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)
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)
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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. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automotive Tire Aftermarket Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Automotive Tire Aftermarket Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Fuel-Efficient Tires
5.1.2 Strict Government Regulations Regarding Tire Labelling
5.2 Market Restraints
5.2.1 Inconsistent Raw Material Prices
5.3 Market Opportunities
5.3.1 Rise in Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Growing Demand for Green Tires in Fleets
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Tire Aftermarket Market – North America Analysis
6.1 North America Automotive Tire Aftermarket Market Overview
6.2 North America Automotive Tire Aftermarket Market Revenue Forecast and Analysis
7. North America Automotive Tire Aftermarket Market Analysis – By Tire Type
7.1 Overview
7.2 North America Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
7.3 Radial tire
7.3.1 Overview
7.3.2 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
7.4 Bias tire
7.4.1 Overview
7.4.2 Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8. North America Automotive Tire Aftermarket Market Analysis – By Distribution Channel
8.1 Overview
8.2 North America Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
8.3 OES
8.3.1 Overview
8.3.2 OES: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8.4 IAM
8.4.1 Overview
8.4.2 IAM: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9. North America Automotive Tire Aftermarket Market Analysis – By Rim Size
9.1 Overview
9.2 North America Automotive Tire Aftermarket Market, by Rim Size (2020 And 2028)
9.3- 15
9.3.1 Overview
9.3.2- 15: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.4-18
9.4.1 Overview
9.4.2-18: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.5-21
9.5.1 Overview
9.5.2-21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.6 More than 21
9.6.1 Overview
9.6.2 More than 21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
10. North America Automotive Tire Aftermarket Market – Country Analysis
10.1 Overview
10.1.1 North America: Automotive Tire Aftermarket Market, by Key Country
10.1.1.1 US: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Automotive Tire Aftermarket Market, by Tire type
10.1.1.1.2 US: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.1.3 US: Automotive Tire Aftermarket Market, by Rim Size
10.1.1.2 Canada: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Automotive Tire Aftermarket Market, by Tire type
10.1.1.2.2 Canada: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.2.3 Canada: Automotive Tire Aftermarket Market, by Rim Size
10.1.1.3 Mexico: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Automotive Tire Aftermarket Market, by Tire type
10.1.1.3.2 Mexico: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.3.3 Mexico: Automotive Tire Aftermarket Market, by Rim Size
11. Automotive Tire Aftermarket Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Automotive Tire Aftermarket Market-Company Profiles
12.1 APOLLO TIRES LTD
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PIRELLI AND C. S.P.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Rubber Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 THE GOODYEAR TIRE AND RUBBER COMPANY
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 YOKOHAMA RUBBER CO., LTD
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ZHONGCE RUBBER GROUP CO. LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NEXEN TIRE AMERICA INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BRIDGESTONE CORPORATION
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MICHELIN
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Table 3. US: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Automotive Tire Aftermarket Market Segmentation
Figure 2. North America Automotive Tire Aftermarket Market Segmentation – By Country
Figure 3. North America Automotive Tire Aftermarket Market Overview
Figure 4. North America Automotive Tire Aftermarket Market, by Tire type
Figure 5. North America Automotive Tire Aftermarket Market, by Country
Figure 6. North America: PEST Analysis
Figure 7. North America Automotive Tire Aftermarket Market- Ecosystem Analysis
Figure 8. North America Automotive Tire Aftermarket Market Impact Analysis of Drivers and Restraints
Figure 9. North America Automotive Tire Aftermarket Market Revenue Forecast and Analysis (US$ Million)
Figure 10. North America Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
Figure 11. North America Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
Figure 14. North America OES: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America IAM: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Automotive Tire Aftermarket Market, by Rim Size (2020 and 2028)
Figure 17. North America 13- 15 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America 16-18: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America 19-21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America More than 21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Automotive Tire Aftermarket Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. North America: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
- 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
- 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