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United States Tire Market By Vehicle Type, By Demand Category, Competit ion Forecast
&Opportunities , 2011 -2021
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
© TechSci Research
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T a b l e o f C o n t e n t s
S No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. United States Tire Production Overview
5. United States Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Cars, LCV, M&HCV, OTR & Two Wheeler)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM Vs Replacement)
5.2.5. By Online Vs Offline Sales Channel
6. United States Passenger Car (PC) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Demand Category (OEM Vs Replacement)
6.3. United States Passenger Car Tire – Popular Sizes
7. United States Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
© TechSci Research
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T a b l e o f C o n t e n t s
S No. Contents
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Demand Category (OEM Vs Replacement)
7.3 United States LCV Tire - Popular Sizes
8. United States Medium & Heavy Commercial (M&HCV) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Demand Category (OEM Vs Replacement)
8.3. United States M&HCV Tire – Popular Sizes
9. United States Off-the Road (OTR) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1 By Vehicle Type
9.2.2. United States OTR Tire Import Tariff
9.3. United States OTR Tire – Popular Sizes
10. United States Two-Wheeler (2W) Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
© TechSci Research
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T a b l e o f C o n t e n t s
S No. Contents
11. United States Tire Retreading Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Company
11.3. United States Top Retreaders
12. Import-Export Analysis
13. Sales Channel Analysis
14. Market Dynamics
14.1. Drivers
14.2. Challenges
15. Market Trends & Developments
15.1. Automotive Market Scenario
15.2. Expanding Scrap Tire Market
15.3. Increasing Online Tire Sales
15.4. High Performance Tires
15.5. Increasing Tire Sales through Auto Dealers
16. Policy & Regulatory Landscape
17. United States Economic Profile
18. Competitive Landscape
© TechSci Research
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T a b l e o f C o n t e n t s
S No. Contents
18.1. Bridgestone Americas Inc.
18.2. Goodyear Tire & Rubber Company
18.3. Michelin North America Inc.
18.4. Cooper Tire & Rubber Company
18.5. Continental Tire The Americas LLC
18.6. Sumitomo Tire North America Inc.
18.7. Hankook Tire America Corp.
18.8. Yokohama Tire Corporation
18.9. Pirelli Tire North America LLC
18.10. Toyo Tire USA Corp.
19. Strategic Recommendations
20. About Us & Disclaimer
© TechSci Research
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P r o d u c t O v e r v i e w
Global tire supplier Michelin defines tire as, “A precisely engineered assembly of rubber,chemicals, fabric, and metal designed to provide traction, cushion road shock andcarry a load under varying conditions.”
Classification According to Vehicle Types
Product Definition
Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Small Car
Individuals
Middle Car
Large Car
Luxury Car
Cross Utility Vehicle (CUV)
Sports Utility Vehicle (SUV)
Light Commercial Vehicle (LCV)Pickup Tires
Logistics, Small Business Entrepreneurs, etc.
Van Tires
Medium and Heavy Commercial Vehicle (M&HCV)
Trucks for Classes 4 to 7
Transport Companies, Logistics, Small Business Entrepreneurs
Trucks for Class 8
Buses
OTRFarmers, Construction and Mining Companies, Military and Adventure
purposes, Sports & Racing
Two-Wheeler Motorcycle Individuals
© TechSci Research
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R e s e a r c h M e t h o d o l o g y
Baseline Methodology :
For the study, TechSci Research has gathered information through primary research surveys with leading tire
suppliers based in the US, and subsequently verified the information from major distributors of automobile tires in
the country. We have also put through an exhaustive search of credible paid databases such as Business Week,
Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the
collected information and presented them in chronological order to depict a meaningful and clear picture of the tire
market in the US.
While compiling data, we have also cross checked all the collected information from multiple sources and data
warehouses, so as to present the most accurate and precise information of the concerned industry.
Sources :
Economic Intelligence Unit (EIU), Hoovers, Business Week, Company Annual Reports, Factiva, One Source,
Company Annual Reports, News Articles, OICA, Alliance of Automobile Manufacturers, USA Government websites,
etc.
