North America Tire Market Report and Forecast 2025-2034
Description
The North America tire market attained a volume of 399.87 Million Units in 2024. The market is further projected to grow at a CAGR of 2.60% between 2025 and 2034, reaching a volume of 516.88 Million Units by 2034.
The market is expected to grow at a significant CAGR due to the increasing production and sales of luxury,autonomous vehicles, passenger, or commercial vehicles and significant improvements in the automotive industry. The region is one of the major automotive markets with a sale of around 19.5 million vehicles in 2019. As per the US Bureau of Transportation Statistics, 287.3 million vehicles were registered (on-road) in the US in 2020 as compared to 284.5 million in 2019, which bodes well fortire industry.
The growing demand for luxury vehicles in North America is driving the North America tire market growth as these vehicles require high-quality tires that offer enhanced stability, reliability, and puncture resistance. The increasing focus on improving driver and passenger safety due to the rising number of fatal road accidents is also influencing the market positively.
The rising adoption of winter tires during extreme weather conditions, such as snow and ice, is another key trend in the North American tire market. These tires offer better traction, handling, and safety during winter conditions, making them essential for drivers in regions with harsh winters.
Moreover, manufacturers are focusing on reducing their environmental impact by recovering and recycling used tires and launching eco-friendly, lightweight, and airless three-dimensional (3D) printed variants.
As per the North America tire market analysis, the tubeless tire segment is expected to have a major share of the market share due to the advantages of tubeless tires, including better fuel efficiency, longer lifespan, and improved safety. Tubeless tires are less prone to punctures, and even if a puncture occurs, they are less likely to lose air quickly, reducing the risk of accidents. Tubeless tires also offer better heat dissipation, which can help prevent blowouts and improve tire durability.
Market Segmentation
North America Tire Industry Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Design
Radial
Bias
Market Breakup by Type
Tube Tire
Tubeless Tire
Market Breakup by Season
Winter Tire
Summer Tire
All Season Tire
Market Breakup by Vehicle Type
Two-Wheeler and Three-Wheeler
Passenger Vehicle
Heavy Commercial Vehicle
Light and Medium Commercial Vehicle
Market Breakup by Sales Channel
OEM
Aftermarket
Market Breakup by Country
United States of America
Canada
Competitive Landscape
Market players are focused on development of smart tires, eco-friendly tires, and tires with advanced safety features to stay ahead in the competition.
Bridgestone Corporation
Michelin Group
Continental AG
Pirelli & C. S.p.A
Goodyear Tire & Rubber Company
Yokohama Rubber Co., Ltd.
Hankook Tire & Technology Co., Ltd.
Sumitomo Rubber Industries, Ltd.
Giti Tire Pte Ltd.
Toyo Tire Corp.
Others
The market is expected to grow at a significant CAGR due to the increasing production and sales of luxury,autonomous vehicles, passenger, or commercial vehicles and significant improvements in the automotive industry. The region is one of the major automotive markets with a sale of around 19.5 million vehicles in 2019. As per the US Bureau of Transportation Statistics, 287.3 million vehicles were registered (on-road) in the US in 2020 as compared to 284.5 million in 2019, which bodes well fortire industry.
The growing demand for luxury vehicles in North America is driving the North America tire market growth as these vehicles require high-quality tires that offer enhanced stability, reliability, and puncture resistance. The increasing focus on improving driver and passenger safety due to the rising number of fatal road accidents is also influencing the market positively.
The rising adoption of winter tires during extreme weather conditions, such as snow and ice, is another key trend in the North American tire market. These tires offer better traction, handling, and safety during winter conditions, making them essential for drivers in regions with harsh winters.
Moreover, manufacturers are focusing on reducing their environmental impact by recovering and recycling used tires and launching eco-friendly, lightweight, and airless three-dimensional (3D) printed variants.
As per the North America tire market analysis, the tubeless tire segment is expected to have a major share of the market share due to the advantages of tubeless tires, including better fuel efficiency, longer lifespan, and improved safety. Tubeless tires are less prone to punctures, and even if a puncture occurs, they are less likely to lose air quickly, reducing the risk of accidents. Tubeless tires also offer better heat dissipation, which can help prevent blowouts and improve tire durability.
Market Segmentation
North America Tire Industry Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Design
Radial
Bias
Market Breakup by Type
Tube Tire
Tubeless Tire
Market Breakup by Season
Winter Tire
Summer Tire
All Season Tire
Market Breakup by Vehicle Type
Two-Wheeler and Three-Wheeler
Passenger Vehicle
Heavy Commercial Vehicle
Light and Medium Commercial Vehicle
Market Breakup by Sales Channel
OEM
Aftermarket
Market Breakup by Country
United States of America
Canada
Competitive Landscape
Market players are focused on development of smart tires, eco-friendly tires, and tires with advanced safety features to stay ahead in the competition.
Bridgestone Corporation
Michelin Group
Continental AG
Pirelli & C. S.p.A
Goodyear Tire & Rubber Company
Yokohama Rubber Co., Ltd.
