Market Overview:
The global eco-friendly tyre market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly tyres across the globe. In terms of type, the all-steel tyre segment is expected to hold a major share in the global eco-friendly tyre market during the forecast period. This can be attributed to their high durability and longer life as compared to other types of tyres available in the market.
Product Definition:
Eco friendly tyre is a type of tyre that is designed to have low rolling resistance. This means that it will consume less energy when rolling, which leads to improved fuel economy and reduced emissions. Eco friendly tyres are important because they help reduce the environmental impact of vehicles.
All-Steel:
All-steel is a material that consists of at least 90% of steel. It can be further defined as a material containing no plastic and no rubber. All-steel or nearly all-steel products are used in the manufacturing process of tires, which are known for their durability and strength.
Semi-Steel:
Semi-steel is a material that contains iron, but is different from steel. It has properties such as ductility and malleability which makes it an ideal raw material for the manufacturing of rims and tires. Semi-steel also finds application in the production of truck components, agricultural equipment, construction machinery & tools along with consumer products like bicycles and cars.
Application Insights:
Passenger vehicle application was the largest segment in terms of revenue and is expected to witness a CAGR of XX% over the forecast period. Rising income levels coupled with increasing disposable income has led to an increase in passenger vehicle sales across developing countries such as China, India and Brazil which is expected to have a positive impact on the industry growth over the next eight years.
The light commercial vehicle (LCV) application segment accounted for USD 2.46 billion in 2017 owing to growing demand from construction, mining and agricultural industries for LCVs equipped with tires that can withstand heavy loads without getting punctured easily. In addition, these vehicles are also used as public transport buses which further contributes towards market growth during this period due to rising demand from urban areas at a global level regarding passenger transportation services within cities or between cities along major highways or arterial roads leading into it thereby contributing towards overall industry size during this time frame at regional level globally speaking.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and urbanization, which has resulted in an increased demand for commercial vehicles and passenger cars. In addition, rising disposable income levels are anticipated to fuel the regional product demand further.
The North America market was valued at USD X million in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 as a result of increasing production facilities for light commercial vehicles (LCVs) & heavy commercial vehicles (HCVs). In addition, stringent government regulations regarding vehicle emissions are likely boost product adoption across this region during the forecast period.
Growth Factors:
- Increasing environmental awareness among consumers: There has been a significant increase in the number of people who are environmentally conscious and this is particularly evident in the younger generation. This has led to an increased demand for eco-friendly products, including tyres.
- Stringent government regulations on emissions: Governments around the world are implementing stringent regulations on emissions from vehicles, which is encouraging automakers to develop more fuel-efficient and eco-friendly cars. This is also driving demand for eco-friendly tyres.
- Improved technology and innovation: Tyre manufacturers are constantly innovating and developing new technologies that make their tyres more fuel efficient and environmentally friendly. For instance, some tyre manufacturers now offer low rolling resistance tyres that consume less fuel and emit fewer pollutants than traditional tyres.
Scope Of The Report
Report Attributes
Report Details
Report Title
Eco friendly tyre Market Research Report
By Type
All-Steel, Semi-Steel
By Application
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber, Yokohama, Nokian Tyres, Hankook, Maxxis, Triangle Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Eco friendly tyre Market Report Segments:
The global Eco friendly tyre market is segmented on the basis of:
Types
All-Steel, Semi-Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Michelin
- Bridgestone
- Continental
- Pirelli
- Goodyear
- Shanghai Huayi
- Sumitomo Rubber Industries
- ZC Rubber
- Yokohama
- Nokian Tyres
- Hankook
- Maxxis
- Triangle Group
Highlights of The Eco friendly tyre Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- All-Steel
- Semi-Steel
- By Application:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eco friendly tyre Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eco-friendly tyres are made from natural or recycled materials.
Some of the key players operating in the eco friendly tyre market are Michelin, Bridgestone, Continental, Pirelli, Goodyear, Shanghai Huayi, Sumitomo Rubber Industries, ZC Rubber, Yokohama, Nokian Tyres, Hankook, Maxxis, Triangle Group.
The eco friendly tyre market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Eco friendly tyre Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Eco friendly tyre Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Eco friendly tyre Market - Supply Chain
4.5. Global Eco friendly tyre Market Forecast
4.5.1. Eco friendly tyre Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Eco friendly tyre Market Size (000 Units) and Y-o-Y Growth
4.5.3. Eco friendly tyre Market Absolute $ Opportunity
5. Global Eco friendly tyre Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Eco friendly tyre Market Size and Volume Forecast by Type
5.3.1. All-Steel
5.3.2. Semi-Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Eco friendly tyre Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Eco friendly tyre Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicle
6.3.2. Light Commercial Vehicle
6.3.3. Heavy Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Eco friendly tyre Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Eco friendly tyre Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Eco friendly tyre Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Eco friendly tyre Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Eco friendly tyre Demand Share Forecast, 2019-2026
9. North America Eco friendly tyre Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Eco friendly tyre Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Eco friendly tyre Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicle
9.4.2. Light Commercial Vehicle
9.4.3. Heavy Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Eco friendly tyre Market Size and Volume Forecast by Type
9.7.1. All-Steel
9.7.2. Semi-Steel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Eco friendly tyre Demand Share Forecast, 2019-2026
10. Latin America Eco friendly tyre Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Eco friendly tyre Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Eco friendly tyre Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicle
10.4.2. Light Commercial Vehicle
10.4.3. Heavy Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Eco friendly tyre Market Size and Volume Forecast by Type
10.7.1. All-Steel
10.7.2. Semi-Steel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Eco friendly tyre Demand Share Forecast, 2019-2026
11. Europe Eco friendly tyre Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Eco friendly tyre Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Eco friendly tyre Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicle
11.4.2. Light Commercial Vehicle
11.4.3. Heavy Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Eco friendly tyre Market Size and Volume Forecast by Type
11.7.1. All-Steel
11.7.2. Semi-Steel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10.Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Eco friendly tyre Demand Share, 2019-2026
12. Asia Pacific Eco friendly tyre Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Eco friendly tyre Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Eco friendly tyre Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicle
12.4.2. Light Commercial Vehicle
12.4.3. Heavy Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Eco friendly tyre Market Size and Volume Forecast by Type
12.7.1. All-Steel
12.7.2. Semi-Steel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Eco friendly tyre Demand Share, 2019-2026
13. Middle East & Africa Eco friendly tyre Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Eco friendly tyre Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Eco friendly tyre Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicle
13.4.2. Light Commercial Vehicle
13.4.3. Heavy Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Eco friendly tyre Market Size and Volume Forecast by Type
13.7.1. All-Steel
13.7.2. Semi-Steel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Eco friendly tyre Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Eco friendly tyre Market: Market Share Analysis
14.2. Eco friendly tyre Distributors and Customers
14.3. Eco friendly tyre Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Michelin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bridgestone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Continental
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pirelli
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Goodyear
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shanghai Huayi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sumitomo Rubber Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ZC Rubber
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yokohama
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nokian Tyres
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hankook
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Maxxis
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Triangle Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
