The North America Green Tire Market would witness market growth of 8.2% CAGR during the forecast period (2023-2030).
One of the most revolutionary innovations is the development of airless or non-pneumatic tires. These tires eliminate the need for air, making them puncture-proof and highly durable. They also reduce the environmental impact associated with traditional tire manufacturing and disposal. Biodegradable materials are being investigated by researchers for application in tire production. These tires aim to address end-of-life disposal concerns by breaking down naturally reducing waste and pollution. Additive manufacturing techniques, such as 3D printing, are being employed to create customized and highly efficient tire designs. This innovation has the potential to optimize tire performance and reduce material waste.
Nanomaterials are incorporated into tire compounds to enhance strength, reduce rolling resistance, and improve wet grip. This technology enables the development of high-performance green tires. Hybrid tires combine the best features of conventional and green tires, offering improved fuel efficiency without compromising on safety and handling. These tires represent a harmonious blend of innovation and practicality.
Economic, technological, societal, and regulatory factors influence the growth of the automotive sector and vehicle sales in the United States. Federal and state-level policies and regulations can significantly impact the automotive sector. Tax incentives for buyers, emissions standards, and safety regulations can influence vehicle design and sales. In accordance with the United States Bureau of Transportation Statistics, passenger car sales in 2021 were 2,376 thousand, and for commercial vehicles, it was 9,455 thousand. These factors are expected to boost the demand for green tires in the North America region.
The US market dominated the North America Green Tire Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,284.9 million by 2030. The Canada market is showcasing a CAGR of 10.6% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 9.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Green Tire Market is Predict to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Green Tire Market, by Type
1.4.2 North America Green Tire Market, by Application
1.4.3 North America Green Tire Market, by Sales Channel
1.4.4 North America Green Tire Market, by Tire Size
1.4.5 North America 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. North America Green Tire Market by Type
5.1 North America On-road Tires Market by Country
5.2 North America Off-road Tires Market by Country
Chapter 6. North America Green Tire Market by Application
6.1 North America Passenger Cars Market by Country
6.2 North America Commercial Vehicle Market by Country
Chapter 7. North America Green Tire Market by Sales Channel
7.1 North America OEM Market by Country
7.2 North America Aftermarket Market by Country
Chapter 8. North America Green Tire Market by Tire Size
8.1 North America 15 inch Market by Country
8.2 North America 16 inch Market by Country
8.3 North America 17 inch Market by Country
8.4 North America 18 inch Market by Country
Chapter 9. North America Green Tire Market by Country
9.1 US Green Tire Market
9.1.1 US Green Tire Market by Type
9.1.2 US Green Tire Market by Application
9.1.3 US Green Tire Market by Sales Channel
9.1.4 US Green Tire Market by Tire Size
9.2 Canada Green Tire Market
9.2.1 Canada Green Tire Market by Type
9.2.2 Canada Green Tire Market by Application
9.2.3 Canada Green Tire Market by Sales Channel
9.2.4 Canada Green Tire Market by Tire Size
9.3 Mexico Green Tire Market
9.3.1 Mexico Green Tire Market by Type
9.3.2 Mexico Green Tire Market by Application
9.3.3 Mexico Green Tire Market by Sales Channel
9.3.4 Mexico Green Tire Market by Tire Size
9.4 Rest of North America Green Tire Market
9.4.1 Rest of North America Green Tire Market by Type
9.4.2 Rest of North America Green Tire Market by Application
9.4.3 Rest of North America Green Tire Market by Sales Channel
9.4.4 Rest of North America 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 North America Green Tire Market, 2019 - 2022, USD Million
TABLE 2 North America Green Tire Market, 2023 - 2030, USD Million
TABLE 3 North America Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 5 North America On-road Tires Market by Country, 2019 - 2022, USD Million
TABLE 6 North America On-road Tires Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Off-road Tires Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Off-road Tires Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 10 North America Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 11 North America Passenger Cars Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Passenger Cars Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Commercial Vehicle Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 16 North America Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 17 North America OEM Market by Country, 2019 - 2022, USD Million
