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United States Tire Market Size to Reach 402.1 Million Units by 2028 | Industry CAGR of 2.7%

03-15-2023 09:39 AM CET | Tourism, Cars, Traffic

Press release from: IMARC Group

United States Tire Market Research & Forecast Report 2023-2028

United States Tire Market Research & Forecast Report 2023-2028

According to the latest report by IMARC Group, titled, "United States Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The United States tire market size reached 344.7 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 402.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 2.7% during 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.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/united-states-tire-market/requestsample

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

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/united-states-tire-market

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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Contact us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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