U.S. Automotive Tire Market Research Report: By Vehicle, Design, Type, End-Use - Industry Size, Share Analysis and Growth Forecast to 2024
DUBLIN, Sept. 30, 2019 /PRNewswire/ -- The "U.S. Automotive Tire Market Research Report: By Vehicle, Design, Type, End-Use - Industry Size, Share Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The market is expected to garner $75.4 billion by 2024, from $57.9 billion in 2018, registering a 5.4% CAGR during the forecast period (2019-2024).
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. 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.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
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
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
- 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.
- Yokohama Tire Corporation
- Toyo Tire Corporation.
For more information about this report visit https://www.researchandmarkets.com/r/p7g1l9
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article