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Report Description

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  • Automotive
  • | February, 2021

Europe Green Tire Market By Vehicle Type (Passenger Car, LCV & HCV), By Product Type (Radial & Bias), By End User (Aftermarket & OEM), By Rim Size (12-15 Inch, 16-20 Inch & Above 20 Inch), By Country, Competition, Forecast & Opportunities, 2026

  • Description
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Europe green tire market is projected to grow at a CAGR of over 14% during 2021 - 2026, on account of increasing vehicle sales and fleet size as well as government regulations on tire energy labelling. Green tires are manufactured from renewable materials such as nylon rubber unlike conventional tires that are made of rubber. Several tire manufacturers have started adopting environment friendly raw materials that help make tires lighter, thereby reducing vehicle weight. Low weight of the vehicle provides high efficiency with low rolling resistance and less fuel consumption. Moreover, government regulations pertaining to the environmental performance of tire industry and surging consumer awareness is expected to positively influence the market during forecast period.

Europe green tire market can be segmented based on vehicle type, product type, end user and rim size. Based on vehicle type, the region’s green tire market can be segmented into passenger car, LCV and HCV. Passenger cars lead automobile production in Europe and the segment is expected to grow at a brisk rate during the forecast period. Moreover, automakers are focusing on enhancing the fuel efficiency of vehicles, which is resulting in high demand for fuel-efficient tires, thereby driving the green tire market in Europe. Based on product type, the market can be bifurcated into radial and bias. Consumers prefer radial tires due to their advantages, such as flexible sidewalls and reduced fuel consumption due to less vibration and resistance over their counterparts.

Green tire market in Europe is registering growth, on account of rising vehicle production and sales as well as increasing government regulations on tire energy labelling that is increasing the installation rate of green tires. In terms of regional analysis, the market has been segmented into Germany, France, Spain, Italy, and UK. Germany accounts for the largest share in the region’s green tire market, primarily due to large existing fleet of passenger cars in the country. Being one of the major exporting hubs for automobile producers, Germany’s automotive industry is known worldwide for its high-quality automobile manufacturing. Moreover, the country is the fourth largest in terms of total vehicle production, globally, after China, US and Japan. High vehicle ownership coupled with moderate growth in new vehicle sales is expected to continue boosting green tire sales in Germany in the coming years.

Some of the major players operating in Europe green tire market are Compagnie Générale des Établissements Michelin, Goodyear Dunlop Tires Europe B.V., Continental Aktiengesellschaft, Bridgestone Europe NV/SA, Pirelli & C. S.p.A., Nokian Tyres Plc, Yokohama Europe Gmbh, Hankook Reifen Deutschland GmbH, Apollo Vredestein B.V., and Cooper Tire & Rubber Company Europe Limited. Key players operating in the market are investing in innovations to earn sound returns on investments. Moreover, strategic moves such as mergers and collaborations are also helping the key players to increase their customer base and expand sales & distribution networks.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze and forecast Europe green tire market size.
  • To classify and forecast Europe green tire market based on vehicle type, product type, end user, rim size and country.
  • To identify drivers and challenges for Europe green tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Europe green tire market.
  • To conduct pricing analysis for Europe green tire market.
  • To identify and analyze the profile of leading players operating in Europe green tire market.

  

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in green tire market in Europe.

TechSci Research calculated Europe green tire market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

·         Green tire manufacturers, suppliers, distributors and other stakeholders

·         Government bodies such as regulating authorities and policy makers

·         Organizations, forums and alliances related to green tire market

·         Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as green tire manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.

