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Europe Green Tire Market, By Vehicle Type (Passenger Car, LCV & HCV), By Product Type (Radial & Bias), By End User (Aftermarket & OEM), By Rim Size (12-15 Inch, 16-20 Inch & Above 20 Inch), By Country, Competition, Forecast & Opportunities, 2024

  • ID: 4896394
  • Report
  • December 2019
  • Region: Europe
  • 85 pages
  • TechSci Research
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The European Green Tire Market is Projected to Grow at a CAGR of Over 14% During 2019 - 2024.

FEATURED COMPANIES

  • Apollo Vredestein B.V.
  • Bridgestone Europe NV/SA
  • Nokian Tyres PLC
  • Pirelli & C. S.p.A.
  • Yokohama Europe Gmbh
  • MORE
The European Green Tire Market is projected to grow at a CAGR of over 14% during 2019 - 2024, on account of increasing vehicle sales and fleet size as well as government regulations on tire energy labelling. Green tires are manufactured from renewable materials such as nylon rubber unlike conventional tires that are made of rubber. Several tire manufacturers have started adopting environment friendly raw materials that help make tires lighter, thereby reducing vehicle weight. Low weight of the vehicle provides high efficiency with low rolling resistance and less fuel consumption. Moreover, government regulations pertaining to the environmental performance of tire industry and surging consumer awareness is expected to positively influence the market during forecast period.

The European Green Tire Market can be segmented based on vehicle type, product type, end-user and rim size. Based on vehicle type, the region’s green tire market can be segmented into passenger car, LCV and HCV. Passenger cars lead automobile production in Europe and the segment is expected to grow at a brisk rate during the forecast period. Moreover, automakers are focusing on enhancing the fuel efficiency of vehicles, which is resulting in high demand for fuel-efficient tires, thereby driving the green tire market in Europe. Based on product type, the market can be bifurcated into radial and bias. Consumers prefer radial tires due to their advantages, such as flexible sidewalls and reduced fuel consumption due to less vibration and resistance over their counterparts.

The Green tire market in Europe is registering growth, on account of rising vehicle production and sales as well as increasing government regulations on tire energy labelling that is increasing the installation rate of green tires. In terms of regional analysis, the market has been segmented into Germany, France, Spain, Italy, and UK. Germany accounts for the largest share in the region’s green tire market, primarily due to large existing fleet of passenger cars in the country. Being one of the major exporting hubs for automobile producers, Germany’s automotive industry is known worldwide for its high-quality automobile manufacturing. Moreover, the country is the fourth largest in terms of total vehicle production, globally, after China, US and Japan. High vehicle ownership coupled with moderate growth in new vehicle sales is expected to continue boosting green tire sales in Germany in the coming years.

Some of the major players operating in the European Green Tire Market are Compagnie Générale des Établissements Michelin, Goodyear Dunlop Tires Europe B.V., Continental Aktiengesellschaft, Bridgestone Europe NV/SA, Pirelli & C. S.p.A., Nokian Tyres Plc, Yokohama Europe Gmbh, Hankook Reifen Deutschland GmbH, Apollo Vredestein B.V., and Cooper Tire & Rubber Company Europe Limited. Key players operating in the market are investing in innovations to earn sound returns on investments. Moreover, strategic moves such as mergers and collaborations are also helping the key players to increase their customer base and expand sales & distribution networks.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024
Objective of the Study:
  • To analyze and forecast the European Green Tire Market size.
  • To classify and forecast the European Green Tire Market based on vehicle type, product type, end-user, rim size and country.
  • To identify drivers and challenges for the European Green Tire Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the European Green Tire Market.
  • To conduct pricing analysis for the European Green Tire Market.
  • To identify and analyze the profile of leading players operating in Europe green tire market.
Some of the leading players in the European Green Tire Market include Compagnie Générale des Établissements Michelin, Goodyear Dunlop Tires Europe B.V., Continental Aktiengesellschaft, Bridgestone Europe NV/SA, Pirelli & C. S.p.A., Nokian Tyres Plc, Yokohama Europe Gmbh, Hankook Reifen Deutschland GmbH, Apollo Vredestein B.V., and Cooper Tire & Rubber Company Europe Limited.

Both primary as well as exhaustive secondary research were performed for this study. Initially, Researchers sourced a list of leading manufacturers across the region. Subsequently, They conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major players operating in green tire market in Europe.

The author calculated the European Green Tire Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. Researchers sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Green tire manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to green tire market
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as green tire manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.

