Market by Tire Type, Rim Size, Distribution Channel, and Country Outlook | Forecast 2022-2028
According to Triton’s report, the tire aftermarket, tire replacement market in North America is anticipated to register a CAGR of 3.49% during the forecast years from 2022 to 2028.
The
countries examined in the region include:
•
The United States
•
Canada
In
the region, the United States gains the highest share in the tire aftermarket,
tire replacement market.
The region hosts several major automotive companies such as General Motors,
Ford, Tesla, FCA, etc. This has elevated the need for automotive components
like Tirex. Moreover, the high per capita income has increased investments in
recreational racing across the region. Therefore, such developments are driving
the studied market.
Most aftermarket categories in the US are
witnessing record or near-record sales. In this regard, the automobile
industry’s aftermarket is mainly thriving because of growing sales. This rise
has increased the need for tire aftermarket and replacement. Several companies
are expanding operations, which is another factor fueling the demand for
energy-efficient tires. For instance, Goodyear and TNA collaborated to develop
an intelligent braking system. Therefore, as stated above, all these factors
are accelerating the tire aftermarket, tire replacement market.
Automotive manufacturing is among the most vital
sectors in Canada. Estimates indicate that the country is among the top 12
producers of light vehicles globally. Moreover, several OEMs have established
automotive plants owing to the rise in automotive sales. This rise in vehicle
sales opens various avenues for the tire aftermarket, tire replacement market.
Further, the rim size is an essential element
that significantly affects the car’s performance, noise levels, comfort, and
fuel efficiency. A reduction in tire sidewall height results in quick personal
and improved handling. The 13-15 rim size is primarily used in passenger cars. The market’s progress is determined based on
rim size, tire type, and distribution channel. The rim size segment is
divided into 13-15 inches, 16-18 inches, 19-21 inches, and more than 21 inches.
The
well-known enterprises in the market include MRF, CEAT Limited, Apollo Tyres,
Maxxis, Goodyear Tires, and Nexen Tire Corporation.
Goodyear Tires develops, manufactures, and
distributes a wide range of rubber tires and related products globally. The
company also offers rubber-related chemicals. It also operates a commercial
truck business and is leading in retreading tires for automobiles, tread
rubber, and other materials. Goodyear serves clients across multiple industries
that rely on vehicles for logistics. It is headquartered in Ohio, the United
States.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the tire aftermarket, tire replacement market revenue growth in North America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the NA tire
aftermarket, tire replacement market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
7.2. 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
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)
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)