Automotive Green Tires Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two -Wheelers, Three Wheelers and OTR), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias), and By Region.

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Summary

Report Description

Automotive Green Tires Market is growing globally due to the increase in the sales of electric vehicles across different segments globally. Automotive green tires help in enhancing the overall efficiency of the vehicles, hence contributing to the growth of global automotive green tires market. The automotive green tires market refers to the market for tires that are designed to be more environmentally friendly than traditional tires. These tires are made with sustainable materials, such as natural rubber or recycled rubber, and they are designed to improve fuel efficiency and reduce carbon emissions.

Recent Developments

  • Tire manufacturers across the globe are implementing changes in their manufacturing process, and the companies are also switching to sustainable raw materials in the manufacturing process. Goodyear is using a silica product made from residual rice husk as by-product of rice across its global manufacturing facilities. Usage increased by 74% in 2019, and 47% in 2020. The company is also using soybean oil in place of petroleum oil, and it increased by 90% in 2019, 73% in 2020, and 27% in 2021. Similarly, Michelin’s high technology materials business unit, Lehigh Technologies developed micronized rubber powders (MRP), a sustainable raw material that reduces feedstock costs by up to 50% and replaces oil- and rubber-based feedstocks in a wide range of industrial and consumer applications, including high-performance tires.
  • The demand for automotive green tires has been increasing in recent years due to the growing awareness of environmental issues and the need for sustainable products. In addition, governments around the world have implemented regulations to reduce carbon emissions, which has further driven the demand for automotive green tires.
  • The other key global tire manufacturers like Bridgestone are adopting alternatives and renewable sources for natural rubber. The guayule shrub, which the company uses, has properties nearly equal to those of natural rubber.. Pirelli has also introduced certified tires that contain FSC- certified natural rubber and rayon. Continental uses reprocessed polyester obtained from recycled plastic bottles in its tire production. The new sustainable polyester yarn will be obtained from polyethylene terephthalate (PET) bottles by a mechanical process. It will be used in the construction of the tire carcass. Almost all the tire manufacturers are moving towards the sustainable approach. Moreover, the focus on achieving yearly emissions targets and strict government norms are leading companies to focus on this area, so in the coming years the market is expected to grow.


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Large Demand for Electric Vehicles
The automotive green tires help electric vehicles in achieving higher efficiency. The growing BEV and PHEV sales globally have increased the market for electric cars and so as the demand of automotive green tires is expected to rise. Manufacturers from around the world have consistently gained the demand for electric vehicles, and as electric vehicles come with the drive range so automotive green ties are more preferred because they reduce the rolling resistance and increase the overall vehicle efficiency. The adoption of electric vehicles is also on rise, so the demand for automotive green tires is expected to increase as well. The electric vehicle manufacturers are also giving priorities to the automotive green tires, so the OEM segment is expected to see high demand for automotive green tires from the automobile manufacturers globally.

Rise in the Focus on Fuel Efficiency of ICE Vehicles
The Automotive Green Tires market is expected to generate new opportunity in the forecast years as the growing middle classes in emerging economies, particularly in Asia, and the resulting increase in automobile ownership, growing concern about greenhouse gas emissions, and a scarcity of natural resources to meet the demands of an increasing number of consumers are putting pressure on the industry to meet government and market demands for more sustainable products, such as green tires. The ICE vehicle manufacturers are also switching towards automotive green tires for better fuel efficiency and sustainable products. As a result, the demand for automotive green tires is expected to rise over the forecast period, contributing to the growth of the target market, as low rolling resistance (LRR) tires, as well as those made from ‘green’ (sustainable) materials, are a rapidly developing segment of the tire industry. The ‘apid ’xpansion of the sector is due to the growth in the demand for automotive green tires in the market.

The automotive green tires market is driven by the need to reduce carbon emissions and improve fuel efficiency. Traditional tires are made from synthetic rubber, which is derived from petrochemicals and can take hundreds of years to decompose, contributing to the pollution of the environment. In contrast, green tires are made from sustainable materials, such as natural rubber or recycled rubber, which reduces their carbon footprint.

Lack of Awareness about Automotive Green Tires
The lack of awareness about automotive green tires that is low rolling resistance technology and the raw material scarcity is a hurdle in the growth as customers are not much aware of the low rolling resistance technology and the benefits of automotive green tires globally. Moreover, the production techniques in manufacturing cannot be quickly changed, so overall, to achieve full fledge adoption of automotive green tires in coming years, raw material availability and manufacturing practices need to be changed, and customer awareness is also a challenge as in tier two cities the adoption of automotive green tires be quite less. So, the lack of awareness can be a challenge in the growth of automotive green tires market globally.

