Logo
North America Tire (Tyre) Market Outlook, 2026

North America Tire (Tyre) Market Outlook, 2026

Bonafide Research 13-07-2021 100 Pages Figures : 7 Tables : 42
Region : North America Category : Automotive & Transport Automotive Parts

1. Bridgestone

2. Apollo Tyres

3. Continental

4. Cooper Tires

5. Goodyear Tyres

More...

The North America tire market is developed well progressed towards maturity. As vehicles are getting more efficient, roads are getting smoother; the North American tire market finds itself on a suitable pedestal to grow upon. As per the market research report published by Bonafide Research, under the title North America Tire Market Outlook, 2026 the market is evaluated to be selling 587.86 Million tires annually as of 2020 and is expected to grow to USD 103.48 Billion in size by the year 2026.

In order to assess and study the regional trends and patterns in the North America tire market, the research has been approached by looking at the market through appropriate segments and classification. The segments that aided in the comprehensive evaluation of the markets were based on vehicle types, end-use demand, and the demand of tires on the basis of their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2 wheeler vehicles, 3 wheeler, and other vehicles including bicycles. The categorization on the basis of end-use demand includes demand for replacement tires and OEM demand for tires. Based on design types, the tire market is segmented as radial tires and bias-ply tires. To have a broader understanding of the North America landscape of the tire market, further segmentation has been made based on countries, and the sales channels through which the products are made available to the distributors and customers.

The North America tire market is majorly driven by the USA having almost a little more than 85% of the overall market’s share. Canada, Mexico combined share a little over 14% of the market leaving a minuscule share for the rest of the North American tire market. The USA and Canada are more developed economies and have a more saturated tire market than Mexico. Mexican tire market is the fastest growing tire market in the region, forecasted to register a CAGR little shy of 7% during the forecast period of 2021 to 2026. As the North American region is highly developed economically, where the automotive industry is well penetrated, the radial tires have one of the highest adoption rates in the region as compared to the rest of the world. When the market is segmented on the basis of vehicle types, it has been observed that the LCV tires were the most demanded in the region historically from 2015 to 2020. One of the reasons for the higher growth is due to the expansion of urban inter and intra city logistics in the region facilitating small and growing businesses.

CONSIDERED IN THE REPORT
• Geography: North America
• Base Year: 2020
• Historical year: 2015
• Forecasted Year: 2026

COUNTRIES COVERED
• USA
• Canada
• Mexico
• Rest of North America

ASPECTS COVERED IN THE REPORT
• Market Size by Value (2015-2026F)
• Market Size by Volume (2015-2026F)
• Market Share by Vehicle Type
• Market Share by End Use
• Market Share by Design
• Market Share by Sales Channel
• Market Share by Country

THIS REPORT WOULD HELP YOU ANSWER THE FOLLOWING QUESTIONS:
• What is the size of the North America tire market?
• How much do different vehicle types contribute to the North America tire market?
• What are the growth trends of radial tires and bias ply tires North America?
• To what extend did Covid-19 pandemic impact the OEM and replacement demand of tires North America?
• What are the drivers, development and key challenges in the North America tire marke

Read More

Card image cap

Interested in this report?
Get your FREE sample!

Requirement Gathering & Methodology
Data Collection Techniques
Our Research Team & Data Sourcing
Data Science & Analytical Tools
Data Visualization & Presentation Skills
Project/ Report Delivery & After Sales Services