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United States Tire Market Size, Share, Trends, Forecast: By Design: Radial, Bias; By Type: Tube Tire, Tubeless Tire; By Season: Winter Tire, Summer Tire, All Season Tire; By Vehicle Type: Two-Wheeler and Three-Wheeler, Passenger Vehicle, Heavy Commercial Vehicle, Others; By Sales Channel; Regional Analysis; Competitive Landscape; 2024-2032
United States Tire Market Outlook
The United States tire market size was around 364.63 million units in the year 2023. The market is estimated to grow at a CAGR of 2.7% between 2024 and 2032, reaching a volume of nearly 463.57 million units by 2032.
Key Trends in the Market
A tire is a circular-shaped structure that surrounds a wheel's rim. Its main function is to bear a vehicle's weight from the axle through the wheel and onto the ground, creating friction and providing traction. By doing so, it enables the vehicle to perform optimally, including starting, stopping, turning, and handling various road conditions.
- The United States tire market demand is being driven by the growing automotive industry. The USA manufactured 1.75 million cars in 2022, according to the International Organisation of Motor Vehicle Manufacturers.
- The growing demand for electric vehicles, buoyed by the introduction of favourable government policies, is driving the United States tire market growth. Government policies to incentivise EV adoption through measures such as tax credits, rebates, grants, and production requirements for automakers and improve technology are also aiding the market expansion.
- Further, increasing technological developments and investments are driving the United States tire market expansion. The use of virtual prototyping techniques by key players to reduce the time taken for testing tires and minimise the environmental impact of tire production is also fuelling the market growth.
United States Tire Market Segmentation
Based on the design, the market can be divided into radial and bias. Based on type, it is divided into tube tire and tubeless tire. By season, the market is segregated into winter tire, summer tire, and all-season tire. Based on vehicle type, the market is divided into two-wheeler and three-wheeler, passenger vehicle, heavy commercial vehicle, and light and medium commercial vehicle, among others.
Based on sales channel, the market is bifurcated into OEM and aftermarket. The major regional markets of tire in the United States includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States tire market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Hankook Tire & Technology Co., Ltd.
- Sumitomo Rubber Industries, Ltd.
- Goodyear Tire & Rubber Company
- Yokohama Rubber Co., Ltd.
- Bridgestone Corporation
- Pirelli & C. S.p.A
- Giti Tire Pte Ltd.
- Toyo Tire Corp.
- Michelin Group
- Continental AG
- Others
Market Share by Vehicle Type
As per the United States tire market analysis, passenger vehicles hold a notable share of the market. According to the International Organisation of Motor Vehicle Manufacturers, the United States accounted for 2.9 million registrations or sales of new passenger cars vehicles in 2022. With the increasing popularity of electric and autonomous passenger vehicles, there is a growing demand for innovative tires that can increase the battery ranges of EVs and offer energy-efficient, smooth, and low-impact ride.
Market Share by Season
All-season tires hold a significant portion of the United States tire market share. As all-season tires combine the characteristics of summer and winter tyres, they are designed for all weather conditions. They also offer good grip and round-the-year performance.
Drivers in moderate climates benefit most from the all-season tires, especially those who do not frequently face extreme winter conditions like snow, ice, and cold. With the advancements in technology and continuous improvement of rubber compounds, all-season tires have gained popularity in recent years.
Competitive Landscape
Bridgestone Corporation is a global leader providing sustainable mobility and advanced solutions. The company was founded in 1900. It has more than 50 production facilities and 55,000 employees, globally. Business units of Bridgestone Corporation include Bridgestone Retail Operations, Bandag, Firestone Building Products and Firestone Industrial Products.
Michelin Group is the leading tire company that is headquartered in Clermont-Ferrand, France. It manufactures and markets tires and services for every type of vehicle, including aeroplanes, automobiles, motorcycles, earthmovers, farm equipment, and trucks. The company has a presence in 170 countries, with 111,200 employees boast 67 production plants in 17 different countries.
Continental AG develops pioneering technologies and services for sustainable and connected mobility. It was founded in 1871. It currently employs around 200,000 people in 57 countries, globally. The company is segmented into three segments, namely automotive, tire, and Industrial solutions (ContiTech).