COVID-19 also had a negative impact on the industry because it hampered all manufacturing and operational activities in the industry. All operations were halted due to lockdowns and other restrictions imposed by various regional governments. Most Asian countries, however, have maintained or even increased their level of optimism. Many customers around the world anticipate a drop in income.

Market Segmentation
The Global Automotive Green Tires Market is segmented By Vehicle Type, By Demand Category, By Tire Construction Type, By Region and Competitional landscape. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers and OTR. Based on Demand Category, the market is segmented into OEM and Replacement. Based on Tire Construction Type, the market is segmented into Radial and Bias. The market analysis also studies the region wise segmentation to devise market.

Company Profiles
Bridgestone Corporation, Continental AG, Michelin Group, Apollo Tyres Limited, Yokohama Tire Corporation, Goodyear Tire & Rubber Company, Pirelli & C. Spa, Toyo Tire Corporation, MRF Limited and CEAT Limited are the leading companies globally developing automotive green tires.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2030

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Vehicle Type

By Demand Category

By Tire Construction Type

By Region

Regional Scope

Asia-Pacific, North America, Latin America, Europe, Middle East & Africa

Country Scope

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Belgium, Spain, Russia, China, Japan, India, Malaysia, Thailand, Indonesia, Vietnam, South Korea, Mexico, Brazil, Colombia.

Key Companies Profiled

Bridgestone Corporation, Continental AG, Michelin Group, Apollo Tyres Limited, Yokohama Tire Corporation, Goodyear Tire & Rubber Company, Pirelli & C. Spa, Toyo Tire Corporation, MRF Limited and CEAT Limited

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request).

Report Scope:
In this report, Global Automotive Green Tires Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Automotive Green Tires Market, By Vehicle Type:

o Passenger Car

o Light Commercial Vehicle

o Medium & Heavy Commercial Vehicle

o Two Wheelers

o Three Wheelers

o OTR

Automotive Green Tires Market, By Demand Category:

o OEM

o Replacement

Automotive Green Tires Market, By Tire Construction Type:

o Radial

o Bias

Automotive Green Tires Market, By Region:

o Asia-Pacific

  • China
  • India
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • Vietnam
  • South Korea

o North America

  • United States
  • Canada
  • Mexico

o Europe & CIS

  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy
  • Belgium
  • Russia

o South America

  • Brazil
  • Argentina
  • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Green Tires Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Automotive Green Tires Marketis an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

2.    Product Overview

3.    Research Methodology

4.    Executive Summary

5.    Impact of COVID-19 on Global Automotive Green Tires Market

6.    Voice of Customer

6.1.  Factors Influencing Purchase Decision

6.2.  Aided Brand Recall and Unaided Brand Recall

6.3.  Challenges/Unmet Needs

7.    Global Automotive Green Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Car, LCV, M&HCV, OTR)

7.2.2.     By Demand Category (OEM, Aftermarket)

7.2.3.     By Tire Construction Type (Radial, Bias)

7.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

7.2.5.     By Company (2021)

7.3.  Product Market Map (By Vehicle Type, By Region)

8.    North America Automotive Green Tires Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Tire Construction Type

8.2.4.     By Country (United States; Canada; Mexico)

8.3.  Product Market Map (By Vehicle Type, By Country)

8.4.  North America: Country Analysis

8.4.1.     United States Automotive Green Tires Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value and Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Vehicle Type

8.4.1.2.2.             By Demand Category

8.4.1.2.3.             By Tire Construction Type

8.4.2.     Canada Green Automotive Tires Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value and Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Vehicle Type

8.4.2.2.2.             By Demand Category

8.4.2.2.3.             By Tire Construction Type

8.4.3.     Mexico Green Automotive Tires Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value and Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Vehicle Type

8.4.3.2.2.             By Demand Category

8.4.3.2.3.             By Tire Construction Type

9.    Asia Pacific Automotive Green Tires Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value and Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Tire Construction Type

9.2.4.     By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

9.2.5.     Product Market Map (By Vehicle Type, By Country)

9.3.  Asia Pacific: Country Analysis

9.3.1.     China Automotive Green Tires Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value and Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type

9.3.1.2.2.             By Demand Category

9.3.1.2.3.             By Tire Construction Type

9.3.2.     India Automotive Green Tires Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value and Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type

9.3.2.2.2.             By Demand Category

9.3.2.2.3.             By Tire Construction Type

9.3.3.     Japan Automotive Green Tires Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value and Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type

