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United States (U.S.) Tires Market By Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers and Others); By Tire Construction (Radial Tires, Bias Tires); By Tire Seasonality (All-Season Tires, Summer Tires, Winter Tires); By Tire Brand and Tier (Premium Brands, Budget Brands); By Distribution Channel (Offline Retail Stores, Online Channels); By End User (OEM Market, Aftermarket); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

Market Insights

The U.S. Tire Market is experiencing robust growth, marked by an impressive increase in market size. Projected to grow from USD 127,893.45 million in 2023 to an estimated USD 225,421.21 million by 2032, the market is set to expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2032.
Passenger car tires are the leading segment by tire type, while motorcycle tires are expected to grow at a strong CAGR.
The leading tire construction segment is radial tires.
The CAGR for all-season tires is expected to be the highest during the projection period.
During the forecast time frame, the mid-range tires category will likely have the highest CAGR.
The tire retailers and dealers segment is estimated to have the greatest CAGR during the forecast period.
The commercial fleets segment will likely have the highest CAGR during the prediction period.
Requirements for fuel efficiency, seasonal demand, and technological innovations drive the United States tire market.
Demand for tires is influenced by the increasing number of US electric vehicles (EVs), which may have special tire needs. Additionally, government incentives for using green technology may increase the market for environmentally friendly tires in the United States.

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Executive Summary

Market Definition

The tire industry in the United States includes the businesses that produce, distribute, sell, and service tires domestically. This market includes various tire types, such as those made for motorbikes, trucks, buses, passenger cars, and other types of vehicles. The tire market is an essential component of the wider automotive sector to ensure the performance, efficiency, and safety of automobiles on the road.

Market Overview

The U.S. Tire Market is experiencing robust growth, marked by an impressive increase in market size. Projected to grow from USD 127,893.45 million in 2023 to an estimated USD 225,421.21 million by 2032, the market is set to expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2032.

Recent technological developments, better road conditions, improved driving conditions, and other variables have all increased the average vehicle life. Expansion opportunities have arisen for Tire producers in the aftermarket due to the rise in average vehicle life and annual miles driven. The average annual mileage of a passenger car is 13,476 miles, according to the Federal Highway Administration of the US Department of Transportation. Monthly, this equals over a thousand miles.

The automobile tire industry has been affected by the longer vehicle lifespans and higher mileage driven by cars in different ways. While the industry has been under pressure due to the decline in tire demand, these factors have also increased the industry’s focus on tire performance and sustainability, partly due to increased R&D spending. These factors support the development of the United States’ tire market.

Segmentation by Tire Type

Passenger car tires are the market leader by tire type. Seasons often influence the need for tires for passenger cars. All-season tires could be more common in places with milder weather, but the demand for winter tires tends to rise in colder locations.
The motorcycle tire category will exhibit a sizable CAGR during the projected period. The Tire needs for various motorcycle types vary, including cruisers, sports, touring, and off-road bikes. The popularity of particular motorcycle types affects the need for motorcycle Tires, with various types frequently requiring specialised Tires.
Other tire types, such as light truck tires, commercial truck tires, and off-road and specialty tires, also contribute to the demand for tires in the United States.

Segmentation by Tire Construction

The main tire construction category is radial tires. Manufacturing and selling automobiles are directly related to the broad use of radial Tires. Since radial Tires are standard on most contemporary cars, lorries, and motorbikes, the demand for radial Tires is influenced by the demand for automobiles in general.
The bias-ply tires category will likely register a significant CAGR during forecasting. Tractors and combines, among other agricultural equipment, frequently use bias-ply Tires. They are appropriate for agricultural applications due to their robust design and capacity to withstand difficult terrain.
Other tire constructions, such as run-flat tires, also contribute to the demand for United States tires.

Segmentation by Tire Seasonality

The all-season tires category will experience the highest CAGR during the projection period. All-season Tires are a good fit for daily driving conditions in urban and suburban areas, where road surfaces are frequently well-maintained, and extreme weather events are less frequent.
Other tire seasonalities, such as winter and summer tires, also contribute to the demand for tires in the United States.

