North America Racing Tires Market Size, Share & Industry Analysis Report By Tire Type (Racing Slick Tires and Racing Treaded Tires), By Application, By Distribution Channel, By Country and Growth Forecast, 2025-2032

The North America Racing Tires Market is expected to witness market growth of 5.7% CAGR during the forecast period (2025-2032).

The US market dominated the North America Racing Tires Market, By Country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $3.81 billion by 2032. The Canada market is experiencing a CAGR of 7.6% during 2025-2032. Additionally, the Mexico market is expected to exhibit a CAGR of 6.9% during 2025-2032.



The racing tire market has witnessed substantial growth in recent years, driven by increasing interest in motorsports and innovations in tire technology. Racing tires are designed specifically to withstand the extreme conditions of high-speed racing events, providing optimal traction, durability, and performance. Key players in the industry have continuously focused on enhancing the tire's design and material to meet the specific demands of various racing categories such as Formula 1, NASCAR, MotoGP, and rally events.

The global nature of motorsports has also expanded the market, with racing tire manufacturers constantly striving to improve performance while adhering to the safety standards set by governing bodies like the FIA and the FIM. The growth of the market can be attributed to technological advancements in tire composition and design. Manufacturers are increasingly utilizing cutting-edge materials like synthetic rubbers and compounds that provide superior grip on race tracks, contributing to better lap times and performance.

The market in North America is witnessing robust growth, driven by the region’s deep-rooted motorsport culture, expanding amateur racing scene, and rising demand for high-performance automotive components. NASCAR (National Association for Stock Car Auto Racing) is one of the most popular and widely followed forms of car racing in the United States. It involves stock car racing, with events like the Daytona 500 drawing significant attention. Moreover, over the years, numerous motorsports events have garnered the interest of enthusiasts and fans in Canada, where car racing activities have experienced substantial expansion and popularity. Some notable racing series and events in Canada include the NASCAR Pinty’s Series, the Canadian Touring Car Championship (CTCC), and various local and regional racing competitions. A growing number of amateur track events, performance car ownership, and iconic circuits like the Canadian Tire Motorsport Park drive demand for high-performance racing tires in Canada. Hence, the rising car racing events in North America will assist in the growth of the regional racing tires market.

List of Key Companies Profiled

• Bridgestone Corporation
• Maxxis International USA (Cheng Shin Rubber Industry Co.)
• Nexen Tire
• Zhongce Rubber Group Co., Limited
• The Yokohama Rubber Co., Ltd.
• The Goodyear Tire & Rubber Company
• Hankook Tire & Technology
• Michelin
• Pirelli & C. S.p.A.
• Continental AG

Market Report Segmentation

By Tire Type

• Racing Slick Tires
• Racing Treaded Tires

By Application

• Auto Racing Tires
• Motorcycle Racing Tires

By Distribution Channel

• Replacement Tires
• OEMs

By Country

• US
• Canada
• Mexico
• Rest of North America