About Passenger Car Tire
The tire market in the US is one of the largest markets in the world. The US is one of the leading importers of tires and a hub for a large number of vehicle manufacturers.
According to the UNECE, in 2011, the US had 403 passenger cars per 1,000 people and 6,561,643
km (4,077,216 miles) of total road network. Also, it had about 126 million passenger cars in use in the same year, which indicates the commercial viability of the automotive industry and the associated markets in the country.
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The country has mixed weather, which differs from inland northern areas to the coastal areas. A considerable difference in temperature is observed during winters. For instance, the temperature varies in the range of -10 Fahrenheit in North Dakota/central and northern Minnesota to 70 Fahrenheit in central and southern Florida and far southern Texas. This variation in temperature necessitates the need for different types of tires, including winter tires, which are typically advocated for places with temperatures of less than 45 Fahrenheit. Some of the prominent local and multinational tire brands active in the tire market in the country include Michelin, Firestone, Bridgestone, Toyo Tire, Yokohama, Pirelli, Cooper Tires, Goodyear, and Continental Tires.
Analysts forecast the passenger car tire market in the US to grow at a CAGR of 1.91% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the passenger car tire market in the US for the period 2015-2019. The forecast and analysis of the market have been done in terms of volume. The market includes the following segments:
Replacement segment
OEM segment
Report, Passenger Car Tire Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts....