TechNavio recognizes the following companies as the key players in the Global Green Tire Market: Bridgestone Corp., Compagnie Generale des Etablissements Michelin SCA, Continental AG, and The Goodyear Tire and Rubber Co.
Commenting on the report, an analyst from TechNavio’s team said: “Increase in factory automation is another major trend in the Global Green Tire market. The Global Factory Automation market was valued at US$128.98 billion in 2011 and is expected to reach US$184.99 billion by 2015. Automation offers various benefits such as a decrease in production time, which further reduces the lead time. As a result, products are available more quickly in the market. Automation also reduces long-term production costs by increasing efficiency, and helps improve quality by reducing human error. In addition, automation reduces cycle time and thus helps companies remain competitive.”
According to the report, one of the main drivers in this market is the implementation of stringent fuel efficiency standards. The increasingly strict fuel economy standards being implemented globally have a direct positive influence on the demand for green tires, resulting in the growth of the Global Green Tire market.
Further, the report states that one of the main challenges in this market is the financial crisis in Europe. The recent economic slowdown in Europe has affected the overall sales of automobiles, and in turn, the Global Green Tire market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-green-tire-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Green Tire Market 2012-2016