Segmentation by Tire Brand and Tier

Mid-range tires will likely have the highest CAGR during the projection period. People frequently choose mid-range tires when replacing the tires on a car that was initially equipped with inexpensive or entry-level tires. When it comes time for a Tire replacement, customers looking for a slight improvement in performance and quality could choose mid-range alternatives.
Other tire brands and tiers, such as premium, economy, and private label tires, also contribute to the demand for tires in the United States

Segmentation by Distribution Channel

Tire retailers and dealers are expected to have the highest CAGR during the prediction period. Specific Tire brands and types installed as standard equipment on new cars impact the demand for Tires. Tire retailers and dealers may feel the increased demand for Tires that meet OEM specifications.
Other distribution channels, such as online retail, wholesale, and distributors, also contribute to the demand for United States tires.

Segmentation by End Users

The category for commercial fleets is anticipated to have the greatest CAGR throughout the forecast duration. When choosing Tires, durability and high mileage are top priorities for commercial fleet operators. Commercial trucks usually travel long distances with big loads, so Tires must be durable. For fleet operators, a longer Tire lifespan might result in cost savings. Commercial fleets frequently use retreaded Tires to lower expenses and increase Tire life. In the commercial sector, there is a considerable need for Tires that can be retreaded several times.
Other end users, such as consumer replacement and original equipment manufacturers (OEMs), also contribute to the demand for United States tires.

People can afford to buy expensive cars due to the nation’s strong economy, which has increased the size of the American car sector. As per OICA, the U.S. automotive market produced 2,795,971 cars in 2018. The manufacture of automobiles and heavy-duty vehicles contributes to the success of the United States tire industry.

The International Council of Clean Transportation (ICCT) found that EV sales increased by 70% between 2017 and 2018, reaching a global total of 5 million electric vehicles by the end of 2018. The company has also conducted a geographical examination of sales in other nations, and the results indicate that the US accounted for a sizeable portion of worldwide EV sales in 2018. The US tire market is further driven by the increased sales resulting from the country’s expanding electric vehicle (EV) market.

Key Highlights of the Report

The United States tire market is segmented by tire type, tire construction, tire seasonality, tire brand and tier, distribution channel, and end users. Passenger car tires are the market spearhead, and radial tires are the top tire construction category. During the forecast period, the all-season tires category is expected to grow at the highest CAGR, and the mid-range tires category is anticipated to experience the highest CAGR.

The industry expansion of self-driving cars, trucks, and semi-autonomous and autonomous vehicles makes sense with the increasing demand for autonomous vehicles worldwide. The National League of Cities conducted a survey not too long ago. The survey’s findings suggest that more American cities will see autonomous car pilots and that this spread of autonomous vehicles will be crucial to the country’s tire industry’s future expansion.

Fuel-efficient product adoption is a developing trend in numerous industries, including the US tire market. Tire manufacturers must lower rolling resistance to increase fuel efficiency due to fuel economy regulations like the United States Corporate Average Fuel Economy (CAFE).

Which Key Factors Are Driving The United States Tire Market?

Initiatives to recycle tires, urbanisation trends, and consumer preferences for quiet, comfortable rides all influence the market for tires with improved comfort features, driving the expansion of the United States tire market.

What Are The Key Challenges In The United States Market For Tires?

Several challenges, including economic downturns, rising fuel costs, and increased competition from public transportation, impede the growth of the United States tire market.

What Market Opportunities Exist For United States Tire?

The increasing number of vehicle owners, the growing popularity of SUVs and trucks, and the demand for performance tires create major opportunities for the United States tire market.

Market Drivers

Several factors influence the market for United States tires. The main factors influencing the market for United States tires are as follows:

Increasing Vehicle Sales and Production:

The U.S. automotive industry has shown a robust recovery following economic downturns, with vehicle sales and production steadily increasing. For instance, over the past five years, the U.S. has seen a 15% increase in vehicle production. This upturn is catalyzing the demand for both OEM (Original Equipment Manufacturer) and aftermarket tires. As new vehicles roll out of production lines, they are equipped with tires that meet specific performance and safety standards, thus driving the demand for high-quality tires. Furthermore, as the lifespan of a vehicle extends, there is a recurring need for replacement tires, which further sustains market growth.

Advancements in Tire Technology:

Technological innovations in tire manufacturing are significant drivers of the U.S. Tire Market. Manufacturers are continuously investing in research and development to produce tires that offer better traction, increased durability, and improved fuel efficiency. Innovations such as airless tires, eco-friendly materials, and smart tires equipped with sensors for monitoring pressure and tread wear are revolutionizing the industry. For instance, the adoption of smart tires equipped with sensors for monitoring pressure and tread wear has increased by 20% over the last three years. These advancements not only meet the increasing consumer expectations for higher performance and safety but also comply with stringent environmental regulations, thus driving market expansion.

