PUBLISHER: KBV Research | PRODUCT CODE: 1384793
PUBLISHER: KBV Research | PRODUCT CODE: 1384793
North America 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 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.
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
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- 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.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
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
- 3.1.1 Overview
- 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
LIST OF TABLES
- 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.
