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Global Green Tires Market: 

Vehicles are among the most prolific contributors to air pollution due to their large-scale use of fossil fuels. Even though individual vehicles do not produce a large amount of pollutants, their global popularity means that the cumulative contribution of the automotive sector is enormously high. Tires constitute one of the crucial components of a vehicle in terms of determining the amount of pollutants released by the vehicle. The rolling resistance of a vehicle, i.e. the friction between the tires and the surface, is crucial in this respect. The higher the rolling resistance of a vehicle, the more energy it requires to overcome the friction, and the more pollutants it releases.

Due to the crucial contribution of automotive tires in the pollution caused by the vehicle, green tires have been conceptualized and designed. Green tires aim to reduce the rolling resistance of vehicles to a point where the amount of pollutants is kept in check, but the reduction in friction is not dangerous for the drivers.

The report examines the global green tires market from every angle, in order to compile a precise and comprehensive overview of the market. Readers are provided data regarding the market’s past performance in different regions, the performance of the various types of tires on offer in the global green tires market, as well as an overview of the competitive landscape of the green tires market. The 360-degree analysis provided in the report will help readers formulate beneficial strategies keeping in mind the direction the global green tires market is expected to take in the coming years.

Global Green Tires Market: Key Trends and Opportunities

The primary driver for the global green tires market is the rising acknowledgment of the environmental damage caused by cars and the inroads that can be made into it by changing the way tires are designed. Not only is the cumulative amount of pollutants released by vehicles harmful for the environment as well as human health, but the problem is also compounded by the rising scarcity of natural petroleum reserves. While incorporation of green tires is, in relative terms, a small step toward reducing the global threat of pollution, it is a necessary step and, more importantly, an easily implementable step.

The global green tires market has also been propelled by the increasingly common occurrence of governments and people being united in their support for environmental conservation and protection measures. The rising environmental awareness among the global population has increased the preference for green tires among private automobile owners and commercial fleet owners, while several governments have incentivized the usage of green tires.

On the other hand, the prime restraint acting on the global green tires market is the lack of technological knowhow about the development of green tires. While many companies have stepped up their research efforts to reduce their ecological footprint, green tires are very much a low-priority product for most tire manufacturers. This situation will take some time to change despite public and governmental support, owing to the popularity of regular tires.

Global Green Tires Market: Geographical Overview

The global green tires market originated in Europe, where the use of silica in tire treads laid the foundation of the market in the 1990s. The region is still the dominant market for green tires and is among the major research hubs. North America has also been quick to incorporate green automotive technologies and the market for green tires in the region is now second only to Europe.

Europe and North America will remain the two largest regional markets for green tires due to the strong presence of preeminent automotive giants such as Mercedes, BMW, Audi, Volkswagen, Ford, and GM. The dynamic automotive industry in Asia Pacific is expected to drive the green tires market in countries such as Japan, China, and India in the coming years.

Major companies in the global green tires market include Goodyear Tire and Rubber Co., Pirelli Tyre S.p.A., Michelin North America Inc., PPG Industries Inc., and Bridgestone.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Green Tires Market

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