The US tire market is anticipated to grow at a modest CAGR of 1.9% during the forecast period. The growing demand for high-performance tires and innovation in tire technology are the major factor for the growth of the tire market in the country. As per the OICA, vehicle sales are decreasing in the US since 2016. However, there is a considerable demand from the aftersales sector, providing growth opportunities to the market.
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The US tire market is segmented on the basis of vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. Passenger cars will maintain a major market share during the forecast period. For instance, out of a total of 333 million tire shipments in 2019, 269 million were for passenger cars.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
US Automotive Tire Market By Vehicle Type
- Passenger Cars
- Light & Medium Commercial Vehicle
- Heavy Commercial Vehicle
- Two-Wheeler
- Other (Construction, Agricultural, Customized Sports)
US Automotive Tire Market By Road Application
- All-Season Tire
- Summer Tire
- Winter Tire
- Other (All-Terrain Tire)
US Automotive Tire Market By Construction
- Radial Tire
- Bias Ply Tire
US Automotive Tire Market By Tire Type
- Tubeless Tire
- Tubbed Tire
US Automotive Tire Market By Sales Channel
- OEM (Original Equipment Manufacturer)
- Aftermarket (Replacement)
Company Profiles
- Bridgestone Corp.
- Ceat Ltd.
- Cheng Shin Rubber Ind. Co. Ltd.
- Continental AG
- Cooper Tire & Rubber Co.
- Giti Tire Pte Ltd.
- Goodyear Tire and Rubber Co.
- Hankook Tire Co. Ltd.
- Kenda Rubber Industrial Co., Ltd.
- Michelin Group
- Nexan Tire Corp.
- Omni United (S) Pte. Ltd.
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries Ltd.
- The Yokohama Rubber Co, Ltd.
- Toyo Tire Corp.
- Trelleborg AB
- Triangle Group
The Report Covers
- Comprehensive research methodology of the US Tire market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US Tire industry.
- Insights about market determinants which are stimulating the US Tire market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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