US Automotive Tires Market is estimated to be USD 32.12 Bn in 2023 and is expected to reach USD 40.26 Bn by 2028, growing at a CAGR of 4.62%.The automobile evolved from a luxury item and a symbol of prosperity to a necessity in much of North America and the developing world
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic Market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the Market, and create price signals.As the Market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The US Automotive Tires Market is segmented based on Section Width, Aspect Ratio, Rim Size, Material, Tube, Vehicle Type, and Sales Channel.- By Section Width, the market is classified into 200 MM, 200-230 MM, and >230 MM.
- By Aspect Ratio, the market is classified into < 60, 60-70, and 70-90.
- By Rim Size, the market is classified into 13”-15”, 16”-18”, 19”-21”, and 21”-26” .
- By Material, the market is classified into Natural Rubber and Synthetic Rubber.
- By Tube, the market is classified into Tubed Tire and Tubeless Tire.
- By Vehicle Type, the market is classified into Commercial Vehicles and Passenger Vehicles.
- By Sales Channel, the market is classified into OEMs and Aftermarket.
Company Profiles
The report provides a detailed analysis of the competitors in the Market. It covers the financial performance analysis for the publicly listed companies in the Market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Goodyear Tire & Rubber Co., Alliance Tire Company Ltd., Cooper Tire & Rubber Co., Sumitomo Rubber Industries, Inc., Giti Tire Pte. Ltd., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in Market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Automotive Tires Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the US Automotive Tires Market using the Ansoff Matrix to provide the best approaches a company can take to improve its Market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for Market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the US Automotive Tires Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about Market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the Market, including parent industry
- Important Market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the Market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the Market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Number of Automobiles
4.1.2 Growing Awareness for Automotive Maintenance and Safety
4.2 Restraints
4.2.1 Stringent Government Regulations
4.2.2 Increase in Resource Consumption and Environmental Concerns
4.2.3 Fluctuations in Raw Materials Prices
4.3 Opportunities
4.3.1 Development of New Optimized Tyres
4.3.2 Tyre Development with Sustainable Materials
4.4 Challenges
4.4.1 Product Recall
4.4.2 Decline of the Spare Wheel to Free up Space and Weight
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 US’ Automotive Tires Market, By Section Width
6.1 Introduction
6.2 200 MM
6.3 200-230 MM
6.4 >230 MM
7 US’ Automotive Tires Market, By Aspect Ratio
7.1 Introduction
7.2 < 60
7.3 60-70
7.4 70-90
8 US’ Automotive Tires Market, By Rim Size
8.1 Introduction
8.2 13”-15”
8.3 16”-18”
8.4 19”-21”
8.5 21”-26”
9 US’ Automotive Tires Market, By Material
9.1 Introduction
9.2 Natural Rubber
9.3 Synthetic Rubber
10 US’ Automotive Tires Market, By Tube
10.1 Introduction
10.2 Tubed Tire
10.3 Tubeless Tire
11 US’ Automotive Tires Market, By Vehicle Type
11.1 Introduction
11.2 Commercial Vehicles
11.3 Passenger Vehicles
12 US’ Automotive Tires Market, By Sales Channel
12.1 Introduction
12.2 OEM
12.3 Aftermarket
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Alliance Tire Company Ltd.
14.2 Bridgestone Corp.
14.3 Carlisle Companies Inc.
14.4 Continental Ag
14.5 Cooper Tire & Rubber Co.
14.6 Dunlop Tyres
14.7 Firestone Tire and Rubber Co.
14.8 Giti Tire Pte. Ltd.
14.9 Goodyear Tire & Rubber Co.
14.10 Hoosier Racing Tire
14.11 Kumho Tire U.S.A., Inc.
14.12 Maxxis
14.13 Michelin
14.14 Nokian Tyres
14.15 Pirelli & C. S.p.A.
14.16 Sumitomo Rubber Industries, Inc.
14.17 Titan Tire Corp.
14.18 Uniroyal
14.19 Vogue Tyre and Rubber Co.
14.20 Yokohama Rubber Co
15 Appendix
15.1 Questionnaire
Companies Mentioned
- Alliance Tire Company Ltd.
- Bridgestone Corp.
- Carlisle Companies Inc.
- Continental Ag
- Cooper Tire & Rubber Co.
- Dunlop Tyres
- Firestone Tire and Rubber Co.
- Giti Tire Pte. Ltd.
- Goodyear Tire & Rubber Co.
- Hoosier Racing Tire
- Kumho Tire U.S.A., Inc.
- Maxxis
- Michelin
- Nokian Tyres
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Inc.
- Titan Tire Corp.
- Uniroyal
- Vogue Tyre and Rubber Co.
- Yokohama Rubber Co
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 32.12 Billion |
| Forecasted Market Value ( USD | $ 40.26 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | United States |
| No. of Companies Mentioned | 20 |
