Global Green Tire Market Research Report: Information by Sales Channel (Aftermarket and OEM), Vehicle Type (Passenger Car, Commercial Vehicle, and Others), Application (On-Road and Off-Road), and Region - Forecast till 2023
The global green tire market is relied upon to observe quick development during the gauge time frame. Europe is required to be the commanding district in the green tire market attributable to the nearness of driving global green tire producers, for example, Michelin, Continental AG, and Nokian Tires plc. These organizations are putting forth minimal effort and innovatively propelled green tires for expanding their piece of the pie, which is adding to the expanding utilization of green tires, all through the district. The ceaselessly rising interest for superior tires, particularly for substitution tires, is required to make rewarding chances to the green tire advertise during the conjecture time frame. Alongside this, increment in the clearance of the traveler autos and business vehicles, stringent government guidelines with respect to tire marking and emanations, and the expanding interest for eco-friendly tires are expected to further propel market growth. The global green tire market in terms of value is projected to register a growth rate of 20.63% CAGR during the forecast period 2017- 2023.
The global green tire market is classified on the basis of its vehicle type, application, sales channel, and regional demand. On the basis of its vehicle type, the global green tire market is divided into commercial vehicle, passenger car, and others. Based on its sales channel, the global green tire market is segmented into aftermarket and OEM. Based on its application, the global green tire market is bifurcated into off-road and on-road.
Geographically, the global green tire market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Zhongce Rubber Group Co., Ltd (ZC-Rubber), and Nokian Tyres plc, Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire, Pirelli & C. S.p.A., among others are some of the major players in the global green tire market.