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Passenger Car Tires Market in the US 2015-2019

Passenger Car Tires Market in the US 2015-2019

About Passenger Car Tire

The tire market in the US is one of the largest markets in the world. The US is one of the leading importers of tires and a hub for a large number of vehicle manufacturers.According to the UNECE, in 2011, the US had 403 passenger cars per 1,000 people and 6,561,643 km (4,077,216 miles) of total road network. Also, it had about 126 million passenger cars in use in the same year, which indicates the commercial viability of the automotive industry and the associated markets in the country.The country has mixed weather, which differs from inland northern areas to the coastal areas. A considerable difference in temperature is observed during winters. For instance, the temperature varies in the range of -10 Fahrenheit in North Dakota/central and northern Minnesota to 70 Fahrenheit in central and southern Florida and far southern Texas. This variation in temperature necessitates the need for different types of tires, including winter tires, which are typically advocated for places with temperatures of less than 45 Fahrenheit. Some of the prominent local and multinational tire brands active in the tire market in the country include Michelin, Firestone, Bridgestone, Toyo Tire, Yokohama, Pirelli, Cooper Tires, Goodyear, and Continental Tires.

Technavio's analysts forecast the passenger car tire market in the US to grow at a CAGR of 1.91% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in the US for the period 2015-2019. The forecast and analysis of the market have been done in terms of volume. The market includes the following segments:

  • Replacement segment
  • OEM segment
Technavio's report, Passenger Car Tire Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Prominent Vendors
  • Bridgestone Americas Tire Operations
  • Continental Tire North America (formerly General Tire and Rubber)
  • Continental Tire the Americas
  • Cooper Tire & Rubber
  • Falken Tire
  • Giti Tires USA
  • Goodyear Tire and Rubber
  • Hankook Tire
  • Kumho Tire USA
  • Michelin North America
  • Nexen Tire America
  • Nitto Tire USA
  • Pirelli
  • Sumitomo Rubber Industries
  • Toyo Tire USA
  • Yokohama Tire
  • Market Driver
    • Falling Crude Oil Prices
    • For a full, detailed list, view our report
    Market Challenge
    • Increase in Retreading of Tires
    • For a full, detailed list, view our report
    Market Trend
    • Tightening of Tire Disposal Laws
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Passenger Car Tire Market in the US 2015-2019

    Technavio recognizes the following companies as the key players in the passenger car tire market in the US: Bridgestone Americas Tire Operations, Continental Tire North America (formerly General Tire and Rubber), Continental Tire the Americas, Cooper Tire & Rubber, Falken Tire, Giti Tires USA, Goodyear Tire and Rubber, Hankook Tire, Kumho Tire USA, Michelin North America, Nexen Tire America, Nitto Tire USA, Pirelli, Sumitomo Rubber Industries, Toyo Tire USA and Yokohama Tire

    Commenting on the report, an analyst from Technavio’s team said: “The tightening of tire disposal laws is seen as a major trend in the market as it gives way to an entire new industry of recycled tires. Scrap tires can be recycled to make asphalt, shoes, ducts, floors, carpets, and even alternative fuels. The US is ranked among the top countries concerned about sustainable consumption. The reason for its high ranking is the combined effort of consumers’ increased awareness and a series of rules to be followed by manufacturers, including those in the tire industry. Recycling tires is mandatory by law and the manufacturers' responsibility.”

    According to the report, despite the supply of crude oil being higher than the demand, OPEC, the world's largest oil cartel, has not cut production, which has led to a rapid fall in oil prices. Fuel prices, especially in oil producing countries, such as the US, are at their lowest in years. This fall in fuel prices has led to an increase in on-road and off-road driving. With an increase in the miles being driven, passenger car tires, are expected to wear out sooner, therefore leading to a steady need for the replacement of worn-out tires. With higher demand for replacements, the growth rate of the market is likely rise.

    Further, the report states that increase in retreading of tires affecting the replacement tire market.

    Companies Mentioned

    Bridgestone Americas Tire Operations, Continental Tire North America (formerly General Tire and Rubber), Continental Tire the Americas, Cooper Tire & Rubber, Falken Tire, Giti Tires USA, Goodyear Tire and Rubber, Hankook Tire, Kumho Tire USA, Michelin North America, Nexen Tire America, Nitto Tire USA, Pirelli, Sumitomo Rubber Industries, Toyo Tire USA, Yokohama Tire

