Forecast: Import of New Pneumatic Tyres of Rubber for Buses or Lorries to the US

The import of new pneumatic rubber tires for buses or lorries to the US was $5 billion in 2023. Forecasted values for 2024 to 2028 show a consistent year-on-year growth, culminating with a projected import value of $5.74 billion in 2028. This represents annual growth rates of 2.1% from 2024 to 2025, 2.0% from 2025 to 2026, 2.0% from 2026 to 2027, and 1.9% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 1.9%, indicating modest but steady growth.

Future trends to watch for include:

  • Technological advancements in tire manufacturing that could influence demand.
  • Economic shifts affecting the transportation sector and infrastructure spending.
  • Regulatory changes impacting import tariffs or environmental standards.

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