Global Green Tires Industry

Global Green Tires Industry

  • October 2019 •
  • 141 pages •
  • Report ID: 5798692 •
  • Format: PDF
Green Tires market worldwide is projected to grow by US$67.2 Billion, driven by a compounded growth of 10.4%. Passenger Cars, one of the segments analyzed and sized in this study, displays the potential to grow at over 10.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$99 Billion by the year 2025, Passenger Cars will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 11.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$3 Billion to the region’s size and clout in the next 5 to 6 years. Over US$3.1 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Passenger Cars will reach a market size of US$7.2 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.9% over the next couple of years and add approximately US$11.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Apollo Tyres Ltd.; Balkrishna Industries Limited (BKT); Bridgestone Corporation; Cheng Shin Rubber Ind. Co., Ltd.; Continental AG; Cooper Tire & Rubber Company; Goodyear Tire & Rubber Company; Hankook Tire Co., Ltd.; Kenda Tires; Kumho Tire Co., Inc.; Michelin; MRF Ltd.; Nexen Group, Inc.; Nokian Tyres plc; Petlas; Pirelli & C. SpA; Sailun Tires; Shandong Linglong Tire Co., Ltd.; The Yokohama Rubber Co., Ltd.; Toyo Tires; ZHONGCE Rubber Group Co., Ltd.