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United States Tire Market Report by Design (Radial, Bias), End-Use (OEM, Replacement), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Three Wheelers, Off-The-Road (OTR)), Distribution Channel (Offline, Online), Season (All Season Tires, Winter Tires, Summer Tires), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4059
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Market Overview:
The United States tire market size reached 350.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 400.3 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
|
Market Size in 2023
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350.6 Million Units |
|
Market Forecast in 2032
|
400.3 Million Units |
| Market Growth Rate (2024-2032) | 1.4% |
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.
Key Market Segmentation:
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 level from 2024-2032. Our report has categorized 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Million Units |
| 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$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| 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) |
The United States tire market reached a volume of 350.6 Million Units in 2023.
We expect the United States tire market to exhibit a CAGR of 1.4% during 2024-2032.
The growing demand for Electric Vehicles (EVs), along with rising popularity of automobile tires with a high safety quotient, is currently driving the United States tire market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for tires.
Based on the design, the United States tire market can be segmented into radial and bias. Currently, radial holds the largest market share.
Based on the end-use, the United States tire market has been divided into OEM and replacement, where OEM currently exhibits a clear dominance in the market.
Based on the vehicle type, the United States tire market can be categorized into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers, three wheelers, and Off-The-Road (OTR). Currently, passenger cars account for the majority of the total market share.
Based on the distribution channel, the United States tire market has been segregated into offline and online, where offline currently exhibits a clear dominance in the market.
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