North America Racing Tires Market Size, Share & Trends Analysis Report By Tire Type, By Application, By Distribution Channel, By Country and Growth Forecast, 2023 - 2030

PUBLISHED: March 14, 2024

PAGES: 107 Pages

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The North America Racing Tires Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).

The US market dominated the North America Racing Tires Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,461.4 Thousands by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2023 - 2030).

As industries emphasize sustainability more, the racing tires market is undergoing a paradigm transition toward environmentally conscious products. Manufacturers are exploring the integration of sustainable materials and manufacturing processes to align with environmental initiatives.

Moreover, the heart of racing tire innovation lies in material science, where advancements drive unprecedented performance and safety levels. From developing novel compounds to integrating advanced nanomaterials, racing tire manufacturers are pushing the boundaries of what is possible, aiming for optimal grip, heat resistance, and durability under extreme racing conditions.

Some notable racing series and events in Canada include the NASCAR Pinty's Series, the Canadian Touring Car Championship (CTCC), and various local and regional racing competitions. As per the Government of Canada, in 2021, the governments of Canada and Quebec finalized an agreement with the Formula One World Championship (FOWC) to ensure the return of the Formula 1 Grand Prix du Canada and its extension into 2031, two years beyond the current agreement.

Based on Tire Type, the market is segmented into Racing Slick Tires, and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires, and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires, and OEMs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Bridgestone Corporation
Continental AG
Michelin
Hankook Tire & Technology
Pirelli & C. S.p.A.
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co., Ltd.
Zhongce Rubber Group Co., Limited
Nexen Tire
Maxxis International USA (Cheng Shin Rubber Industry Co.)

North America Racing Tires Market Report Segmentation

By Tire Type

Racing Slick Tires
Racing Treaded Tires

By Application

Auto Racing Tires
Motorcycle Racing Tires

By Distribution Channel

Replacement Tires
OEMs

By Country

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Racing Tires Market, by Tire Type
- 1.4.2North America Racing Tires Market, by Application
- 1.4.3North America Racing Tires Market, by Distribution Channel
- 1.4.4North America Racing Tires Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter Five Forces Analysis

Chapter 4.Strategies Deployed in Racing Tires Market

Chapter 5.North America Racing Tires Market, By Tire Type

5.1North America Racing Slick Tires Market, By Country
5.2North America Racing Treaded Tires Market, By Country

Chapter 6.North America Racing Tires Market, By Application

6.1North America Auto Racing Tires Market, By Country
6.2North America Motorcycle Racing Tires Market, By Country

Chapter 7.North America Racing Tires Market, By Distribution Channel

7.1North America Replacement Tires Market, By Country
7.2North America OEMs Market, By Country

Chapter 8.North America Racing Tires Market, By Country

8.1US Racing Tires Market
- 8.1.1US Racing Tires Market, By Tire Type
- 8.1.2US Racing Tires Market, By Application
- 8.1.3US Racing Tires Market, By Distribution Channel
8.2Canada Racing Tires Market
- 8.2.1Canada Racing Tires Market, By Tire Type
- 8.2.2Canada Racing Tires Market, By Application
- 8.2.3Canada Racing Tires Market, By Distribution Channel
8.3Mexico Racing Tires Market
- 8.3.1Mexico Racing Tires Market, By Tire Type
- 8.3.2Mexico Racing Tires Market, By Application
- 8.3.3Mexico Racing Tires Market, By Distribution Channel
8.4Rest of North America Racing Tires Market
- 8.4.1Rest of North America Racing Tires Market, By Tire Type
- 8.4.2Rest of North America Racing Tires Market, By Application
- 8.4.3Rest of North America Racing Tires Market, By Distribution Channel

