North America automotive green tires market to surpass $44.5 billion by 2027
According to a recent study from market research firm Graphical Research, the North America automotive green tires market size is set to register a significant growth during the forecast timeframe, due to the growing adoption of technologically advanced and sustainable automobile solutions across the region. The spiraling demand for battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs) is also likely to have a positive bearing on the progression of the market through the next few years.
With several initiatives made toward the reduction of environmental footprint across the North American region, automotive green tires market is expected to undergo a substantial transformation. Green tires can effectively address the need for sustainable transport solutions as they are eco-friendly and fuel efficient. They are manufactured using more than 200 ingredients and 20 rubber varieties for achieving exceptional performance, wet grip, and handling.
The accelerated demand for eco-friendly tires and green