In 2023, imports of new pneumatic tyres of rubber for motor cars to the US stood at an estimated 1.765 billion kilograms. The forecasted data from 2024 to 2028 shows a consistent year-on-year growth in import volumes. The projected volumes are expected to increase gradually each year, with a noticeable trend of stable growth.
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is indicative of a moderate expansion in import volumes, reflecting a steady demand for motor car tyres in the US market.
Future trends to watch for include:
- Shifts in global supply chains that could affect tyre imports.
- Technological advancements in tyre manufacturing impacting demand.
- Policy changes affecting import tariffs and regulations.
- Consumer shift towards electric vehicles, influencing tyre specifications and requirements.