In 2023, the actual import value of used pneumatic tyres to the US stood at 3.55 million units, marking the baseline for comparing the forecasted data. The forecast from 2024 to 2028 suggests a steady growth trend, starting from 3.6127 million units in 2024 to reach 3.8622 million units by 2028. This upward trajectory reflects modest year-on-year increases, with about 1.8% annually from 2024 to 2025, and a consistent rise continuing through the latter years. Over this five-year period, the cumulative average growth rate (CAGR) indicates a stable industry behavior, reinforcing sustained interest and need for used tyres.
Future trends to watch for include advancements in recycling technology and environmental regulations which may impact the import dynamics. Additionally, currency fluctuation and shifts in global supply chains could also influence these projections, making the sector more volatile or conducive in coming years. Monitoring consumer preferences for sustainable and affordable tyre solutions will be key in understanding shifts in demand patterns.
