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Tire market in the United States - facts & statistics

Virtually all wheeled land vehicles in operation, whether off-road or on-road, use tires, which makes the industry an important one in the manufacturing process. With around 11 million passenger and commercial vehicles being produced and around 17 million vehicles being sold in the United States, the U.S. market calls for a large number of tire manufacturers. The market for replacement tires in the United States was sized at almost 43 billion U.S. dollars in 2019.

Tire market segments

Replacement passenger tires are the leading segment with shipments of over 220,000 units. The most commonly used tires around the world today can be categorized under the pneumatic segment: They contain or operate by air or gas under pressure. Their primary purposes are to provide traction between vehicles or bicycles with the road as well as shock absorption for impact.

Leading companies

Goodyear Tire and Rubber Co. and Cooper Tire and Rubber Co. are among the key tire makers with headquarters in the United States. In light of globalization, tire manufacturers need not necessarily be located in the United States, though. Asia-headquartered Bridgestone is the leading manufacturer of tires in the world, while the world's second largest tire manufacture, Michelin, is based in Europe.

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Tire market in the United States

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Tire manufacturers at a glance

Segments

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