Report Scope:

In this report, Europe green tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Market, By Product Type:

o   Radial

o   Bias

·         Market, By Vehicle Type:

o   Passenger Car

o   LCV

o   HCV

·         Market, By End User:

o   Aftermarket

o   OEM

·         Market, By Rim Size:

o   12-15 Inch

o   16-20 Inch

o   Above 20 Inch

·          Market, by Country:

o   Germany

o   France

o   Spain

o   Italy

o   United Kingdom

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Europe green tire 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)

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Analyst View

4.    Impact of COVID-19 on Europe Green Tire Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Recall

5.3.  Brand Satisfaction Level

6.    Europe Green Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (PC, LCV, M&HCV)

6.2.2.     By Radial Vs Bias

6.2.3.     By Demand Category (OEM Vs Replacement)

6.2.4.     By Rim Size

6.2.5.     By Company

6.2.6.     By Country

6.3.  Market Attractiveness Index – By Vehicle Type

7.    Europe: Country Analysis

7.1.  Germany Green Tire Market Outlook

7.1.1.     Market Size & Forecast

7.1.1.1.         By Value & Volume

7.1.2.     Market Share & Forecast

7.1.2.1.         By Vehicle Type

7.1.2.2.         By Radial Vs Bias

7.1.2.3.         By Demand Category (OEM VS. Replacement)

7.1.2.4.         By Rim Size

7.1.3.     Market Attractiveness Index (Vehicle Type)

7.2.  France Green Tire Market Outlook

7.2.1.     Market Size & Forecast

7.2.1.1.         By Value & Volume

7.2.2.     Market Share & Forecast

7.2.2.1.         By Vehicle Type

7.2.2.2.         By Radial Vs Bias

7.2.2.3.         By Demand Category (OEM VS. Replacement)

7.2.2.4.         By Rim Size

7.2.3.                 Market Attractiveness Index (Vehicle Type)

7.3.  United Kingdom Green Tire Market Outlook

7.3.1.     Market Size & Forecast

7.3.1.1.         By Value & Volume

7.3.2.     Market Share & Forecast

7.3.2.1.         By Vehicle Type

7.3.2.2.         By Radial Vs Bias

7.3.2.3.         By Demand Category (OEM VS. Replacement)

7.3.2.4.         By Rim Size

7.3.3.     Market Attractiveness Index (Vehicle Type)

7.4.  Italy Green Tire Market Outlook

7.4.1.     Market Size & Forecast

7.4.1.1.         By Value & Volume

7.4.2.     Market Share & Forecast

7.4.2.1.         By Vehicle Type

7.4.2.2.         By Radial Vs Bias

7.4.2.3.         By Demand Category (OEM VS. Replacement)

7.4.2.4.         By Rim Size

7.4.3.     Market Attractiveness Index (Vehicle Type)

7.5.  Spain Green Tire Market Outlook

7.5.1.     Market Size & Forecast

7.5.1.1.         By Value & Volume

7.5.2.    Market Share & Forecast

7.5.2.1.         By Vehicle Type

7.5.2.2.         By Radial Vs Bias

7.5.2.3.         By Demand Category (OEM VS. Replacement)

7.5.2.4.         By Rim Size

7.5.3.     Market Attractiveness Index (Vehicle Type)

8.    Market Trends & Developments

9.    Market Dynamics

9.1.  Competitive Landscape

9.2.  Compagnie Générale des Établissements Michelin

9.3.  Bridgestone Europe NV/SA

9.4.  Continental Aktiengesellschaft

9.5.  Goodyear Dunlop Tires Europe B.V.

9.6.  Pirelli & C. S.p.A.

9.7.  Nokian Tyres PLC

9.8.  Hankook Reifen Deutschland GmbH

9.9.  Yokohama Europe Gmbh

9.10. Apollo Vredestein B.V.

9.11. Cooper Tire & Rubber Company Europe Limited

9.12.      Strategic Recommendations

9.13.    About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1: Europe Green Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Europe Green Tire Market - Aided Brand Recall (N=75)

    Figure 3: Europe Green Tire Market - Unaided Brand Recall (N=75)

    Figure 4: Europe Green Tire Market - Brand Satisfaction Level (N=75)

    Figure 5: Europe Green Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 6: Europe Investment Growth in Automotive Research & Development (%), 2016-2020

    Figure 7: Europe Green Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 8: Europe Green Tire Market Share, By Radial Vs Bias, By Volume, 2016-2026F

    Figure 9: Europe Vehicle Export Destinations, Value Market Share, 2020

    Figure 10: Europe Green Tire Market Share, By Demand Category (OEM VS. Replacement), By Volume, 2016-2026F

