Tires & Rubber in the United States
SummaryTires & Rubber in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The tires and rubber market consists of the manufacturers revenues generated through the sales of both original equipment manufacturer (OEM) and aftermarket tires for passenger cars (Cars), commercial vehicles (Trucks) and motorcycles. The volume represents the number of tires produced for passenger cars, commercial vehicles and motorcycles. The volumes contained herein make a number of assumptions on the rate of tire wear. It is assumed that OEM vehicles receive one full set of tires upon completion, while aftermarket cars, motorcycles and trucks receive a new set approximately every four years, two years, and 15 months respectively.
- The US tires & rubber market had total revenues of $92.7 billion in 2022, representing a compound annual growth rate (CAGR) of -1% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 2.1% between 2017 and 2022, to reach a total of 1 billion tires in 2022.
- The US is one of the biggest markets globally, with a 19.6% market share, followed by Europe with a 16.1% share.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the tires & rubber market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the tires & rubber market in the United States
- Leading company profiles reveal details of key tires & rubber market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States tires & rubber market with five year forecasts
Reasons To Buy
- What was the size of the United States tires & rubber market by value in 2022?
- What will be the size of the United States tires & rubber market in 2027?
- What factors are affecting the strength of competition in the United States tires & rubber market?
- How has the market performed over the last five years?
- What are the main segments that make up the United State's tires & rubber market?
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