In 2023, the U.S. market for replacement tires was sized at over ** billion U.S. dollars. At some ** billion U.S. dollars, passenger tires continued to be the largest segment in 2023, followed by light truck tires.

The tire industry has grappled with many challenges like supply chain disruptions, rising imports and trade wars. In 2019, the Department of Commerce (DOC) introduced substantial tariffs on truck, bus and radial (TBR) tires imported from China, ranging from 23.9% to 66.3% for anti-subsidy tariffs and a 22.6% standard tariff. The sector experienced increased support due to these measures, which incentivized domestic manufacturing by making imports more costly. Southeast Asia, the predominant supplier of natural rubber, saw its production affected by weather phenomena like El Nino, which drove up rubber prices because of depressed rubber output. The period also witnessed a shift in consumer behavior towards more affordable tire options due to a cooling labor market and heightened borrowing costs. Revenue is expected to decline at a CAGR of 0.1% to $25.4 billion through the end of 2024, including a contraction of 0.2% in 2024 alone. The ongoing tariffs remain a critical shield for US manufacturers against foreign competition. While these measures continue to aid domestic production, the shift in manufacturing from China to other Asian countries, like Thailand, showcased a workaround for foreign manufacturers. Despite domestic manufacturers' efforts to diversify and develop premium tires, they struggle against volatile rubber costs exacerbated by global trade disruptions such as overcapacity at the Panama Canal and tensions in the Red Sea, which threaten the stability of the supply chain and make input components less accessible, pushing up prices and pressuring profit. Domestic manufacturers will need to navigate price volatility in raw materials like rubber while enhancing production capabilities and efficiency through vertical integration to mitigate risks. The industry will likely see a continuation of competitive pricing pressures as both domestic enterprises and foreign imports vie for market share. Nevertheless, advancements in technology, particularly in precision farming and EV tires, could drive innovation and open new revenue streams. As vehicle sales pick up and labor markets stabilize, premium tire sales are set to recover. Global trade, especially with Canada and Mexico, will remain vital, while continuous research and development could potentially unlock new opportunities in expanding EV markets and improving agricultural yields through smarter tire technology. Industry revenue is set to expand by a CAGR of 0.3% to an estimated $25.8 billion through the end of 2029.

The United States tire market was around 364.63 Million Units in the year 2024. The market is estimated to grow at a CAGR of 2.70% between 2025 and 2034, reaching a volume of nearly 475.95 Million Units by 2034.

Goodyear was the top brand for replacement consumer tires in the United States in 2022. Goodyear held a market share of **** percent in the passenger vehicle segment and **** percent in the light truck segment.

The U.S. tire market size was valued at USD 34.7 billion in 2024 and is projected to reach a valuation of USD 60.7 billion by the end of 2037, rising at a CAGR of 4.2% during the forecast period, i.e., 2025-2037

Number of Businesses statistics on the Tire Manufacturing industry in the US

Global demand for car and light commercial vehicle tires is expected to have surpassed *** billion units by 2018. Market growth peaked in 2013, when global demand for tires for cars and light commercial vehicles rose by *** percent. Tires in the U.S. The total market size for pneumatic tires in the United States was roughly ** billion U.S. dollars in 2015 and is expected to grow to ** billion U.S. dollars by 2022. American-based tire manufacturer, Goodyear, is the third largest in the world, with ** percent of the global market in 2018. Imports and trade Truck freight and passenger transport are necessary for the everyday of the country, making the automotive industry one of the key segments of the U.S. economy. Hence, changes in the automotive market can have noticeable effects on American lives. The implementation of tariffs on a wide array of imported goods has increased prices of motor vehicle tires; however, the volume of new pneumatic tires that are imported into the United States is actually on the rise.

