According to a recent research report titled ‘North America Tire Market Analysis, 2020’, available with Market Study Report, North America tire market is projected to attain a valuation of USD 90 billion by the year 2025.
 

As per the report findings, growing sales of passenger cars owing to rising per capita income, expanding vehicle fleet due to robust growth of logistics sector, and increasing production of automobiles are fueling the growth of North America tire market. Moreover, growing use of off-road and construction vehicles on account of increasing number of infrastructure projects, along with presence of large and widespread network of tire distributors and dealers in the region are other factors contributing the industry growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3114626/
 

Based on vehicle type, North America tire market is divided into passenger car, two-wheeler, three-wheeler, light commercial vehicle (LCV), medium and heavy commercial vehicle (M&HCV) and off road tire (OTR). In terms of demand category, the industry is split into OEMs and replacement demand. Considering tire type, the market is segmented into radial and bias. Moving to on sales channels, direct sales and online sales are two industry segments.
 

Considering season, North America tire industry is categorized into all season tires, winter tires, and summer tires. Speaking of the rim size, the market is fragmented into 12.1” to 15”. 15.1”-18”, 18.1”-20”, 20.1”-22.5”, 22.6”-35”, 35.1”-47”, and above 47”.
 

Considering the regional outlook, United States, Canada, and Mexico are the key contributors to the overall industry remuneration.
 

Major players influencing North America tire market trends are Toyo Tire Corp., Yokohama Rubber Co., Pirelli & C. S.p.A., Kumho Tire Co., Inc., Hankook Tire & Technology Group, Sumitomo Corporation, Continental AG, Michelin Group, Bridgestone Corp., and Goodyear Tire and Rubber Co.