[106 Pages Report] green or low rolling resistance tires market was valued at USD 56.74 Billion in 2016 and is projected to reach USD 104.23 Billion by 2022, at a CAGR of 10.7% during the forecast period. This growth can be attributed to the increasing global initiatives for a green and clean environment. In addition, the rise in tire labeling standards and greater stress on improving vehicle efficiency is a major factor driving the green tires market.

Download Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100595227

Bridgestone (Japan), Goodyear Tire and Rubber (US), Michelin (France), Continental (Germany), and Hankook (South Korea) are the key players operating in the green tires market.

Green Tires Market, Based on Vehicle Type:

Passenger Cars
LCVs
Others
Green Tires Market, Based on Application:

On-Road
Off-Road
The passenger cars segment is the fastest-growing vehicle type segment of the green tires market.

Based on vehicle type, the passenger cars segment of the green tires market is projected to grow at the highest CAGR during the forecast period. Passenger cars lead the automotive production across the globe. The use of green tires in passenger cars has garnered industry-wide acceptance for the former’s performance and general characteristics. In recent years, automotive manufacturers have been focusing on enhancing the overall fuel efficiency of vehicles, which, in turn, has created the demand for fuel-efficient tires.

For More Info: https://www.marketsandmarkets.com/Market-Reports/green-tires-market-100595227.html

On-road application segment accounted for the largest share of the green tires market in 2016.

Based on application, the on-road application segment accounted for the largest share of the green tires market in 2016. On-road vehicles include passenger cars, LCVs, and trucks, which run on roads to transport passengers and goods from one place to another. The demand for on-road vehicles, such as passenger cars and LCVs is on the rise and is expected to drive the on-road application segment of the green tires market.

Europe is the largest market for green tires.

The European region is estimated to be the largest market for green tires, in terms of volume, in 2017. Germany is a key consumer of green tires in the European region. The increased use of green tires in passenger vehicles in the region has contributed to the growth of the Europe green tires market. New product launches & developments and expansions are the key growth strategies adopted by the leading manufacturers of green tires in the European region.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]