North America Automotive Tire Aftermarket Market
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.
Strategic insights for the North America Automotive Tire Aftermarket provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 23,469.33 Million |
| Market Size by 2028 | US$ 34,850.17 Million |
| Global CAGR (2021 - 2028) | 5.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Tire Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Automotive Tire Aftermarket refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
The North America Automotive Tire Aftermarket Market is valued at US$ 23,469.33 Million in 2021, it is projected to reach US$ 34,850.17 Million by 2028.
As per our report North America Automotive Tire Aftermarket Market, the market size is valued at US$ 23,469.33 Million in 2021, projecting it to reach US$ 34,850.17 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The North America Automotive Tire Aftermarket Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automotive Tire Aftermarket Market report:
The North America Automotive Tire Aftermarket Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automotive Tire Aftermarket Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automotive Tire Aftermarket Market value chain can benefit from the information contained in a comprehensive market report.
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