Global Automotive Green Tires Market 2018-2022|Industry Analysis and Forecast| Technavio

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Dec 11, 2018 09:45 am
LONDON -- 

Technavio’s global automotive green tires market research report forecasts the market to grow at a CAGR of around 15% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181211005557/en/

Technavio has released a new market research report on the global automotive green tires market for  ...

Technavio has released a new market research report on the global automotive green tires market for the period 2018-2022. (Graphic: Business Wire)

The developments in the field of automotive green tires will be one of the major trends in the global automotive green tires market during 2018-2022. The developments in the field of automotive green tires are being driven by the growing concerns on environmental pollution caused by automobile tires. The stringent emission standards are driving the developments of innovative tire designs, which are made using advanced, energy-efficient materials.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

According to Technavio analysts, one of the key drivers for the global automotive green tires market is the high affordability and low maintenance cost:

Global automotive green tires market: High affordability and low maintenance cost

Some of the crucial drivers of for the global automotive green tires market are the low cost of purchase, affordability, and low maintenance cost. These factors are promoting the penetration of automotive green tires in the global automotive market, where consumers are opting for environment-friendly tires in their vehicles.

According to a senior research analyst at Technavio, “The automotive green tires are appropriately priced in the global automotive market. The vendors operating in the global automotive green tires market offer green tires for each vehicle segment. For instance, Bridgestone offers its Ecopia range of tires at USD 40- USD 60 per tire depending upon vehicle model.”

Global automotive green tires market: Segmentation analysis

This global automotive green tires market analysis report provides market segmentation by application (passenger vehicles and commercial vehicles) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major applications, the passenger vehicles segment held the largest automotive green tires market share in 2017, contributing to approximately 85% of the market. This application segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting for close to 48% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

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