Summary
Tires & Rubber in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Tires & rubber market is segmented into car OEM, truck OEM, motorcycle OEM, car aftermarket, truck aftermarket, and motorcycle aftermarket. Market volume represents units of tires sold in a given year. Market value is calculated by multiplying the average tire price with the volume of tires.
- The US tires & rubber market recorded revenues of $85.8 billion in 2024, representing a compound annual growth rate (CAGR) of 9% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 0.5% between 2019 and 2024, to reach a total of 341.2 million units in 2024.
- The tires & rubber market in the US is growing rapidly, owing to several major factors such as rising demand from the automotive sector, particularly with the rise of electric vehicles (EVs), advancements in manufacturing technology, and a focus on sustainability.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the tires & rubber market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the tires & rubber market in the United States
- Leading company profiles reveal details of key tires & rubber market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States tires & rubber market with five year forecasts
Reasons to Buy
- What was the size of the United States tires & rubber market by value in 2024?
- What will be the size of the United States tires & rubber market in 2029?
- What factors are affecting the strength of competition in the United States tires & rubber market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's tires & rubber market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading player?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. The Goodyear Tire & Rubber Co
8.2. Bridgestone Corp
8.3. Compagnie Generale des Etablissements Michelin
8.4. Continental AG
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United States tires & rubber market value: $ million, 2019-24
Table 2: United States tires & rubber market volume: million Units, 2019-24
Table 3: United States tires & rubber market category segmentation: % share, by value, 2019-24
Table 4: United States tires & rubber market category segmentation: $ million, 2019-24
Table 5: United States tires & rubber market geography segmentation: $ million, 2024
Table 6: United States tires & rubber market value forecast: $ million, 2024-29
Table 7: United States tires & rubber market volume forecast: million Units, 2024-29
Table 8: The Goodyear Tire & Rubber Co: Key Facts
Table 9: The Goodyear Tire & Rubber Co: Annual Financial Ratios
Table 10: The Goodyear Tire & Rubber Co: Key Employees
Table 11: Bridgestone Corp: Key Facts
Table 12: Bridgestone Corp: Annual Financial Ratios
Table 13: Bridgestone Corp: Key Employees
Table 14: Bridgestone Corp: Key Employees Continued
Table 15: Compagnie Generale des Etablissements Michelin: Key Facts
Table 16: Compagnie Generale des Etablissements Michelin: Annual Financial Ratios
Table 17: Compagnie Generale des Etablissements Michelin: Key Employees
Table 18: Continental AG: Key Facts
Table 19: Continental AG: Annual Financial Ratios
Table 20: Continental AG: Key Employees
Table 21: Continental AG: Key Employees Continued
Table 22: United States Size of Population (Million), 2020-24
Table 23: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 24: United States GDP (Current Prices, $ Billion), 2020-24
Table 25: United States Inflation, 2020-24
Table 26: United States Consumer Price Index (Absolute), 2020-24
Table 27: United States Exchange Rate, 2019-24
List of Figures
Figure 1: United States tires & rubber market value: $ million, 2019-24
Figure 2: United States tires & rubber market volume: million Units, 2019-24
Figure 3: United States tires & rubber market category segmentation: $ million, 2019-24
Figure 4: United States tires & rubber market geography segmentation: % share, by value, 2024
Figure 5: United States tires & rubber market value forecast: $ million, 2024-29
Figure 6: United States tires & rubber market volume forecast: million Units, 2024-29
Figure 7: Forces driving competition in the tires & rubber market in the United States, 2024
Figure 8: Drivers of buyer power in the tires & rubber market in the United States, 2024
Figure 9: Drivers of supplier power in the tires & rubber market in the United States, 2024
Figure 10: Factors influencing the likelihood of new entrants in the tires & rubber market in the United States, 2024
Figure 11: Factors influencing the threat of substitutes in the tires & rubber market in the United States, 2024
Figure 12: Drivers of degree of rivalry in the tires & rubber market in the United States, 2024