Growth in Commercial Vehicle Usage:

The expansion of e-commerce, logistics, and commercial transportation sectors in the US and numerous trade activities demand durable and reliable tires to handle long hauls and variable terrains. The rise in commercial vehicle use directly impacts the demand for specialty tires designed for commercial applications, including heavy trucks, buses, and trailers. For example, the e-commerce sector has grown by 30% annually over the past five years, leading to a rise in commercial vehicle use. This sector’s growth ensures a steady demand for replacement tires, contributing significantly to the overall market growth.

Regulatory and Safety Standards:

Regulatory policies and safety standards in the U.S. are stringent, requiring tire manufacturers to adhere to high safety and environmental standards. Regulations such as those enforced by the National Highway Traffic Safety Administration (NHTSA) mandate tire performance standards and contribute to the development of advanced safety features in tires. These regulations not only enhance vehicle safety but also encourage continuous improvement and innovation among tire manufacturers. Compliance with these standards ensures consumer trust and drives the demand for new and replacement tires.

Market Trends

Eco-Friendly and Sustainable Tires:

There is a growing shift towards green tires that are environmentally sustainable. For instance, it’s estimated that the demand for these eco-friendly tires has increased by 20% over the past five years. These tires are made from renewable materials and designed to reduce the tire’s rolling resistance, which in turn improves fuel efficiency and reduces carbon emissions. Manufacturers are increasingly prioritizing sustainability in response to consumer demand and regulatory pressures, driving significant innovation in this area.

Increased Adoption of Advanced Tire Technologies:

Smart tires are becoming more prevalent, equipped with sensors and technology to monitor conditions such as air pressure, temperature, and tread wear. For example, the adoption of smart tires has increased by 30% in the last three years. This technology enhances safety by providing real-time data to drivers and fleet managers, allowing for better maintenance and preventing accidents caused by tire failures. The integration of IoT (Internet of Things) technology in tires is a reflection of the broader trend of vehicle connectivity and autonomous driving technologies.

Rise in All-Season and All-Terrain Tires:

Consumers are increasingly opting for all-season and all-terrain tires due to their versatility and cost-effectiveness. For instance, sales of all-season tires have increased by 15% over the past year. These tires are designed to perform well under various weather conditions and on different types of roads, making them suitable for a wide range of vehicles and driving styles. This trend is particularly strong in regions with variable weather conditions.

Growth in Online Tire Sales:

The digital transformation has significantly impacted tire sales, with more consumers purchasing tires online. E-commerce platforms offer convenience, competitive pricing, and a wide range of products, attracting a large customer base. For example, online tire sales have grown by 25% annually over the past five years. This shift has prompted traditional retailers and manufacturers to enhance their online presence and service offerings.

Demand for High-Performance Tires:

There is an increasing demand for high-performance tires among enthusiasts and in luxury vehicle segments. These tires are designed for superior handling, speed, and agility, enhancing the overall driving experience. Manufacturers are focusing on innovation in this segment to meet the high expectations of consumers looking for performance along with safety.

Regulatory Impact on Tire Manufacturing:

Regulations concerning tire safety and environmental impact continue to tighten, influencing manufacturing practices and product offerings. For instance, the requirement for tire manufacturers to improve fuel efficiency and reduce noise pollution is pushing the industry towards more innovative solutions that comply with these regulatory frameworks.

Market Restraints

Several challenges could prevent the expansion of the United States market for tires. Among them are the following:

Certain Market Participants’ Monopoly

In the US, a small number of companies control a significant portion of the entire market, which is extremely monopolistic. In the US, Michelin, Pirelli, Continental, Bridgestone, and Goodyear are the biggest Tire producers. These businesses supply raw materials, determine the product’s pricing, and hold the largest percentage of the market. For example, international Tire producer Pirelli recently raised the cost of its Tires. The market’s monopoly prevents prices from being competitive, which significantly restricts the market’s ability to grow.