Hankook Tire & Technology Co., Ltd.
Sumitomo Rubber Industries, Ltd.
Giti Tire Pte Ltd.
Toyo Tire Corp.
Others
Table of Contents
103 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Tire Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Tire Historical Market (2018-2024)
- 5.3 Global Tire Market Forecast (2025-2034)
- 5.4 Global Tire Market Breakup by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Tire Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Tire Historical Market (2018-2024)
- 6.3 North America Tire Market Forecast (2025-2034)
- 7 North America Tire Market by Design
- 7.1 Radial
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Bias
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 North America Tire Market by Type
- 8.1 Tube Tire
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Tubeless Tire
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Tire Market by Season
- 9.1 Winter Tire
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Summer Tire
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 All Season Tire
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 10 North America Tire Market by Vehicle Type
- 10.1 Two-Wheeler and Three-Wheeler
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Passenger Vehicle
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Heavy Commercial Vehicle
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Light and Medium Commercial Vehicle
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 11 North America Tire Market by Sales Channel
- 11.1 OEM
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Aftermarket
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 12 North America Tire Market by Country
- 12.1 United States of America
- 12.1.1 Historical Trend (2018-2024)
- 12.1.2 Forecast Trend (2025-2034)
- 12.2 Canada
- 12.2.1 Historical Trend (2018-2024)
- 12.2.2 Forecast Trend (2025-2034)
- 13 Market Dynamics
- 13.1 SWOT Analysis
- 13.1.1 Strengths
- 13.1.2 Weaknesses
- 13.1.3 Opportunities
- 13.1.4 Threats
- 13.2 Porter’s Five Forces Analysis
- 13.2.1 Supplier’s Power
- 13.2.2 Buyer’s Power
- 13.2.3 Threat of New Entrants
- 13.2.4 Degree of Rivalry
- 13.2.5 Threat of Substitutes
- 13.3 Key Indicators of Demand
- 13.4 Key Indicators of Price
- 14 Value Chain Analysis
- 15 Trade Data Analysis (HS Code - 411)
- 15.1 Major Importing Countries
- 15.1.1 By Volume
- 15.1.2 By Value
- 15.2 Major Exporting Countries
- 15.2.1 By Volume
- 15.2.2 By Value
- 16 Price Analysis
- 17 Competitive Landscape
- 17.1 Supplier Selection
- 17.2 Key Global Players
- 17.3 Key Regional Players
- 17.4 Key Player Strategies
- 17.5 Company Profiles
- 17.5.1 Bridgestone Corporation
- 17.5.1.1 Company Overview
- 17.5.1.2 Product Portfolio
- 17.5.1.3 Demographic Reach and Achievements
- 17.5.1.4 Certifications
- 17.5.2 Michelin Group
- 17.5.2.1 Company Overview
- 17.5.2.2 Product Portfolio
- 17.5.2.3 Demographic Reach and Achievements
- 17.5.2.4 Certifications
- 17.5.3 Continental AG
- 17.5.3.1 Company Overview
- 17.5.3.2 Product Portfolio
- 17.5.3.3 Demographic Reach and Achievements
- 17.5.3.4 Certifications
- 17.5.4 Pirelli & C. S.p.A
- 17.5.4.1 Company Overview
- 17.5.4.2 Product Portfolio
- 17.5.4.3 Demographic Reach and Achievements
- 17.5.4.4 Certifications
- 17.5.5 Goodyear Tire & Rubber Company
- 17.5.5.1 Company Overview
- 17.5.5.2 Product Portfolio
- 17.5.5.3 Demographic Reach and Achievements
- 17.5.5.4 Certifications
- 17.5.6 Yokohama Rubber Co., Ltd.
- 17.5.6.1 Company Overview
- 17.5.6.2 Product Portfolio
- 17.5.6.3 Demographic Reach and Achievements
- 17.5.6.4 Certifications
- 17.5.7 Hankook Tire & Technology Co., Ltd.
- 17.5.7.1 Company Overview
- 17.5.7.2 Product Portfolio
- 17.5.7.3 Demographic Reach and Achievements
- 17.5.7.4 Certifications
- 17.5.8 Sumitomo Rubber Industries, Ltd.
- 17.5.8.1 Company Overview
- 17.5.8.2 Product Portfolio
- 17.5.8.3 Demographic Reach and Achievements
- 17.5.8.4 Certifications
- 17.5.9 Giti Tire Pte Ltd.
- 17.5.9.1 Company Overview
- 17.5.9.2 Product Portfolio
- 17.5.9.3 Demographic Reach and Achievements
- 17.5.9.4 Certifications
- 17.5.10 Toyo Tire Corp.
- 17.5.10.1 Company Overview
- 17.5.10.2 Product Portfolio
- 17.5.10.3 Demographic Reach and Achievements
- 17.5.10.4 Certifications
- 17.5.11 Others
Pricing
Currency Rates
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