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According to the latest report by IMARC Group, titled, “United States Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The United States tire market size reached 338 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 391.9 Million Units by 2027, exhibiting a growth rate (CAGR) of 2.6% during 2022-2027.

A tire refers to a ring-shaped, pneumatically inflated structure that encloses the rim of a wheel. It is generally made from natural or synthetic rubber, carbon black, fabric, silica, wire, steel, etc., and assists in transferring the vehicle’s load onto the road by generating a soft contact. A tire acts as a cushion for the wheels of a moving vehicle by creating a secure grip for traction. It also absorbs shocks, reduces vibrations, maintains the direction of travel, and endures the tractive force between the vehicle and the road surface, thereby enhancing the automobile’s overall performance.

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United States Tire Market Trends and Drivers:

The growing automotive industry, coupled with the escalating demand for vehicles owing to the rising living standards of the consumers, is primarily driving the United States tire market. In addition to this, the increasing investments by the US government to promote sustainable and environmental-friendly tire manufacturing procedures are also stimulating the growth of the regional market. Furthermore, changing consumer preferences towards advanced vehicles with improved performance are prompting tire manufacturers to use creative designs and technologies for enhancing tire efficiency, controlling overhead cost, improving longevity, etc. This, in turn, is expected to bolster the growth of United States tire market over the coming years.

United States Tire Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players.

The report has segmented the market based on design, end-use, vehicle type, distribution channel and season.

Breakup by Design:

  • Radial
  • Bias

Breakup by End-Use:

  • OEM
  • Replacement

Breakup by Vehicle Type:

  • Passenger Cars
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Light Commercial Vehicles
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Medium and Heavy Commercial Vehicles
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Two Wheelers
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Three Wheelers
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Off-The-Road (OTR)
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size

Breakup by Distribution Channel:

  • Offline
  • Online

Breakup by Season:

  • All Season Tires
  • Winter Tires
  • Summer Tires

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/united-states-tire-market

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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