Dublin, May 29, 2018 (GLOBE NEWSWIRE) -- The "Green Tires Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle), Application (On-Road, and Off-Road), and Region (North America, Asia-Pacific, Europe, South America, and Middle East & Africa) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The green or low rolling resistance tires market is projected to reach USD 104.23 billion by 2022, at a CAGR of 10.7% from USD 62.68 billion in 2017
One of the most significant factors driving the growth of the green tires market is the increased government initiatives for a green and clean environment. There is a rising concern over factors affecting the fuel efficiency of vehicles and CO2 emissions. Thus, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. However, lack of awareness regarding the benefits of green tires restricts the growth of the green tires market in emerging economies. The passenger cars segment is the largest vehicle type segment of the green tires market. Based on vehicle type, the passenger cars segment is estimated to account for the largest share of the green tires market in 2017, in terms of value and volume. Passenger cars lead the automotive production across the globe. In recent years, automotive manufacturers have been focusing on fuel efficiency, which, in turn, has created a demand for fuel-efficient tires. Increased regulations regarding CO2 emissions are also driving the demand for green tires. The rising demand for green tires from the Asia Pacific region is a major factor driving the green tires market. The green tires market in the APAC region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. China and India are the key markets for green tires in the APAC region. The increased demand for green tires for passenger cars is projected to fuel the growth of the green tires market in the region.
Key companies profiled in this market research report include Michelin (France), Bridgestone (Japan), Goodyear Tire and Rubber (US), Continental (Germany), Hankook (South Korea), Pirelli (Italy), Cheng Shin Rubber (China), Kumho Tires (South Korea), ZC Rubber (China), Nokian Tires (Finland). Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Green Tires Market Overview, 2017 vs. 2022 4.2 Green Tires Market, By Vehicle Type 4.3 Green Tires Market, By Region 4.4 Green Tires Market Share, By Application and Country 4.5 Green Tires Market Attractiveness 5 Market Overview 5.1 Introduction 5.1.1 Drivers 5.1.1.1 Government Initiatives for Green and Clean Environment 5.1.1.2 Increase In Fuel Efficiency 5.1.2 Restraints 5.1.2.1 Lack of Awareness In Emerging Economies 5.1.3 Opportunities 5.1.3.1 Green Replacement Tires 5.2 Porter's Five Forces Analysis 5.2.1 Bargaining Power of Suppliers 5.2.2 Bargaining Power of Buyers 5.2.3 Threat of New Entrants 5.2.4 Threat of Substitutes 5.2.5 Intensity of Competitive Rivalry 5.3 Industry Indicators 6 Green Tires Market, By Vehicle Type 6.1 Introduction 6.2 Passenger Cars 6.3 Light Commercial Vehicles (LCVS) 6.4 Others 6.4.1 Heavy Trucks 6.4.2 Buses & Coaches 6.4.3 Two Wheelers 7 Green Tires Market, By Application 7.1 Introduction 7.2 On-Road 7.3 Off-Road (OTR) 8 Green Tires Market, By Region 8.1 Introduction 8.2 North America 8.3 Europe 8.4 APAC 8.5 Middle East & Africa 8.6 South America 9 Competitive Landscape 9.1 Overview 9.2 Market Ranking of Key Players 9.3 Competitive Situations & Trends 9.4 Expansions 9.5 Joint Ventures, Partnerships, and Acquisitions 9.6 New Product Launches 10 Company Profiles 10.1 Michelin 10.2 Bridgestone 10.3 Goodyear 10.4 Continental 10.5 Hankook 10.6 Pirelli 10.7 Cheng Shin Rubber 10.8 Kumho 10.9 ZC Rubber 10.10 Nokian 10.11 Other Companies 10.11.1 Apollo Tyres 10.11.2 Sailun Tires 10.11.3 Shandong Linglong Tire Co., Ltd 10.11.4 Kenda Tires 10.11.5 Giti Rubber 10.11.6 Cooper 10.11.7 Yokohama 10.11.8 Nexen 10.11.9 MRF 10.11.10 Petlas 10.11.11 BKT 10.11.12 Toyo Tires
For more information about this report visit https://www.researchandmarkets.com/research/7...tires?w=12
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