+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

U.S. Automotive Tire Market Research Report: By Vehicle, Design, Type, End-Use - Industry Size, Share Analysis and Growth Forecast to 2024

  • ID: 4844617
  • Report
  • June 2019
  • Region: United States
  • 87 pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Bridgestone Americas Inc
  • Kumho Tire U.S.A. Inc.
  • Pirelli & C. S.p.A.
  • Toyo Tire Corporation
  • Yokohama Tire Corporation
  • MORE
The U.S. automotive tire market is witnessing growth due to the prospering automotive industry and high demand for tire replacement due to the improving average age of vehicles. From $57.9 billion in 2018, the market is expected to garner $75.4 billion by 2024, registering a 5.4% CAGR during the forecast period (2019-2024). A circular component that goes around the wheel and contains compressed air, which helps in transferring the load of the vehicle from the axle to the ground, is referred to as a tire.

Low-rolling-resistance tires that are more fuel-efficient than conventional tires are trending in the U.S. automotive tire market. Additionally, they also provide enhanced durability and have a better grip for increased safety. Technological advancements have not only led to improvements in vehicles, thereby leading to their high demand, but they have also influenced the tires, which are now being made for improved functionality. For instance, innovation by market players in this field have led to the development of ultra-high-performance tires that are highly reliable and perform well at high speeds and on rough terrains.

The increasing average life of vehicles is a major factor driving the U.S. automotive tire market. Presently in the country, vehicles have an average life of 13-17 years. This can be attributed to the technical advancements and fierce competition in the market, which is why automobile manufacturers have to provide top-quality products in all aspects. As vehicles are supposed to last for a long time, the demand for tire replacement is increasing. Another contributing factor in the high tire demand is the increasing driving range of vehicles, which leads to increased wear and tear of tires.
U.S. AUTOMOTIVE TIRE MARKET SEGMENTATION

Market Segmentation by Vehicle

Two-Wheeler
Passenger Vehicle
Light Commercial Vehicle
Medium and Heavy Commercial Vehicles

Market Segmentation by Design

Radial
Bias

Market Segmentation by Type

Winter
Summer
All-Season

Market Segmentation by End Use

Original Equipment Manufacturer (OEM)
Aftermarket
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bridgestone Americas Inc
  • Kumho Tire U.S.A. Inc.
  • Pirelli & C. S.p.A.
  • Toyo Tire Corporation
  • Yokohama Tire Corporation
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Vehicle
1.3.2 Market Segmentation by Design
1.3.3 Market Segmentation by Type
1.3.4 Market Segmentation by End Use
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Volume
1.3.6.2 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.3.1 Baseline Factors
2.3.1.1 Vehicle sales and fleet size
2.3.1.2 Replacement tire sales
2.3.2 U.S. Automotive Tire Market Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Vehicle
4.1.1.1 Two-wheeler
4.1.1.2 Passenger vehicle
4.1.1.3 Light commercial vehicle
4.1.1.4 Medium and heavy commercial vehicles
4.1.2 By Design
4.1.2.1 Radial
4.1.2.2 Bias
4.1.3 By Type
4.1.3.1 Winter
4.1.3.2 Summer
4.1.3.3 All-season
4.1.4 By End Use
4.1.4.1 OEM
4.1.4.2 Aftermarket
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Development of advanced tires
4.3.2 Drivers
4.3.2.1 Growth in the automotive industry
4.3.2.2 High tire replacement rate due to increase in the average lifespan of vehicles
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Fluctuating raw material prices
4.3.3.2 Increasing longevity of tires affecting aftermarket sales
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Increasing demand for electric vehicles
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes

