Global green tires market is anticipated to grow at a significant CAGR of 12.0% during the forecast period (2024-2031). The green tire industry focuses on producing and selling environmentally friendly tires. These tires are designed to minimize their environmental impact throughout their lifecycle, from manufacturing to disposal, while maintaining performance, safety, and durability. Key characteristics include reduced rolling resistance, innovative materials, advanced tire designs, longer lifespan, and recyclability. The market is driven by regulatory requirements, consumer preferences, tire technology advancements, corporate sustainability initiatives, and incentives for reducing carbon emissions and resource consumption.
Browse the full report description of “Green Tires Market Size, Share & Trends Analysis Report by Vehicle Type (Light Commercial Vehicles, Passenger Cars, Heavy Trucks, Buses & Coaches), by Application (On Road, Off-Road), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/green-tires-market
For instance, in July 2022, the Union Ministry of Road Transport and Highways of India initiated a regulation for rolling resistance, wet grip, and rolling sound emissions for tires categorized under passenger cars, light trucks, and trucks and buses. This notification aligns India with European standards and focuses on enhancing fuel efficiency, braking performance, and minimizing vehicle noise emissions.
Further, in January 2024, Toyo Tires developed a concept tire that utilizes 90% sustainable materials, displaying a significant growth in the tire industry towards environmentally friendly solutions.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Vehicle Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape-GRI Tires, JK Tyre & Industries Ltd, Michelin, MRF Tyres, Nokian Tyres plc., Pirelli & C. S.p.A., RPG Group (CEAT tires), among others.
Key questions addressed by the report.
Global Green Tires Market Report Segment
By Vehicle Type
By Application
Global Green Tires Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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