Opportunities

The United States market for tires presents significant potential opportunities. The following is an example of these:

Increased Use of Bio-Oils in the Production Process and Stricter Regulations have Led to a Rise in Environmentally Friendly Tires

The demand for environmentally friendly tires is driven by strict laws and regulations. Throughout the world, governments are passing legislation requiring tires to be less polluting and more fuel-efficient. These laws aim to enhance air quality and lower greenhouse gas emissions. Additionally, by 2025, cars must achieve an average of 54.5 miles per gallon according to a fuel efficiency guideline set by the US. Additionally, this standard would mandate the use of Tires with higher fuel efficiency. In addition, many firms have made significant R&D investments to provide environmentally friendly car Tires. With the Michelin Energy Saver A/S Tire, consumers may cut fuel consumption by up to 6%. Its reduced rolling resistance compound contributes to the tire’s increased effectiveness.

Tire rubber is made using bio-oil instead of oil derived from petroleum. This lessens the impact tire manufacturing has on the environment because bio-oil is a renewable resource. For example, orange oils—extractable from orange peels—help lower the petroleum content of Tires. Tire manufacturers are decreasing the amount of environmentally hazardous components they use while decreasing friction and boosting fuel economy. The car becomes greener due to using less gasoline and emitting fewer CO2 emissions. Businesses such as Bridgestone have effectively produced synthetic rubber from plant-based components instead of petroleum-based ones. Other businesses are also experimenting with synthetic rubber created from biomass, which is waste from agriculture or plants.

Therefore, utilising bio-oil will aid in lessening the impact of tire production on the environment. It is anticipated that bio-oil will gain popularity as a tire rubber ingredient as demand for more environmentally friendly tires increases. These factors create opportunities for the United States tire market.

Competitive Landscape

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Key Players

The United States market for tires is very competitive, with many powerful players. Some of the leading market participants and their corresponding market shares are listed below:

Michelin North America Inc.
The Goodyear Tire & Rubber Company
Bridgestone Americas Inc.
Cooper Tire & Rubber Company
Continental Tire The Americas LLC
Pirelli Tire North America LLC
Kumho Tire United States Inc.
Yokohama Tire Corporation
Toyo Tire United States Corp.
Hankook Tire America Corp.
Others

These companies prioritise mergers and acquisitions, expanding their distribution network, and developing new products to remain competitive.

The leading competitors in the United States tire market constantly seek an advantage by releasing new products and advancements.

In July 2021, Michelin announced the introduction of a heavy-duty bus drive Tire that is intended to be used in severe weather conditions that are typically encountered in North America and Canada. Due to challenging conditions, the Michelin X Incity Grip D premium drive Tire will offer superior protection in urban settings.

In June 2021, Yokohama unveiled the Galaxy LHD 510 SDS, their newest off-road Tire designed for wheel loaders. This non-pneumatic Tire is called Severe Duty Solid (SDS) and is intended for use on vehicles operating in harsh environments, like recycling centres, scrap yards and waste management facilities.

Recent Developments

In 2023, Kumho Tire U.S.A. Inc announced its plans to establish a new distribution warehouse, encompassing an impressive 350,000 square feet. This strategic move is poised to significantly enhance the company’s logistics capabilities, enabling it to handle approximately 5 million passenger and light truck tires annually. This expansion reflects Kumho’s commitment to improving service delivery and responsiveness in meeting the rising demand for quality tires in the U.S. market, bolstering its distribution efficiency and customer service operations.
In May 2023, Bridgestone Corporation introduced the R192E, a pioneering tire specifically engineered for electric buses. Recognizing the unique challenges posed by electric buses, such as heavier battery packs and increased torque, the R192E is designed to meet these specific demands. It offers enhanced durability, better traction, and improved energy efficiency, making it ideal for the growing fleet of electric buses. This launch underscores Bridgestone’s dedication to innovation and its commitment to supporting the transition to more sustainable modes of transportation.
Also in May 2023, Bridgestone Corporation expanded its high-performance tire lineup with the new Potenza Race tire, available in 13 sizes ranging from 17 to 20 inches. Developed and manufactured in Europe, these tires are tailored for use on both road and track. They cater to high-end OEMs including Maserati, Ferrari, Porsche, McLaren, Lamborghini, BMW, Audi RS, and Mercedes, offering enhanced performance for sports cars and supercars. This offering demonstrates Bridgestone’s focus on delivering top-tier products for the luxury and performance vehicle segments.
In March 2023, Continental AG unveiled Conti Connect 2.0, an advanced digital tire management system designed to enhance fleet operations. This innovative system allows fleet managers to continuously monitor tire conditions, thereby optimizing fuel consumption and reducing CO2 emissions. By preventing premature tire replacements and reducing unscheduled downtime, Conti Connect 2.0 helps improve the overall operational efficiency of fleets, showcasing Continental’s commitment to leveraging technology for smarter, more sustainable fleet management.
Michelin made a significant addition to its tire offerings in March 2023 with a new tire designed specifically for SUVs and crossovers. This all-season tire is engineered to handle diverse driving conditions, including challenging snow and ice. It features a new tread compound that enhances grip in wet and snowy weather, coupled with a tread pattern designed to minimize road noise. This launch highlights Michelin’s ongoing commitment to innovation, focusing on delivering superior performance and comfort for drivers of SUVs and crossovers.

