"The replacement market for green tires has also grown through better consumer education and awareness provided by the European Unionís consumer tire labelling plan that rates tire rolling resistance and other performance variables. Regulatory and labelling plans promoting OE and replacement LRR tires are expanding beyond Europe, too, and could possibly be coming to the U.S. OE market penetration is catching up to European levels in other regions with discussions taking place in the US."
According the report, Growing Focus From OEMs towards Energy Efficient Solution
is one of the primary growth factors for the market. Emphasizing on reducing emission by Minimizing Rolling Resistance of Tires
is also expected to contribute significantly to the Green Tires market. Overall, Passenger Cars
applications of Green Tires, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Green Tires market identified that the demand is rising in many different parts of the world as "Growing Need towards Fuel conservation Amid Scarcity of Fossil Fuels
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Green Tires market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Green Tires market and other related sub-markets covered in the study.
o Key & emerging players in the Green Tires market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Green Tires market size is calculated using market estimation process, the Green Tires market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Green Tires market size has been validated using both top-down and bottom-up approaches.