The North America tire aftermarket, tire replacement market is set to be valued at $17.18 billion by 2030, propelling with a 3.60% CAGR during the estimation years, 2022-2030.

North America is home to major automotive companies, thereby increasing the need for automotive components. Moreover, the United States and Canada enjoy a high per capita income leading to increased investments in recreational racing and the customization of tires. These significant factors are driving the market growth in the region.

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The North America tire aftermarket, tire replacement market growth study entails a thorough assessment of Canada and United States. Most aftermarket categories in the United States are seeing record or near-record sales. The automotive tire aftermarket is thriving in the United States due to the country’s well-established vehicle industry. The automobile industry’s aftermarket comprises vehicle services and components businesses. Almost all wheeled land vehicles, whether off-road or on-road, need tires. Because of this dependency, the tire sector is a critical component of the United States automotive industry.

Furthermore, major market players intend to collaborate on creating an intelligent braking system. In addition, according to Universal Technical Institute, the United States has 239,100 auto repair and maintenance centers. These after-sales mechanisms offer a vital support system to automotive vehicles in providing tire replacements. Hence, the extensive development of the automotive sector presence of tire manufacturing companies and service centers are the growth enablers of the United States tire aftermarket, tire replacement market.

The North America tire aftermarket, tire replacement market evaluation covers segmentation by rim size, tire type, and distribution channel. Market by rim size includes 16-18 inches, 19-21 inches, 13-15 inches, and more than 21 inches.

The size of the rims affects the car’s performance, noise levels, comfort, and fuel efficiency. Reducing tire sidewall height results in quicker performance and improved handling; nevertheless, bigger wheels might influence ride quality, making for a jittery driving experience. As a result, firms in the automobile tire aftermarket are focused on strategic alliances and innovation to supply high-end goods and meet expanding customer demand.

The 19-21 rim size segment is anticipated to observe significant growth in the Automotive Tire Aftermarket Market. As bigger tires and wheels are better for increasing the vehicle’s traction, the 19-21 rim size segment is anticipated to grow significantly. The enhanced performance of the 19-21 rim size segment, such as sharper turn-in and more mid-corner balance, is anticipated to propel the segment growth.

Market manufacturers provide products for rim sizes larger than 21, but the market for this category is still modest. The greater the rim size, the more difficult and costly it is to obtain replacement tires. There are a few tire manufacturers who produce more than 21 sector rim sizes for big tires, but this issue is largely preventable in vehicle dealerships, which is expected to enhance the segment’s growth.

Prominent players in the North America tire aftermarket, tire replacement market include Goodyear Tires, Maxxis, Cooper Tire & Rubber Company, the Yokohama Rubber Co Ltd, etc.

Maxxis is an automotive company that manufactures tires. It offers tire products for bicycles, light trucks, motorcycles, karts, cars, ATVs, trailers, etc. The company is headquartered in  Suwanee, United States.

Victra Sport 5 VS5, S PRO, and Campro MAC2 are some of the most popular products from Maxxis. Victra Sport 5 VS5 provides high-performance tires for track days, hot hatches, and sports cars. On the other hand, the S PRO tire is designed to provide a quiet ride with a smooth and decent grip for contemporary SUVs. Campro MAC2 helps camping professionals meet performance, comfort, and durability demands.

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