According to the latest report by IMARC Group, titled “United States Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the United States Tire Market is expected to continue its stable growth in the forecast period (2021-2026).A tire refers to a pneumatically inflated, ring-shaped structure that encloses the rim of a wheel. It is made from natural or synthetic rubber, fabric, carbon black, silica, steel, wire, etc., and helps in transferring the vehicle's load onto the road by forming a soft contact. A tire serves as a cushion for the wheels of a moving vehicle by providing a gripping surface for traction. It also absorbs shocks, reduces the impact of vibrations, maintains the direction of travel, and withstands the tractive force between the vehicle and the surface of the road, thereby improving the vehicle's overall performance.
United States Tire Market Trends:
The expanding automotive industry and the growing demand for vehicles owing to elevating consumer living standards are driving the United States tire market. Additionally, rising environmental awareness and extended support by the U.S. Federal Government to promote sustainable and eco-friendly manufacturing techniques in tire production processes are catalyzing the market growth. Furthermore, shifting consumer preferences towards vehicles with enhanced performance are encouraging manufacturers to adopt innovative designs and technologies to improve the efficiency, affordability, durability, etc., of the tire. This, in turn, is anticipated to bolster the market growth in the United States over the coming years.
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United States Tire Market 2021-2026 Analysis and Segmentation:
Breakup by Design:
• Radial
• Bias
Breakup by End-Use:
• OEM
• Replacement
Breakup by Vehicle Type:
• Passenger Cars
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size
• Light Commercial Vehicles
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size
• Medium and Heavy Commercial Vehicles
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size
• Two Wheelers
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size
• Three Wheelers
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size
• Off-The-Road (OTR)
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o 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
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