Green Tires Market Size

Green Tires Market size was valued at USD 23.93 billion in 2024 and is likely to exceed USD 75.85 billion by the end of 2037, expanding at over 9.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of green tires is evaluated at USD 25.71 billion..The growth of the market can primarily be attributed to the growing demand for more sustainable products, as well as the rising use of green tires with innovative features around the globe. For instance, it is estimated globally that a reduction of 8% can be achieved in fuel consumption with green tires featuring the silica/silane system.

Global green tires market trends such as recent advancements in environment-friendly initiatives, an increasing number of tires in wheels, and the demand for green tires in the transportation sector are estimated to influence the growth of the market over the forecast period. For instance, it is estimated that in the year 2022, there were more than 35 billion wheels globally. Furthermore, rising energy prices, stringent government restrictions, increased urbanization, and globalization, rising environmental consciousness among consumers regarding fuel consumption and, utilizing green tires, as they also aid in lowering global pollution, are estimated to influence the growth of the market as well. For instance, according to the National Academies of Science, a 10% reduction in rolling resistance can save 1 to 2% in fuel. Furthermore, customers who purchase some of the green tires currently available can reduce rolling resistance by 20% and reduce fuel consumption by up to 4%.