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Report

North America Tire Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 103 Pages I EMR Inc.

The North America tire marketattained a volume of 399.87 Million Units in 2024. The market is further projected to grow at a CAGR of 2.60% between 2025 and 2034, reaching a volume of 516.88 Million Units by 2034.

The market is expected to grow at a significant CAGR due to the increasing production and sales of luxury,autonomous vehicles, passenger, or commercial vehicles and significant improvements in the automotive industry. The region is one of the major automotive markets with a sale of around 19.5 million vehicles in 2019. As per the US Bureau of Transportation Statistics, 287.3 million vehicles were registered (on-road) in the US in 2020 as compared to 284.5 million in 2019, which bodes well fortire industry.

The growing demand for luxury vehicles in North America is driving the North America tire market growth as these vehicles require high-quality tires that offer enhanced stability, reliability, and puncture resistance. The increasing focus on improving driver and passenger safety due to the rising number of fatal road accidents is also influencing the market positively.

The rising adoption of winter tires during extreme weather conditions, such as snow and ice, is another key trend in the North American tire market. These tires offer better traction, handling, and safety during winter conditions, making them essential for drivers in regions with harsh winters.

Moreover, manufacturers are focusing on reducing their environmental impact by recovering and recycling used tires and launching eco-friendly, lightweight, and airless three-dimensional (3D) printed variants.

As per the North America tire market analysis, the tubeless tire segment is expected to have a major share of the market share due to the advantages of tubeless tires, including better fuel efficiency, longer lifespan, and improved safety. Tubeless tires are less prone to punctures, and even if a puncture occurs, they are less likely to lose air quickly, reducing the risk of accidents. Tubeless tires also offer better heat dissipation, which can help prevent blowouts and improve tire durability.

Market Segmentation

North America Tire Industry Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Design

- Radial
- Bias

Market Breakup by Type

- Tube Tire
- Tubeless Tire

Market Breakup by Season

- Winter Tire
- Summer Tire
- All Season Tire

Market Breakup by Vehicle Type

- Two-Wheeler and Three-Wheeler
- Passenger Vehicle
- Heavy Commercial Vehicle
- Light and Medium Commercial Vehicle

Market Breakup by Sales Channel

- OEM
- Aftermarket

Market Breakup by Country

- United States of America
- Canada

Competitive Landscape

Market players are focused on development of smart tires, eco-friendly tires, and tires with advanced safety features to stay ahead in the competition.

- Bridgestone Corporation

- Michelin Group

- Continental AG

- Pirelli & C. S.p.A

- Goodyear Tire & Rubber Company

- Yokohama Rubber Co., Ltd.

- Hankook Tire & Technology Co., Ltd.

- Sumitomo Rubber Industries, Ltd.

- Giti Tire Pte Ltd.

- Toyo Tire Corp.

- Others

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Tire Market Overview
5.1 Key Industry Highlights
5.2 Global Tire Historical Market (2018-2024)
5.3 Global Tire Market Forecast (2025-2034)
5.4 Global Tire Market Breakup by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 North America Tire Market Overview
6.1 Key Industry Highlights
6.2 North America Tire Historical Market (2018-2024)
6.3 North America Tire Market Forecast (2025-2034)
7 North America Tire Market by Design
7.1 Radial
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Bias
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 North America Tire Market by Type
8.1 Tube Tire
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Tubeless Tire
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 North America Tire Market by Season
9.1 Winter Tire
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Summer Tire
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 All Season Tire
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
10 North America Tire Market by Vehicle Type
10.1 Two-Wheeler and Three-Wheeler
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Passenger Vehicle
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Heavy Commercial Vehicle
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Light and Medium Commercial Vehicle
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
11 North America Tire Market by Sales Channel
11.1 OEM
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Aftermarket
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
12 North America Tire Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2024)
12.1.2 Forecast Trend (2025-2034)
12.2 Canada
12.2.1 Historical Trend (2018-2024)
12.2.2 Forecast Trend (2025-2034)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 411)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Supplier Selection
17.2 Key Global Players
17.3 Key Regional Players
17.4 Key Player Strategies
17.5 Company Profiles
17.5.1 Bridgestone Corporation
17.5.1.1 Company Overview
17.5.1.2 Product Portfolio
17.5.1.3 Demographic Reach and Achievements
17.5.1.4 Certifications
17.5.2 Michelin Group
17.5.2.1 Company Overview
17.5.2.2 Product Portfolio
17.5.2.3 Demographic Reach and Achievements
17.5.2.4 Certifications
17.5.3 Continental AG
17.5.3.1 Company Overview
17.5.3.2 Product Portfolio
17.5.3.3 Demographic Reach and Achievements
17.5.3.4 Certifications
17.5.4 Pirelli & C. S.p.A
17.5.4.1 Company Overview
17.5.4.2 Product Portfolio
17.5.4.3 Demographic Reach and Achievements
17.5.4.4 Certifications
17.5.5 Goodyear Tire & Rubber Company
17.5.5.1 Company Overview
17.5.5.2 Product Portfolio
17.5.5.3 Demographic Reach and Achievements
17.5.5.4 Certifications
17.5.6 Yokohama Rubber Co., Ltd.
17.5.6.1 Company Overview
17.5.6.2 Product Portfolio
17.5.6.3 Demographic Reach and Achievements
17.5.6.4 Certifications
17.5.7 Hankook Tire & Technology Co., Ltd.
17.5.7.1 Company Overview
17.5.7.2 Product Portfolio
17.5.7.3 Demographic Reach and Achievements
17.5.7.4 Certifications
17.5.8 Sumitomo Rubber Industries, Ltd.
17.5.8.1 Company Overview
17.5.8.2 Product Portfolio
17.5.8.3 Demographic Reach and Achievements
17.5.8.4 Certifications
17.5.9 Giti Tire Pte Ltd.
17.5.9.1 Company Overview
17.5.9.2 Product Portfolio
17.5.9.3 Demographic Reach and Achievements
17.5.9.4 Certifications
17.5.10 Toyo Tire Corp.
17.5.10.1 Company Overview
17.5.10.2 Product Portfolio
17.5.10.3 Demographic Reach and Achievements
17.5.10.4 Certifications
17.5.11 Others

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