Tire dealerships retail tires and tire tubes for passenger cars, sport utility vehicles and commercial trucks. The industry has encountered mixed conditions through the end of 2025. Rising consumer spending since the pandemic increased vehicle miles as more families favored personal vehicles over public transportation. Sales of tires and maintenance services strengthened, benefiting the industry. Favorable economic conditions also allowed more consumers to purchase premium replacement tires, aiding revenue expansion. However, higher purchasing costs and heightened price competition constrained revenue growth during the current period. In particular, the world price of rubber has climbed at a CAGR of 6.5% through the end of 2025, resulting in higher product prices, which has turned away some customers. Renewed driving activity and a return to normal have boosted wear and tear on tires, fuelling an uptick in sales. Still, revenue for tire dealers is expected to climb at a CAGR of 0.2% to reach $47.5 billion through the end of 2025, including an expected 0.6% boost in 2025 alone. Tire dealers have navigated a dip in profit as the world price of rubber fluctuated substantially. Higher rubber prices directly contribute to higher tire prices, heightening revenue volatility. This growth has placed upward pressure on tire dealers' purchase costs, limiting profitability. Also, dealers have encountered heightened price competition from e-commerce and big-box retailers, while uncertainty regarding future commodity prices has constrained manufacturers' ability to reduce prices. According to 2023 figures from TireReview, 24.0% of polled tire dealers noted much more competition in the current landscape, while 29.0% noted slightly higher competition. Moving forward, the industry will benefit from stronger growth. Boosted tire sales, resulting from rebounding consumer spending and heightened travel, will lift revenue and encourage more dealers to join the industry. At this time, tariffs remain a significant threat and constant rate changes create considerable uncertainty. Federal mandates and consumer preferences favoring fuel efficiency will also boost sales of niche tires that require replacement more often and come with larger price tags. Current expectations include steadier commodity prices, with the cost of rubber expected to contract at a CAGR of 1.2% over the next five years. Altogether, revenue for tire dealers is expected to swell at a CAGR of 1.1% to $50.0 billion through the end of 2030.

The Tire Wholesaling industry faced a series of challenges driven by volatility in commodity prices. Climbing rubber and oil prices have influenced tire production costs, with wholesalers supporting revenue growth by passing costs downstream. Revenue is expected to increase at a CAGR of 3.1% to $81.8 billion through the end of 2024, including growth of 2.3% in 2024 alone. Tire wholesalers continue to adapt to a dynamic market by bolstering their e-commerce presence with automated online ordering systems and enhancing customer value by offering a wider product range. The digital shift altered labor needs, favoring data analytics and e-commerce skills over traditional roles. A rise in motor vehicle registrations and increased vehicle miles is supporting tire replacement rates and revenue growth. The industry also benefits from upstream innovations like reduced tire rolling resistance, supporting vehicles' mileage and aligning wholesalers with emissions regulation standards. Rubber price volatility caused profitability swings, even as moderating oil prices offered some relief on shipping expenses. Easing monetary policy is expected to boost disposable income, driving demand for premium tire products and supporting growth in the sector. The rise in electric vehicle production and the introduction of new vehicle technologies are anticipated to elevate tire demand. Advancements like airless and smart tires are expected to contribute to future expansion. E-commerce will continue driving a shift in the industry and lower barriers to entry, particularly as the Manufacturer-to-Consumer (M2C) business model gains popularity. Lower gas prices combined with greater travel and tire replacement needs are expected to further expand revenue opportunities despite the ongoing challenges that coincide with a highly competitive market. Industry revenue is set to expand by a CAGR of 2.3% to an estimated $91.5 billion through the end of 2029.

United States Ultra High-Performance Tires Market was valued at USD 650.13 million in 2024 and is expected to reach USD 883.25 million by 2030 with a CAGR of 5.24%.

Pages	87
Market Size	2024: USD 650.13 Million
Forecast Market Size	2030: USD 883.25 Million
CAGR	2025-2030: 5.24%
Fastest Growing Segment	Passenger Cars
Largest Market	South
Key Players	1. Bridgestone Corporation 2. Continental AG 3. Cooper Tire & Rubber Company 4. Hankook Tire Co., Ltd. 5. Kumho Tire Co., Inc. 6. Michelin 7. Pirelli & C. S.p.A. 8. The Goodyear Tire & Rubber Company 9. The Yokohama Rubber Co., Ltd 10. Toyo Tire & Rubber Co. Ltd

North America Agricultural Tires Market is segmented by Sales Channel Type (Replacement/Aftermarket and OEM), Application type (Combine Harvesters, Tractors, Trailers, Loaders, Sprayers, and Other Application Types), Tire Type (Radial Tires and Bias Tires), and Country (the United States, Canada and Rest of North America). The report offers the market size and forecast in value (USD Million) for all segments.

