Precision Business Insights has published a report on the global green tires market, estimating its value at USD 139.7 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/green-tires-market

Market Definition:

Green tires are an innovative way to make car tires more environmentally friendly. They are made of sustainable resources including bio-based polymers, recycled rubber, and renewable oils, which reduces dependency on petroleum-based components. These tires also have low rolling resistance, which increases fuel efficiency and lowers carbon emissions.

Drivers:

1)      Consumer demand for fuel efficiency.

2)      Rise of electric vehicles.

The global green tires market segmentation:
1) By Vehicle Type: Passenger Car, Commercial Vehicle, and others.
2) By Material Type: Silica-based Tires, Natural Rubber-based Tires, Synthetic Rubber-based Tires, and Bio-based Tires.
3) By Tire Size: 15-inch, 16-inch, 17-inch, and 18-inch.
4) By Sales Channel: OEM and Aftermarket.

Regional Overview:
The report also examines the current concerns and their Future Effects on the green tires market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the green tires market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Michelin, Bridgestone Corporation, Hankook Tire, Pirelli & C. S.p.A., Zhongce Rubber Group Co., Ltd (ZC-Rubber), Continental AG, Nokian Tyres plc , The Goodyear Tire & Rubber Company, Cheng Shin Rubber Ind. Co. Lt. (Cheng Shin Tire), Kumho Tire.

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