North America Tire Aftermarket, Tire Replacement Market 2022-2028
MARKET OUTLOOK
According to Triton Market Research, the tire aftermarket, tire replacement market in North America is anticipated to advance with a compound annual growth rate of 3.49% over the forecast years 2022 to 2028. The United States and Canada are examined in the region.
In Canada, automotive manufacturing is one of the vital industries contributing heavily to the economy. In recent years, the expansion of the automotive aftermarket has increased the demand for light vehicle sales. The rise in automotive ownership is anticipated to soar the demand for tire replacement. Other than this, the presence of prominent automotive tire companies such as Goodyear is likely to widen the scope and growth of the tire aftermarket, tire replacement market.
Furthermore, in the US, several companies are collaborating, which is expected to increase the need for tire replacement. For instance, Goodyear and TNO, a Dutch research group, collaborated to develop a smart braking system. Besides, the US has various auto repair and maintenance centers with after sales mechanisms offering tire replacement services. Hence, the extensive development of the automotive sector and presence of tire manufacturing companies fuel the market expansion.
COMPETITIVE OUTLOOK
The popular companies in the tire aftermarket, tire replacement market consist of Michelin, Continental AG, Toyo Tires, Apollo Tyres, and MRF.
- 1. North America Tire Aftermarket, Tire Replacement Market - Summary
- 2. Industry Outlook
- 2.1. Key Insights
- 2.1.1. Growing Inclination Toward The Development Of Airless Tires
- 2.1.2. Tire Customization And Personalization Accelerate Market Expansion
- 2.2. Impact Of Covid-19 On The Tire Aftermarket, Tire Replacement Market
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Market Attractiveness Index
- 2.5. Vendor Scorecard
- 2.6. Key Market Strategies
- 2.6.1. Mergers & Acquisitions
- 2.6.2. Product Launches & Developments
- 2.6.3. Partnerships
- 2.6.4. Business Expansions & Divestitures
- 2.7. Market Drivers
- 2.7.1. Spike In Demand For Fuel-efficient Tires
- 2.7.2. Mandatory Tire Labeling Norms
- 2.8. Market Challenge
- 2.8.1. Uncertainty In The Pricing Of Automotive Raw Materials
- 2.9. Market Opportunity
- 2.9.1. Electric Vehicle Tire Replacement Is A Lucrative Segment
- 3. North America Tire Aftermarket, Tire Replacement Market - By Tire Type
- 3.1. Radial Tire
- 3.2. Bias Tire
- 4. North America Tire Aftermarket, Tire Replacement Market - By Rim Size
- 4.1. 13- 15 Inches
- 4.2. 16 -18 Inches
- 4.3. 19-21 Inches
- 4.4. More Than 21 Inches
- 5. North America Tire Aftermarket, Tire Replacement Market - By Distribution Channel
- 5.1. Original Equipment Supplier (Oes)
- 5.2. Independent Aftermarket (Iam)
- 6. North America Tire Aftermarket, Tire Replacement Market – Country Outlook
- 6.1. United States
- 6.2. Canada
- 7. Competitive Landscape
- 7.1. Michelin
- 7.2. Bridgestone Corporation
- 7.3. Continental Ag
- 7.4. Goodyear Tires
- 7.5. Pirelli & C Spa
- 7.6. Sumitomo Rubber Industries Ltd
- 7.7. Toyo Tires
- 7.8. The Yokohama Rubber Co Ltd
- 7.9. Apollo Tyres
- 7.10. Mrf
- 7.11. Ceat Limited
- 7.12. Nexen Tire Corporation
- 7.13. Hankook Tire & Technology Co Ltd
- 7.14. Jk Tyre
- 7.15. Maxxis
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- List Of Tables
- Table 1: North America Tire Aftermarket, Tire Replacement Market, By Country Outlook, 2022-2028 (In $ Billion)
- Table 2: Vendor Scorecard
- Table 3: Lists Of Mergers & Acquisitions
- Table 4: List Of Product Launches & Developments
- Table 5: List Of Partnerships
- Table 6: List Of Business Expansions & Divestitures
- Table 7: North America Tire Aftermarket, Tire Replacement Market, By Country Outlook, 2022-2028 (In $ Billion)
- Table 8: North America Tire Aftermarket, Tire Replacement Market, By Tire Type, 2022-2028 (In $ Billion)
- Table 9: North America Tire Aftermarket, Tire Replacement Market, By Rim Size, 2022-2028 (In $ Billion)
- Table 10: North America Tire Aftermarket, Tire Replacement Market, By Distribution Channel, 2022-2028 (In $ Billion)
- List Of Figures
- Figure 1: Market Attractiveness Index
- Figure 2: North America Tire Aftermarket, Tire Replacement Market, By Tire Type, 2021 & 2028 (In %)
- Figure 3: North America Tire Aftermarket, Tire Replacement Market, By Radial Tire, 2022-2028 (In $ Billion)
- Figure 4: North America Tire Aftermarket, Tire Replacement Market, By Bias Tire, 2022-2028 (In $ Billion)
- Figure 5: North America Tire Aftermarket, Tire Replacement Market, By Rim Size, 2021 & 2028 (In %)
- Figure 6: North America Tire Aftermarket, Tire Replacement Market, By 13- 15 Inches, 2022-2028 (In $ Billion)
- Figure 7: North America Tire Aftermarket, Tire Replacement Market, By 16 -18 Inches, 2022-2028 (In $ Billion)
- Figure 8: North America Tire Aftermarket, Tire Replacement Market, By 19 -21 Inches, 2022-2028 (In $ Billion)
- Figure 9: North America Tire Aftermarket, Tire Replacement Market, More Than 21 Inches, 2022-2028 (In $ Billion)
- Figure 10: North America Tire Aftermarket, Tire Replacement Market, By Distribution Channel, 2021 & 2028 (In %)
- Figure 11: North America Tire Aftermarket, Tire Replacement Market, By Original Equipment Supplier (Oes), 2022-2028 (In $ Billion)
- Figure 12: North America Tire Aftermarket, Tire Replacement Market, By Independent Aftermarket (Iam), 2022-2028 (In $ Billion)
- Figure 13: North America Tire Aftermarket, Tire Replacement Market, By Country Outlook, 2021 & 2028 (In %)
- Figure 14: United States Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
- Figure 15: Canada Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
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