Summary of Key Findings

The United States tire market continues to grow due to the increasing focus on sustainability.
The market is segmented by tire type, tire construction, tire seasonality, tire brand and tier, distribution channel, and end users.
Passenger car tires are the most preferred tire type in the market.
Radial tires are the most common in terms of tire construction.
Regarding CAGR, all-season tires are expected to grow fastest during the forecast period.
The category for commercial fleets will likely see the highest CAGR during the anticipated time frame.
The United States tire market is highly competitive, with key players including Michelin North America Inc., The Goodyear Tire & Rubber Company, Bridgestone Americas Inc., Cooper Tire & Rubber Company, Continental Tire The Americas LLC, Pirelli Tire North America LLC, Kumho Tire United States Inc., Yokohama Tire Corporation, Toyo Tire United States Corp., Hankook Tire America Corp., and others.

Future Outlook

The U.S. Tire Market is expected to increasingly adopt sustainable manufacturing practices, responding to regulatory pressures and consumer preferences for eco-friendly products.
Continued innovation in smart tire technologies will enhance vehicle safety and performance, incorporating sensors and IoT connectivity for real-time data monitoring.
As electric vehicle (EV) adoption grows, the demand for tires with specific characteristics suitable for higher torque and load requirements will rise.
The preference for all-season tires is anticipated to remain strong, driven by their versatility and cost-effectiveness across diverse climatic conditions.
E-commerce platforms will play a crucial role in tire sales, with more consumers turning to online purchasing for convenience and competitive pricing.
There will be a growing demand for high-performance tires, fueled by the increasing popularity of sports cars and luxury vehicles in the U.S.
Tire recycling and retreading practices will gain momentum as part of sustainability initiatives, reducing environmental impact and resource wastage.
Potential market consolidation may occur as major players seek to expand their market share and capabilities through mergers and acquisitions.
Regulatory developments focusing on safety and environmental impacts will continue to shape market dynamics, compelling manufacturers to innovate and adhere to stricter standards.
Manufacturers will likely increase efforts in consumer education and engagement to highlight the importance of tire maintenance and innovation benefits, enhancing brand loyalty and market penetration.

Segmentation

By Tire Type
- Passenger Car Tires
- Light Truck Tires
- Commercial Truck Tires
- Motorcycle Tires
- Off-Road and Specialty Tires
By Tire Construction
- Radial Tires
- Bias-Ply Tires
- Run-Flat Tires
By Tire Seasonality
- All-Season Tires
- Winter Tires
- Summer Tires
By Tire Brand and Tier
- Premium Tires
- Mid-Range Tires
- Economy Tires
- Private Label Tires
By Distribution Channel
- Tire Retailers and Dealers
- Online Retail
- Wholesale and Distributors
By End Users
- Consumer Replacement
- Original Equipment Manufacturers (OEMs)
- Commercial Fleets

