Albany, NY -- (SBWIRE) -- 06/23/2015 -- About Passenger Car Tire

The tire market in the US is one of the largest markets in the world. The US is one of the leading importers of tires and a hub for a large number of vehicle manufacturers.

According to the UNECE, in 2011, the US had 403 passenger cars per 1,000 people and 6,561,643

km (4,077,216 miles) of total road network. Also, it had about 126 million passenger cars in use in the same year, which indicates the commercial viability of the automotive industry and the associated markets in the country.

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The country has mixed weather, which differs from inland northern areas to the coastal areas. A considerable difference in temperature is observed during winters. For instance, the temperature varies in the range of -10 Fahrenheit in North Dakota/central and northern Minnesota to 70 Fahrenheit in central and southern Florida and far southern Texas. This variation in temperature necessitates the need for different types of tires, including winter tires, which are typically advocated for places with temperatures of less than 45 Fahrenheit. Some of the prominent local and multinational tire brands active in the tire market in the country include Michelin, Firestone, Bridgestone, Toyo Tire, Yokohama, Pirelli, Cooper Tires, Goodyear, and Continental Tires.

Analysts forecast the passenger car tire market in the US to grow at a CAGR of 1.91% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in the US for the period 2015-2019. The forecast and analysis of the market have been done in terms of volume. The market includes the following segments:

Replacement segment

OEM segment

Report, Passenger Car Tire Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating

in this market.

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Prominent Vendors

Bridgestone Americas Tire Operations

Continental Tire North America (formerly General Tire and Rubber)

Continental Tire the Americas

Cooper Tire & Rubber

Falken Tire

Giti Tires USA

Goodyear Tire and Rubber

Hankook Tire

Kumho Tire USA

Michelin North America

Nexen Tire America

Nitto Tire USA

Pirelli

Sumitomo Rubber Industries

Toyo Tire USA

Yokohama Tire

Market Driver

Falling Crude Oil Prices

For a full, detailed list, view our report

Market Challenge

Increase in Retreading of Tires

For a full, detailed list, view our report

Market Trend

Tightening of Tire Disposal Laws

For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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