Press release
United States Tire Market Size to Reach 402.1 Million Units by 2028 | Industry CAGR of 2.7%
United States Tire Market Research & Forecast Report 2023-2028
Market Overview:
A tire refers to a ring-shaped component that encircles a wheel rim. It is produced using natural or synthetic rubber, carbon black, silica, steel, wire, and vulcanization accelerator. Tire transfers the automobile load from the wheel axle to the ground. This provides smooth traction between the surface and the wheel, thus enabling effective shock absorption and reduced vibrations. Tire offers additional benefits, including even distribution of vehicular weight on the road, braking forces to the surface, maintaining the direction of travel, and enhanced vehicle handling.
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United States Tire Market Trends and Drivers:
The rising sales of passenger, luxury, and electric vehicles (EVs), on account of inflating urbanization levels and the increasing purchasing power of individuals, are primarily augmenting the United States tire market. Furthermore, the inflating focus on driver and passenger safety and the growing number of fatal road accidents are causing the demand for premium quality tires with a longer operational life, enhanced stability and reliability, and high puncture resistance is positively influencing the market growth. Apart from this, the launch of eco-friendly, lightweight, and airless three-dimensional (3D) printed variants by key players is acting as another significant growth-inducing factor. Moreover, the rising focus on recovering and recycling used tires to minimize their environmental impact and save a considerable amount of energy required to manufacture new ones is also bolstering the market growth across the country. Besides this, the increasing number of logistics and transportation activities to deliver packages on time is further catalyzing the market growth. Additionally, the inflating numbers of farming activities in the agricultural sector are expected to drive the United States tire market in the coming years.
United States Tire Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on design, end-use, vehicle type, distribution channel and season.
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
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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