CHAPTER NO. 1 : INTRODUCTION 15

1.1. Report Description 15

Purpose of the Report 15

USP & Key Offerings 15

1.2. Key Benefits for Stakeholders 15

1.3. Target Audience 16

1.4. Report Scope 16

CHAPTER NO. 2 : EXECUTIVE SUMMARY 17

2.1. Tire Market Snapshot 17

2.2. U.S. Tire Market, Volume (Units) & Revenue (USD Million) 2018 – 2032 19

2.3. Insights from Primary Respondents 20

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 21

3.1. Russia-Ukraine and Israel-Palestine War Impacts 21

CHAPTER NO. 4 : TIRE MARKET – INDUSTRY ANALYSIS 22

4.1. Introduction 22

4.2. Market Drivers 23

4.3. Driving Factor 1 Analysis 23

4.4. Driving Factor 2 Analysis 24

4.5. Market Restraints 25

4.6. Restraining Factor Analysis 25

4.7. Market Opportunities 26

4.8. Market Opportunity Analysis 26

4.9. Porter’s Five Forces Analysis 27

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 28

5.1. Company Market Share Analysis – 2023 28

5.1.1. U.S. Tire Market: Company Market Share, by Revenue, 2023 28

5.1.2. U.S. Tire Market: Company Market Share, by Revenue, 2023 29

5.1.3. U.S. Tire Market: Top 6 Company Market Share, by Revenue, 2023 29

5.1.4. U.S. Tire Market: Top 3 Company Market Share, by Revenue, 2023 30

5.2. U.S. Tire Market Company Volume Market Share, 2023 31

5.3. U.S. Tire Market Company Revenue Market Share, 2023 32

5.4. Company Assessment Metrics, 2023 33

5.4.1. Stars 33

5.4.2. Emerging Leaders 33

5.4.3. Pervasive Players 33

5.4.4. Participants 33

5.5. Start-ups /SMEs Assessment Metrics, 2023 33

5.5.1. Progressive Companies 33

5.5.2. Responsive Companies 33

5.5.3. Dynamic Companies 33

5.5.4. Starting Blocks 33

5.6. Strategic Developments 34

5.6.1. Acquisitions & Mergers 34

New Product Launch 34

Regional Expansion 34

5.7. Key Players Product Matrix 35

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 36

6.1. PESTEL 36

6.1.1. Political Factors 36

6.1.2. Economic Factors 36

6.1.3. Social Factors 36

6.1.4. Technological Factors 36

6.1.5. Environmental Factors 36

6.1.6. Legal Factors 36

6.2. Adjacent Market Analysis 36

CHAPTER NO. 7 : TIRE MARKET – BY VEHICLE TYPE SEGMENT ANALYSIS 37

7.1. Tire Market Overview, by Vehicle Type Segment 37

7.1.1. Tire Market Revenue Share, By Vehicle Type, 2023 & 2032 38

7.1.2. Tire Market Attractiveness Analysis, By Vehicle Type 39

7.1.3. Incremental Revenue Growth Opportunity, by Vehicle Type, 2024 – 2032 39

7.1.4. Tire Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 40

7.2. Truck and Bus Tires 41

7.3. Commercial Truck Tires 42

7.4. Passenger Car Tires 42

7.5. Light Truck Tires 43

7.6. Motorcycle Tires 43

CHAPTER NO. 8 : TIRE MARKET – BY TIRE CONSTRUCTION SEGMENT ANALYSIS 44

8.1. Tire Market Overview, by Tire Construction Segment 44

8.1.1. Tire Market Revenue Share, By Tire Construction , 2023 & 2032 45

8.1.2. Tire Market Attractiveness Analysis, By Tire Construction 46

8.1.3. Incremental Revenue Growth Opportunity, by Tire Construction , 2024 – 2032 46

8.1.4. Tire Market Revenue, By Tire Construction , 2018, 2023, 2027 & 2032 47

8.2. All Season Tires 48

8.3. Bias Ply Tires 49

8.4. Run flat Tires 50

CHAPTER NO. 9 : TIRE MARKET – BY TIRE SEASONALITY SEGMENT ANALYSIS 51

9.1. Tire Market Overview, by Tire Seasonality Segment 51

9.1.1. Tire Market Revenue Share, By Tire Seasonality, 2023 & 2032 52

9.1.2. Tire Market Attractiveness Analysis, By Tire Seasonality 53

9.1.3. Incremental Revenue Growth Opportunity, by Tire Seasonality, 2024 – 2032 53

9.1.4. Tire Market Revenue, By Tire Seasonality, 2018, 2023, 2027 & 2032 54

9.2. All Season Tires 55

9.3. Winter Tires 56

9.4. Summer Tires 57

CHAPTER NO. 10 : TIRE MARKET – BY TIRE BRAND AND TIER SEGMENT ANALYSIS 58

10.1. Tire Market Overview, by Tire Brand and Tier Segment 58

