United States Tire Market Forecast and Opportunities, 2021'', demand for tires in the United States is forecast to grow at a CAGR of over 5%, in volume terms, during 2016-2021.
The vehicle fleet of the country is dominated by passenger car segment, followed by light commercial vehicles, medium and heavy commercial vehicles, off-the-Road (OTR) vehicles and two-wheeler segment. As a result, the passenger car tire segment held the largest volume share in the country's tire market in 2015, and its dominance is anticipated to continue during the forecast period as well.
Leading global tire companies operating in the United States include Bridgestone, Goodyear, Michelin, Cooper, Continental, Sumitomo, Hankook, Yokohama, etc. The report also portrays huge potential of tire market in Southeast and Midwest regions of the country. The vast demand for tires from these regions can mainly be imputed to the large automobile fleet size, high population density coupled with the rapid urbanization in the area.
United States Tire Market Forecast and Opportunities, 2021'' report elaborates following aspects of tire market in the United States:
US Tire Market Size, Share & Forecast
Segmental Analysis - By Vehicle Type (Passenger Car, Medium and Heavy Commercial Vehicles, Light Commercial Vehicles, Off-The-Road (OTR) & Two-Wheeler Tires); By Demand Category (OEM Vs Replacement) and By Online Vs Offline Sales Channel
Policy & Regulatory Landscape
Changing Market Trends and Emerging Opportunities
Competitive Landscape and Strategic Recommendations