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:
- United States Ultra High Performance Tires Market, By Tire
Type:
- 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]