us tire market forecast 2021 - brochure

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

2

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




6.2.1. By Vehicle Type


6.3. United States Passenger Car Tire – Popular Sizes

7. United States Light Commercial Vehicle (LCV) Tire Market Outlook



© TechSci Research

3


S No. Contents




7.3 United States LCV Tire - Popular Sizes

8. United States Medium & Heavy Commercial (M&HCV) Tire Market Outlook






8.3. United States M&HCV Tire – Popular Sizes

9. United States Off-the Road (OTR) Tire Market Outlook




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



© TechSci Research

4


S No. Contents

11. United States Tire Retreading Market Outlook





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

5


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

6

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

7

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

8

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.

https://www.techsciresearch.com/report/united-states-tire-market-forecast-opportunities/828.html

© TechSci Research

9

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

To View Sample OR Purchase Report

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

Hard Copy Mail Delivery $3500

Electronic Access - Multi-User License $5000

10

https://www.techsciresearch.com/sample-report.aspx?cid=828

http://www.techsciresearch.com/report/united-states-radio-taxi-services-market-forecast-and-opportunities-2021/617.html

A b o u t U s & D i s c l a i m e r

11

© TechSci Research

TechSci Research – North America

708 Third Avenue, Manhattan,

New York, United States

Tel: +1- 646- 360- 1656

Email: [email protected]

www.techsciresearch.com

About Us:

TechSci Research is a global market research and consulting company with offices in US, India and the UK . TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved

productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-

specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global

industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation

of the opportunities available in the market.

Related Reports

India Radio Taxi Services Market Forecast & Opportunities, 2020

India Automotive Brake Pads, Shoes, and Linings Market Forecast & Opportunities, 2020

India Premium Motorcycles Market Forecast & Opportunities, 2020

Partial List of Clients

Disclaimer:

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.

TechSci Research – Europe

54, Oldbrook, Bretton,

Peterborough,

United Kingdom



TechSci Research – Asia-Pacific

B-44, Sector -57, Noida, National

Capital Region, U.P. - India

Tel: +91-120-4523900