The global automotive tire market is projected to increase from a value of US$ 403.53 billion in 2024 to US$ 626.67 billion by the end of 2034. Worldwide sales of automobile tires have been projected to rise at 3.6% CAGR from 2024 to 2034.

Report Attribute	Detail
Automotive Tire Market Size (2024E)	US$ 403.53 Billion
Forecasted Market Value (2034F)	US$ 626.67 Billion
Global Market Growth Rate (2024 to 2034)	3.6% CAGR
North America Market Share (2024E)	35.7%
East Asia Market Value (2024E)	US$ 151.21 Billion
Winter Tires Segment Value (2034F)	US$ 180.48 Billion
Passenger Cars Segment Value (2034F)	US$ 407.96 Billion
Key Companies Profiled	Continental AG; Yokohama Rubber Company Limited; Sumitomo Rubber Industries Ltd.; Madras Rubber Factory Limited; Apollo Tyres Ltd.; Sailun Tires Ltd.; Bridgestone Corp.; Michelin; Goodyear Tire And Rubber Company; Pirelli & C. S.P.A; Shandong Linglong Tyre; Nexen Tire America Inc.; Kumho Tire Co. Inc.; Nokian Renkaat Ojy; Cheng Shin Rubber Industries; Toyo Tire & Rubber Company; Trelleborg AB; Cooper Tire & Rubber Company; Hankook Tire; Titan Tire Corporation.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 109.72 Billion
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 180.88 Billion

Attribute	China
Market Value (2024E)	US$ 66.99 Billion
Growth Rate (2024 to 2034)	4.3% CAGR
Projected Value (2034F)	US$ 101.76 Billion

Category-wise Evaluation

Attribute	All-season Tires
Segment Value (2024E)	US$ 171.5 Billion
Growth Rate (2024 to 2034)	4.2% CAGR
Projected Value (2034F)	US$ 258.81 Billion

Attribute	Passenger Cars
Segment Value (2024E)	US$ 273.19 Billion
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 407.96 Billion

United States Bicycle Tire Replacement Market is projected to reach USD 1,017.6 Mn by 2031, growing at a CAGR of 3.8% from 2023-2031.

According to Cognitive Market Research, The Global TBR Tire market size is USD 16.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.

The demand for TBR Tires is rising due to the increased ride comfort. The preference for radial tires over bias ply tires is growing, further contributing to the market's expansion.
Demand for Truck Radial (TBR) Tire remains higher in the TBR Tire market.
The OEM category held the highest TBR Tire market revenue share in 2023.
Asia Pacific TBR Tire will continue to lead, whereas the North American TBR Tire market will experience the most substantial growth until 2030.

Growing Demand for Commercial Vehicles to Provide Viable Market Output

The TBR tire market is the increasing demand for commercial vehicles worldwide. The expansion of logistics, construction, and public transportation sectors, especially in emerging economies, has led to a surge in the purchase of trucks and buses. These vehicles are essential for transporting goods and passengers, creating a consistent need for high-quality TBR tires. Moreover, the ongoing urbanization, infrastructure developments, and e-commerce boom have escalated the demand for efficient and durable commercial vehicles, driving the sales of TBR tires.

In August 2022, the Bridgestone Americas (Bridgestone) Truck And Bus Radial Tire Plant in Morrison, Tennessee's Warren County experienced significant growth and improvement. With an investment of USD 550 million, the expansion project aimed to create 380 new employment opportunities and expand the plant's current size by 850,000 square feet.

Technological Advancements in Tire Manufacturing to Propel Market Growth

The continuous technological advancements in tire manufacturing processes will boost market growth. Innovations in materials, tire designs, and production techniques have resulted in the development of high-performance TBR tires. Advanced manufacturing technologies enhance the durability, fuel efficiency, and overall performance of these tires, making them more appealing to commercial vehicle operators. Additionally, the integration of smart technologies, such as IoT sensors and tire monitoring systems, allows real-time tracking of tire conditions, contributing to enhanced safety and reduced maintenance costs.

