United States Automotive Tire and Wheel Market was valued at USD 25 Billion in 2022 and is projected to reach USD 37 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030.
The US Automotive Tire and Wheel Market plays a vital role in the overall automotive industry, shaping both vehicle performance and safety. As the demand for vehicles increases, the requirement for high-quality automotive tires and wheels also rises. These products are essential for ensuring a vehicle's stability, fuel efficiency, and smooth operation. Different industries, from passenger vehicles to heavy-duty trucks, rely heavily on these products, demanding a range of specifications and features tailored to their needs.
One of the significant trends in the US Automotive Tire and Wheel Market is the growing emphasis on specialized tires and wheels. These include performance tires for sports cars, all-terrain tires for off-road vehicles, and eco-friendly tires for electric vehicles. Industry demands are shifting toward more sustainable and technologically advanced products, such as tires designed to reduce rolling resistance and improve fuel efficiency. Manufacturers are investing heavily in research and development to meet these requirements, focusing on innovations like smart tires equipped with sensors to monitor tire pressure, wear, and temperature.
The demand for custom wheels is also on the rise, driven by aesthetic preferences and vehicle personalization. Industries like aftermarket automotive parts and racing sports are particularly focused on wheels that provide both aesthetic appeal and enhanced performance. Lightweight and durable materials like aluminum and carbon fiber are increasingly being used to meet these requirements, offering improved vehicle performance without compromising on strength.
Furthermore, as the US automotive industry continues to grow, particularly in sectors such as electric and autonomous vehicles, the Automotive Tire and Wheel Market must evolve. Electric vehicles, in particular, require specialized tires that offer optimal performance in terms of weight, noise reduction, and rolling resistance. These innovations, along with the increased demand for customization and sustainability, will drive the US automotive tire and wheel market in the coming years.
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Michelin
Pirelli
Bridgestone
Continental
Hankook
Cooper
Nokian Tyres
Yokohama
Triangle Group
Maxxis
Uniroyal
Nexen
BFGoodrich
The Goodyear Tire & Rubber Company
Hoosier Tire Canada
Toyo Tire & Rubber
Kumho Tire
Maxxis Tires USA
ZC Rubber
Sumitomo Rubber Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Automotive Tire and Wheel Market
Radial Tires
Bias Ply Tires
Run-flat Tires
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Two-Wheelers
Radial Construction
Bias Ply Construction
OEM (Original Equipment Manufacturers)
Aftermarket
Natural Rubber
Synthetic Rubber
Carbon Black
Steel
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Automotive Tire and Wheel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Automotive Tire and Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Automotive Tire and Wheel Market, By Type
6. US Automotive Tire and Wheel Market, By Application
7. US Automotive Tire and Wheel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Automotive Tire and Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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