9.3.3.2.2.             By Demand Category

9.3.3.2.3.             By Tire Construction Type

9.3.4.     Malaysia Automotive Green Tires Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value and Volume

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Vehicle Type

9.3.4.2.2.             By Demand Category

9.3.4.2.3.             By Tire Construction Type

9.3.5.     Thailand Automotive Green Tires Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value and Volume

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Vehicle Type

9.3.5.2.2.             By Demand Category

9.3.5.2.3.             By Tire Construction Type

9.3.6.     Indonesia Automotive Green Tires Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value and Volume

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Vehicle Type

9.3.6.2.2.             By Demand Category

9.3.6.2.3.             By Tire Construction Type

9.3.7.     Vietnam Automotive Green Tires Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value and Volume

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Vehicle Type

9.3.7.2.2.             By Demand Category

9.3.7.2.3.             By Tire Construction Type

9.3.8.     South Korea Automotive Green Tires Market Outlook

9.3.8.1.         Market Size & Forecast

9.3.8.1.1.             By Value and Volume

9.3.8.2.         Market Share & Forecast

9.3.8.2.1.             By Vehicle Type

9.3.8.2.2.             By Demand Category

9.3.8.2.3.             By Tire Construction Type

10.  Europe & CIS Automotive Green Tires Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value and Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Tire Construction Type

10.2.4.  By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

10.3.              Product Market Map (By Vehicle Type, By Country)

10.4.              Europe & CIS: Country Analysis

10.4.1.  Germany Automotive Green Tires Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value and Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Vehicle Type

10.4.1.2.2.           By Demand Category

10.4.1.2.3.           By Tire Construction Type

10.4.2.  France Automotive Green Tires Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value and Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Vehicle Type

10.4.2.2.2.           By Demand Category

10.4.2.2.3.           By Tire Construction Type

10.4.3.  United Kingdom Automotive Green Tires Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value and Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Vehicle Type

10.4.3.2.2.           By Demand Category

10.4.3.2.3.           By Tire Construction Type

10.4.4.  Spain Automotive Green Tires Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value and Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Vehicle Type

10.4.4.2.2.           By Demand Category

10.4.4.2.3.           By Tire Construction Type

10.4.5.  Italy Automotive Green Tires Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value and Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Vehicle Type

10.4.5.2.2.           By Demand Category

10.4.5.2.3.           By Tire Construction Type

10.4.6.  Belgium Automotive Green Tires Market Outlook

10.4.6.1.      Market Size & Forecast

10.4.6.1.1.           By Value and Volume

10.4.6.2.      Market Share & Forecast

10.4.6.2.1.           By Vehicle Type

10.4.6.2.2.           By Demand Category

10.4.6.2.3.           By Tire Construction Type

10.4.7.  Russia Automotive Green Tires Market Outlook

10.4.7.1.      Market Size & Forecast

10.4.7.1.1.           By Value and Volume

10.4.7.2.      Market Share & Forecast

10.4.7.2.1.           By Vehicle Type

10.4.7.2.2.           By Demand Category

10.4.7.2.3.           By Tire Construction Type

11.  South America Automotive Green Tires Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value and Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Tire Construction Type

11.2.4.  By Country (Brazil, Argentina, Colombia)

11.3.              Product Market Map (By Vehicle Type, By Country)

11.4.              South America: Country Analysis

11.4.1.  Brazil Automotive Green Tires Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value and Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Vehicle Type

11.4.1.2.2.           By Demand Category

11.4.1.2.3.           By Tire Construction Type

11.4.2.  Argentina Automotive Green Tires Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value and Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Vehicle Type

11.4.2.2.2.           By Demand Category

11.4.2.2.3.           By Tire Construction Type

11.4.3.  Colombia Automotive Green Tires Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value and Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Vehicle Type

11.4.3.2.2.           By Demand Category

11.4.3.2.3.           By Tire Construction Type

12.  Middle East and Africa Automotive Green Tires Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value and Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Tire Construction Type

