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. 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 12 million passenger and commercial vehicles being produced in the United States, the U.S. market calls for a large number of tire manufacturers.
In light of globalization, tire manufacturers need not necessarily be located in the United States, though. Goodyear Tire and Rubber Co. and Cooper Tire and Rubber Co. are among the key tire makers with headquarters in the United States. Asia-headquartered Bridgestone is the leading manufacturer of tires in the world, and the world's second largest tire manufacture, Michelin, is based in Europe.
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