North America Tire Market to grow with a a CAGR of 4.8% during the forecast period.
The increasing vehicle parc
across the region, rising awareness of tire safety and maintenance, and
advancements in tire technologies including sustainable and fuel-efficient
products are the factors driving the market in the forecast period 2026–2030.
According to TechSci Research report, “North America Tire Market – Industry Size, Share, Trends, Forecast & Opportunities, 2020-2030F”, The North America
Tire Market was valued at USD 53.2 Billion in 2024 and is projected to reach
approximately USD 70.6 Billion by 2030, expanding at a CAGR of 4.8% during the
forecast period of 2025–2030. Tire demand in North America continues to grow,
propelled by rising vehicle ownership rates and replacement needs. With more
vehicles on the road, consumers are prioritizing tire reliability and fuel
economy, encouraging regular replacements. The expansion of commercial and
delivery fleets due to urban growth and online retail activities also
contributes to increased tire consumption. Innovative trends are redefining the market landscape, where smart
features, durable construction, and green technologies are being embraced.
There is a noticeable shift toward run-flat models, recyclable materials, and
performance tracking capabilities. These developments reflect consumer
preferences for sustainability and enhanced vehicle compatibility, especially
as the automotive sector shifts toward electrification. However, the market
faces challenges involving raw material price instability and strict
environmental regulations. Complying with tire disposal rules and meeting new
sustainability standards raises production complexity. Suppliers must also
ensure top-notch performance for new vehicle categories, which drives up
R&D investment and operational pressure.
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North
America Tire Market Is Segmented by Vehicle Type, Tire Demand Category, Tire
Construction, and By Country.
Tire demand across North
America is divided into two key categories OEM and Aftermarket. Original
Equipment Manufacturers procure tires to be installed on newly manufactured
vehicles, a demand stream influenced by vehicle production volumes and
automaker specifications. Replacement tires, on the other hand, are purchased
by vehicle owners for substitution after tire wear, damage, or seasonal
changes. The replacement segment typically sees consistent demand due to the
large vehicle base already in operation. Consumer preference plays a vital role
in driving this segment. Frequent commuters, fleet operators, and logistics
companies require tires that offer reliability and cost-efficiency, leading to
regular tire rotations and replacements. Tire performance under varying
climatic conditions also influences purchasing behavior, especially in regions
subject to extreme temperatures or snowfall. All-season and winter tires,
therefore, see periodic surges in demand. Technological compatibility
is shaping buying decisions in both segments. With the growing popularity of
electric vehicles and SUVs, tire designs must align with specific load and
speed requirements. This drives innovation in both the OEM supply chain and the
replacement market. Product longevity, ride comfort, and fuel economy remain
leading criteria in the purchasing decision for both categories, reinforcing
demand cycles throughout the year.
Mexico stands out as the
fastest-growing market in the North America tire industry in 2024. The
expansion is fueled by a rising middle class, higher vehicle ownership rates,
and increased focus on automotive exports and manufacturing capacity.
Government support for industrial growth, along with trade agreements, has
encouraged global tire manufacturers to invest in production facilities across
the country. Domestic demand is also witnessing a surge due to improvements in
infrastructure, increased road connectivity, and a growing e-commerce sector
that is boosting commercial vehicle activity. The rising number of personal
vehicles in urban areas has led to greater awareness regarding vehicle
maintenance and tire safety, driving steady replacement cycles. Local production is also
gaining momentum, with firms scaling operations to meet both export and
domestic needs. Tire imports continue to supplement supply, but local capacity
expansion is enabling quicker turnaround times and broader product availability.
As vehicle types diversify and logistics demand accelerates, tire consumption
is expected to maintain an upward trajectory in Mexico through the forecast
period.
Major Market Players
Operating in North America Tire Market Are:
- The Goodyear Tire & Rubber Company
- Michelin North America, Inc.
- Bridgestone Americas, Inc.
- Continental Tire the Americas, LLC
- Pirelli Tire LLC
- Hankook Tire America Corp.
- Yokohama Tire Corporation
- Toyo Tire U.S.A. Corp.
- Kumho Tire U.S.A., Inc.
- Sumitomo Rubber North America, Inc.
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Government
regulations aimed at enhancing road safety and promoting sustainable
transportation are supporting the growth of the North America Tire Market.
Policies that encourage the adoption of fuel-efficient vehicles, enforce
stringent tire performance standards, and mandate periodic vehicle inspections
are driving both consumers and distributors to focus on high-quality,
regulation-compliant tires. Efforts to upgrade transportation infrastructure,
including improved road connectivity and smarter traffic management systems,
are also reshaping tire consumption trends. As North America intensifies its
focus on reducing vehicular emissions and improving road safety, demand for
durable and high-performance tires is gaining momentum. This evolving
regulatory framework, coupled with rising consumer awareness, is expected to
significantly influence the market trajectory over the forecast period,
according to Mr. Karan Chechi, Research Director of TechSci Research, a global
management consulting firm specializing in research-based solutions.
The report
titled “North America Tire Market By Vehicle Type (Passenger Car Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, OTR), By Tire Construction (Radial, Bias), By Demand Category (OEM, Aftermarket), and By Country, Competition, Forecast & Opportunities, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the North America Tire Market.
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