Chapter 9.Company Profiles

9.1Bridgestone Corporation
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental Analysis
- 9.1.4Recent strategies and developments:
  - 9.1.4.1Product Launches and Product Expansions:
- 9.1.5SWOT Analysis
9.2Continental AG
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
  - 9.2.5.1Partnerships, Collaborations, and Agreements:
  - 9.2.5.2Product Launches and Product Expansions:
- 9.2.6SWOT Analysis
9.3Michelin
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4SWOT Analysis
9.4Hankook Tire & Technology
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Regional Analysis
- 9.4.4Recent strategies and developments:
  - 9.4.4.1Partnerships, Collaborations, and Agreements:
  - 9.4.4.2Acquisition and Mergers:
- 9.4.5SWOT Analysis
9.5Pirelli & C. S.p.A.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional Analysis
- 9.5.4Research & Development Expenses
- 9.5.5Recent strategies and developments:
  - 9.5.5.1Partnerships, Collaborations, and Agreements:
  - 9.5.5.2Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
9.6The Goodyear Tire & Rubber Company
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
  - 9.6.5.1Partnerships, Collaborations, and Agreements:
- 9.6.6SWOT Analysis
9.7The Yokohama Rubber Co., Ltd.
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental Analysis
- 9.7.4Recent strategies and developments:
  - 9.7.4.1Partnerships, Collaborations, and Agreements:
- 9.7.5SWOT Analysis
9.8Zhongce Rubber Group Co., Limited
- 9.8.1Company Overview
- 9.8.2SWOT Analysis
9.9Nexen Tire
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3SWOT Analysis
9.10.Maxxis International-USA (Cheng Shin Rubber Industry Co.)
- 9.10.1Company Overview
- 9.10.2SWOT Analysis

LIST OF TABLES

TABLE 1North America Racing Tires Market, 2019 - 2022, USD Million
TABLE 2North America Racing Tires Market, 2023 - 2030, USD Million
TABLE 3North America Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 4North America Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 5North America Racing Slick Tires Market, By Country, 2019 - 2022, USD Million
TABLE 6North America Racing Slick Tires Market, By Country, 2023 - 2030, USD Million
TABLE 7North America Racing Treaded Tires Market, By Country, 2019 - 2022, USD Million
TABLE 8North America Racing Treaded Tires Market, By Country, 2023 - 2030, USD Million
TABLE 9North America Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 10North America Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 11North America Auto Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 12North America Auto Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 13North America Motorcycle Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 14North America Motorcycle Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 15North America Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 16North America Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 17North America Replacement Tires Market, By Country, 2019 - 2022, USD Million
TABLE 18North America Replacement Tires Market, By Country, 2023 - 2030, USD Million
TABLE 19North America OEMs Market, By Country, 2019 - 2022, USD Million
TABLE 20North America OEMs Market, By Country, 2023 - 2030, USD Million
TABLE 21North America Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 22North America Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 23US Racing Tires Market, 2019 - 2022, USD Million
TABLE 24US Racing Tires Market, 2023 - 2030, USD Million
TABLE 25US Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 26US Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 27US Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 28US Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 29US Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 30US Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 31Canada Racing Tires Market, 2019 - 2022, USD Million
TABLE 32Canada Racing Tires Market, 2023 - 2030, USD Million
TABLE 33Canada Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 34Canada Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 35Canada Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 36Canada Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 37Canada Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 38Canada Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 39Mexico Racing Tires Market, 2019 - 2022, USD Million
TABLE 40Mexico Racing Tires Market, 2023 - 2030, USD Million
TABLE 41Mexico Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 42Mexico Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 43Mexico Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 44Mexico Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 45Mexico Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 46Mexico Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 47Rest of North America Racing Tires Market, 2019 - 2022, USD Million
TABLE 48Rest of North America Racing Tires Market, 2023 - 2030, USD Million
TABLE 49Rest of North America Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 50Rest of North America Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 51Rest of North America Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 52Rest of North America Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 53Rest of North America Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 54Rest of North America Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 55Key Information - Bridgestone Corporation
TABLE 56Key Information - Continental AG
TABLE 57Key Information - Michelin
TABLE 58Key Information - Hankook Tire & Technology
TABLE 59Key Information - Pirelli & C. S.p.A.
TABLE 60Key Information - The Goodyear Tire & Rubber Company
TABLE 61Key Information - The Yokohama Rubber Co., Ltd.
TABLE 62Key Information - Zhongce Rubber Group Co., Limited
TABLE 63Key Information - Nexen Tire
TABLE 64Key Information - Maxxis International-USA