North America Automotive Tire AfterMarket Share by Size and Growth 2028

The automotive tire aftermarket market in North America is expected to grow from US$ 23,469.33 million in 2021 to US$ 34,850.17 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Fuel is one of those commodities whose prices are constantly changing. In recent years, the price has continued to rise rather than fall. Consumers might save money by installing fuel-efficient tires on their vehicles. Fuel-efficient tires are also known as low rolling resistance tires. Rolling resistance is the force necessary to keep the automobile moving at any given speed. The degree of friction exerted on the tires determines the quantity of fuel and energy to be used. Low rolling resistance tires require less power to maintain rolling, thereby reducing total fuel usage. Low rolling resistance tires are in high demand due to growing consumer demand, climate change, and a lower overall carbon footprint of fuel-efficient tires than standard tires. For instance, Michelin Energy Saver A/S All-Season is widely regarded as one of the best fuel-efficient tires and is a popular choice among most drivers. These factors lead to the growth of the automotive tire aftermarket.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America automotive tire aftermarket market, which is expected to grow at a decent CAGR during the forecast period.

North America Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)

North America Automotive Tire Aftermarket Market Segmentation

The North America automotive tire aftermarket market is segmented into tire type, distribution channel, rim size, and country. The North America automotive tire aftermarket market, based on tire type, is bifurcated into radial and bias. The radial segment held a larger market share in 2020. By distribution channel, the North America automotive tire aftermarket market is bifurcated into OES and IAM. The IAM segment held the larger market share in 2020. Based on rim size, the North America automotive tire aftermarket market is segmented into 13–15, 16–18, 19–21, and more than 21. The 13–15 segment held the largest market share in 2020. Based on country, the North America automotive tire aftermarket market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.

Apollo Tires Ltd; Bridgestone Corporation; Continental AG; Michelin; NEXEN TIRE AMERICA INC; PIRELLI and C. S.P.A.; Sumitomo Rubber Industries, Ltd.; The Goodyear Tire and Rubber Company; Yokohama Rubber Co., Ltd; and ZHONGCE RUBBER GROUP CO. LTD. are among the leading companies in the North America automotive tire aftermarket market.

North America Automotive Tire Aftermarket Market Strategic Insights

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North America Automotive Tire Aftermarket Market Segmentation Analysis

North America Automotive Tire Aftermarket Market Report Highlights

North America Automotive Tire Aftermarket Report Scope

Report Attribute	Details
Market size in 2021	US$ 23,469.33 Million
Market Size by 2028	US$ 34,850.17 Million
CAGR (2021 - 2028)	5.8%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Tire Type Radial Tire Bias Tire By Distribution Channel OES IAM By Rim Size 13-15 16-18 19-21 More than 21
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	Apollo Tires Ltd Bridgestone Corporation Continental AG Michelin NEXEN TIRE AMERICA INC PIRELLI and C. S.P.A. Sumitomo Rubber Industries, Ltd. The Goodyear Tire and Rubber Company Yokohama Rubber Co., Ltd ZHONGCE RUBBER GROUP CO. LTD.