire manufacturers to produce feasible tires in order to fulfil the rigorous performance norms and the augmenting demand for superior tires.

Also, their fuelling demand as a result of mounting vehicle production throughout the nation and the execution of modernized technology across the production process, such as the inclusion of cumulative manufacturing & 3D printing, will further stimulate the Automotive Tires market size.

Moreover, the elevating sales of automotive across several developing nations as a result of the improvement in living standards and a boost in per-capita income has paved the way for global tire market size.Further, the accelerating penetration of electric vehicles because of the various government initiatives and amplifying apprehension towards the environment further contribute to the market growth.

This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Tires E-Retailing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-tires-e-retailing-market/download-sampleMarket DynamicsThe global automotive tires e-retailing market will continue to grow at a healthy rate during the forecast period.

The growing penetration of digital devices and ease of shopping virtually and conveniently presenting a more comprehensive automotive product portfolio remains the primary influencer of the automotive tires e retailing market worldwide.

The growing vehicle owners and production of automobiles in emerging Asia Pacific, Middle East, and Latin America continue to contribute to overall growth.

Meanwhile, some people do not prefer buying online due to the intangible nature of the business, online payment frauds or issues, late or inaccurate delivery.

All of this contributes to significant hindrance.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.