Companies InterviewedTop Ten Companies Interviewed: Bridgestone, Goodyear, Michelin,Cooper, Continental, Sumitomo, Hankook, Yokohama, Toyo & Pirelli.
I n d u s t r y B r i e f
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US Tire Market to Grow at CAGR 5% till 2021
Increasing sales of vehicles as well as continuously expanding automobile fleet across the country to drive theUnited States tire market through 2021
According to recently released TechSci Research report, “United States Tire Market Forecast and Opportunities,2021’’, the country’s tire market is projected to grow at a CAGR of over 5%, in volume terms, during 2016-2021, onaccount of expanding sales of automobiles, growing purchasing power of people and expanding vehicle fleet size.The prominent driver for expanding tire market of United States is rising automobile fleet, as can be witnessedfrom the fact that it rose from 311.71 million units in 2011 to 321.41 million units in 2015.
With an increasing volume share of over 80%, in volume terms in 2015, replacement tire segment dominated tireindustry of the United States. However, the OEM tire segmentis forecast to witness marginal change during theforecast period. In 2015, the country’s Southeast region comprising Alabama, Florida, Louisiana, Virginia, etc.,accounted for the largest share in the tire market, followed by Midwest, West, Northeast and Southwest regions ofthe United States. Government of US has also initiated strategic infrastructural projects and developments,resulting in growth in demand for vehicles as well as tires in the country. Some prominent tire manufacturingcompanies which have a strong presence in the country include Bridgestone, Continental, Michelin and Goodyear.Other players include Cooper, Yokohama, Hankook, Nexen, Pirelli, etc.
“With diverse ongoing and planned construction projects, United States is anticipated to witness infrastructuretransformation that will lead to developmental activities being undertaken in energy, transport, water,communication, health and housing sectors across the country, which is estimated to boost construction activitiesin the country; thereby, driving the automotive sector in the coming years. Moreover, the widespread presence ofwell-established network of dealers and distributors are expected to push tire sales in domestic market duringforecast period. On account of this, the country’s tire market is expected to witness a healthy growth in medium tolong term”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm.
© TechSci Research
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S a m p l e D a t a - S n a p s h o t
1 2 3 4 5 7 8 9 10 11 123 5 7 9 11
15 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Billion) Volume (Million Units)
United States Tire Market Size, By Value (USD Billion),
By Volume (Million Units),2011-2021F
Source:XXXXXNote: These are dummy figures; please purchase our report for actual data
United States Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Two-Wheeler OTR MHCV LCV PC
United States OTR Tire Market Attractiveness Index,
By Vehicle Type, By Volume, 2015-2021F
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
0.00 0.50 1.00 1.50 2.00 2.50 3.00
Mining, Construction & Industrial Equipment
Others
Agriculture Vehicles
United States Medium & Heavy Commercial Vehicle Tire
Market Share, By Vehicle Type, By Volume, 2011-2021F
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70%
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Buses Trucks of Classes 4 to 7 Trucks of Class 8
United States Passenger Car Tire Market Size, By Value (USD
Billion), By Volume (Million Units), 2011-2021F
1 2 3 4 5 7 8 9 10 11 123 5 7 9 11
15 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Billion) Volume (Million Units)
United States Tire Market Share, By Region, By Volume,
2015-2021F
15% 15% 15% 15% 15% 15% 15%
20% 20% 20% 20% 20% 20% 20%
25% 25% 25% 25% 25% 25% 25%
30% 30% 30% 30% 30% 30% 30%
35% 35% 35% 35% 35% 35% 35%
2015 2016E 2017F 2018F 2019F 2020F 2021F
West (Alaska + Hawaii) MidwestNortheast SoutheastSouthwest
R e p o r t O r d e r i n g
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Report Price
Report Name: United States Tire Market Forecast & Opportunities, 2021
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
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A b o u t U s & D i s c l a i m e r
11
© TechSci Research
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.
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