United States Tire Market Report and Forecast 2025-2034

The United States tire market was around 364.63 Million Units in the year 2024. The market is estimated to grow at a CAGR of 2.70% between 2025 and 2034, reaching a volume of nearly 475.95 Million Units by 2034.

Key Trends in the Market

A tire is a circular-shaped structure that surrounds a wheel's rim. Its main function is to bear a vehicle's weight from the axle through the wheel and onto the ground, creating friction and providing traction. By doing so, it enables the vehicle to perform optimally, including starting, stopping, turning, and handling various road conditions.

• The United States tire market demand is being driven by the growing automotive industry. The USA manufactured 1.75 million cars in 2022, according to the International Organisation of Motor Vehicle Manufacturers.
• The growing demand for electric vehicles, buoyed by the introduction of favourable government policies, is driving the United States tire market growth. Government policies to incentivise EV adoption through measures such as tax credits, rebates, grants, and production requirements for automakers and improve technology are also aiding the market expansion.
• Further, increasing technological developments and investments are driving the United States tire market expansion. The use of virtual prototyping techniques by key players to reduce the time taken for testing tires and minimise the environmental impact of tire production is also fuelling the market growth.

United States Tire Industry Segmentation

The report titled “United States Tire Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Design:

• Radial
• Bias

Market Breakup by Type:

• Tube Tire
• Tubeless Tire

Market Breakup by Season:

• Winter Tire
• Summer Tire
• All Season Tire

Market Breakup by Vehicle Type:

• Two-Wheeler and Three-Wheeler
• Passenger Vehicle
• Heavy Commercial Vehicle
• Light and Medium Commercial Vehicle
• Others

Market Breakup by Sales Channel:

• OEM
• Aftermarket

Market Breakup by Region:

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

United States Tire Market Share by Vehicle Type

As per the United States tire market analysis, passenger vehicles hold a notable share of the market. According to the International Organisation of Motor Vehicle Manufacturers, the United States accounted for 2.9 million registrations or sales of new passenger cars vehicles in 2022. With the increasing popularity of electric and autonomous passenger vehicles, there is a growing demand for innovative tires that can increase the battery ranges of EVs and offer energy-efficient, smooth, and low-impact ride.

United States Tire Market Share by Season

All-season tires hold a significant portion of the United States tire market share. As all-season tires combine the characteristics of summer and winter tyres, they are designed for all weather conditions. They also offer good grip and round-the-year performance.

Drivers in moderate climates benefit most from the all-season tires, especially those who do not frequently face extreme winter conditions like snow, ice, and cold. With the advancements in technology and continuous improvement of rubber compounds, all-season tires have gained popularity in recent years.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States tire market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

Bridgestone Corporation

Bridgestone Corporation is a global leader providing sustainable mobility and advanced solutions. The company was founded in 1900. It has more than 50 production facilities and 55,000 employees, globally. Business units of Bridgestone Corporation include Bridgestone Retail Operations, Bandag, Firestone Building Products and Firestone Industrial Products.

Michelin Group

Michelin Group is the leading tire company that is headquartered in Clermont-Ferrand, France. It manufactures and markets tires and services for every type of vehicle, including aeroplanes, automobiles, motorcycles, earthmovers, farm equipment, and trucks. The company has a presence in 170 countries, with 111,200 employees boast 67 production plants in 17 different countries.

Continental AG

Continental AG develops pioneering technologies and services for sustainable and connected mobility. It was founded in 1871. It currently employs around 200,000 people in 57 countries, globally. The company is segmented into three segments, namely automotive, tire, and Industrial solutions (ContiTech).

Other United States tire market players include Pirelli & C. S.p.A, Tire Pte Ltd., Goodyear Tire & Rubber Company, Yokohama Tire Corporation, Toyo Tire Corp., Hankook Tire & Technology Co., Ltd., and Sumitomo Rubber Industries, Ltd., among others.