Goodyear purchased Cooper Tire & Rubber Company in March 2021 for $2.8 billion. This acquisition aims to enhance Goodyear's presence in the United States by strengthening its supply chain management and expanding its market-leading retail channels.

Global Trade and Supply Chains

Market Dynamics of the TBR Tire

Regulatory Compliance and Environmental Concerns to Restrict Market Growth

Compliance with stringent regulations and increasing environmental concerns pose significant challenges for the TBR tire market. Governments worldwide are imposing strict regulations related to tire labeling, performance standards, and emissions. Meeting these regulatory requirements necessitates tire manufacturers to invest in research and development to develop eco-friendly and energy-efficient tire models. Additionally, environmental concerns are driving the demand for sustainable practices, encouraging the tire industry to explore alternatives to traditional materials and adopt greener manufacturing processes.

Impact of COVID–19 on the TBR Tire Market

The COVID-19 pandemic significantly impacted the TBR (Truck and Bus Radial) tire market. Due to lockdowns, travel restrictions, and reduced economic activities, there was a sharp decline in demand for commercial vehicles, which, in turn, affected the TBR tire market adversely. Manufacturing plants faced closures or reduced capacities, disrupting the supply chain and leading to delays in production and distribution. Additionally, the decrease in consumer spending and economic uncertainty led to a postponement of fleet expansion plans by businesses, impacting the replacement and purchase of new TBR tires. As a result, the TBR tire industry experienced a decline in sales and revenue. Introduction of The TBR Tire Market

TBR tires, also known as truck and bus radial tires, are a specialized type of tire made specifically for trucks and buses. Unlike bias ply tires, TBR tires have ply cords that run perpendicular to the tire's centerline, which enhances stability and tread wea...

The global light truck tire market is experiencing robust growth, driven by the expanding light truck segment, increasing vehicle production, and a rising demand for better fuel efficiency and durability. The market, estimated at $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $75 billion by 2033. This growth is fueled by several key factors, including the increasing popularity of SUVs and pickup trucks globally, particularly in developing economies with expanding middle classes. Furthermore, advancements in tire technology, such as the development of radial tires offering improved handling, longevity, and fuel economy, are stimulating market expansion. The OEM segment currently holds a larger market share compared to the aftermarket segment, but the aftermarket is expected to witness faster growth due to increasing vehicle age and replacement demand. Geographically, North America and Asia Pacific are major market players, with China and the United States driving significant demand. However, emerging markets in South America and Africa present considerable growth opportunities as their economies and infrastructure develop. Challenges remain, such as fluctuating raw material prices and the impact of global economic conditions on vehicle sales. Nevertheless, the overall market outlook remains positive, driven by sustained growth in light truck sales and technological advancements. The competitive landscape is characterized by the presence of major global players such as Michelin, Bridgestone, Goodyear, and Continental, along with several significant regional players like Shanghai Huayi and Hankook. These companies are engaging in strategic initiatives including mergers, acquisitions, and technological innovations to maintain market share and expand their reach. The focus is increasingly on developing sustainable and environmentally friendly tire materials and manufacturing processes to address growing environmental concerns. Furthermore, the adoption of digital technologies and data analytics is improving supply chain efficiency and enhancing product development. The segmentation by tire type (radial and bias) further highlights market dynamics; radial tires, offering superior performance, are dominating the market and are expected to maintain their lead throughout the forecast period. The ongoing development of specialized light truck tires designed to meet specific performance requirements further contributes to market expansion.

