May 18, 2025
IndexBox has just published a new report: U.S. – Tyres For Motor Cars – Market Analysis, Forecast, Size, Trends and Insights.
The United States market for motor car tyres is expected to experience continued growth in demand, with a projected increase in market volume to 330M units and market value to $27.3B by the end of 2035. Market performance is forecasted to expand at a CAGR of +1.1% for volume and +2.8% for value from 2024 to 2035.
Market Forecast
Driven by increasing demand for tyres for motor cars in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 330M units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2024 to 2035, which is projected to bring the market value to $27.3B (in nominal wholesale prices) by the end of 2035.
Consumption
United States’s Consumption of Tyres For Motor Cars
In 2024, passenger car tyre consumption in the United States expanded to 291M units, picking up by 1.6% on the previous year’s figure. The total consumption volume increased at an average annual rate of +2.2% over the period from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the consumption volume increased by 8.9% against the previous year. Passenger car tyre consumption peaked in 2024 and is expected to retain growth in years to come.
The value of the passenger car tyre market in the United States stood at $20.1B in 2024, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Passenger car tyre consumption peaked in 2024 and is expected to retain growth in years to come.
Production
United States’s Production of Tyres For Motor Cars
In 2024, the amount of tyres for motor cars produced in the United States totaled 139M units, remaining constant against 2023. The total output volume increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Passenger car tyre production peaked at 162M units in 2018; however, from 2019 to 2024, production failed to regain momentum.
In value terms, passenger car tyre production stood at $11.8B in 2024. The total output value increased at an average annual rate of +2.6% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, production hit record highs in 2024 and is likely to see gradual growth in the immediate term.
Imports
United States’s Imports of Tyres For Motor Cars
In 2024, approx. 169M units of tyres for motor cars were imported into the United States; rising by 2% against the year before. The total import volume increased at an average annual rate of +1.5% over the period from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 18%. Over the period under review, imports reached the maximum in 2024 and are likely to continue growth in the immediate term.
In value terms, passenger car tyre imports shrank slightly to $9.7B in 2024. The total import value increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 when imports increased by 19% against the previous year. Imports peaked at $9.9B in 2023, and then reduced in the following year.
Imports By Country
Thailand (42M units), Mexico (23M units) and Vietnam (16M units) were the main suppliers of passenger car tyre imports to the United States, with a combined 48% share of total imports. Indonesia, Canada, South Korea, Cambodia, Japan, Chile, the Philippines, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further 38%.
From 2013 to 2024, the biggest increases were recorded for Cambodia (with a CAGR of +143.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest passenger car tyre suppliers to the United States were Mexico ($1.9B), Thailand ($1.6B) and Canada ($826M), together accounting for 45% of total imports. Indonesia, Japan, South Korea, Vietnam, Cambodia, Chile, the Philippines, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further 35%.
Among the main suppliers, Cambodia, with a CAGR of +138.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices By Country
The average passenger car tyre import price stood at $58 per unit in 2024, waning by -3.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of 13% against the previous year. Over the period under review, average import prices reached the peak figure at $64 per unit in 2014; however, from 2015 to 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($84 per unit), while the price for Taiwan (Chinese) ($28 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mexico (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports
United States’s Exports of Tyres For Motor Cars
In 2024, shipments abroad of tyres for motor cars decreased by -2.4% to 16M units for the first time since 2021, thus ending a two-year rising trend. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 22%. As a result, the exports reached the peak of 38M units. From 2015 to 2024, the growth of the exports remained at a lower figure.
In value terms, passenger car tyre exports reached $1.5B in 2024. Over the period under review, exports recorded a perceptible decline. The growth pace was the most rapid in 2022 with an increase of 12% against the previous year. The exports peaked at $2.4B in 2013; however, from 2014 to 2024, the exports remained at a lower figure.
Exports By Country
Canada (8M units), Mexico (5.9M units) and Germany (363K units) were the main destinations of passenger car tyre exports from the United States, with a combined 88% share of total exports.
From 2013 to 2024, the biggest increases were recorded for Germany (with a CAGR of +4.5%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for passenger car tyre exported from the United States were Canada ($675M), Mexico ($480M) and Germany ($59M), with a combined 83% share of total exports.
Among the main countries of destination, Germany, with a CAGR of +6.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices By Country
In 2024, the average passenger car tyre export price amounted to $90 per unit, rising by 3.2% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs in 2024 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2024, amid the top suppliers, the country with the highest price was Germany ($164 per unit), while the average price for exports to Mexico ($82 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
