Lewes, DE -- (SBWIRE) -- 06/25/2015 -- Report forecast the passenger car tire market in the US to grow at a CAGR of 1.91% over the period 2014-2019.

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.

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.

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

According to the report, despite the supply of crude oil being higher than the demand, OPEC, the world's largest oil cartel, has not cut production, which has led to a rapid fall in oil prices. Fuel prices, especially in oil producing countries, such as the US, are at their lowest in years. This fall in fuel prices has led to an increase in on-road and off-road driving. With an increase in the miles being driven, passenger car tires, are expected to wear out sooner, therefore leading to a steady need for the replacement of worn-out tires. With higher demand for replacements, the growth rate of the market is likely rise.

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.

Key players in the passenger car tire market in the US: 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 and 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?

Spanning over 143 pages, "Passenger Car Tires Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Passenger Car Market in the US, General Overview of the Tire Market in the US, Market Landscape, Market Segmentation by Customer, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Tire Disposal, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/passenger-car-tires-market-us-2015-2019

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1st- Passenger Car Tires Market in the UK 2015-2019 - visit at: http://www.marketresearchreports.com/technavio/passenger-car-tires-market-uk-2015-2019

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