Press release
US Tire Market Report 2022: Industry Trends, Size, Share, Analysis and Future Scope 2027
According to the latest report by IMARC Group, titled "United States Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The United States tire market size reached 338 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 391.9 Million Units by 2027, exhibiting a growth rate (CAGR) of 2.6% during 2022-2027.A tire is a ring-like component that is widely used in the manufacturing of various types of vehicles. It includes a sidewall, bead, body ply, and inner liner that are molded together in order to provide smooth traction between the wheel and the surface. Its main function is to support the automobile weight and transmit braking or traction force to the road surface. Apart from this, it is also designed to absorb road shocks, reduce vibration, and facilitate changing and maintaining the direction of travel while offering enhanced comfort to the driver.
Download free sample of the report: https://www.imarcgroup.com/united-states-tire-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The market in the United States is primarily driven by significant growth in the automotive sector. Along with this, continual technological advancements in the sector are creating a positive outlook for the market. For instance, the widespread integration of sensors in tires to measure the temperature and tread depth as well as to provide real-time alerts is propelling the market growth. Moreover, increasing investments by major players in product innovations, such as the launch of air-free, self-inflating and self-sealing tires in the market, is providing a boost to the market growth. Furthermore, the widespread preference for electric vehicles (EVs) across the country due to the rising environmental concerns among the masses is positively influencing the market growth. Some of the other factors contributing to the market growth include the widespread prominence of fuel-efficient tire technology across the country and extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market.
Breakup by Design:
Radial
Bias
Breakup by End-Use:
OEM
Replacement
Breakup by Vehicle Type:
Passenger Cars
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Light Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Medium and Heavy Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Two Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Three Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Off-The-Road (OTR)
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Breakup by Distribution Channel:
Offline
Online
Breakup by Season:
All Season Tires
Winter Tires
Summer Tires
Breakup by Region:
Northeast
Midwest
South
West
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
Browse full report with TOC: https://www.imarcgroup.com/united-states-tire-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Related Report by IMARC Group:
India Electric Vehicle Battery Market Report: https://www.imarcgroup.com/india-electric-vehicle-battery-market
China Electric Vehicle Battery Market Report: https://www.imarcgroup.com/china-electric-vehicle-battery-market
India Two Wheeler Market Report: https://www.imarcgroup.com/india-two-wheeler-market
Automotive Sunroof Market Report: https://www.imarcgroup.com/automotive-sunroof-market
Water Scooter Market Report: https://www.imarcgroup.com/water-scooter-market
Quadricycle and Tricycle Market Report: https://www.imarcgroup.com/quadricycle-tricycle-market
Online Car Buying Market Report: https://www.imarcgroup.com/online-car-buying-market
IMARC Group
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Sheridan, WY 82801 USA - Wyoming
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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