LAMEA Green Tire Market Size, Share & Industry Trends Analysis Report By Type (On-road Tires, and Off-road Tires), By Application, By Sales Channel (OEM, and Aftermarket), By Tire Size, By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Green Tire Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030).

As society becomes increasingly environmentally conscious, consumers and automakers seek ways to reduce their carbon footprint. These are seen as a tangible and accessible means to achieve this goal, as they contribute to lower fuel consumption and reduced greenhouse gas emissions. Government laws that are strict on emissions and fuel economy have been a significant factor in the development of green tires.

Moreover, green tires are synonymous with improved fuel efficiency. With rising fuel prices and a desire for cost savings, consumers gravitate towards tires that help them get more miles per gallon, reducing fuel consumption's environmental impact and expenses. Today's consumers are more informed and eco-conscious than ever before. They actively seek sustainable products, including green tires, to align their purchasing decisions with environmental values.

Brazil’s National Policy on the Environment creates liability for environmental damage. The rules of strict liability and integral compensation of environmental damage allow for the recovery of costs incurred by exceptional public action in events involving accidental pollution. As per one of the reports by the OECD-Brazil project, vehicle retail sales are subject to a federal tax on manufactured products (IPI tax), which has been partially aligned with environmental factors since 2018. For light-duty vehicles, the tax rate varies between 7% and 25%, depending on the vehicle’s fuel type, weight, engine size, and energy efficiency. Diesel light-duty vehicles are subject to the highest rate (25%); petrol vehicles to 7% to 25% rates; and electric, hybrid, and flexible cars to 7-20% rates. These factors will help boost adoption and demand in the LAMEA region.

The Brazil market dominated the LAMEA Green Tire Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,055.6 million by 2030. The Argentina market is experiencing a CAGR of 10.8% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 9.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Green Tire Market is Projected to reach USD 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

• OEM
• Aftermarket

By Tire Size

• 15 inch
• 16 inch
• 17 inch
• 18 inch

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Green Tire Market, by Type
1.4.2 LAMEA Green Tire Market, by Application
1.4.3 LAMEA Green Tire Market, by Sales Channel
1.4.4 LAMEA Green Tire Market, by Tire Size
1.4.5 LAMEA Green Tire Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis

Chapter 4. Strategies Developed in Green Tire Market

Chapter 5. LAMEA Green Tire Market by Type
5.1 LAMEA On-road Tires Market by Country
5.2 LAMEA Off-road Tires Market by Country

Chapter 6. LAMEA Green Tire Market by Application
6.1 LAMEA Passenger Cars Market by Country
6.2 LAMEA Commercial Vehicle Market by Country

Chapter 7. LAMEA Green Tire Market by Sales Channel
7.1 LAMEA OEM Market by Country
7.2 LAMEA Aftermarket Market by Country

Chapter 8. LAMEA Green Tire Market by Tire Size
8.1 LAMEA 15 inch Market by Country
8.2 LAMEA 16 inch Market by Country
8.3 LAMEA 17 inch Market by Country
8.4 LAMEA 18 inch Market by Country

Chapter 9. LAMEA Green Tire Market by Country
9.1 Brazil Green Tire Market
9.1.1 Brazil Green Tire Market by Type
9.1.2 Brazil Green Tire Market by Application
9.1.3 Brazil Green Tire Market by Sales Channel
9.1.4 Brazil Green Tire Market by Tire Size
9.2 Argentina Green Tire Market
9.2.1 Argentina Green Tire Market by Type
9.2.2 Argentina Green Tire Market by Application
9.2.3 Argentina Green Tire Market by Sales Channel
9.2.4 Argentina Green Tire Market by Tire Size
9.3 UAE Green Tire Market
9.3.1 UAE Green Tire Market by Type
9.3.2 UAE Green Tire Market by Application
9.3.3 UAE Green Tire Market by Sales Channel
9.3.4 UAE Green Tire Market by Tire Size
9.4 Saudi Arabia Green Tire Market
9.4.1 Saudi Arabia Green Tire Market by Type
9.4.2 Saudi Arabia Green Tire Market by Application
9.4.3 Saudi Arabia Green Tire Market by Sales Channel
9.4.4 Saudi Arabia Green Tire Market by Tire Size
9.5 South Africa Green Tire Market
9.5.1 South Africa Green Tire Market by Type
9.5.2 South Africa Green Tire Market by Application
9.5.3 South Africa Green Tire Market by Sales Channel
9.5.4 South Africa Green Tire Market by Tire Size
9.6 Nigeria Green Tire Market
9.6.1 Nigeria Green Tire Market by Type
9.6.2 Nigeria Green Tire Market by Application
9.6.3 Nigeria Green Tire Market by Sales Channel
9.6.4 Nigeria Green Tire Market by Tire Size
9.7 Rest of LAMEA Green Tire Market
9.7.1 Rest of LAMEA Green Tire Market by Type
9.7.2 Rest of LAMEA Green Tire Market by Application
9.7.3 Rest of LAMEA Green Tire Market by Sales Channel
9.7.4 Rest of LAMEA Green Tire Market by Tire Size

