U.S. Tire Market Size, Trends, Share & Forecast 2023-2028

United States Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4059

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Market Overview:

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.

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 and regional level from 2023-2028. 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	2022
Historical Period	2017-2022
Forecast Period	2023-2028
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$ 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)

Key Questions Answered in This Report

The United States tire market reached a volume of 344.7 Million Units in 2022.

We expect the United States tire market to exhibit a CAGR of 2.7% during 2023-2028.

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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