United States Tire Market to Grow with a CAGR of 5.49% through 2030
The United States tire market is driven
by rising vehicle ownership, technological advancements, and demand for fuel
efficiency, with growing adoption of smart tires and increasing emphasis on
sustainability and retreading
According
to TechSci Research report, “United States Tire Market – By Region, Competition,
Forecast & Opportunities, 2030F”, the United States Tire market stood
at USD 29.26 billion in 2024 and is anticipated to grow USD 40.21 billion by
2030 with a CAGR of 5.49% during forecast period. The United States tire market is undergoing significant
transformation, driven by changing consumer preferences, advancing
technologies, and the evolving landscape of mobility. As one of the most mature
automotive markets in the world, the U.S. offers substantial demand across both
the original equipment (OE) and replacement segments. The increasing number of
registered vehicles, rising average vehicle age, and growing emphasis on
safety, performance, and sustainability are reshaping the dynamics of tire
manufacturing and sales. Amid this backdrop, manufacturers are adapting to a
shifting landscape characterized by new regulatory demands, innovative product
development, and digitized retail channels.
A key factor propelling the market is
the continuous expansion of the national vehicle fleet. With over 290 million
registered vehicles in the U.S. and an average age of over 13.5 years,
replacement demand remains a critical growth driver. Older vehicles require
more frequent tire changes, and maintenance-conscious consumers are showing
greater awareness about tread wear, tire performance, and fuel economy.
Furthermore, original equipment tire shipments are on the rise, buoyed by new
vehicle production and recovery in the automotive sector following recent
supply chain disruptions. Vehicle manufacturers are also increasingly
collaborating with tire companies to equip new models with
performance-oriented, fuel-efficient, and advanced tires, thereby boosting OE
tire demand.
E-commerce is redefining tire retail and
distribution. Traditionally dominated by physical outlets and service centers,
the tire buying experience has shifted online, allowing consumers to research,
compare, and purchase tires from the comfort of their homes. Online platforms
provide extensive information on brands, performance specifications, user
reviews, and pricing, offering greater transparency and convenience. Many
e-commerce providers now offer mobile installation, home delivery, and digital
financing options, enhancing the overall consumer experience. Tire
manufacturers and large retailers are investing in digital infrastructure to
expand their direct-to-consumer presence, streamline logistics, and build brand
loyalty in a highly competitive environment.
Regulatory trends continue to influence
the trajectory of the U.S. tire market. Standards related to tire labeling,
emissions, fuel economy, and safety are evolving. The National Highway Traffic
Safety Administration (NHTSA) and EPA are pushing for higher fuel economy and
lower greenhouse gas emissions through initiatives such as the Corporate
Average Fuel Economy (CAFE) regulations. These initiatives place additional
pressure on tire manufacturers to innovate in the areas of energy efficiency
and material usage. At the same time, changing trade policies, such as import
tariffs and anti-dumping measures, are impacting the cost structure and
competitive dynamics, particularly in the replacement tire segment.
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" United States Tire Market”
The United States Tire market is segmented into vehicle type,
tire type, demand category, and company.
Based on the demand category, the aftermarket
segment is the fastest-growing segment in the United States tire market, driven
by the aging vehicle fleet, increased vehicle usage, and growing consumer awareness
of tire safety and performance. With the average vehicle age exceeding 13
years, the need for frequent tire replacement is rising steadily. Consumers are
actively seeking high-performance, fuel-efficient, and durable replacement
tires through both traditional dealers and online platforms. The convenience of
e-commerce, combined with expanding product availability and competitive
pricing, is accelerating growth in this segment. Additionally, fleet operators
and commercial users contribute significantly to aftermarket demand due to high
tire wear and rotation needs.
Based on the region,
the West region is the fastest-growing region in the tire market, fueled by
robust urban expansion, infrastructure development, and rising disposable
incomes. Major West Coast urban centers are experiencing heightened vehicle
usage, driving demand for all-season, performance, and eco-friendly tires. The
region benefits from a tech-savvy consumer base that prefers smart, connected
tire solutions and online purchasing channels. Additionally, increasing
popularity of electric and hybrid vehicles in the West encourages demand for
specialized low rolling resistance and noise-reducing tire options. With strong
economic growth, expanding fleets, and sustainability-focused policies, the
West is emerging as a leading force in shaping U.S. tire industry trends.
Major companies
operating in United States Tire market are:
- Michelin North
America Inc.
- The Goodyear
Tire & Rubber Company
- Bridgestone
Americas Inc.
- Cooper Tire
& Rubber Company
- Continental
Tire The Americas LLC
- Pirelli Tire
North America LLC
- Kumho Tire
United States Inc.
- Yokohama Tire
Corporation
- Toyo Tire
United States Corp.
- Hankook
Tire America Corp.
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“Technological
advancements are playing a pivotal role in transforming the U.S. tire market.
Manufacturers are heavily investing in research and development to enhance tire
performance, safety, and durability. One of the most prominent innovations is
the rise of smart and connected tires, which use embedded sensors to monitor
pressure, temperature, tread wear, and driving conditions. These tires
contribute to preventive maintenance, optimize fuel efficiency, and enhance
road safety. They are particularly valuable in fleet management, where
real-time data and predictive analytics help minimize downtime and extend tire
life. This trend aligns with broader digital transformation efforts in the
automotive and logistics sectors. Sustainability has emerged as a central theme
in the U.S. tire industry. With mounting regulatory pressure from agencies like
the Environmental Protection Agency (EPA) and growing public awareness about
environmental impact, manufacturers are prioritizing eco-friendly production
methods and sustainable product design. Low rolling resistance tires, which
improve fuel efficiency and reduce carbon emissions, are gaining popularity,”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
"United States Tire
Market, By Vehicle Type (Passenger Car Light Commercial Vehicle, Medium &
Heavy Commercial Vehicle, Two Wheelers, Others), By Tire Type (Radial, Bias),
By Demand Category (OEM, Aftermarket), By Region, Competition, Forecast &
Opportunities, 2020-2030F”, has evaluated the future growth potential of United
States Tire market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the United States Tire market.
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