BRITISH research firm, TechNavio, has published a forecast on the Global Green Tyre market, which it says is seen to grow at a CAGR of 9.82% over the period 2012-2016.
Based on their findings, among the key factors contributing to this market growth is the tightening of fuel economy standards. Moreover, there is a marked increase in demand for green tyres from the BRIC countries. However, the financial crisis in Europe could pose a challenge to the growth of this market.
According to TechNavio, the report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the EMEA and APAC regions, and the Americas; it also covers the Global Green Tyre market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
It finds that Bridgestone, Compagnie Generale des Etablissements Michelin SCA, Continental AG, and The Goodyear Tire and Rubber Co are among the major vendors currently dominating the market.