    Figure 11: Europe Green Tire Market Share, By Rim Size, By Volume, 2016-2026F

    Figure 12: Europe Green Tire Market Share, By Company, By Value, 2020

    Figure 13: Europe Green Tire Market Share, By Country, By Volume, 2016-2026F

    Figure 14: Europe Green Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-204F

    Figure 15: Germany Green Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 16: Germany Green Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 17: Germany Passenger Car Sales (Million Unit), 2016-2020

    Figure 18: Germany Green Tire Market Share, By Radial Vs Bias, By Volume, 2016-2026F

    Figure 19: Germany Green Tire Market Share, By Demand Category (OEM VS. Replacement), By Volume, 2016-2026F

    Figure 20: Germany Vehicle Fleet, 2016-2020

    Figure 21: Germany Green Tire Market Share, By Rim Size, By Volume, 2016-2026F

    Figure 22: Germany Passenger Car Production (Million Unit), 2016-2020

    Figure 23: Germany Green Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 24: France Green Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 25: France Luxury Car Market Size, By Volume

    Figure 26: France Green Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 27: France Passenger Car Sales (Million Unit), 2016-2020

    Figure 28: France Green Tire Market Share, By Radial Vs Bias, By Volume, 2016-2026F

    Figure 29: France Green Tire Market Share, By Demand Category (OEM VS. Replacement), By Volume, 2016-2026F

    Figure 30: France Green Tire Market Share, By Rim Size, By Volume, 2016-2026F

    Figure 31: France Passenger Car Production (Million Unit), 2016-2020

    Figure 32: France Green Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 33: United Kingdom Green Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 34: United Kingdom Passenger Vehicle Sales, By Brand, By Volume, 2020 (%)

    Figure 35: United Kingdom Green Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 36: United Kingdom Passenger Car Sales (Million Unit), 2016-2020

    Figure 37: United Kingdom Green Tire Market Share, By Radial Vs Bias, By Volume, 2016-2026F

    Figure 38: United Kingdom Green Tire Market Share, By Demand Category (OEM VS. Replacement), By Volume, 2016-2026F

    Figure 39: United Kingdom Vehicle Fleet, 2016-2020

    Figure 40: United Kingdom Green Tire Market Share, By Rim Size, By Volume, 2016-2026F

    Figure 41: United Kingdom Passenger Car Production (Million Unit), 2016-2020

    Figure 42: United Kingdom Green Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 43: Italy Green Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 44: Italy Green Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 45: Italy Passenger Car Sales (Million Unit), 2016-2020

    Figure 46: Italy Green Tire Market Share, By Radial Vs Bias, By Volume, 2016-2026F

    Figure 47: Italy Commercial Vehicle Sales, 2016-2020 (Units)

    Figure 48: Italy Green Tire Market Share, By Demand Category (OEM VS. Replacement), By Volume, 2016-2026F

    Figure 49: Italy Vehicle Fleet, 2016-2020

    Figure 50: Italy Green Tire Market Share, By Rim Size, By Volume, 2016-2026F

    Figure 51: Italy Passenger Car Production (Million Unit), 2016-2020

    Figure 52: Italy Green Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2021E-2026F

    Figure 53: Spain Green Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2016-2026F

    Figure 54: Spain Passenger Car Sales (Million Unit), 2016-2020

    Figure 55: Spain Green Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

    Figure 56: Spain Green Tire Market Share, By Radial Vs Bias, By Volume, 2016-2026F

    Figure 57: Spain Green Tire Market Share, By Demand Category (OEM VS. Replacement), By Volume, 2016-2026F

    Figure 58: Spain Vehicle Fleet, 2016-2020

    Figure 59: Spain Green Tire Market Share, By Rim Size, By Volume, 2016-2026F

    Figure 60: Spain Passenger Car Production (Million Unit), 2016-2020

    Figure 61: Spain Tire  Market Attractiveness Index, By Vehicle Type, By Volume, 2020E-2023F

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Press Release

Europe Green Tire Market to Grow at 14% until 2024

Dec, 2019

Increasing government regulations on tire energy labelling in the region to drive Europe green tire market through 2024


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