According to our latest research offering 'US
by：Tanco Tire,Timax Tyre 2020-09-27
The study identified that, the passenger car segment is expected to sustain its rising tyre demand in the coming years. Passenger car major's capacity additions will result in OEM's increasing tyre off takes in future. In response from the OEM' front, passenger vehicle industry is expected to expand capacity in the coming years. We expect almost all automobile majors to free flow their manufacturing capacities in near future, which will prove decisive for the tyre demand in the US.
Further, the concept of large rim-size tyres and run-flat tyres are the paradigm of the country's competitive edge. These new tyre types are widely accepted in the US and it is expected that in coming years, the demand for high performance and ultra high performance tyres will outperform the overall passenger tyre demand in the US. Presently, the market share of run-flat tyres is less than 1% in the US, which is anticipated to grow strongly, backed by various factors discussed in the report.
Our report 'US Tyre Industry Analysis' has been authored to evaluate the future growth potential of the tyre industry in the US. It provides statistics and information on market structure, tyre production, and shipment in terms of segments, exports, and imports trends. Tyre shipment projections have been provided for all prominent industry segments, such as passenger tyres, light truck tyres, medium & heavy truck tyres, and agriculture/forestry tyres, which facilitate the cutting edge market intelligence to clients, while making investment decisions.
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