In 2023, the import value of new pneumatic tyres of rubber for motor cars to the US was approximately $9.02 billion. Forecasted data from 2024 to 2028 indicates a consistent increase, with the value reaching $9.97 billion in 2028. The year-on-year growth rates reflect this incremental rise, showing steady market expansion. The Compound Annual Growth Rate (CAGR) over the forecast period is modest yet stable, highlighting gradual growth in demand for these imports.
Future trends to watch for include:
- The influence of evolving vehicle technology, particularly electric vehicles, on tyre specifications and demand.
- Potential shifts in trade policies and supply chain logistics that could impact import dynamics.
- Environmental regulations affecting tyre production and disposal.