Green Tires Market Analysis

Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle)

The global green tires market is segmented and analyzed for demand and supply by vehicle type into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The heavy commercial vehicle segment is predicted to have the highest revenue among these by the end of 2037, supported by the rising number of commercial vehicles and the spike in the need for freight transit globally. Moreover, there has been increasing production of commercial vehicles across the globe, that is predicted to boost the growth of the commercial vehicle segment in the market. For instance, by 2050, the need for freight transport will increase to 300 tons-kilometer from 135 ton-kilometer in 2015 across the globe.

Product Size (< 15 inch, 16-19 inch, > 19 inch)

The global green tires market is segmented and analyzed for demand and supply by product size into below 15-", between 16"-19", and above 19". Out of these three segments the 16"-19" segment is estimated to gain the largest market share over the projected time frame. Larger vehicles, including SUVs and CUVs, are becoming more popular, which is causing larger-diameter tires to gain popularity. There has been a rise in the trend of automotive cars with large-sized tires as consumer desire comfortable and luxurious automobiles. Moreover, the tire sizes of 16"-19" are growing quickly owing to the rising need for larger, more fuel-efficient automobiles, that is expected to drive the segment’s growth in the market.

Our in-depth analysis of the global market includes the following segments: