Report Information on US Commercial Tire Market Research By Type, Use, Construction Type, Vehicle Type, vehicle propulsion, end use, size, on-road vehicles GVW, and Region Forecast till 2032

Description

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Report Information on US Commercial Tire Market Research By Type (Metals, Steer Tires, Drive Tires, Trailer Tires, All Axles, and Agro and OTR Tires), Use (Long Haul Tires, Regional Haul Tires, City Tires, and All-Terrain/Off-The-Road Tires), Construction Type (Radial and Bias-Ply), Vehicle Type (Trucks, Buses and Coaches, Agro & Off-Road Vehicles), vehicle propulsion (ICE and Electric), end use (OEM and Replacement), size (Below 20 Inch, 20 Inch to 40 Inch, and 40 Inch and Above), on-road vehicles GVW (Class 3 (4,536 to 6,350 kg), Class 4 (6,351 to 7,257 kg), Class 5 (7,258 to 8,845 kg), Class 6 (8,846 to 11,793 kg), Class 7 (11,794 to 14,969 kg), and Class 8 (Above 14,969 kg)), and Region (Northwest, Southeast, West, Southeast, and Midwest) Forecast till 2032

Overview of the Market

The MRFR projects that the US commercial tire market will increase at a compound annual growth rate (CAGR) of 6.9% from its 2023 estimate of USD 36,875.5 million to USD 70,068.9 million in 2032.

The market is expanding due to the agriculture sector's large number of farms and significant reliance on long-lasting tires for machinery like harvesters and tractors.

By encouraging environmental stewardship and the advancement of contemporary technology, the sustainability of the materials used in tire manufacturing is significantly altering the commercial tire market in the United States. This shift addresses environmental concerns and consumer demands for sustainable practices.

Perspectives on Market Segments

Steer tires, drive tires, trailer tires, all axles, and agro and OTR tires are the several types of tires that make up the US commercial tire market. Commercial vehicles' front axle is equipped with steer tires, which are crucial for stability, steering, and vehicle handling.

The US commercial tire industry has been divided into four segments based on USE: city tires, all-terrain/off-road tires, regional haul tires, and long haul tires.

The US commercial tire industry has been divided into two segments based on the kind of construction: Radial and Bias-Ply. Steel belt layers that extend radially from the tire's center give radial tires their flexible and long-lasting construction.

The market has been divided into four segments based on the kind of vehicle: trucks, buses and coaches, off-road and agricultural vehicles, industrial vehicles, and construction vehicles.

The market has been divided into ICE and electric segments based on the propulsion of the vehicles.

The US commercial tire industry has been divided into OEM and Replacement (Online and Offline/Retail) segments based on end-use.

The market has been divided into three segments based on size: Below 20 Inch, 20 Inch to 40 Inch, and 40 Inch and Above.

based on automobiles that are on the road Class 3 (4,536 to 6,350 kg), Class 4 (6,351 to 7,257 kg), Class 5 (7,258 to 8,845 kg), Class 6 (8,846 to 11,793 kg), Class 7 (11,794 to 14,969 kg), and Class 8 (above 14,969 kg) are the market segments based on GVW.

Regional Perspectives

The US commercial tire market has been divided into the following regions: Northwest, Southeast, West, Southeast, and Midwest. Because construction equipment needs high-end or specialty tires, the growing construction industry in the US is also driving the rise of the commercial tire market. As of 2023, the construction sector employed 8 million people, had over 919,000 enterprises, and produced almost $2.1 trillion annually in the US. This thriving industry supports a number of industries, such as mining and manufacturing, and highlights the necessity of dependable commercial tires to preserve operational effectiveness.

Key Players

Among the leading companies in the commercial tire market are TOYO TIRE CORPORATION, HANKOOK TIRE & TECHNOLOGY, BRIDGESTONE CORPORATION, THE YOKOHAMA RUBBER CO., LTD., MICHELIN, CONTINENTAL AG, THE GOODYEAR TIRE & RUBBER COMPANY, KUMHO TIRE CO., INC., NEXEN TIRE, BALKRISHNA INDUSTRIES LTD. (BKT TIRES), and THE GOODYEAR TIRE & RUBBER COMPANY.

