Europe green tire market is projected to grow at a CAGR of over 14% during 2019 - 2024
Retrieved on:
Tuesday, January 7, 2020
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.
Key Points:
- 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.
- Europe 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.
- 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 Europe green tire market are Compagnie Gnrale des tablissements 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.