Green Tires Market to Accelerate Growth, Reaching $25B by 2034 on Rising Eco Demand and Emissions Regulations
• The automotive green tires market size was US$ 11.5 billion in 2023 and is projected to reach US$ 25 billion by 2034, growing at a CAGR of 4.5% during the forecast period.
• Rising consumer awareness and demand for eco-friendly products is a major driver for the growth of green tires.
• Stringent government regulations on emissions reduction and support for environmentally friendly transportation options also propel market growth.
• Key players like Bridgestone, Michelin, and Continental are focused on innovations in materials and manufacturing to develop more sustainable and high performance green tires.
• Startups are disrupting the market by pioneering new approaches to green tire technology, efficiency, and environmental stewardship.