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
      • Product Offerings
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
      • Overview of Tire Market
        • Table Tire Manufacturing Process
      • Key Tire Manufacturers Segmentation by Geography
        • Table Segmentation of Key Tire Manufacturers by Geography
      • Break Up of Raw Materials Cost
        • Table Break Up of Raw Materials Cost
      • Tire Industry Supply Chain
        • Suppliers
        • Tire Manufacturers
        • OEMs
      • Tires: Distribution Channels
      • Life Cycle of Tires
      • Factors Affecting Tire Prices
    • US – An Introduction
      • Table GDP of US 2010-2014
      • Table Real GDP Growth Rate of US 2010-2014
      • Table GDP per Capita of US 2010-2014
      • Table Population of US 2010-2014
      • Table Unemployment Rate of US 2010-2014
      • Table Import Volume Growth of US 2010-2014
      • Table Export Volume Growth of US 2010-2014
      • Table Statistics of US
    • Passenger Car Market in US
      • Passenger Car Market in US
        • Market Size
          • Table Passenger Car Production in US 2009-2014 (thousands of units)
          • Table Passenger Car Sales in US 2009-2014 (thousands of units)
    • General Overview of Tire Market in US
      • OEM and Replacement Tire Markets in US
    • Market Landscape
      • Market Overview
        • Table Passenger Car Tire Market in US by Customer Segments 2014-2019 (by Volume)
      • Passenger Car Tire Market in US 2014-2019
        • Table Passenger Car Tire Market in US 2014-2019 (millions of units)
    • Market Segmentation by Customer
      • OEM Tire Market for Passenger Cars in US
        • Market Size and Forecast
          • Table OEM Tire Market for Passenger Cars in US 2014-2019 (millions of units)
      • Replacement Tire Market for Passenger Cars in US
        • Market Size and Forecast
          • Table Replacement Tire Market for Passenger Cars in US 2014-2019 (millions of units)
      • Five Forces Analysis
    • Buying Criteria
    • Market Growth Drivers
      • Table Drivers of Passenger Car Tire Market in US
    • Drivers and their Impact
    • Market Challenges
      • Table Challenges of Passenger Car Tire Market in US
    • Impact of Drivers and Challenges
    • Market Trends
      • Table Trends of Passenger Car Tire Market in US
    • Trends and their Impact
    • Tire Disposal
      • Potential Hazards of Used Tires
    • Vendor Landscape
      • Competitive Scenario
        • Table Key Vendors in Passenger Car Tire Market in US (2014)
      • Market Share Analysis
        • Key News
    • Key Vendor Analysis
      • Bridgestone Americas Tire Operations
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Bridgestone Americas Tire Operations: Product Segmentation
        • Key Brands
          • Table Bridgestone Americas Tire Operations: Key Brands
        • SWOT Analysis
      • Continental Tires the Americas
        • Key Facts
        • Business Overview
        • Product Categories
          • Table Continental Tires the Americas: Product Categories
        • Channels of Distribution
          • Table Continental Tires the Americas: Channels of Distribution
        • Recent Developments
        • SWOT Analysis
      • Continental Tire North America
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Cooper Tire & Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Cooper Tire & Rubber: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Cooper Tire & Rubber: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Cooper Tire & Rubber: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Falken Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Falken Tire: Product Segmentation
        • Recent Developments
        • SWOT Analysis
      • GITI Tire US
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Goodyear
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Goodyear: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Goodyear: Business Segmentation by Revenue 2012-2013 ($ billion)
        • Geographical Segmentation by Revenue 2013
          • Table Goodyear: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Key Developments
        • SWOT Analysis
      • Hankook Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Hankook Tire: Product Segmentation
        • Geographical Segmentation by Revenue 2013
          • Table Hankook Tire: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Kumho Tire USA
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Michelin North America
        • Key Facts
        • Business Overview
          • Table Michelin North America: Product Categories
        • Geographical Presence
          • Table Michelin North America: Geographical Presence
        • Recent Developments
        • SWOT Analysis
      • Nexen Tire
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Nexen Tire: Business Segmentation by Revenue 2014
        • Geographical Segmentation by Revenue 2014
          • Table Nexen Tire: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Nitto Tire USA
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Nitto Tire U.S.A: Product Segmentation
        • Recent Developments
        • SWOT Analysis
      • Pirelli
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Pirelli: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Pirelli: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Pirelli: Geographical Segmentation by Revenue 2013
        • Sales Segmentation by End-markets 2013
          • Table Pirelli: Sales Segmentation by End-markets 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Sumitomo Rubber Industries
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Sumitomo Rubber Industries: Business Segmentation by Revenue 2013
        • Geographical Segmentation by Revenue 2013
          • Table Sumitomo Rubber Industries: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Toyo Tire U.S.A
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Yokohama Rubber
        • Key Facts
        • Business Overview
        • Business segmentation by revenue 2014
          • Table Yokohama Rubber: business segmentation by revenue 2014
        • Business segmentation by revenue 2013 and 2014
          • Table Yokohama Rubber: business segmentation by revenue 2013 and 2014 ($ billion)
        • Geographical segmentation by revenue 2014
          • Table Yokohama Rubber: geographical segmentation by revenue 2014
        • Business strategy
        • Recent developments
        • SWOT Analysis
    • Other Reports in this Series

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