Global Automotive Green Tires Market

Automotive Green Tires Market Size, Share, Growth Analysis, By Vehicle (Passenger Car, Commercial Vehicles), By Application (On-Road, Off-Road), By End Use (OEM, Aftermarket), By Region -Industry Forecast 2025-2032

Report ID: SQMIG25B2026 | Region: Global | Published Date: January, 2025
Pages: 198 | Tables: 84 | Figures: 71

Automotive Green Tires Market News

  • In January 2023, Goodyear announced the launch of their automobile green tire. The tire is made of 90% sustainable material and will be used in electric cars. The composition of the tire is soybean oil and polyester from recycled plastic bottles.
  • In May 2022, Pirelli invested USD 15 million to build a state-of-the-art technology and digitization center next to its Silao, Mexico, facility. It will produce tires for the increasingly connected, ecological, and electric cars of the future.
  • In April 2022, Bridgestone declared that Mercedes-Benz AG has selected it to be the tire development partner for the Mercedes-Benz VISION EQXX. Experts from Mercedes-Benz and Bridgestone cooperated to create specially designed tires that have increased the car's economy and allowed it to drive up to 1,000 kilometers in the real world on a single charge.
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Global Automotive Green Tires Market size was valued at USD 106.3 Billion in 2023 and is poised to grow from USD 118.6 Billion in 2024 to USD 274.2 Billion by 2032, growing at a CAGR of 11.4% in the forecast period (2025-2032).

The competitive environment of the global automotive green tires industry is characterized by leading international companies that emphasize sustainability and innovation. To gain a competitive advantage, businesses are investing in sustainable production methods, smart tire technologies, and advanced materials. Large firms may form strategic alliances, mergers, and acquisitions to enhance their market position. The pressure to adhere to very specific environmental regulations increase competition in this fast-changing industry. 'Michelin', 'Bridgestone Corporation', 'Continental AG', 'Goodyear Tire & Rubber Company', 'Pirelli & C. S.p.A.', 'Hankook Tire & Technology Co., Ltd.', 'Sumitomo Rubber Industries, Ltd.', 'Yokohama Rubber Co., Ltd.', 'Toyo Tire Corporation', 'Kumho Tire Co., Inc.', 'Nokian Tyres Plc', 'Apollo Tyres Ltd.', 'CEAT Limited', 'Falken Tire Corporation', 'MRF Limited'

As consumers increasingly focus on their environmentally friendly and sustainable lifestyle needs in every phase of life, such as car components, environmental concerns drive demand for them. Green tires reduce pollutants, and the usage of fuel is more in vogue. Rising awareness among the consumers, with more emphasis on goods that deliver energy efficiency through saving costs, coupled with contribution towards environmental savings, is raising the demand, pushing the growth for this market across geographies.

Combining Intelligent Tire Technologies: The global market is changing due to the integration of smart tire technology in green tires. Features such as integrated sensors provide real-time data on tire pressure, temperature, and performance to maximize driving economy and prolong tire life. As a result of this innovation that also increases safety and energy savings, smart green tires will attract more customers who are concerned about the environment and technology.

Asia-Pacific led the automotive green tires market in 2024. The demand coming from China, India, and Japan mostly reinforce the supremacy. Regional market revenue is expected to be boosted through increased car ownership brought on through rising disposable incomes and strict pollution standards and laws set out by various nations. APAC accounted for about half of the world's automobile output in 2024. More than a quarter of all vehicles sold across the globe in the same period were from China, the world's largest automaker. With most of the world's largest automakers shifting their manufacturing base there in recent years, the region has emerged as a hub for the automobile sector.

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Global Automotive Green Tires Market

Report ID: SQMIG25B2026

$5,300
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