Chapter 5. Regulatory Landscape
5.1 Overview
5.2 State-Wise Regulations
5.2.1 Alabama
5.2.2 Alaska
5.2.3 Arkansas
5.2.4 California
5.2.5 Colorado
5.2.6 Connecticut
5.2.7 Delaware
5.2.8 Georgia
5.2.9 Idaho
5.2.10 Illinois
5.2.11 Indiana
5.2.12 Iowa
5.2.13 Louisiana
5.2.14 Maine
5.2.15 Massachusetts
5.2.16 Michigan
5.2.17 Missouri
5.2.18 Montana
5.2.19 Nevada
5.2.20 New Jersey
5.2.21 New York
5.2.22 North Dakota
5.2.23 Ohio
5.2.24 Oklahoma
5.2.25 Rhode Island
5.2.26 South Dakota
5.2.27 Texas
5.2.28 Washington
5.2.29 Wisconsin
5.2.30 Wyoming

Chapter 6. U.S. Market Size and Forecast
6.1 By Vehicle
6.2 By Design
6.3 By Type
6.4 By End Use

Chapter 7. Competitive Landscape
7.1 Market Share Analysis of Key Players
7.2 Strategic Developments of Key Players
7.2.1 Mergers and Acquisitions
7.2.2 Product Launches
7.2.3 Partnerships
7.2.4 Facility Expansions
7.2.5 Client Wins
7.2.6 Other Developments

Chapter 8. Company Profiles of OEMS
8.1 The Goodyear Tire & Rubber Company
8.1.1 Business Overview
8.1.2 Product and Service Offerings
8.1.3 Key Financial Summary
8.2 Michelin North America Inc.
8.2.1 Business Overview
8.2.2 Product and Service Offerings
8.3 Cooper Tire & Rubber Company
8.3.1 Business Overview
8.3.2 Product and Service Offerings
8.3.3 Key Financial Summary
8.4 Pirelli & C. S.p.A.
8.4.1 Business Overview
8.4.2 Product and Service Offerings
8.4.3 Key Financial Summary
8.5 Continental Tire the Americas LLC
8.5.1 Business Overview
8.5.2 Product and Service Offerings
8.6 Hankook Tire Company Limited
8.6.1 Business Overview
8.6.2 Product and Service Offerings
8.7 Bridgestone Americas Inc.
8.7.1 Business Overview
8.7.2 Product and Service Offerings
8.8 Kumho Tire U.S.A. Inc.
8.8.1 Business Overview
8.8.2 Product and Service Offerings
8.9 Toyo Tire Corporation
8.9.1 Business Overview
8.9.2 Product and Service Offerings
8.9.3 Key Financial Summary
8.10 Yokohama Tire Corporation
8.10.1 Business Overview
8.10.2 Product and Service Offerings

