Automotive Two Wheeler Green Tires Market Report Expansion to USD 28.7 Billion by 2028
According to TechSci Research report, “Global Automotive Two Wheeler Green Tires Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Two Wheeler Green Tires Market stood at USD 18 billion in 2022 and is anticipated to grow with a CAGR of 8.1% in the forecast period, 2024-2028. The Global Automotive Two-Wheeler Green Tires Market has been experiencing significant growth and transformation in recent years.
This market segment is driven by the increasing emphasis on sustainability, environmental awareness, and regulatory pressures to reduce carbon emissions. Green tires, also known as eco-friendly or low-rolling resistance tires, have emerged as a key solution in addressing these challenges.
One of the primary drivers of this market is the rising global concern over environmental issues. Governments, regulatory bodies, and consumers are increasingly aware of the need to reduce the environmental footprint of transportation. Green tires, with their lower rolling resistance, help vehicles achieve better fuel efficiency, which translates to reduced carbon emissions.
Stricter emission standards and sustainability goals have further accelerated the adoption of green tires. Technological advancements have played a pivotal role in shaping this market. Tire manufacturers have invested in innovative materials, advanced tread designs, and smart tire technologies to strike a balance between performance and eco-friendliness. These innovations have led to green tires that not only reduce rolling resistance but also provide excellent grip and handling.
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The global automotive two-wheeler green tires market has been undergoing a remarkable transformation in recent years, driven by a growing awareness of environmental concerns, stringent regulations, and technological advancements. The automotive industry has long been a significant contributor to pollution and carbon emissions worldwide.
Two-wheelers, such as motorcycles and scooters, play a substantial role in this, as they are widely used for daily commuting in many parts of the world. However, as concerns about air quality, global warming, and sustainability have escalated, there has been a growing demand for eco-friendly alternatives in the automotive sector. One of the most critical developments in this regard has been the emergence of green tires for two-wheelers. These tires are designed to minimize their environmental impact through various means, such as reducing rolling resistance, enhancing fuel efficiency, and using sustainable materials. In this article, we will explore the global automotive two-wheeler green tires market in-depth, covering market size, growth drivers, challenges, and the future outlook.
Growing concerns about air pollution and its impact on public health have spurred the demand for green tires. Two-wheelers, being a popular mode of transportation in densely populated areas, are a significant source of pollution. Green tires help reduce emissions, making them an attractive choice for eco-conscious consumers. Governments worldwide have been implementing stricter emissions standards and fuel efficiency regulations. Green tires help automakers comply with these regulations, which has driven their adoption. Green tires are often designed to reduce rolling resistance, leading to improved fuel efficiency. This not only benefits the environment but also helps consumers save money on fuel costs, making green tires a cost-effective choice in the long run.
The development of green tires has seen significant technological advancements in recent years. These advancements have been instrumental in improving tire performance while minimizing their environmental impact. Some notable innovations include Nanotechnology Nanomaterials, such as carbon black and graphene, are being incorporated into green tires to further enhance their performance characteristics.
These materials help improve grip, durability, and fuel efficiency. Sustainable sourcing of materials is a crucial aspect of green tire manufacturing. Some companies are using recycled rubber and other eco-friendly materials in their tire production to reduce waste and environmental impact. The integration of sensors and smart technology in green tires is an emerging trend.
These smart tires can monitor tire pressure, temperature, and wear, providing real-time data to drivers and improving safety and efficiency. Innovations in tire technology, including the development of self-healing tires, airless tires, and further advancements in materials science, will continue to drive growth and improve the overall performance of green tires. Additionally, the integration of green tire technology into electric two-wheelers is expected to create new opportunities in the market.
Major companies operating in the Global Automotive Two Wheeler Green Tires Market are:
- Bridgestone Corporation
- Continental AG
- Michelin Group
- Apollo Tyres Limited
- Yokohama Tire Corporation
- Goodyear Tire & Rubber Company
- Pirelli & C. Spa
- Toyo Tire Corporation
- MRF Limited
- CEAT Limited
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“The global automotive two-wheeler green tires market is experiencing robust growth, fueled by an increasing emphasis on sustainability and environmental consciousness. As governments worldwide implement stringent emissions regulations, the demand for eco-friendly tires designed to reduce rolling resistance and enhance fuel efficiency is on the rise. Major tire manufacturers are investing in cutting-edge technologies, including the use of silica compounds and nanomaterials, to develop innovative green tire solutions. These tires not only benefit the environment by reducing carbon emissions but also offer cost savings to consumers through improved fuel economy. The market’s outlook remains positive, with continued advancements in tire technology and growing consumer awareness driving further adoption of green tires in the two-wheeler segment.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Automotive Two Wheeler Green Tires Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Tire Type (Radial, Bias), By Demand Category (OEM, Replacement), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Automotive Two Wheeler Green Tires Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Automotive Two Wheeler Green Tires Market.
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Table of Content-Automotive Two Wheeler Green Tires Market
- Introduction
1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
- Impact of COVID-19 on Global Automotive Two Wheeler Green Tires Market
- Global Automotive Two Wheeler Green Tires Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Tire Type Market Share Analysis (Radial, Bias)
5.2.2. By Demand Category Market Share Analysis (OEM, Replacement)
5.2.3. By Regional Market Share Analysis
5.2.3.1. Asia-Pacific Market Share Analysis
5.2.3.2. Europe & CIS Market Share Analysis
5.2.3.3. North America Market Share Analysis
5.2.3.4. South America Market Share Analysis
5.2.3.5. Middle East & Africa Market Share Analysis
5.2.4. By Company Market Share Analysis (Top 5 Companies, Others – By Value & Volume, 2022)
5.3. Global Automotive Two Wheeler Green Tires Market Mapping & Opportunity Assessment
5.3.1. By Tire Type Market Mapping & Opportunity Assessment
5.3.2. By Demand Category Type Market Mapping & Opportunity Assessment
5.3.3. By Regional Market Mapping & Opportunity Assessment
- Asia-Pacific Automotive Two Wheeler Green Tires Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Tire Type Market Share Analysis
6.2.2. By Demand Category Type Market Share Analysis
6.2.3. By Country Market Share Analysis
6.2.3.1. China Market Share Analysis
6.2.3.2. India Market Share Analysis
6.2.3.3. Japan Market Share Analysis
6.2.3.4. Indonesia Market Share Analysis
6.2.3.5. Thailand Market Share Analysis
6.2.3.6. South Korea Market Share Analysis
6.2.3.7. Australia Market Share Analysis
6.2.3.8. Rest of Asia-Pacific Market Share Analysis
6.3. Asia-Pacific: Country Analysis
6.3.1. China Automotive Two Wheeler Green Tires Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value & Volume
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Tire Type Market Share Analysis
6.3.1.2.2. By Demand Category Type Market Share Analysis
6.3.2. India Automotive Two Wheeler Green Tires Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value & Volume
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Tire Type Market Share Analysis
6.3.2.2.2. By Demand Category Type Market Share Analysis
6.3.3. Japan Automotive Two Wheeler Green Tires Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value & Volume
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Tire Type Market Share Analysis
6.3.3.2.2. By Demand Category Type Market Share Analysis
6.3.4. Indonesia Automotive Two Wheeler Green Tires Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value & Volume
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Tire Type Market Share Analysis
6.3.4.2.2. By Demand Category Type Market Share Analysis
