United States Automotive Tires Market was valued at USD 32 Billion in 2022 and is projected to reach USD 48 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The US automotive tires market is undergoing a significant transformation, driven by technological advancements, shifting consumer preferences, and evolving industry dynamics. In 2024, the market is valued at approximately $45 billion and is projected to grow steadily over the next several years. This growth is largely fueled by innovations in tire manufacturing, the increasing adoption of electric vehicles (EVs), and the rising demand for safety and performance. With more than 270 million vehicles on US roads, the tire replacement market remains a critical part of the automotive sector.
Consumers are increasingly seeking high-performance tires that offer longer lifespan, better fuel efficiency, and enhanced driving comfort. The advent of smart tires, which integrate sensors to monitor tire health and provide real-time data to drivers, has further heightened interest in the market. Additionally, the shift towards sustainability is influencing tire manufacturers to explore eco-friendly materials, such as renewable rubber and recycled components.
Electric vehicles are having a profound impact on the automotive tire market. EVs place different demands on tires compared to traditional vehicles due to their weight and torque. Consequently, tire manufacturers are innovating to create tires specifically designed for EVs, which require lower rolling resistance, better durability, and noise reduction. As a result, manufacturers are witnessing a surge in demand for tires tailored to this growing segment.
The tire aftermarket continues to be a significant driver of market growth, with consumers frequently replacing tires due to wear and tear. Tire manufacturers are leveraging advanced technologies like artificial intelligence and big data analytics to predict tire replacement cycles, offering customers tailored solutions. Furthermore, the availability of 100 Gigabit Fiber Optic Transceiver Market technology is helping tire manufacturers optimize production processes and improve supply chain efficiencies.
In the competitive landscape, major players such as Bridgestone, Michelin, and Goodyear dominate the market, but new entrants are emerging, especially in the EV tire segment. The market is also witnessing a rise in direct-to-consumer tire sales, facilitated by e-commerce platforms. This shift is reshaping traditional distribution models, making it easier for consumers to purchase tires from the comfort of their homes.
As the US automotive tires market continues to evolve, advancements in technology, changes in consumer behavior, and the rise of electric vehicles will be key factors that shape its future. Manufacturers who can adapt to these changes while maintaining quality and sustainability will continue to thrive in this dynamic market.
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Michelin
Pirelli
Bridgestone
Continental
Hankook
Cooper
Nokian Tyres
Yokohama
Goodyear
Triangle Group
Maxxis
Uniroyal
Nexen
BFGoodrich
LEGO Group's
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 Tires Market
Radial Tires
Bias Ply Tires
Passenger Cars
Commercial Vehicles
Off-The-Road (OTR) Tires
Automotive
Agricultural
Construction
Mining
OEM (Original Equipment Manufacturer)
Aftermarket
Radial Ply Construction
Bias Ply Construction
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 Tires 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 Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Automotive Tires Market, By Type
6. US Automotive Tires Market, By Application
7. US Automotive Tires Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Automotive Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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