Chapter 9. Appendix
9.1 Abbreviations
9.2 Sources and References
9.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 BARGAINING POWER OF BUYERS
TABLE 5 BARGAINING POWER OF SUPPLIERS
TABLE 6 INTENSITY OF RIVALRY
TABLE 7 THREAT OF NEW ENTRANTS
TABLE 8 THREAT OF SUBSTITUTES
TABLE 9 U.S. AUTOMOTIVE TIRE MARKET, BY VEHICLE, MILLION UNITS (2014-2018)
TABLE 10 U.S. AUTOMOTIVE TIRE MARKET, BY VEHICLE, MILLION UNITS (2019-2024)
TABLE 11 U.S. AUTOMOTIVE TIRE MARKET, BY VEHICLE, $B (2014-2018)
TABLE 12 U.S. AUTOMOTIVE TIRE MARKET, BY VEHICLE, $B (2019-2024)
TABLE 13 U.S. AUTOMOTIVE TIRE MARKET, BY DESIGN, MILLION UNITS (2014-2018)
TABLE 14 U.S. AUTOMOTIVE TIRE MARKET, BY DESIGN, MILLION UNITS (2019-2024)
TABLE 15 U.S. AUTOMOTIVE TIRE MARKET, BY DESIGN, $B (2014-2018)
TABLE 16 U.S. AUTOMOTIVE TIRE MARKET, BY DESIGN, $B (2019-2024)
TABLE 17 U.S. AUTOMOTIVE TIRE MARKET, BY TYPE, MILLION UNITS (2014-2018)
TABLE 18 U.S. AUTOMOTIVE TIRE MARKET, BY TYPE, MILLION UNITS (2019-2024)
TABLE 19 U.S. AUTOMOTIVE TIRE MARKET, BY TYPE, $B (2014-2018)
TABLE 20 U.S. AUTOMOTIVE TIRE MARKET, BY TYPE, $B (2019-2024)
TABLE 21 U.S. AUTOMOTIVE TIRE MARKET, BY END USE, MILLION UNITS (2014-2018)
TABLE 22 U.S. AUTOMOTIVE TIRE MARKET, BY END USE, MILLION UNITS (2019-2024)
TABLE 23 U.S. AUTOMOTIVE TIRE MARKET, BY END USE, $B (2014-2018)
TABLE 24 U.S. AUTOMOTIVE TIRE MARKET, BY END USE, $B (2019-2024)
TABLE 25 THE GOODYEAR TIRE & RUBBER COMPANY - AT A GLANCE
TABLE 26 THE GOODYEAR TIRE & RUBBER COMPANY - KEY FINANCIAL SUMMARY
TABLE 27 MICHELIN NORTH AMERICA INC. - AT A GLANCE
TABLE 28 COOPER TIRE & RUBBER COMPANY - AT A GLANCE
TABLE 29 COOPER TIRE & RUBBER COMPANY - KEY FINANCIAL SUMMARY
TABLE 30 PIRELLI & C. S.P.A. - AT A GLANCE
TABLE 31 PIRELLI & C. S.P.A. - KEY FINANCIAL SUMMARY
TABLE 32 CONTINENTAL TIRE THE AMERICAS LLC - AT A GLANCE
TABLE 33 HANKOOK TIRE COMPANY LIMITED - AT A GLANCE
TABLE 34 BRIDGESTONE AMERICAS INC. - AT A GLANCE
TABLE 35 KUMHO TIRE U.S.A. INC. - AT A GLANCE
TABLE 36 TOYO TIRE CORPORATION - AT A GLANCE
TABLE 37 TOYO TIRE CORPORATION - KEY FINANCIAL SUMMARY
TABLE 38 YOKOHAMA TIRE CORPORATION - AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 5 DATA TRIANGULATION APPROACH
FIG 6 U.S. AUTOMOTIVE TIRE MARKET SUMMARY
FIG 7 VALUE CHAIN ANALYSIS
FIG 8 PORTER'S FIVE FORCES ANALYSIS
FIG 9 U.S. AUTOMOTIVE TIRE MARKET SNAPSHOT
FIG 10 U.S. AUTOMOTIVE TIRE MARKET, BY VEHICLE, MILLION UNITS (2014-2024)
FIG 11 U.S. AUTOMOTIVE TIRE MARKET, BY DESIGN, MILLION UNITS (2014-2024)
FIG 12 U.S. AUTOMOTIVE TIRE MARKET, BY TYPE, MILLION UNITS (2014-2024)
FIG 13 U.S. AUTOMOTIVE TIRE MARKET, BY END USE, MILLION UNITS (2014-2024)
FIG 14 U.S. AUTOMOTIVE TIRE MARKET SHARE OF MAJOR OEMS (2018)
FIG 15 THE GOODYEAR TIRE & RUBBER COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 16 COOPER TIRE & RUBBER COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 17 PIRELLI & C. S.P.A. - REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 18 TOYO TIRE CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
Note: Product cover images may vary from those shown
  • The Goodyear Tire & Rubber Company
  • Michelin North America Inc.
  • Cooper Tire & Rubber Company
  • Pirelli & C. S.p.A.
  • Continental Tire the Americas LLC
  • Hankook Tire Company Limited
  • Bridgestone Americas Inc
  • Kumho Tire U.S.A. Inc.
  • Toyo Tire Corporation
  • Yokohama Tire Corporation
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll