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Global demand for car and light commercial vehicle tires is expected to have surpassed *** billion units by 2018. Market growth peaked in 2013, when global demand for tires for cars and light commercial vehicles rose by *** percent.

Tires in the U.S.

The total market size for pneumatic tires in the United States was roughly ** billion U.S. dollars in 2015 and is expected to grow to ** billion U.S. dollars by 2022. American-based tire manufacturer, Goodyear, is the third largest in the world, with ** percent of the global market in 2018.

Imports and trade

Truck freight and passenger transport are necessary for the everyday of the country, making the automotive industry one of the key segments of the U.S. economy. Hence, changes in the automotive market can have noticeable effects on American lives. The implementation of tariffs on a wide array of imported goods has increased prices of motor vehicle tires; however, the volume of new pneumatic tires that are imported into the United States is actually on the rise.