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North America Automotive Tire Aftermarket Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Tire Type (Radial Tire and Bias Tire), Distribution Channel (OES and IAM), and Rim Size (13–15, 16–18, 19–21, and More than 21)       

Report Code :  BMIRE00025058
No. of Pages :  126
Published Month :  Jun 2022
Category :  Automotive and Transportation
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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.  

  1. Apollo Tires Ltd
  2. Bridgestone Corporation
  3. Continental AG
  4. Michelin
  5. NEXEN TIRE AMERICA INC
  6. PIRELLI and C. S.P.A.
  7. Sumitomo Rubber Industries, Ltd.
  8. The Goodyear Tire and Rubber Company
  9. Yokohama Rubber Co., Ltd
  10. ZHONGCE RUBBER GROUP CO. LTD.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automotive tire aftermarket market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America automotive tire aftermarket market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the automotive tire aftermarket market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution


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