Product Code: MRFR/AM/42137-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INNOVATIVE TIRE SOLUTIONS FOR CONSTRUCTION VEHICLES
- 4.2.2 DURABILITY AND RELIABILITY: THE KEY ATTRIBUTES OF AGRICULTURAL TIRES
- 4.2.3 RAPID GROWTH IN ZERO-EMISSION BUS REGISTRATIONS
4.3 RESTRAINTS
- 4.3.1 INTERNATIONAL RUBBER PRICE FLUCTUATIONS AND THEIR EFFECTS ON U.S. TIRES
- 4.3.2 ECONOMIC IMPACT OF TARIFFS ON US COMMERCIAL TIRE MARKET
4.4 OPPORTUNITY
- 4.4.1 INTRODUCTION TO SUSTAINABLE TIRE MANUFACTURING
- 4.4.2 THE IMPACT OF ADVANCEMENTS IN TECHNOLOGY ON THE COMMERCIAL TIRE INDUSTRY
- 4.4.3 STRATEGIC ENGAGEMENT WITH DEALERS AND DISTRIBUTORS TO DRIVE GROWTH
4.5 COVID-19 IMPACT ANALYSIS
- 4.5.1 IMPACT ON AUTOMOTIVE INDUSTRY
- 4.5.2 IMPACT TIRE MARKET
- 4.5.3 IMPACT ON SUPPLY CHAIN OF COMMERCIAL TIRE MARKET
- 4.5.4 IMPACT ON MARKET DEMAND OF COMMERCIAL TIRE MARKET
- 4.5.5 IMPACT ON PRICING OF COMMERCIAL TIRE MARKET

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SOURCING
- 5.1.2 MANUFACTURING AND PRODUCTION
- 5.1.3 DISTRIBUTION CENTERS
- 5.1.4 WHOLESALERS
- 5.1.5 RETAILERS AND DEALERS
- 5.1.6 TRANSPORTATION AND LOGISTICS
- 5.1.7 END-USERS
- 5.1.8 RECYCLING AND END-OF-LIFE MANAGEMENT
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 REGULATORY OUTLOOK
5.4 PATENT TRENDS ANALYSIS
5.5 MARKET SWOT ANALYSIS
5.6 MARKET PESTEL ANALYSIS
- 5.6.1 POLITICAL
- 5.6.2 ECONOMIC
- 5.6.3 SOCIAL
- 5.6.4 TECHNOLOGICAL
- 5.6.5 ENVIRONMENTAL
- 5.6.6 LEGAL
5.7 FUTURE TECHNOLOGICAL INNOVATIONS

6 US COMMERCIAL TIRE MARKET, BY TYPE

6.1 OVERVIEW
6.2 STEER TIRES
6.3 DRIVE TIRES
6.4 TRAILER TIRES
6.5 ALL AXLES
6.6 AGRO AND OTR TIRES

7 US COMMERCIAL TIRE MARKET, BY USE

7.1 INTRODUCTION
7.2 LONG HAUL TIRES
7.3 REGIONAL HAUL TIRES
7.4 CITY TIRES
7.5 ALL-TERRAIN/OFF-THE-ROAD TIRES

8 US COMMERCIAL TIRE MARKET, BY CONSTRUCTION TYPE

8.1 INTRODUCTION
8.2 RADIAL
8.3 BIAS-PLY

9 US COMMERCIAL TIRE MARKET, BY VEHICLE TYPE

9.1 INTRODUCTION
9.2 TRUCKS
9.3 BUSES AND COACHES
9.4 AGRO & OFF-ROAD VEHICLES
- 9.4.1 AGRICULTURAL VEHICLES
- 9.4.2 INDUSTRIAL VEHICLES
- 9.4.3 CONSTRUCTION VEHICLES

