Skip to content
  • World News
  • Business
  • Aviation
  • Military
  • Lifestyle
  • Real Estate
  • Auto
195 news

195News

All the news that's fit to print

  • World News
  • Business
  • Aviation
  • Military
  • Lifestyle
  • Real Estate
  • Auto
  • Toggle search form
  • Ford CEO Thinks Automotive Industry Is Headed For “A Shakeout” Aviation
  • 2022 Rivian R1S Customer Deliveries To Start In August Or September
    2022 Rivian R1S Customer Deliveries To Start In August Or September Aviation
  • Top Cheap Luxury Cars 2022 | Most Reliable Cars | Automotive News
    Top Cheap Luxury Cars 2022 | Most Reliable Cars | Automotive News Auto
  • Car News |  Super car for you, Sports car and rebellious hotgirl at Manila Auto Show Mias 2017
    Car News | Super car for you, Sports car and rebellious hotgirl at Manila Auto Show Mias 2017 Auto
  • Highest honour for military dog – BBC News
    Highest honour for military dog – BBC News Military
  • Plano Real Estate Market Update – June 2022 | Is The Market Going to Crash?
    Plano Real Estate Market Update – June 2022 | Is The Market Going to Crash? Real Estate
  • We Level Up to Launch New Veterans Residential Addiction Treatment Program
    We Level Up to Launch New Veterans Residential Addiction Treatment Program Military
  • The Raptoreum Project Creates ‘Feathered Corp’ for Growth & Partnerships
    The Raptoreum Project Creates ‘Feathered Corp’ for Growth & Partnerships Business
Green Tires Market Size Hit USD 239.13 Bn at CAGR of 10.6%, 2030

Green Tires Market Size Hit USD 239.13 Bn at CAGR of 10.6%, 2030

Posted on May 26, 2022 By NewsEditor
Green Tires Market Size Hit USD 239.13 Bn at CAGR of 10.6%, 2030

Reports And Data

Green Tires Market Size – USD 97.62 Billion in 2021, Market Growth – CAGR of 10.6%, Market Trends – increased focus on curbing environmental damage

NEW YORK, NY, UNITED STATES, May 24, 2022 /EINPresswire.com/ — Growing popularity and demand for fuel-efficient tires are propelling market growth.

The Global Green Tires Market size is estimated to reach USD 239.13 Billion from USD 97.62 Billion in 2021, delivering a CAGR of 10.6% through 2030. The market growth is driven by the growing awareness about environmental damage incurred by vehicular emissions and the cumulative amount of pollutants emitted by the automobile industry.

Increasing focus on curbing negative impacts on the environment and human health is fuelling the adoption of green tires. The fuel-efficient tires are gaining major popularity. In addition, a significant rise in the price of diesel and gasoline is prompting a shifting interest of automakers to green tires. Moreover, beneficial properties of green tires such as improved mileage and lower emissions will boost product adoption over the coming years.

The growth of autonomous vehicles and substitute powertrains (hybrid & electrical), coupled with the evolution of shared/fleet vehicle use, is also leading to increased green tire deployment. The integration of these tires over the traditional ones can significantly reduce carbon dioxide emissions. For instance, an annual reduction of up to 45 million tons of CO2 emissions could be realized in the United States alone with the addition of precipitated silica to tire treads. Growing consumer awareness and interest in sustainability is likely to reinforce green tires market trends through 2030.

Key players operating in the global green tires market are Gunze, Saint-Gobain S.A., Toray Industries Inc, Nitto Denko Corporation, The Chemours Company, DowDuPont, Teijin Ltd., Toyobo Co, Ltd, TDK Corporation, 3M Corporation, Mitsubishi Chemical Holding, O-film Tech Co Ltd, and Oike & Co. Ltd., among others.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1702

Further key findings from the report suggest

• Based on raw materials, the silica incorporated rubber segment is estimated to witness major demand in the coming years as the high silica content in the rubber permit tires to attain low rolling resistance, thereby reducing fuel consumption as well as harmful vehicular emissions.
• Based on the vehicle, the passenger vehicle segment accounted for a major revenue share in 2021 and is projected to maintain its market dominance with a CAGR of 10.7% over the forecast period.
• On the basis of application, the on-road vehicles segment is estimated to witness the fastest growth rate over the projected timeframe.
• Based on sales, the aftermarket sales segment dominated the green tires market share in 2021 and is likely to witness a growth rate of 10.5% over the analysis period.
• In the regional landscape, Europe contributed to the largest revenue share in 2021 and is forecast to exhibit a growth rate of 10.9% through 2030 on account of increasing vehicle production and sales with high per capita income in the region. Germany is a leading contributor to the green tires market share due to the presence of a large fleet of passenger vehicles in the country.
• The Asia Pacific region is set to witness a notable CAGR of 10.5% over the projected timeframe on account of the growth of middle classes and a significant increase in vehicle ownership in developing countries like India and China.
• North America is forecast to contribute significantly to the green tires market share, delivering a CAGR of 10.7% through 2030 on account of the presence of major automotive companies in the region.
• An on-demand car care technology & services company, Get Spiffy, Inc., announced in January 2020 the launch of its first green tire services for individuals in Raleigh-Durham and fleets across more than 20 markets.

