North America Tire Market Share, Growth, Scope and Forecast To 2026

North America Tire Market Outlook

Tire refers to a ring-shaped, inflated structure placed around the rim of the metallic wheel to provide smooth acceleration. It is generally manufactured using natural or synthetic rubber, wire, fabric, carbon black, chemical compounds, etc.

The North America tire market size reached a volume of 370 Million Units in 2020. Looking forward, IMARC Group expects the North America tire market to grow at a CAGR of around 4% during 2021-2026.

Tire aids in minimizing the rolling resistance, reducing wear and tear, increasing the performance of the vehicle, enhancing grip for safety, improving mileage and traction, etc. As a result, it finds extensive usage in numerous activities, such as construction, transportation, agriculture, etc.

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North America Tire Market Trends:

The rising demand for automobiles, owing to the outpaced economy, is primarily driving the North America tire market. Apart from this, the elevating usage of agricultural tire for supporting heavy vehicles, absorbing shock, reducing soil compaction, etc., is further catalyzing the market growth. Moreover, the widespread utilization of waste tire in several infrastructural projects, such as in the production of rubber composites and fuel in cement kilns, is positively influencing the product demand across the North America.

Besides this, the launch of several favorable policies by government bodies to minimize the instances of road accidents is also augmenting the market growth. Furthermore, numerous technological advancements, such as the integration of energy harvesting and display systems to offer insights and data regarding the performance of the vehicles, are anticipated to fuel the North America tire market over the forecasted period.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Key Market Segmentation:

The report has categorized the market based on segment and application.

Key Regions Analysed

  • United States
  • Canada

Market by Segment

  • OEM Market
  • Replacement Market

Market by Application

  • Passenger Car/ Light Truck
  • Commercial Tires (Trucks)
  • Commercial Tires (Off- Highway)

Competitive Landscape

  • Competitive Structure
  • Key Player Profiles

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Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

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