North America Tire Aftermarket, Tire Replacement Market Forecast 2022-2030
KEY FINDINGS
The North America tire aftermarket, tire replacement market is estimated to accelerate with a 3.60% CAGR during the assessment period, 2022-2030. The presence of major automotive companies and high per-capita income propel market growth in the region.
MARKET INSIGHTS
The North America tire aftermarket, tire replacement market growth evaluation includes an analysis of United States and Canada. Automotive manufacturing is one of Canada’s most important industrial industries. According to the Automotive Industries Association of Canada (AIA), the Canadian aftermarket is poised for tremendous growth. According to Canadian government sources, the country is one of the world’s top 12 producers of light vehicles.
The expansion of the automotive aftermarket has increased demand for light vehicle sales in recent years, and this trend is projected to continue in the future years. This will increase automotive ownership in Canada and fuel future growth in the automotive tire aftermarket. Tire imports from several countries are utilized in the automotive tire aftermarket in Canada. Furthermore, since the country’s automobile fleet has grown in recent years, tire demand in the replacement sector is likely to rise.
COMPETITIVE INSIGHTS
Some of the leading companies operating in the market include the Yokohama Rubber Co Ltd, Cooper Tire & Rubber Company, Goodyear Tires, Maxxis, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Greater Requirement For Energy-efficient Tires
- 3.1.2. Stringent Government Regulations Regarding Tire Labeling
- 3.2. Key Restraints
- 3.2.1. Volatile Prices Of Rubber And Other Automotive Raw Materials
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Tire Aftermarket, Tire Replacement Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Regulatory Framework
- 5. Market By Tire Type
- 5.1. Radial Tire
- 5.2. Bias Tire
- 6. Market By Rim Size
- 6.1. 13-15 Inches
- 6.2. 16-18 Inches
- 6.3. 19-21 Inches
- 6.4. More Than 21 Inches
- 7. Market By Distribution Channel
- 7.1. Original Equipment Supplier
- 7.2. Independent Aftermarket
- 8. Geographical Analysis
- 8.1. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.2. Canada
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Apollo Tyres
- 9.2.2. Bridgestone Corporation
- 9.2.3. Ceat Limited
- 9.2.4. Continental Ag
- 9.2.5. Goodyear Tires
- 9.2.6. Hankook Tire & Technology Co Ltd
- 9.2.7. Jk Tyre
- 9.2.8. Maxxis
- 9.2.9. Michelin
- 9.2.10. Mrf
- 9.2.11. Nexen Tire Corporation
- 9.2.12. Pirelli & C Spa
- 9.2.13. Sumitomo Rubber Industries Ltd
- 9.2.14. The Yokohama Rubber Company
- 9.2.15. Toyo Tires
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook