Expanding automobile fleet, increasing sales
of vehicles, and rising production of passenger cars and LCVs to drive North America tire market
through 2023
 |
| North America Tire Market 2023 |
According to TechSci
Research report, “North
America Tire Market
By Vehicle Type, By Demand Category, By Radial Vs. Bias, By Country,
Competition Forecast & Opportunities, 2013 – 2023”, North America tire market is forecast to cross $
91 billion by 2023, on account of rising sales of automobiles and expanding
vehicle fleet. Some of the other factors expected to positively influence the
region’s tire market are high demand for replacement tires, increasing number
of infrastructure projects and growing construction industry. Few of the
prominent tire manufacturing companies with a strong presence in the region are
Bridgestone, Goodyear, Michelin, Continental and Pirelli. A widespread presence of dealers and
distributors is expected to push tire sales of these companies in North America
during the forecast period.
Browse 27 market data Figures and Tables spread
through 41 Pages and an
in-depth TOC on "North America Tire Market" https://www.techsciresearch.com/report/north-america-tire-market/3297.html
With around three quarters of the volume share
in 2017, passenger car tire segment dominated the North America tire market,
followed by light commercial vehicles, medium & heavy commercial vehicles,
OTR vehicles, two-wheelers and three-wheelers. The dominance of passenger car
segment is backed by high per capita purchasing power and easy availability of
passenger cars in the region. Replacement tire segment holds the largest market
share; however, in the coming years, the OEM tire segment is anticipated to
witness fastest growth in the region’s tire market.
Customers
can also request for 10% free customization on this report.
“North American
countries are quite advanced in comparison to other countries across the globe,
in terms of per capita income levels, vehicle ownership and agriculture output.
Growing mechanization of agriculture farms coupled with expanding vehicle fleet,
growing infrastructural developments, and increasing vehicle sales and
production is anticipated to aid the region’s tire market over the next five
years.’’, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“North America Tire
Market By Vehicle Type, By Demand Category, By Radial Vs. Bias, By Country,
Competition Forecast & Opportunities, 2013 – 2023” has analyzed the potential of tire market across the North America region, and
provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyses emerging trends along with essential
drivers and key challenges faced by the industry.
About TechSci Research
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firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
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leading technologies and niche applications. Our workforce of more than 100
fulltime Analysts and Consultants employing innovative research solutions and
tracking global and country specific high growth markets helps TechSci clients
to lead rather than follow market trends.
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