10.1.1. Tire Market Revenue Share, By Tire Brand and Tier, 2023 & 2032 59

10.1.2. Tire Market Attractiveness Analysis, By Tire Brand and Tier 60

10.1.3. Incremental Revenue Growth Opportunity, by Tire Brand and Tier, 2024 – 2032 60

10.1.4. Tire Market Revenue, By Tire Brand and Tier, 2018, 2023, 2027 & 2032 61

10.2. Premium Tires 62

10.3. Mid-Range Tires 63

10.4. Economy Tires 63

10.5. Private Label Tires 64

CHAPTER NO. 11 : TIRE MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 65

11.1. Tire Market Overview, by Distribution Channel Segment 65

11.1.1. Tire Market Revenue Share, By Distribution Channel, 2023 & 2032 66

11.1.2. Tire Market Attractiveness Analysis, By Distribution Channel 67

11.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 67

11.1.4. Tire Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 68

11.2. Tire Retailers and Dealers 69

11.3. Online Retail 70

11.4. Wholesale and Distributors 70

CHAPTER NO. 12 : TIRE MARKET – BY END USER SEGMENT ANALYSIS 71

12.1. Tire Market Overview, by End User Segment 71

12.1.1. Tire Market Revenue Share, By End User, 2023 & 2032 72

12.1.2. Tire Market Attractiveness Analysis, By End User 73

12.1.3. Incremental Revenue Growth Opportunity, by End User, 2024 – 2032 73

12.1.4. Tire Market Revenue, By End User, 2018, 2023, 2027 & 2032 73

12.2. Consumer Replacement 75

12.3. Original Equipment Manufacturer 76

12.4. Commercial Fleets 76

CHAPTER NO. 13 : COMPANY PROFILES 77

13.1. Michelin North America Inc. 77

13.1.1. Company Overview 77

13.1.2. Product Portfolio 77

13.1.3. Swot Analysis 77

13.1.4. Business Strategy 78

13.1.5. Financial Overview 78

13.2. The Goodyear Tire & Rubber Company 79

13.3. Bridgestone Americas Inc. 79

13.4. Cooper Tire & Rubber Company 79

13.5. Continental Tire the Americas LLC 79

13.6. Pirelli Tire North America LLC 79

13.7. Kumho Tire United States Inc. 79

13.8. Yokohama Tire Corporation 79

13.9. Toyo Tire United States Corp. 79

13.10. Hankook Tire America Corp. 79

CHAPTER NO. 14 : RESEARCH METHODOLOGY 80

14.1. Research Methodology 80

14.2. Phase I – Secondary Research 81

14.3. Phase II – Data Modeling 81

Company Share Analysis Model 82

Revenue Based Modeling 82

14.4. Phase III – Primary Research 83

14.5. Research Limitations 84

Assumptions 84

List of Figures

FIG NO. 1. U.S. Tire Market, Volume (Units) & Revenue (USD Million) 2018 – 2032 19

FIG NO. 2. Porter’s Five Forces Analysis for U.S. Tire Market 27

FIG NO. 3. Company Share Analysis, 2023 28

FIG NO. 4. Company Share Analysis, 2023 29

FIG NO. 5. Company Share Analysis, 2023 29

FIG NO. 6. Company Share Analysis, 2023 30

FIG NO. 7. Tire Market – Company Volume Market Share, 2023 31

FIG NO. 8. Tire Market – Company Revenue Market Share, 2023 32

FIG NO. 9. Tire Market Revenue Share, By Vehicle Type, 2023 & 2032 38

FIG NO. 10. Market Attractiveness Analysis, By Vehicle Type 39

FIG NO. 11. Incremental Revenue Growth Opportunity by Vehicle Type, 2024 – 2032 39

FIG NO. 12. Tire Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032 40

FIG NO. 13. U.S. Tire Market for Truck and Bus Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 41

FIG NO. 14. U.S. Tire Market for Commercial Truck Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 42

FIG NO. 15. U.S. Tire Market for Passenger Car Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 42

FIG NO. 16. U.S. Tire Market for Light Truck Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 43

FIG NO. 17. U.S. Tire Market for Motorcycle Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 43

FIG NO. 18. Tire Market Revenue Share, By Tire Construction , 2023 & 2032 45

FIG NO. 19. Market Attractiveness Analysis, By Tire Construction 46

FIG NO. 20. Incremental Revenue Growth Opportunity by Tire Construction , 2024 – 2032 46

