Global Green Tires Market to Reach $193.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Green Tires estimated at US$104.8 Billion in the year 2020, is projected to reach a revised size of US$193.9 Billion by 2027, growing at a CAGR of 9.2% over the analysis period 2020-2027. Silica Incorporated Rubber, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$85.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Butyl Rubber segment is readjusted to a revised 9.8% CAGR for the next 7-year period.The U.S. Market is Estimated at $31 Billion, While China is Forecast to Grow at 8.6% CAGR
The Green Tires market in the U.S. is estimated at US$31 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$33.6 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.Silane Incorporated Rubber Segment to Record 8.8% CAGR
In the global Silane Incorporated Rubber segment, USA, Canada, Japan, China and Europe will drive the 8.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.4 Billion in the year 2020 will reach a projected size of US$26.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 19 Featured) -
- Apollo Tyres Ltd.
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Cheng Shin Rubber Ind. Co., Ltd.
- Continental AG
- Cooper Tire & Rubber Company
- Goodyear Tire & Rubber Company
- Hankook Tire Co., Ltd.
- Kenda Tires
- Kumho Tire Co., Inc.
- Michelin
- MRF Ltd.
- Nexen Group, Inc.
- Nokian Tyres plc
- Petlas
- Pirelli & C. SpA
- Sailun Tires
- Shandong Linglong Tire Co., Ltd.
- The Yokohama Rubber Co., Ltd.
- Toyo Tires
- ZHONGCE Rubber Group Co., Ltd.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 233 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 104.8 Billion |
Forecasted Market Value ( USD | $ 193.9 Billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
A selection of companies mentioned in this report includes:
- Apollo Tyres Ltd.
- Balkrishna Industries Limited (BKT)
- Bridgestone Corporation
- Cheng Shin Rubber Ind. Co., Ltd.
- Continental AG
- Cooper Tire & Rubber Company
- Goodyear Tire & Rubber Company
- Hankook Tire Co., Ltd.
- Kenda Tires
- Kumho Tire Co., Inc.
- Michelin
- MRF Ltd.
- Nexen Group, Inc.
- Nokian Tyres plc
- Petlas
- Pirelli & C. SpA
- Sailun Tires
- Shandong Linglong Tire Co., Ltd.
- The Yokohama Rubber Co., Ltd.
- Toyo Tires
- ZHONGCE Rubber Group Co., Ltd.