Other United States tire market players include Pirelli & C. S.p.A, Tire Pte Ltd., Goodyear Tire & Rubber Company, Yokohama Tire Corporation, Toyo Tire Corp., Hankook Tire & Technology Co., Ltd., and Sumitomo Rubber Industries, Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Design |
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| Breakup by Type |
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| Breakup by Season |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Tire Market Overview
8.1 Key Industry Highlights
8.2 North America Tire Historical Market (2018-2023)
8.3 North America Tire Market Forecast (2024-2032)
8.4 North America Tire Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Tire Market Overview
9.1 Key Industry Highlights
9.2 United States Tire Historical Market (2018-2023)
9.3 United States Tire Market Forecast (2024-2032)
10 United States Tire Market by Design
10.1 Radial
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Bias
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Tire Market by Type
11.1 Tube Tire
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Tubeless Tire
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Tire Market by Season
12.1 Winter Tire
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Summer Tire
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 All Season Tire
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United States Tire Market by Vehicle Type
13.1 Two-Wheeler and Three-Wheeler
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Passenger Vehicle
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Heavy Commercial Vehicle
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Light and Medium Commercial Vehicle
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 United States Tire Market by Sales Channel
14.1 OEM
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Aftermarket
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 United States Tire Market by Region
15.1 New England
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Mideast
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Great Lakes
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 Plains
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Southeast
15.5.1 Historical Trend (2018-2023)
15.5.2 Forecast Trend (2024-2032)
15.6 Southwest
15.6.1 Historical Trend (2018-2023)
15.6.2 Forecast Trend (2024-2032)
15.7 Rocky Mountain
15.7.1 Historical Trend (2018-2023)
15.7.2 Forecast Trend (2024-2032)
15.8 Far West
15.8.1 Historical Trend (2018-2023)
15.8.2 Forecast Trend (2024-2032)
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators of Demand
16.4 Key Indicators of Price
17 Value Chain Analysis
18 Trade Data Analysis (HS Code - 4011)
18.1 Major Importing Countries
18.1.1 By Volume
18.1.2 By Value
18.2 Major Exporting Countries
18.2.1 By Volume
18.2.2 By Value
19 Price Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Bridgestone Corporation
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Michelin Group
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 Continental AG
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Pirelli & C. S.p.A
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Goodyear Tire & Rubber Company
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Yokohama Rubber Co., Ltd.
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 Hankook Tire & Technology Co., Ltd.
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Sumitomo Rubber Industries, Ltd.
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 Giti Tire Pte Ltd.
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 Toyo Tire Corp.
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 Others
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Tire Market: Key Industry Highlights, 2018 and 2032
2. United States Tire Market: Key Industry Highlights, 2018 and 2032
3. United States Tire Historical Market: Breakup by Design (Million Units), 2018-2023
4. United States Tire Market Forecast: Breakup by Design (Million Units), 2024-2032
5. United States Tire Historical Market: Breakup by Type (Million Units), 2018-2023
6. United States Tire Market Forecast: Breakup by Type (Million Units), 2024-2032
7. United States Tire Historical Market: Breakup by Season (Million Units), 2018-2023
8. United States Tire Market Forecast: Breakup by Season (Million Units), 2024-2032
9. United States Tire Historical Market: Breakup by Vehicle Type (Million Units), 2018-2023
10. United States Tire Market Forecast: Breakup by Vehicle Type (Million Units), 2024-2032
11. United States Tire Historical Market: Breakup by Sales Channel (Million Units), 2018-2023
12. United States Tire Market Forecast: Breakup by Sales Channel (Million Units), 2024-2032
13. United States Tire Historical Market: Breakup by Region (Million Units), 2018-2023
14. United States Tire Market Forecast: Breakup by Region (Million Units), 2024-2032
15. Major Exporting Countries by Value
16. Major Importing Countries by Value
17. Major Exporting Countries by Volume
18. Major Importing Countries by Volume
19. United States Tire Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 364.63 million units.
The market is projected to grow at a CAGR of 2.7% between 2024 and 2032.
The market is estimated to witness growth in the forecast period of 2023-2028 to reach around 463.57 million units by 2032.
The market is being driven by the increasing sales of passenger vehicles and technological advancements and innovations.
The growing demand for electric vehicles, the rising popularity of all-season tires, and the surging use of innovative production methods by key players are the key trends aiding the market growth.
The major type of tires considered in the market report are radial and bias.
The key players in the market include Hankook Tire & Technology Co., Ltd., Sumitomo Rubber Industries, Ltd., Goodyear Tire & Rubber Company, Yokohama Rubber Co., Ltd., Bridgestone Corporation, Pirelli & C. S.p.A, Giti Tire Pte Ltd., Toyo Tire Corp., Michelin Group, Continental AG, Others.
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