The North America Racing Tires Market would witness market growth of 5.7% CAGR during the forecast period (2025-2032).
The US market dominated the North America Racing Tires Market, By Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,814.9 Million by 2032. The Canada market is experiencing a CAGR of 7.6% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2025 - 2032).
The racing tire market has witnessed substantial growth in recent years, driven by increasing interest in motorsports and innovations in tire technology. Racing tires are designed specifically to withstand the extreme conditions of high-speed racing events, providing optimal traction, durability, and performance. Key players in the industry have continuously focused on enhancing the tire's design and material to meet the specific demands of various racing categories such as Formula 1, NASCAR, MotoGP, and rally events.
The global nature of motorsports has also expanded the market, with racing tire manufacturers constantly striving to improve performance while adhering to the safety standards set by governing bodies like the FIA and the FIM. The growth of the market can be attributed to technological advancements in tire composition and design. Manufacturers are increasingly utilizing cutting-edge materials like synthetic rubbers and compounds that provide superior grip on race tracks, contributing to better lap times and performance.
The market in North America is witnessing robust growth, driven by the region’s deep-rooted motorsport culture, expanding amateur racing scene, and rising demand for high-performance automotive components. NASCAR (National Association for Stock Car Auto Racing) is one of the most popular and widely followed forms of car racing in the United States. It involves stock car racing, with events like the Daytona 500 drawing significant attention. Moreover, over the years, numerous motorsports events have garnered the interest of enthusiasts and fans in Canada, where car racing activities have experienced substantial expansion and popularity. Some notable racing series and events in Canada include the NASCAR Pinty’s Series, the Canadian Touring Car Championship (CTCC), and various local and regional racing competitions. A growing number of amateur track events, performance car ownership, and iconic circuits like the Canadian Tire Motorsport Park drive demand for high-performance racing tires in Canada. Hence, the rising car racing events in North America will assist in the growth of the regional racing tires market.
Based on Tire Type, the market is segmented into Racing Slick Tires and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires and OEMs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Bridgestone Corporation
- Maxxis International USA (Cheng Shin Rubber Industry Co.)
- Nexen Tire
- Zhongce Rubber Group Co., Limited
- The Yokohama Rubber Co., Ltd.
- The Goodyear Tire & Rubber Company
- Hankook Tire & Technology
- Michelin
- Pirelli & C. S.p.A.
- Continental AG
By Tire Type
- Racing Slick Tires
- Racing Treaded Tires
- Auto Racing Tires
- Motorcycle Racing Tires
- Replacement Tires
- OEMs
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Racing Tires Market, by TireType
- 1.4.2 North America Racing Tires Market, by Application
- 1.4.3 North America Racing Tires Market, by Distribution Channel
- 1.4.4 North America Racing Tires Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Racing Tires Market
- Chapter 5. North America Racing Tires Market, By Tire Type
- 5.1 North America Racing Slick Tires Market, By Country
- 5.2 North America Racing Treaded Tires Market, By Country
- Chapter 6. North America Racing Tires Market, By Application
- 6.1 North America Auto Racing Tires Market, By Country
- 6.2 North America Motorcycle Racing Tires Market, By Country
- Chapter 7. North America Racing Tires Market, By Distribution Channel
- 7.1 North America Replacement Tires Market, By Country
- 7.2 North America OEMs Market, By Country
- Chapter 8. North America Racing Tires Market, By Country
- 8.1 US Racing Tires Market
- 8.1.1 US Racing Tires Market, By Tire Type
- 8.1.2 US Racing Tires Market, By Application
- 8.1.3 US Racing Tires Market, By Distribution Channel
- 8.2 Canada Racing Tires Market
- 8.2.1 Canada Racing Tires Market, By Tire Type
- 8.2.2 Canada Racing Tires Market, By Application
- 8.2.3 Canada Racing Tires Market, By Distribution Channel
- 8.3 Mexico Racing Tires Market
- 8.3.1 Mexico Racing Tires Market, By Tire Type
- 8.3.2 Mexico Racing Tires Market, By Application
- 8.3.3 Mexico Racing Tires Market, By Distribution Channel
- 8.4 Rest of North America Racing Tires Market
- 8.4.1 Rest of North America Racing Tires Market, By Tire Type
- 8.4.2 Rest of North America Racing Tires Market, By Application
- 8.4.3 Rest of North America Racing Tires Market, By Distribution Channel
- Chapter 9. Company Profiles
- 9.1 Bridgestone Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Product Launches and Product Expansions:
- 9.1.5 SWOT Analysis
- 9.2 Maxxis International–USA (Cheng Shin Rubber Industry Co.)
- 9.2.1 Company Overview
- 9.2.2 Recent strategies and developments:
- 9.2.2.1 Partnerships, Collaborations, and Agreements:
- 9.2.3 SWOT Analysis
- 9.3 Nexen Tire
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 SWOT Analysis
- 9.4 Zhongce Rubber Group Co., Limited
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 The Yokohama Rubber Co., Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 The Goodyear Tire & Rubber Company
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Product Launches and Product Expansions:
- 9.6.5 SWOT Analysis
- 9.7 Hankook Tire & Technology
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Recent strategies and developments:
- 9.7.4.1 Product Launches and Product Expansions:
- 9.7.5 SWOT Analysis
- 9.8 Michelin
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Partnerships, Collaborations, and Agreements:
- 9.8.4.2 Product Launches and Product Expansions:
- 9.8.5 SWOT Analysis
- 9.9 Pirelli & C. S.p.A.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Recent strategies and developments:
- 9.9.4.1 Product Launches and Product Expansions:
- 9.9.5 SWOT Analysis
- 9.10. Continental AG
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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