To understand how our Green Tires Market can bring difference to your business strategy:- https://www.reportsanddata.com/download-summary-form/1702

For the purpose of this study, Reports and Data has segmented the global green tires market on the basis of raw materials, vehicle type, application, sales, and region:

Application Outlook (Revenue, USD Billion; 2019-2030)

• On-Road
• Off-Road

Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)

• Passenger Vehicles
• Commercial Vehicles
• Heavy Commercial Vehicles

Sales Channel Outlook (Revenue, USD Billion; 2019-2030)

• Original Equipment Manufacturer (OEM)
• Aftermarket

Raw Material Outlook (Revenue, USD Billion; 2019-2030)

• Silica Incorporated Rubber
• Butyl Rubber
• Silane Incorporated Rubber
• Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1702

 Key Advantages of Green Tires Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Green Tires industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Green Tires market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

Tushar Rajput
Reports and Data
+1 2127101370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

You just read:

News Provided By

May 24, 2022, 09:58 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.



Article originally published at https://www.einpresswire.com/article/573759734/green-tires-market-size-hit-usd-239-13-bn-at-cagr-of-10-6-2030-growing-popularity-demand-for-fuel-efficient-tires

Auto

Post navigation

Previous Post: How Norway’s government made electric cars irresistible
Next Post: US Navy and Marine Corps demonstrate “Mass Take Off New Concept involving F-35B Lightning II jets

Related Posts

  • Passenger Car Global Market To Grow At Rate Of 10% Through 2026
    Passenger Car Global Market To Grow At Rate Of 10% Through 2026 Auto
  • A Car Fuel Error: How To React?
    A Car Fuel Error: How To React? Auto
  • 3 Reasons Why Formula 1’s 2022 Engines Are Still Turbo-Hybrid V6s
    3 Reasons Why Formula 1’s 2022 Engines Are Still Turbo-Hybrid V6s Auto
  • Scott Disick Gifts Sofia Richie 0K Luxury Car for 21st Birthday | E! News
    Scott Disick Gifts Sofia Richie $200K Luxury Car for 21st Birthday | E! News Auto
  • Biden’s dream of an electric future faces an uphill battle. Here’s why
    Biden’s dream of an electric future faces an uphill battle. Here’s why Auto
  • Police find stolen luxury cars worth 0K behind  motel
    Police find stolen luxury cars worth $400K behind motel Auto

This news story originally appeared at Automotive - Reality Syndicate Viewers on26 May 2022

August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jul    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Acura ZDX Returns In 2024 As Brand’s First EVAugust 18, 2022
  • UK Housing Market: July 2022 – Where is the Crash?August 18, 2022
  • DESPERATE PUTIN IS SENDING INMATES AS FRESH CANNON FODDER IN UKRAINE || 2022August 18, 2022
  • Pakistani social entrepreneur Sophia Hussain takes over Silicon Valley in STEM, says her idol is Benazir Bhutto.August 18, 2022
  • 2022 IMSA Fastlane SportsCar WeekendAugust 18, 2022
how to promote press release
VUGA Enterprises - media group PR & Marketing
  • HONDA CITY HYBRID LAUNCH 2022 | 14TH APRIL | UPCOMING HONDA CITY HYBRID | UPCOMING CARS 2022
    HONDA CITY HYBRID LAUNCH 2022 | 14TH APRIL | UPCOMING HONDA CITY HYBRID | UPCOMING CARS 2022 Auto
  • ALLEN MEDIA STRATEGIES REMEMBERS THE LAST WORLD WAR II MEDAL OF HONOR RECIPIENT, HERSHEL “WOODY” WILLIAMS
    ALLEN MEDIA STRATEGIES REMEMBERS THE LAST WORLD WAR II MEDAL OF HONOR RECIPIENT, HERSHEL “WOODY” WILLIAMS Military
  • The 7 Signs of a Great Real Estate Market (2022)
    The 7 Signs of a Great Real Estate Market (2022) Real Estate
  • Johnny Depp CELEBRATES in the U.K. After Verdict Against Amber Heard
    Johnny Depp CELEBRATES in the U.K. After Verdict Against Amber Heard Lifestyle
  • The Truth about the Coming Housing Crash.
    The Truth about the Coming Housing Crash. Real Estate
  • 2022 Rivian R1S Customer Deliveries To Start In August Or September
    Hyundai Launches Driverless Ride Hailing Service In Korea Aviation
  • How to Declutter a Storage Unit In Nampa, Idaho
    How to Declutter a Storage Unit In Nampa, Idaho Real Estate
  • What You Need To Know
    What You Need To Know Aviation
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2022 195News.

| Part of VUGA Media Group | Fair Use | Terms of Use | Get Published