The Europe Green Tire Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030).
The applications of green tires extend far beyond the passenger vehicle segment, encompassing a wide range of vehicles and industries. Green tires have become the standard choice for passenger vehicles seeking improved fuel efficiency and reduced carbon emissions. They offer a smooth and eco-friendly ride for daily commuting and long-distance travel. The transportation industry, including trucks, buses, and delivery vans, has embraced green tires to lower operational costs, increase fuel efficiency, and reduce emissions. Fleet operators appreciate the long-term savings and environmental benefits.
Additionally, aircraft manufacturers are exploring using green tires for landing gear to enhance fuel efficiency and reduce weight, contributing to eco-friendly aviation practices. These are making inroads in agriculture, where fuel efficiency and minimizing soil compaction are paramount. These tires enable farmers to reduce fuel consumption and tread lightly on the land. Even in heavy-duty applications such as construction and mining, green tires are being adopted to enhance fuel efficiency and reduce environmental impact while maintaining robust durability.
According to the report titled SDG 12 - Responsible Consumption and Production, released by Eurostat, continuous growth in the consumption of finite resources harms the environment and significantly contributes to climate change. The European Union (EU) has unveiled a new growth strategy named the European Green Deal to address this problem. Moreover, passenger cars are responsible for a considerable share of the EU’s total greenhouse gas (GHG) emissions. To cut these emissions, the EU has established goals for the fleet-wide average emissions of new passenger automobiles. According to the average mass of each manufacturer's new vehicle fleet, a legally binding particular emission target is established, ensuring that the EU's overall objective for average fleet emissions is met. All these factors will help in the region's future growth of the market.
The Germany market dominated the Europe Green Tire Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,808 million by 2030. The UK market is exhibiting a CAGR of 7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.8% during (2023 - 2030).
Based on Type, the market is segmented into On-road Tires, and Off-road Tires. Based on Application, the market is segmented into Passenger Cars, and Commercial Vehicle. Based on Sales Channel, the market is segmented into OEM, and Aftermarket. Based on Tire Size, the market is segmented into 15 inch, 16 inch, 17 inch, and 18 inch. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Green Tire Market will Hit $59.3 Billion by 2030, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zhongce Rubber Group Co., Limited, Toyo Tire Corporation, Nokian Tyres plc, MRF Limited, Continental AG, Bridgestone Corporation, Pirelli & C. S.p.A., The Goodyear Tire & Rubber Company, Hankook Tire & Technology and The Yokohama Rubber Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- On-road Tires
- Off-road Tires
By Application
- Passenger Cars
- Commercial Vehicle
By Sales Channel
By Tire Size
- 15 inch
- 16 inch
- 17 inch
- 18 inch
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Zhongce Rubber Group Co., Limited
- Toyo Tire Corporation
- Nokian Tyres plc
- MRF Limited
- Continental AG
- Bridgestone Corporation
- Pirelli & C. S.p.A.
- The Goodyear Tire & Rubber Company
- Hankook Tire & Technology
- The Yokohama Rubber Co., Ltd.
