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Report
United States Ultra High Performance Tires Market, By Demand Category (OEM, Replacement) By Tire Type (Summer, Winter and All Season) By Vehicle Type (Passenger car, Two-Wheeler) By Company, By Region, Forecast & Opportunities, 2027
Market Report I 2022-08-01 I 72 Pages I TechSci Research
United States ultra-high performance tires market is expected to witness significant growth during the forecast period, 2023-2027. Extreme performance tires or max performance tires are alternate names for high performance tires, which primarily focus on the vehicle's grip.
The maximum speed rating of these tires is 149 mph or above. Although they may be driven on wet roads as well, the tires work best on dry surfaces. Ultra high performance tires improve traction, handle more horsepower, and improve driving performance. Factors such as growing use of high performance vehicles in sports and introduction of new technologies to improve the tire performance are driving the growth of the United States ultra high performance tires market.
United States ultra-high performance tires market is segmented on the basis of demand category, tire type, vehicle type, regional distribution, and company. Based on vehicle type, the market is divided into passenger car and two-wheeler. The passenger car segment is expected to account for a major market share in the next five years, 2023-2027. Increasing preference for vehicle ownership and high disposable income of consumers are driving the market growth. The presence of leading market players of ultra-high performance tires in the region and the use of novel technologies in the automotive manufacturing process is further expected to influence the market demand positively.
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.
Objective of the Study:
- To analyze the historical growth of the market size of United States ultra-high performance tires market from 2017 to 2021.
- To estimate and forecast the market size of United States ultra-high performance tires market from 2023 to 2027 and growth rate until 2027.
- 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.
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:
o OEM
o Replacement
- United States Ultra High Performance Tires Market, By Tire Type:
o Summer
o Winter
o All Season
- United States Ultra High Performance Tires Market, By Vehicle Type:
o Passenger car
o Two-Wheeler
- United States Ultra High Performance Tires Market, By Region:
o South
o West
o Mid-West
o 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).
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 (2021)
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
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