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Tire Market in US 2023


united states tire market repor

United States tire market Research and Forecast Report 2023-2028

The United States tire market size reach 402.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.

NY 11249, BROOKLYN, UNITED STATES, July 12, 2023/EINPresswire.com/ — IMARC Group, a leading market research company, has recently releases report titled, “United States Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“ The study provides a detailed analysis of the industry, including the US tire market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the United States tire market?

The United States tire market size reached 344.7 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 402.1 Million Units by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.

What is tire?

A tire represents a ring-shaped component that usually encircles a wheel rim. It is manufactured by using synthetic or natural rubber, silica, steel, carbon black, wire, and vulcanization accelerator. Tire transfers automobile load from the wheel axle to the ground. It offers smooth traction between the surface and the wheel, thereby enabling effective shock absorption and minimized vibrations. In line with this, the tire provides additional benefits, such as braking forces to the surface, maintaining the direction of travel, even distribution of vehicular weight on the road, enhanced vehicle handling, etc.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/united-states-tire-market/requestsample

What are the growth prospects and trends in the United States tire industry?

The expanding automotive industry and the escalating demand for electric vehicles (EVs) are primarily driving the United States tire market. Additionally, the launch of favorable policies by government bodies to promote sustainable and eco-friendly manufacturing techniques in the production processes is further catalyzing the market growth. Besides this, the growing number of transportation and logistics activities to deliver packages and the inflating disposable income levels of individuals are acting as significant growth-inducing factors. Moreover, the rising consumer inclination towards vehicles with enhanced performances has led leading manufacturers to adopt innovative designs and technology to bolster the durability, efficiency, and affordability of the tire, which is propelling the market growth across the country. Apart from this, the increasing utilization of passenger, luxury, and electric vehicles is also stimulating the market growth. Furthermore, the development of biodegradable and 3D printed smart product variants and extensive investments in R&D activities are anticipated to fuel the United States tire market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Design:
Radial
Bias

Breakup by End-Use:
OEM
Replacement

Breakup by Vehicle Type:
Passenger Cars
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Light Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Medium and Heavy Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Two Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Three Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Off-The-Road (OTR)
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size

Breakup by Distribution Channel:
Offline
Online

Breakup by Season:
All Season Tires
Winter Tires
Summer Tires

Breakup by Region:
Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4059&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
Sales@imarcgroup.com

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