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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A tire is 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, such as even distribution of vehicular weight on the road, braking forces to the surface, maintaining the direction of travel, and enhanced vehicle handling.
An expansion in the automotive industry and the rising demand for electric vehicles (EVs) are primarily driving the tire market growth in the United States. Additionally, rising environmental consciousness coupled with extended support by the Federal Government of the United States (U.S. Federal Government) to promote eco-friendly and sustainable manufacturing techniques in the production processes, are contributing to the market growth. Moreover, shifting consumer preference toward vehicles with enhanced performances has led manufacturers to adopt innovative designs and technology to increase the efficiency, durability, and affordability of the tire. This is creating a positive outlook for the market in the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States tire market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on design, end-use, vehicle type, distribution channel and season.
Breakup by Design:
Breakup by End-Use:
Breakup by Vehicle Type:
Breakup by Distribution Channel:
Breakup by Season:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Design, End-Use, Vehicle Type, Distribution Channel, Season, Region|
|Region Covered||Northeast, Midwest, South, West|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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