According to the recent research report titled ‘Automotive Green Tires Market Size By Vehicle (Passenger Car, Commercial Vehicles), By Application (On-road, Off-road), End-user (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global automotive green tires market is expected to accrue significant revenues over 2021-2027.
 

Global automotive green tires market growth is primarily driven by increasing range of e-vehicles, growing product development and cognizance among consumers, along with rising sales of automotive. Besides, various steps taken by automotive manufacturers to reduce carbon dioxide emissions and lower pollution levels is also adding to the industry progression.
 

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Green tires are made from environmental-friendly rubber and are specifically developed with aerodynamics and lightness in mind, which is critical for maintaining a strong grip on the road. They are rapidly gaining traction globally. Green technology is bringing a significant change in the entire automotive industry, and it is equally applicable to tires as it is to cars.
 

Green tires, as opposed to standard tires, are made in a more fuel-efficient manner and are primarily designed for lower rolling resistance, resulting in lower fuel usage during the tire's lifetime, which is encouraging the product demand.  
 

Green manufacturing basically employs eco-friendly waste disposal and carbon dioxide emission reduction strategies. It also implements the safest techniques and the highest quality standards.
 

Speaking of application scope, on-road segment share is anticipated to amplify over 2021-2027. Superior performance offered by green tires is responsible for gathering demand from on-road application.
 

Based on end user scope, worldwide automotive green tires industry share from aftermarket segment is predicted to surge at 11.5% CAGR over the coming years, attributable to rising cognizance among customers about the technology.
 

Geographically, Middle East & Africa industry is projected to register 11% CAGR through 2027, creditable to surging demand for fuel efficient vehicles, along with ongoing measures taken by automotive manufacturers to decrease carbon emissions and to adhere to government policies.
 

Major contenders impacting global automotive green tires market trends are Shandong Linglong Tire Co. Ltd., Nokian Tyres plc, Zhongce Rubber Group Co. Ltd. (ZC-Rubber), Kumho Tire, Cheng Shin Rubber Ind. Co. Ltd. (Cheng Shin Tire), Pirelli & C. S.p.A., Hankook Tire & Technology, The Goodyear Tire & Rubber Company, Michelin, and Bridgestone Corporation.