Report Description

United States ultra-high performance tires market is expected to grow at a significant rate during the forecast period on account of increasing events of different type of racing competitions. Ultra-high performance tires when are fitted to high performance cars it provides the experience of a sporty ride with enhanced steering precision. Ultra-high performance tires are usually preferred by people who enjoy driving through the track, indulging in auto-cross events or canyon driving. Ultra-high performance tires are durable in nature and provide comfort while driving. These are very well balanced tires and can perform efficiently over wet and dry surfaces. Ultra-high performance tires also offer good road noise and facility for smoother lane changes with cornering stability. Technological advancements in automotive industry to increase the vehicle performance and efficiency of vehicles and enhance the passenger convenience is creating the need to use ultra-high performance tires in automobiles. Ultra-high performance tires can withstand high speed and increased torque, enhanced brakes and sports tuned suspension of the vehicle. Rising disposable income among the millennials is aiding in increasing the expenditure capacity of consumers. Increase in sales of luxury and premium vehicles is fueling the demand for ultra-high performance tires.

United States ultra-high performance tires market is segmented into demand category, tire type, vehicle type, regional distribution, and company. Based on vehicle type, market is further bifurcated into passenger car and two-wheeler. Passenger car segment is expected to account for major market share during the forecast period. Increasing preference for vehicle ownership and high disposable income is fueling the passenger car segment demand. Presence of leading market players of ultra-high performance tire in the region is fostering the growth of the market.

The major players operating in the United States ultra-high performance tires market are Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire Co., Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd, Kumho Tire Co., Inc., Toyo Tire & Rubber Co. Ltd, Cooper Tire & Rubber Company, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.



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Objective of the Study:

  • To analyze the historical growth of the market size of United States ultra-high performance tires market from 2018 to 2021.
  • To estimate and forecast the market size of United States ultra-high performance tires market from 2022 to 2028 and growth rate until 2028.
  • To classify and forecast United States ultra-high performance tires market based on demand category, tire type, vehicle type, regional distribution, and company.
  • To identify dominant region or segment in the United States ultra-high performance tires.
  • To identify drivers and challenges for United States ultra-high performance tires market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States ultra-high performance tires market.
  • To identify and analyze the profile of leading players operating in United States ultra-high performance tires market.
  • To identify key sustainable strategies adopted by market players in United States ultra-high performance tires market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of United States ultra-high performance tires market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Ultra-high performance tires manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to ultra-high performance tires market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023E

Forecast Period

2024F – 2028F

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Demand Category

·         Tire Type

·         Vehicle Type

Region Scope

South-Region, West-Region, Mid-West Region & Northeast-Region

Key Companies Profiled

Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire Co., Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd, Kumho Tire Co., Inc., Toyo Tire & Rubber Co. Ltd, Cooper Tire & Rubber Company.

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, United States ultra-high performance tires market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         United States Ultra High Performance Tires Market, By Demand Category:

    • OEM
    • Replacement
  • United States Ultra High Performance Tires Market, By Tire Type:
    • Summer
    • Winter
    • All Season
  • United States Ultra High Performance Tires Market, By Vehicle Type:
    • Passenger car
    • Two-Wheeler
  • United States Ultra High Performance Tires Market, By Region:
    • South
    • West
    • Mid-West
    • Northeast

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States ultra-high performance tires market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

United States Ultra-High Performance Tires market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on United States Ultra High-Performance Tire Market

5.    Voice of Customer

6.    United States Ultra High Performance (UHP) Tire Market

7.    United States Ultra High Performance (UHP) Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Demand Category (OEM, Replacement)

7.2.2.     By Tire Type (Summer, Winter and All Season)

7.2.3.     By Vehicle Type (Passenger car, Two-Wheeler)

7.2.4.     By Region

7.2.5.     By Company (2022)

7.3.  Product Market Map (By Region, By Tire Type, By Vehicle Type)

8.    United States Passenger Car Ultra High Performance (UHP) Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Demand Category

8.2.2.     By Tire Type

9.    United States Two-Wheeler Ultra High Performance (UHP) Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value and Volume

9.2.  Market Share & Forecast

9.2.1.     By Demand Category

9.2.2.     By Tire Type

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy and Regulatory Landscape

13.  United States Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles (Partial List of Leading Companies)

14.2.1.  Michelin

14.2.2.  Bridgestone Corporation

14.2.3.  The Goodyear Tire & Rubber Company

14.2.4.  Continental AG

14.2.5.  Hankook Tire Co., Ltd.

14.2.6.  Pirelli & C. S.p.A.

14.2.7.  The Yokohama Rubber Co., Ltd

14.2.8.  Kumho Tire Co., Inc.

14.2.9.  Toyo Tire & Rubber Co. Ltd

14.2.10.                Cooper Tire & Rubber Company

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Major factors like increasing instances of multi-level racing events and increasing demands for premium sports & racing cars are driving the growth of the United States ultra-high performances tires market in the forecast period, 2024-2028.

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Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire Co., Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd, Kumho Tire Co., Inc., among others are the leading companies dedicated toward providing related products and services and support the future growth of the United States ultra-high performance tires market in the upcoming five years.

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The United States ultra-high performance tires market analysis was analyzed for the five historical years from 2018 to 2021. Keeping the base year 2021 as the margin, the estimation for the year 2023 was made and further market growth is predicted for the forecast years, 2024 to 2028.

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Passenger cars segment by vehicle type analysis is anticipated to dominate the United States ultra-high performance tires market in the upcoming five years on the grounds of increasing preference for vehicle ownership and high disposable income. Moreover, increased penetration in the market by global giants in conjugation with distributors and dealers in the country is further supporting the growth of the United States ultra-high performance tires market in the next five years.

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Srishti Verma

Business Consultant
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