12.2.4.  By Country (South Africa, UAE, Saudi Arabia, Egypt)

12.3.              Product Market Map (By Vehicle Type, By Country)

12.4.              Middle East and Africa: Country Analysis

12.4.1.  South Africa Automotive Green Tires Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value and Volume

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Vehicle Type

12.4.1.2.2.           By Demand Category

12.4.1.2.3.           By Tire Construction Type

12.4.2.  UAE Automotive Green Tires Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value and Volume

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Vehicle Type

12.4.2.2.2.           By Demand Category

12.4.2.2.3.           By Tire Construction Type

12.4.3.  Saudi Arabia Automotive Green Tires Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value and Volume

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Vehicle Type

12.4.3.2.2.           By Demand Category

12.4.3.2.3.           By Tire Construction Type

12.4.4.  Egypt Automotive Green Tires Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value and Volume

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Vehicle Type

12.4.4.2.2.           By Demand Category

12.4.4.2.3.           By Tire Construction Type

13.  Key Developments in the Industry

13.1.              Research and Innovation

13.2.              New Products in the Market

13.3.              Key Investments on Green Tires

13.4.              Technological Developments

13.5.              Key Takeaways

14.  Market Dynamics

14.1.              Drivers

14.1.1.  Long range demand in Electric Vehicles

14.1.2.  Rise in the focus on fuel efficiency of ICE Vehicles.

14.2.              Challenges

14.2.1.  Lack of adequate Infrastructure

15.  Market Trends

15.1.              Growing demand of Sustainable Products

15.2.              Emissions Standards Leading to Adoption of Green Tires

16.  Porter’s Five Forces Model

16.1.              Competition Landscape

16.2.              Buyer Power

16.3.              Supplier Power

16.4.              Threat of New Entrants

16.5.              Threat of Substitutes

17.  Competitive Landscape

17.1.              Bridgestone Corporation

17.1.1.  Company Details

17.1.2.  Products & Services

17.1.3.  Key Market Focus & Geographical Presence

17.1.4.  Recent Development

17.1.5.  Key Management Personnel

17.2.              Continental AG

17.2.1.  Company Details

17.2.2.  Products & Services

17.2.3.  Key Market Focus & Geographical Presence

17.2.4.  Recent Development

17.2.5.  Key Management Personnel

17.3.              Michelin Group

17.3.1.  Company Details

17.3.2.  Products & Services

17.3.3.  Key Market Focus & Geographical Presence

17.3.4.  Recent Development

17.3.5.  Key Management Personnel

17.4.              Apollo Tyres Limited

17.4.1.  Company Details

17.4.2.  Products & Services

17.4.3.  Key Market Focus & Geographical Presence

17.4.4.  Recent Development

17.4.5.  Key Management Personnel

17.5.              Yokohama Tire Corporation

17.5.1.  Company Details

17.5.2.  Products & Services

17.5.3.  Key Market Focus & Geographical Presence

17.5.4.  Recent Development

17.5.5.  Key Management Personnel

17.6.              Goodyear Tire & Rubber Company

17.6.1.  Company Details

17.6.2.  Products & Services

17.6.3.  Key Market Focus & Geographical Presence

17.6.4.  Recent Development

17.6.5.  Key Management Personnel

17.7.              Pirelli & C. Spa

17.7.1.  Company Details

17.7.2.  Products & Services

17.7.3.  Key Market Focus & Geographical Presence

17.7.4.  Recent Development

17.7.5.  Key Management Personnel

17.8.              Toyo Tire Corporation

17.8.1.  Company Details

17.8.2.  Products & Services

17.8.3.  Key Market Focus & Geographical Presence

17.8.4.  Recent Development

17.8.5.  Key Management Personnel

17.9.              MRF Limited

17.9.1.  Company Details

17.9.2.  Products & Services

17.9.3.  Key Market Focus & Geographical Presence

17.9.4.  Recent Development

17.9.5.  Key Management Personnel

17.10.            CEAT Limited

17.10.1.                Company Details

17.10.2.                Products & Services

17.10.3.                Financial (As Reported)

17.10.4.                Key Market Focus & Geographical Presence

17.10.5.                Recent Development

17.10.6.                Key Management Personnel

18.  Strategic Recommendations

18.1.              Key Focus Areas

18.2.              Target Regions & Countries

18.3.              Target Type

18.4.              Target Category

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growing adoption of electric vehicles, rising carbon emission concerns globally and rising innovations in the sustainable tires are leading the growth of the Global Automotive Green Tires Market.

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Global Automotive Green Tires Market by Vehicle type is segmented into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers and OTR.

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The major player contributing to the Global Automotive Green Tires Market are Bridgestone Corporation, Continental AG, Michelin Group, Apollo Tyres Limited, Yokohama Tire Corporation, etc.

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Asia-pacific is the leading region in the market globally, followed by Europe and North America and in the forecast years Asia Pacific is expected to maintain its top position in the Global Automotive Green Tires Market.

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The increasing demand for electric vehicles and the carbon emission targets are contributing to the growth of the automotive green tires market.

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