FIG NO. 21. Tire Market Revenue, By Tire Construction , 2018, 2023, 2027 & 2032 47

FIG NO. 22. U.S. Tire Market for All Season Tires , Volume (Units) & Revenue (USD Million) 2018 – 2032 48

FIG NO. 23. U.S. Tire Market for Bias Ply Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 49

FIG NO. 24. U.S. Tire Market for Run flat Tires , Volume (Units) & Revenue (USD Million) 2018 – 2032 50

FIG NO. 25. Tire Market Revenue Share, By Tire Seasonality, 2023 & 2032 52

FIG NO. 26. Market Attractiveness Analysis, By Tire Seasonality 53

FIG NO. 27. Incremental Revenue Growth Opportunity by Tire Seasonality, 2024 – 2032 53

FIG NO. 28. Tire Market Revenue, By Tire Seasonality, 2018, 2023, 2027 & 2032 54

FIG NO. 29. U.S. Tire Market for All Season Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 55

FIG NO. 30. U.S. Tire Market for Winter Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 56

FIG NO. 31. U.S. Tire Market for SummerTires, Volume (Units) & Revenue (USD Million) 2018 – 2032 57

FIG NO. 32. Tire Market Revenue Share, By Tire Brand and Tier, 2023 & 2032 59

FIG NO. 33. Market Attractiveness Analysis, By Tire Brand and Tier 60

FIG NO. 34. Incremental Revenue Growth Opportunity by Tire Brand and Tier, 2024 – 2032 60

FIG NO. 35. Tire Market Revenue, By Tire Brand and Tier, 2018, 2023, 2027 & 2032 61

FIG NO. 36. U.S. Tire Market for Premium Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 62

FIG NO. 37. U.S. Tire Market for Mid-Range Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 63

FIG NO. 38. U.S. Tire Market for Economy Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 63

FIG NO. 39. U.S. Tire Market for Private Label Tires, Volume (Units) & Revenue (USD Million) 2018 – 2032 64

FIG NO. 40. Tire Market Revenue Share, By Distribution Channel, 2023 & 2032 66

FIG NO. 41. Market Attractiveness Analysis, By Distribution Channel 67

FIG NO. 42. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 67

FIG NO. 43. Tire Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 68

FIG NO. 44. U.S. Tire Market for Tire Retailers and Dealers Volume (Units) & Revenue (USD Million) 2018 – 2032 69

FIG NO. 45. U.S. Tire Market for Online Retail, Volume (Units) & Revenue (USD Million) 2018 – 2032 70

FIG NO. 46. U.S. Tire Market for Wholesale and Distributors, Volume (Units) & Revenue (USD Million) 2018 – 2032 70

FIG NO. 47. Tire Market Revenue Share, By End User, 2023 & 2032 72

FIG NO. 48. Market Attractiveness Analysis, By End User 73

FIG NO. 49. Incremental Revenue Growth Opportunity by End User, 2024 – 2032 73

FIG NO. 50. Tire Market Revenue, By End User, 2018, 2023, 2027 & 2032 74

FIG NO. 51. U.S. Tire Market for Consumer Replacement Volume (Units) & Revenue (USD Million) 2018 – 2032 75

FIG NO. 52. U.S. Tire Market for Original Equipment Manufacturer, Volume (Units) & Revenue (USD Million) 2018 – 2032 76

FIG NO. 53. U.S. Tire Market for Commercial Fleets, Volume (Units) & Revenue (USD Million) 2018 – 2032 76

FIG NO. 54. Research Methodology – Detailed View 80

FIG NO. 55. Research Methodology 81

List of Tables

TABLE NO. 1. : U.S. Tire Market: Snapshot 17

TABLE NO. 2. : Drivers for the Tire Market: Impact Analysis 23

TABLE NO. 3. : Restraints for the Tire Market: Impact Analysis 25

How big is the United States market for tires right now?

In 2023, the United States tire market was estimated to be worth USD 127,893.45 million.

What is the anticipated growth rate of the United States tire market from 2023 to 2030?

Which market category is in the lead for the tire type?

Passenger car tires are the most popular category of tire type.

Which segment is leading the market in terms of tire construction?

The notable segment is radial tires by tire construction.

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