Report Scope:
In this report, the European Green Tire Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Product Type:
  • Radial
  • Bias
Market, By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
Market, By End-User:
  • Aftermarket
  • OEM
Market, By Rim Size:
  • 12-15 Inch
  • 16-20 Inch
  • Above 20 Inch
Market, by Country:
  • Germany
  • France
  • Spain
  • Italy
  • United Kingdom
Competitive Landscape
  • Company Profiles: Detailed analysis of the major companies present in the European Green Tire Market.
Available Customizations:
With the given market data, the author offers customizations according to a client's specific needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Apollo Vredestein B.V.
  • Bridgestone Europe NV/SA
  • Nokian Tyres PLC
  • Pirelli & C. S.p.A.
  • Yokohama Europe Gmbh
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Recall
4.3. Brand Satisfaction Level

5. Europe Green Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (PC, LCV, M&HCV)
5.2.2. By Radial Vs Bias
5.2.3. By Demand Category (OEM Vs Replacement)
5.2.4. By Rim Size
5.2.5. By Company
5.2.6. By Country
5.3. Market Attractiveness Index – By Vehicle Type

6. Europe: Country Analysis
6.1. Germany Green Tire Market Outlook
6.1.1. Market Size & Forecast
6.1.1.1. By Value & Volume
6.1.2. Market Share & Forecast
6.1.2.1. By Vehicle Type
6.1.2.2. By Radial Vs Bias
6.1.2.3. By Demand Category (OEM VS. Replacement)
6.1.2.4. By Rim Size
6.1.3. Market Attractiveness Index (Vehicle Type)
6.2. France Green Tire Market Outlook
6.2.1. Market Size & Forecast
6.2.1.1. By Value & Volume
6.2.2. Market Share & Forecast
6.2.2.1. By Vehicle Type
6.2.2.2. By Radial Vs Bias
6.2.2.3. By Demand Category (OEM VS. Replacement)
6.2.2.4. By Rim Size
6.2.3. Market Attractiveness Index (Vehicle Type)
6.3. United Kingdom Green Tire Market Outlook
6.3.1. Market Size & Forecast
6.3.1.1. By Value & Volume
6.3.2. Market Share & Forecast
6.3.2.1. By Vehicle Type
6.3.2.2. By Radial Vs Bias
6.3.2.3. By Demand Category (OEM VS. Replacement)
6.3.2.4. By Rim Size
6.3.3. Market Attractiveness Index (Vehicle Type)
6.4. Italy Green Tire Market Outlook
6.4.1. Market Size & Forecast
6.4.1.1. By Value & Volume
6.4.2. Market Share & Forecast
6.4.2.1. By Vehicle Type
6.4.2.2. By Radial Vs Bias
6.4.2.3. By Demand Category (OEM VS. Replacement)
6.4.2.4. By Rim Size
6.4.3. Market Attractiveness Index (Vehicle Type)
6.5. Spain Green Tire Market Outlook
6.5.1. Market Size & Forecast
6.5.1.1. By Value & Volume
6.5.2. Market Share & Forecast
6.5.2.1. By Vehicle Type
6.5.2.2. By Radial Vs Bias
6.5.2.3. By Demand Category (OEM VS. Replacement)
6.5.2.4. By Rim Size
6.5.3. Market Attractiveness Index (Vehicle Type)

7. Market Trends & Developments

8. Market Dynamics
8.1. Competitive Landscape
8.2. Compagnie Générale des Établissements Michelin
8.3. Bridgestone Europe NV/SA
8.4. Continental Aktiengesellschaft
8.5. Goodyear Dunlop Tires Europe B.V.
8.6. Pirelli & C. S.p.A.
8.7. Nokian Tyres PLC
8.8. Hankook Reifen Deutschland GmbH
8.9. Yokohama Europe Gmbh
8.10. Apollo Vredestein B.V.
8.11. Cooper Tire & Rubber Company Europe Limited
8.12. Strategic Recommendations
Note: Product cover images may vary from those shown
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  • Compagnie Générale des Établissements Michelin
  • Bridgestone Europe NV/SA
  • Continental Aktiengesellschaft
  • Goodyear Dunlop Tires Europe B.V.
  • Pirelli & C. S.p.A.
  • Nokian Tyres PLC
  • Hankook Reifen Deutschland GmbH
  • Yokohama Europe Gmbh
  • Apollo Vredestein B.V.
  • Cooper Tire & Rubber Company Europe Limited
Note: Product cover images may vary from those shown
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