TABLE 1 Europe Green Tire Market, 2019 - 2022, USD Million
TABLE 2 Europe Green Tire Market, 2023 - 2030, USD Million
TABLE 3 Europe Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 4 Europe Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 5 Europe On-road Tires Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe On-road Tires Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Off-road Tires Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Off-road Tires Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 10 Europe Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 11 Europe Passenger Cars Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Passenger Cars Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 16 Europe Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 17 Europe OEM Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe OEM Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Aftermarket Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 22 Europe Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 23 Europe 15 inch Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe 15 inch Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe 16 inch Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe 16 inch Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe 17 inch Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe 17 inch Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe 18 inch Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe 18 inch Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Green Tire Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Green Tire Market by Country, 2023 - 2030, USD Million
TABLE 33 Germany Green Tire Market, 2019 - 2022, USD Million
TABLE 34 Germany Green Tire Market, 2023 - 2030, USD Million
TABLE 35 Germany Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 36 Germany Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 37 Germany Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 38 Germany Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 39 Germany Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 40 Germany Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 41 Germany Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 42 Germany Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 43 UK Green Tire Market, 2019 - 2022, USD Million
TABLE 44 UK Green Tire Market, 2023 - 2030, USD Million
TABLE 45 UK Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 46 UK Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 47 UK Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 48 UK Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 49 UK Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 UK Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 51 UK Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 52 UK Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 53 France Green Tire Market, 2019 - 2022, USD Million
TABLE 54 France Green Tire Market, 2023 - 2030, USD Million
TABLE 55 France Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 56 France Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 57 France Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 58 France Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 59 France Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 60 France Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 61 France Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 62 France Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 63 Russia Green Tire Market, 2019 - 2022, USD Million
TABLE 64 Russia Green Tire Market, 2023 - 2030, USD Million
TABLE 65 Russia Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 66 Russia Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 67 Russia Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 68 Russia Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 69 Russia Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 70 Russia Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 71 Russia Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 72 Russia Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 73 Spain Green Tire Market, 2019 - 2022, USD Million
TABLE 74 Spain Green Tire Market, 2023 - 2030, USD Million
TABLE 75 Spain Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 76 Spain Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 77 Spain Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 78 Spain Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 79 Spain Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 80 Spain Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 81 Spain Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 82 Spain Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 83 Italy Green Tire Market, 2019 - 2022, USD Million
TABLE 84 Italy Green Tire Market, 2023 - 2030, USD Million
TABLE 85 Italy Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 86 Italy Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 87 Italy Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 88 Italy Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 89 Italy Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 90 Italy Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 91 Italy Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 92 Italy Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 93 Rest of Europe Green Tire Market, 2019 - 2022, USD Million
TABLE 94 Rest of Europe Green Tire Market, 2023 - 2030, USD Million
TABLE 95 Rest of Europe Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 96 Rest of Europe Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 97 Rest of Europe Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 98 Rest of Europe Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 99 Rest of Europe Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 101 Rest of Europe Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 103 Key Information – Zhongce Rubber Group Co., Limited
TABLE 104 Key Information – Toyo Tire Corporation
TABLE 105 Key Information – Nokian Tyres plc
TABLE 106 Key Information – MRF Limited
TABLE 107 Key Information – Continental AG
TABLE 108 Key Information – Bridgestone Corporation
TABLE 109 Key Information – Pirelli & C. S.p.A.
TABLE 110 Key Information – The Goodyear Tire & Rubber Company
TABLE 111 Key Information – Hankook Tire & Technology
TABLE 112 Key Information – The Yokohama Rubber Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Green Tire Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting green tire market
FIG 4 Porter’s Five Forces Analysis - Green Tire Market
FIG 5 Europe Green Tire Market share by Type, 2022
FIG 6 Europe Green Tire Market share by Type, 2030
FIG 7 Europe Green Tire Market by Type, 2019 - 2030, USD Million
FIG 8 Europe Green Tire Market share by Application, 2022
FIG 9 Europe Green Tire Market share by Application, 2030
FIG 10 Europe Green Tire Market by Application, 2019 - 2030, USD Million
FIG 11 Europe Green Tire Market share by Sales Channel, 2022
FIG 12 Europe Green Tire Market share by Sales Channel, 2030
FIG 13 Europe Green Tire Market by Sales Channel, 2019 - 2030, USD Million
FIG 14 Europe Green Tire Market share by Tire Size, 2022
FIG 15 Europe Green Tire Market share by Tire Size, 2030
FIG 16 Europe Green Tire Market by Tire Size, 2019 - 2030, USD Million
FIG 17 Europe Green Tire Market share by Country, 2022
FIG 18 Europe Green Tire Market share by Country, 2030
FIG 19 Europe Green Tire Market by Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Zhongce Rubber Group Co., Limited
FIG 21 SWOT Analysis: Toyo Tire Corporation
FIG 22 SWOT Analysis: Nokian Tyres plc
FIG 23 SWOT Analysis: MRF Limited
FIG 24 SWOT Analysis: Continental AG
FIG 25 SWOT Analysis: Bridgestone Corporation
FIG 26 SWOT Analysis: Pirelli & C. S.p.A.
FIG 27 SWOT Analysis: The Goodyear Tire & Rubber Company
FIG 28 SWOT Analysis: Hankook Tire & Technology
FIG 29 SWOT Analysis: The Yokohama Rubber Co., Ltd.