10 US COMMERCIAL TIRE MARKET, BY VEHICLE PROPULSION

10.1 INTRODUCTION
10.2 ICE
10.3 ELECTRIC

11 US COMMERCIAL TIRE MARKET, BY END-USE

11.1 INTRODUCTION
11.2 OEM
11.3 REPLACEMENT
- 11.3.1 ONLINE
- 11.3.2 OFFLINE/RETAIL

12 US COMMERCIAL TIRE MARKET, BY SIZE

12.1 INTRODUCTION
12.2 BELOW INCH
12.3 INCH TO INCH
12.4 INCH AND ABOVE

13 US COMMERCIAL TIRE MARKET, BY ON-ROAD VEHICLES GVW

13.1 INTRODUCTION
13.2 CLASS (4,536 TO,350 KG)
13.3 CLASS (6,351 TO,257 KG)
13.4 CLASS (7,258 TO,845 KG)
13.5 CLASS (8,846 TO,793 KG)
13.6 CLASS (11,794 TO,969 KG)
13.7 CLASS (ABOVE,969 KG)

14 US COMMERCIAL TIRE MARKET, BY REGION

14.1 INTRODUCTION
14.2 NORTHEAST
14.3 SOUTHWEST
14.4 WEST
14.5 SOUTHEAST
14.6 MIDWEST

15 COMPETITIVE LANDSCAPE

15.1 INTRODUCTION
15.2 MARKET SHARE ANALYSIS, (VALUE)
15.3 COMPETITOR DASHBOARD
15.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 15.4.1 NEW PRODUCT DEVELOPMENT
- 15.4.2 MERGER AND ACQUISITION
- 15.4.3 CONTRACTS & AGREEMENTS
- 15.4.4 EXPANSIONS & INVESTMENT
15.5 PRODUCERS PRICING OUTLOOK, ($/UNIT) BY REPLACEMENT TIRE SIZES/APPLICATION
15.6 KEY PLAYER BRAND ANALYSIS
- 15.6.1 THE GOODYEAR TIRE & RUBBER COMPANY
- 15.6.2 MICHELIN
- 15.6.3 CONTINENTAL AG
- 15.6.4 BRIDGESTONE CORPORATION
- 15.6.5 THE YOKOHAMA RUBBER CO., LTD.
- 15.6.6 KUMHO TIRE CO., INC.
- 15.6.7 NEXEN TIRE
- 15.6.8 HANKOOK TIRE & TECHNOLOGY
- 15.6.9 TOYO TIRE CORPORATION
15.7 COMMERCIAL TIRE TIER ANALYSIS
- 15.7.1 TIER COMPANIES/BRANDS OUTLOOK
  - 15.7.1.1 KEY PLAYERS: GOODYEAR, MICHELIN, BRIDGESTONE, CONTINENTAL.
  - 15.7.1.2 MARKET CHARACTERISTICS
PREMIUM PRICING
STRONG BRAND LOYALTY
EXTENSIVE R&D
INNOVATION FOCUS.
- 15.7.2 TIER COMPANIES/BRANDS OUTLOOK
  - 15.7.2.1 KEY PLAYERS: KUMHO TIRE CO., INC., THE YOKOHAMA RUBBER CO., LTD.
  - 15.7.2.2 MARKET CHARACTERISTICS:
COMPETITIVE PRICING
GROWING MARKET SHARE
FOCUS ON QUALITY AND SERVICE
- 15.7.3 TIER COMPANIES/BRANDS OUTLOOK
  - 15.7.3.1 KEY PLAYERS: BALKRISHNA INDUSTRIES, HANKOOK TIRE & TECHNOLOGY, TOYO TIRE CORPORATION, NEXEN TIRE.
  - 15.7.3.2 MARKET CHARACTERISTICS:
NICHE MARKETS
REGIONAL FOCUS
EMPHASIS ON SPECIFIC APPLICATIONS OR CUSTOMER SEGMENTS.

