Green tires market is anticipated to grow at a significant CAGR of 12.0% during the forecast period (2024-2031). Green tires are a sustainable tire industry framework that focuses on environmental sustainability throughout the entire lifecycle of tire production, use, and disposal. These tires use environmentally friendly materials, such as natural rubber from sustainable plantations, renewable synthetic rubber blends, and eco-friendly additives, to minimize resource extraction, energy consumption, and greenhouse gas emissions. They improve fuel efficiency by reducing rolling resistance, resulting in lower fuel consumption and CO2 emissions. Green tires maintain or enhance performance, safety, and durability compared to conventional tires. They undergo lifecycle assessments to evaluate their environmental impact, promote recyclability and end-of-life management, and align with industry standards for environmental sustainability.
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Consumers are increasingly choosing eco-friendly products, including tires, as part of their commitment to sustainability. Manufacturers are responding to this demand by offering a wide range of green tire options that meet environmental standards without compromising performance, safety, or durability. For instance, in January 2024, the Goodyear Tire & Rubber Company released a demonstration tire with 70.0% sustainable-material content, including industry-leading innovations. The 70% sustainable-material tire includes 13 featured ingredients across nine different tire components. Company performance indicators have shown the component properties to deliver strong overall tire performance.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Green Tires Market by Vehicle Type
- Light Commercial Vehicles
- Passenger Cars
- Heavy Trucks
- Buses & Coaches
Global Green Tires Market by Application
- On Road
- Off-Road
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Bridgestone Corp.
- GRI Tires
- JK TYRE & INDUSTRIES LTD
- MICHELIN
- MRF Tyres
- Nokian Tyres plc
- Pirelli & C. S.p.A.
- RPG Group (CEAT tires)
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Toyo Tire Corp.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global green tires market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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