The North American 2-wheeler replacement tire market, encompassing motorcycles, scooters/mopeds, and e-bikes, is poised for steady growth throughout the forecast period (2025-2033). Driven by factors such as increasing 2-wheeler ownership, particularly in urban areas, rising disposable incomes, and a growing preference for convenient and cost-effective replacement options compared to purchasing new vehicles, the market exhibits a healthy Compound Annual Growth Rate (CAGR) of 4.40%. The aftermarket sales channel is expected to dominate, fueled by the increasing number of older vehicles requiring tire replacements. While the e-bike segment is experiencing faster growth compared to traditional motorcycles and scooters, the latter segments continue to constitute a significant share of the overall market due to higher unit sales and replacement cycles. Geographical variations exist within North America, with the United States likely holding the largest market share owing to higher vehicle ownership and a well-established aftermarket network. Canada represents a notable segment, though smaller than the US, reflecting its comparatively smaller 2-wheeler population. The "Rest of North America" region presents opportunities, with growth driven by factors such as increasing tourism and rising adoption of 2-wheelers in specific niches. Competitive pressures are evident with key players like Apollo Tires, Michelin, and Dunlop competing on price, product quality, and brand recognition. The market's growth trajectory may face some constraints, such as economic downturns impacting consumer spending on discretionary items like replacement tires and the potential impact of technological advancements in tire materials and manufacturing impacting the overall replacement cycle. Nevertheless, the long-term prospects for the North American 2-wheeler replacement tire market remain positive. Strategies focusing on innovative tire designs, enhanced durability, and sustainable manufacturing processes are likely to gain traction among both consumers and manufacturers. The growing adoption of electric two-wheelers further presents a niche market segment ripe for expansion, with specialized tires catering to this segment's unique demands representing a potential avenue for growth. The continued investment in aftermarket infrastructure and the increasing availability of online tire retailers further contribute to the market's positive outlook. Notable trends are: Retreading Tire will Push the 2-Wheeler Market for Replacement.

The size of the global automotive tire market is forecast to grow between 2022 and 2027. While the market was valued at some *** billion U.S. dollars in 2022, it is expected to reach the value of over *** billion U.S. dollars in 2027.

Market Size statistics on the Tire Dealers industry in the US

Revenue for the Tire Manufacturing industry in China is expected to rise at an annualized 4.9% over the five years through 2025, to $128.2 billion. This includes anticipated growth of 5.0% in the current year. The industry profitability is expected to be 5.5% in 2025. The Automobile Manufacturing in China (IBISWorld industry report 3721) has been a major driver of demand for tires over the past five years. With increased automobile ownership in China, demand for tires for new cars and replacement tires for existing vehicles has continued to increase over the period. Especially in 2021, industry revenue growth rate reached 8.3%, mainly due to rise in product price. However, travel restrictions imposed by the COVID-19 pandemic have contributed to weaker demand for tires in 2020 and 2022.Export revenue declined by 10.7% in 2020 to $14.3 billion, due to weaker demand for tires as a result of the pandemic. In 2021, exports growth rebounded to 20.0% due to increased tire demand from the overseas market upon easing of the COVID-19 pandemic. Industry exports increased by 11.1% and 16.3% in 2022 and 2023, respectively. In 2024, mainly due to decrease of China’s tire export to the United States, the industry export growth declined to 4.6%. However, improvement of domestic tire manufacturers' technology level and increasing international market demand contributed to the whole industry export growth. In 2025, industry exports are expected to continue growing by 6.2% to $24.7 billion. In 2025, import value are anticipated to total $877.8 million, rising by 0.3% from 2024, to account for 0.8% of domestic demand.Industry revenue is forecast to increase at an annualized 2.4% over the five years through 2030, to $144.6 billion. In the original equipment market, industry enterprises are anticipated to continue expanding their product ranges to meet demand from automobile manufacturers over the next five years. In the replacement tire market, investments in advertising and terminal sales channels are projected to increase steadily over the period due to the increasing number of brands, products and specialty stores.

The global market size of Truck and BRadial (TBR) Tire is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Truck and BRadial (TBR) Tire Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Truck and BRadial (TBR) Tire industry. The key insights of the report:
1.The report provides key statistics on the market status of the Truck and BRadial (TBR) Tire manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Truck and BRadial (TBR) Tire industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Truck and BRadial (TBR) Tire Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Truck and BRadial (TBR) Tire as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Truck and BRadial (TBR) Tire market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.