16 COMPANY PROFILE

16.1 THE GOODYEAR TIRE & RUBBER COMPANY
- 16.1.1 COMPANY OVERVIEW
- 16.1.2 FINANCIAL OVERVIEW
- 16.1.3 PRODUCTS OFFERED
- 16.1.4 KEY DEVELOPMENTS
- 16.1.5 SWOT ANALYSIS
- 16.1.6 KEY STRATEGIES
16.2 MICHELIN.
- 16.2.1 COMPANY OVERVIEW
- 16.2.2 FINANCIAL OVERVIEW
- 16.2.3 PRODUCTS OFFERED
- 16.2.4 KEY DEVELOPMENTS
- 16.2.5 SWOT ANALYSIS
- 16.2.6 KEY STRATEGIES
16.3 CONTINENTAL AG.
- 16.3.1 COMPANY OVERVIEW
- 16.3.2 FINANCIAL OVERVIEW
- 16.3.3 PRODUCTS OFFERED
- 16.3.4 KEY DEVELOPMENTS
- 16.3.5 SWOT ANALYSIS
- 16.3.6 KEY STRATEGIES
16.4 BRIDGESTONE CORPORATION
- 16.4.1 COMPANY OVERVIEW
- 16.4.2 FINANCIAL OVERVIEW
- 16.4.3 PRODUCTS OFFERED
- 16.4.4 KEY DEVELOPMENTS
- 16.4.5 SWOT ANALYSIS
- 16.4.6 KEY STRATEGIES
16.5 THE YOKOHAMA RUBBER CO., LTD.
- 16.5.1 COMPANY OVERVIEW
- 16.5.2 FINANCIAL OVERVIEW
- 16.5.3 PRODUCTS OFFERED
- 16.5.4 KEY DEVELOPMENTS
- 16.5.5 SWOT ANALYSIS
- 16.5.6 KEY STRATEGIES
16.6 KUMHO TIRE CO., INC.
- 16.6.1 COMPANY OVERVIEW
- 16.6.2 FINANCIAL OVERVIEW
- 16.6.3 PRODUCTS OFFERED
- 16.6.4 KEY DEVELOPMENTS
- 16.6.5 SWOT ANALYSIS
- 16.6.6 KEY STRATEGIES
16.7 NEXEN TIRE.
- 16.7.1 COMPANY OVERVIEW
- 16.7.2 FINANCIAL OVERVIEW
- 16.7.3 PRODUCTS OFFERED
- 16.7.4 KEY DEVELOPMENTS
- 16.7.5 SWOT ANALYSIS
- 16.7.6 KEY STRATEGIES
16.8 BALKRISHNA INDUSTRIES LTD. (BKT TIRES)
- 16.8.1 COMPANY OVERVIEW
- 16.8.2 FINANCIAL OVERVIEW
- 16.8.3 PRODUCTS OFFERED
- 16.8.4 KEY DEVELOPMENTS
- 16.8.5 SWOT ANALYSIS
- 16.8.6 KEY STRATEGIES
16.9 HANKOOK TIRE & TECHNOLOGY.
- 16.9.1 COMPANY OVERVIEW
- 16.9.2 FINANCIAL OVERVIEW
- 16.9.3 PRODUCTS OFFERED
- 16.9.4 KEY DEVELOPMENTS
- 16.9.5 SWOT ANALYSIS
- 16.9.6 KEY STRATEGIES
16.10 TOYO TIRE CORPORATION.
- 16.10.1 COMPANY OVERVIEW
- 16.10.2 FINANCIAL OVERVIEW
- 16.10.3 PRODUCTS OFFERED
- 16.10.4 KEY DEVELOPMENTS
- 16.10.5 SWOT ANALYSIS
- 16.10.6 KEY STRATEGIES

17 MRFR ANALYST RECOMMENDATIONS

17.1 EXPANSION STRATEGIES
17.2 PRICING STRATEGIES
17.3 MARKET POSITIONING STRATEGIES
17.4 INVESTMENT STRATEGIES
17.5 OEMS AND VEHICLE OPERATORS' NEEDS AND PAIN POINTS
17.6 TOP PERFORMING MARKET SEGMENTS AND MARKET ENTRY OR EXPANSION EFFORTS
17.7 TECHNOLOGY REQUIREMENTS/DEMAND
17.8 MARKET POTENTIAL
17.9 MARKET COMPETITION
17.10 MANUFACTURING & INNOVATION
17.11 CHANNELS & PARTNERSHIPS
17.12 REGULATORY LANDSCAPE
17.13 ADJACENT MARKETS
17.14 MARKETING & BRANDING
17.15 PROFITABILITY
17.16 OTHERS