Market Overview:
The global green or low rolling resistance tires market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for fuel-efficient vehicles and the rising awareness about environment-friendly products. On the basis of type, the passenger car tire segment is expected to account for a major share of the global green or low rolling resistance tires market during the forecast period. This can be attributed to increasing demand for fuel-efficient cars across regions. However, light commercial vehicle tire segment is projected to exhibit highest CAGR over 2018–2030 owing to increase in sales of LCVs across developing countries such as India and China. Based on application, on-road segment dominates the global green or low rolling resistance tires market with maximum share followed by off-road application segments respectively. On account of stringent emission norms being implemented by various governments across globe along with rising consumer preference towards fuel efficient vehicles; on road applications are expected witness highest growth rate during forecast period .
Product Definition:
Green or Low Rolling Resistance Tires are tires that have been designed to reduce the amount of energy needed to roll them down the road. This is done by making the tire treads more aerodynamic and using less resistant materials in their construction. Green or Low Rolling Resistance Tires are important because they save energy, which can lead to decreased fuel costs and emissions.
Passenger Car Tire:
Passenger car tires are designed to carry the maximum amount of passenger and commercial load over a given distance with least fuel consumption. Passenger car tires have rubber compounds that provide high grip, comfort, and stability on road. The design of passenger car tires is based on the principle of rolling resistance reduction by incorporating green technologies such as run-flat technology, tire sealant, reinforcement bar & bead wire along with low rolling resistance (LRR) compound used in its manufacture.
Light Commercial Vehicle Tire:
The global light commercial vehicle tire industry is expected to witness significant growth over the forecast period owing to increasing demand for trucks in the transportation of goods. The rising trend of using lightweight tires with low rolling resistance is also anticipated to drive market growth.
Tire manufacturers are focusing on developing green tires that use technologies such as run-flat, self-inflating, and energy dispersing for reducing fuel consumption and carbon emissions during operations.
Application Insights:
On the basis of application, the global green or low rolling resistance tires market is segmented into on-road and off-road. The on-road segment dominated the market in 2017 owing to increasing demand for passenger cars from developed economies such as U.S., Germany and Japan. In addition, factors such as government initiatives promoting electric vehicles are expected to drive demand over the forecast period.
The growing construction industry across various regions is anticipated to boost product demand in construction equipment tires applications during the forecast period.
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 urbanization and increasing per capita income, which will lead to an increase in vehicle production and sales across countries such as China, India, Indonesia, Vietnam among others.
The Europe market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for fuel-efficient vehicles is expected to grow at a CAGR of more than 8% from 2016 to 2020. This is primarily due to the increasing awareness among consumers about the benefits of fuel-efficient vehicles, such as lower emissions and reduced running costs.
- Stringent emission norms: Stringent emission norms are being implemented in various countries across the world, which is driving the demand for low rolling resistance tires. For instance, India has announced plans to implement Bharat Stage VI (BS VI) emission norms by 2020, which are equivalent to Euro 6 standards.
- Rising popularity of electric and hybrid vehicles: The popularity of electric and hybrid vehicles is growing rapidly due to their superior performance and low emissions levels as compared with traditional gasoline or diesel-powered cars. This is aiding the growth of the market for low rolling resistance tires worldwide.
- Growing trend towards lightweight construction: A growing trend towards lightweight construction in automobiles is helping boost demand for low rolling resistance tires as they help reduce weight without compromising on performance or safety features .
Scope Of The Report
Report Attributes
Report Details
Report Title
Green or Low Rolling Resistance Tires Market Research Report
By Type
Passenger Car Tire, Light Commercial Vehicle Tire, Others
By Application
On-Road, Off-Road
By Companies
Michelin, Bridgestone, Goodyear Tire and Rubber, Continental, Hankook, Pirelli, Cheng Shin Rubber, Kumho Tires, ZC Rubber, Nokian Tires
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Green or Low Rolling Resistance Tires Market Report Segments:
The global Green or Low Rolling Resistance Tires market is segmented on the basis of:
Types
Passenger Car Tire, Light Commercial Vehicle Tire, Others
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
On-Road, Off-Road
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
- Goodyear Tire and Rubber
- Continental
- Hankook
- Pirelli
- Cheng Shin Rubber
- Kumho Tires
- ZC Rubber
- Nokian Tires
Highlights of The Green or Low Rolling Resistance Tires 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:
- Passenger Car Tire
- Light Commercial Vehicle Tire
- Others
- By Application:
- On-Road
- Off-Road
- 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 Green or Low Rolling Resistance Tires 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
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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?
Green or low rolling resistance tires are designed to reduce the amount of energy needed to move a vehicle over a given distance. This can be helpful in reducing fuel consumption and emissions, as well as improving overall performance.
Some of the major companies in the green or low rolling resistance tires market are Michelin, Bridgestone, Goodyear Tire and Rubber, Continental, Hankook, Pirelli, Cheng Shin Rubber, Kumho Tires, ZC Rubber, Nokian Tires.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Green or Low Rolling Resistance Tires 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. Green or Low Rolling Resistance Tires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Green or Low Rolling Resistance Tires Market - Supply Chain
4.5. Global Green or Low Rolling Resistance Tires Market Forecast
4.5.1. Green or Low Rolling Resistance Tires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Green or Low Rolling Resistance Tires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Green or Low Rolling Resistance Tires Market Absolute $ Opportunity
5. Global Green or Low Rolling Resistance Tires 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. Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Type
5.3.1. Passenger Car Tire
5.3.2. Light Commercial Vehicle Tire
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Green or Low Rolling Resistance Tires 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. Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Application
6.3.1. On-Road
6.3.2. Off-Road
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Green or Low Rolling Resistance Tires 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. Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires 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. Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires Demand Share Forecast, 2019-2026
9. North America Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Application
9.4.1. On-Road
9.4.2. Off-Road
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Type
9.7.1. Passenger Car Tire
9.7.2. Light Commercial Vehicle Tire
9.7.3. Others
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 Green or Low Rolling Resistance Tires Demand Share Forecast, 2019-2026
10. Latin America Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Application
10.4.1. On-Road
10.4.2. Off-Road
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Type
10.7.1. Passenger Car Tire
10.7.2. Light Commercial Vehicle Tire
10.7.3. Others
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 Green or Low Rolling Resistance Tires Demand Share Forecast, 2019-2026
11. Europe Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Application
11.4.1. On-Road
11.4.2. Off-Road
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Type
11.7.1. Passenger Car Tire
11.7.2. Light Commecial Vehicle Tire
11.7.3. Others
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 Green or Low Rolling Resistance Tires Demand Share, 2019-2026
12. Asia Pacific Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Application
12.4.1. On-Road
12.4.2. Off-Road
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Type
12.7.1. Passenger Car Tire
12.7.2. Light Commercial Vehicle Tire
12.7.3. Others
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 Green or Low Rolling Resistance Tires Demand Share, 2019-2026
13. Middle East & Africa Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires 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 Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Application
13.4.1. On-Road
13.4.2. Off-Road
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Green or Low Rolling Resistance Tires Market Size and Volume Forecast by Type
13.7.1. Passenger Car Tire
13.7.2. Light Commercial Vehicle Tire
13.7.3. Others
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 Green or Low Rolling Resistance Tires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Green or Low Rolling Resistance Tires Market: Market Share Analysis
14.2. Green or Low Rolling Resistance Tires Distributors and Customers
14.3. Green or Low Rolling Resistance Tires 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. Goodyear Tire and Rubber
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Continental
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hankook
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pirelli
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cheng Shin Rubber
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kumho Tires
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ZC Rubber
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 Tires
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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