TABLE 18 North America OEM Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Aftermarket Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 22 North America Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 23 North America 15 inch Market by Country, 2019 - 2022, USD Million
TABLE 24 North America 15 inch Market by Country, 2023 - 2030, USD Million
TABLE 25 North America 16 inch Market by Country, 2019 - 2022, USD Million
TABLE 26 North America 16 inch Market by Country, 2023 - 2030, USD Million
TABLE 27 North America 17 inch Market by Country, 2019 - 2022, USD Million
TABLE 28 North America 17 inch Market by Country, 2023 - 2030, USD Million
TABLE 29 North America 18 inch Market by Country, 2019 - 2022, USD Million
TABLE 30 North America 18 inch Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Green Tire Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Green Tire Market by Country, 2023 - 2030, USD Million
TABLE 33 US Green Tire Market, 2019 - 2022, USD Million
TABLE 34 US Green Tire Market, 2023 - 2030, USD Million
TABLE 35 US Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 36 US Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 37 US Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 38 US Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 39 US Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 40 US Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 41 US Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 42 US Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 43 Canada Green Tire Market, 2019 - 2022, USD Million
TABLE 44 Canada Green Tire Market, 2023 - 2030, USD Million
TABLE 45 Canada Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 46 Canada Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 47 Canada Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 48 Canada Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 49 Canada Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 Canada Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 51 Canada Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 52 Canada Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 53 Mexico Green Tire Market, 2019 - 2022, USD Million
TABLE 54 Mexico Green Tire Market, 2023 - 2030, USD Million
TABLE 55 Mexico Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 56 Mexico Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 57 Mexico Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 58 Mexico Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 59 Mexico Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 60 Mexico Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 61 Mexico Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 62 Mexico Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 63 Rest of North America Green Tire Market, 2019 - 2022, USD Million
TABLE 64 Rest of North America Green Tire Market, 2023 - 2030, USD Million
TABLE 65 Rest of North America Green Tire Market by Type, 2019 - 2022, USD Million
TABLE 66 Rest of North America Green Tire Market by Type, 2023 - 2030, USD Million
TABLE 67 Rest of North America Green Tire Market by Application, 2019 - 2022, USD Million
TABLE 68 Rest of North America Green Tire Market by Application, 2023 - 2030, USD Million
TABLE 69 Rest of North America Green Tire Market by Sales Channel, 2019 - 2022, USD Million
TABLE 70 Rest of North America Green Tire Market by Sales Channel, 2023 - 2030, USD Million
TABLE 71 Rest of North America Green Tire Market by Tire Size, 2019 - 2022, USD Million
TABLE 72 Rest of North America Green Tire Market by Tire Size, 2023 - 2030, USD Million
TABLE 73 Key Information – Zhongce Rubber Group Co., Limited
TABLE 74 Key Information – Toyo Tire Corporation
TABLE 75 Key Information – Nokian Tyres plc
TABLE 76 Key Information – MRF Limited
TABLE 77 Key Information – Continental AG
TABLE 78 Key Information – Bridgestone Corporation
TABLE 79 Key Information – Pirelli & C. S.p.A.
TABLE 80 Key Information – The Goodyear Tire & Rubber Company
TABLE 81 Key Information – Hankook Tire & Technology
TABLE 82 Key Information – The Yokohama Rubber Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Green Tire Market share by Type, 2022
FIG 6 North America Green Tire Market share by Type, 2030
FIG 7 North America Green Tire Market by Type, 2019 - 2030, USD Million
FIG 8 North America Green Tire Market share by Application, 2022
FIG 9 North America Green Tire Market share by Application, 2030
FIG 10 North America Green Tire Market by Application, 2019 - 2030, USD Million
FIG 11 North America Green Tire Market share by Sales Channel, 2022
FIG 12 North America Green Tire Market share by Sales Channel, 2030
FIG 13 North America Green Tire Market by Sales Channel, 2019 - 2030, USD Million
FIG 14 North America Green Tire Market share by Tire Size, 2022
FIG 15 North America Green Tire Market share by Tire Size, 2030
FIG 16 North America Green Tire Market by Tire Size, 2019 - 2030, USD Million
FIG 17 North America Green Tire Market share by Country, 2022
FIG 18 North America Green Tire Market share by Country, 2030
FIG 19 North America 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.