Chapter 10. Company Profiles
10.1 Zhongce Rubber Group Co., Limited
10.1.1 Company Overview
10.1.2 SWOT Analysis
10.2 Toyo Tire Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Nokian Tyres plc
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 SWOT Analysis
10.4 MRF Limited
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Research & Development Expenses
10.4.4 SWOT Analysis
10.5 Continental AG
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.5.2 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Bridgestone Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Partnerships, Collaborations, and Agreements:
10.6.5 SWOT Analysis
10.7 Pirelli & C. S.p.A.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 SWOT Analysis
10.8 The Goodyear Tire & Rubber Company
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 Hankook Tire & Technology
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Product Launches and Product Expansions:
10.9.5 SWOT Analysis
10.10. The Yokohama Rubber Co., Ltd.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental Analysis
10.10.4 Recent strategies and developments:
10.10.4.1 Acquisition and Mergers:
10.10.5 SWOT Analysis

TABLE 1 LAMEA Green Tire Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Green Tire Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 5 LAMEA On-road Tires Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA On-road Tires Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Off-road Tires Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Off-road Tires Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 10 LAMEA Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 11 LAMEA Passenger Cars Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Passenger Cars Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 16 LAMEA Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 17 LAMEA OEM Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA OEM Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Aftermarket Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 22 LAMEA Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 23 LAMEA 15 inch Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA 15 inch Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA 16 inch Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA 16 inch Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA 17 inch Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA 17 inch Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA 18 inch Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA 18 inch Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Green Tire Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Green Tire Market by Country, 2023 - 2030, USD Million
TABLE 33 Brazil Green Tire Market, 2019 - 2022, USD Million
TABLE 34 Brazil Green Tire Market, 2023 - 2030, USD Million
TABLE 35 Brazil Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 36 Brazil Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 37 Brazil Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 38 Brazil Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 39 Brazil Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 40 Brazil Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 41 Brazil Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 42 Brazil Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 43 Argentina Green Tire Market, 2019 - 2022, USD Million
TABLE 44 Argentina Green Tire Market, 2023 - 2030, USD Million
TABLE 45 Argentina Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 46 Argentina Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 47 Argentina Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 48 Argentina Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 49 Argentina Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 Argentina Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 51 Argentina Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 52 Argentina Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 53 UAE Green Tire Market, 2019 - 2022, USD Million
TABLE 54 UAE Green Tire Market, 2023 - 2030, USD Million
TABLE 55 UAE Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 56 UAE Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 57 UAE Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 58 UAE Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 59 UAE Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 60 UAE Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 61 UAE Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 62 UAE Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Green Tire Market, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Green Tire Market, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 73 South Africa Green Tire Market, 2019 - 2022, USD Million
TABLE 74 South Africa Green Tire Market, 2023 - 2030, USD Million
TABLE 75 South Africa Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 76 South Africa Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 77 South Africa Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 78 South Africa Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 79 South Africa Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 80 South Africa Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 81 South Africa Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 82 South Africa Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 83 Nigeria Green Tire Market, 2019 - 2022, USD Million
TABLE 84 Nigeria Green Tire Market, 2023 - 2030, USD Million
TABLE 85 Nigeria Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 86 Nigeria Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 87 Nigeria Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 88 Nigeria Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 89 Nigeria Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 90 Nigeria Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 91 Nigeria Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 92 Nigeria Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 93 Rest of LAMEA Green Tire Market, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Green Tire Market, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 97 Rest of LAMEA Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 101 Rest of LAMEA Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA 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 LAMEA 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 LAMEA Green Tire Market share by Type, 2022
FIG 6 LAMEA Green Tire Market share by Type, 2030
FIG 7 LAMEA Green Tire Market by Type, 2019 - 2030, USD Million
FIG 8 LAMEA Green Tire Market share by Application, 2022
FIG 9 LAMEA Green Tire Market share by Application, 2030
FIG 10 LAMEA Green Tire Market by Application, 2019 - 2030, USD Million
FIG 11 LAMEA Green Tire Market share by Sales Channel, 2022
FIG 12 LAMEA Green Tire Market share by Sales Channel, 2030
FIG 13 LAMEA Green Tire Market by Sales Channel, 2019 - 2030, USD Million
FIG 14 LAMEA Green Tire Market share by Tire Size, 2022
FIG 15 LAMEA Green Tire Market share by Tire Size, 2030
FIG 16 LAMEA Green Tire Market by Tire Size, 2019 - 2030, USD Million
FIG 17 LAMEA Green Tire Market share by Country, 2022
FIG 18 LAMEA Green Tire Market share by Country, 2030
FIG 19 LAMEA 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.