GREEN TIRES MARKET ANALYSIS
Global Green Tries Market: Segment Trends
Among vehicle types, the passenger cars segment accounted for the largest share in the green tires market in 2017. This is owing to increasing sales of these vehicles, worldwide. According to International Organization of Motor Vehicle Manufacturers, in 2016, around 70 million units of passenger car were sold worldwide. Growing passenger cars per thousand inhabitants reached to 182 per thousand inhabitants in 2015 from 178 in 2014, which is major factor fuelling growth of passenger cars segment. Hence, increasing sales of passenger vehicles will inadvertently increase demand for green tries. This is expected to aid in growth of the segment over the forecast period.
Market- Trends
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