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Tires & Rubber in the United States

  • May 2017
  • 38 pages
  • MarketLine
Report ID: 3519880

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Tires & Rubber in the United States

Summary
Tires & Rubber in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis
Essential resource for top-line data and analysis covering the United States tires & rubber market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights
- The tires and rubber market consists of the manufacturers revenues generated through the sales of both aftermarket (replacement) and original equipment manufacturer (OEM) tires for passenger cars and commercial vehicles, earthmoving equipment, motorcycles, scooters, bicycles, and aircraft. The volume represents the number of tires produced for passenger cars and commercial vehicles only, including OEM and aftermarket tires. For the purpose of this report, pickups and SUVs are classified as commercial vehicles even when used primarily as private passenger cars. All currency conversions used in the creation of this report have been calculated using constant 2016 average exchange rates.
- The US tires & rubber market had total revenues of $178,740.2m in 2016, representing a compound annual rate of change (CARC) of -0.6% between 2012 and 2016.
- The US tires and rubber market recovered from a decline in 2013 to post moderate growth rates in 2014, 2015 and 2016. This can partially be accredited to crude oil prices which started tumbling in 2014 and reached their lowest point in late 2015/early 2016 before recovering again somewhat. This decline in oil prices had a positive influence on road vehicle sales, with one estimate suggesting that due to the fall in oil prices seven million more cars were sold in 2015 than if oil prices had remained stagnant. Increased activity in the automotive industry is always positive news for the tires and rubber market as it ranks as a major supplier to the automotive industry.
- The big four of players in the US tires and rubber market are Goodyear, Michelin, Bridgestone and Continental. Of the total market share of tires in the US/Canadian market, 27.1% belong to Goodyear, 21.5% to Michelin, 13.3% to Bridgestone and 11.4% to Continental. This makes the market very difficult to enter for new players as globally established giants hold a significant market share in the US market.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the tires & rubber market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the tires & rubber market in the United States
- Leading company profiles reveal details of key tires & rubber market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States tires & rubber market with five year forecasts by both value and volume

Reasons to buy
- What was the size of the United States tires & rubber market by value in 2016?
- What will be the size of the United States tires & rubber market in 2021?
- What factors are affecting the strength of competition in the United States tires & rubber market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's tires & rubber market?

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