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- US Tires Market Report 2024
US Tires Market Report 2024
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Tires are a commodity for many households, given the widespread vehicle ownership and the regular need for tire purchases. Among the different types of tires, all-season options are highly favored by consumers. When shopping for tires, trust in the retailer and sticking to a budget are key factors influencing decisions. Despite the rise of digital shopping, many still prefer the traditional in-person experience, although there is a noticeable shift towards exploring online purchasing avenues. Additionally, there is a growing curiosity and acceptance of technological advancements, such as artificial intelligence, in enhancing tire maintenance, and diagnostics. This evolving landscape presents both challenges and opportunities for consumers and retailers in the tire market.
Sustainability and innovation are redefining tire choices, but trust and affordability remain as important as ever.
Gabe Sanchez, Automotive Analyst
For the purpose of this Report, Mintel focuses on the replacement tire market, and has used the following definitions:
The consumer tire market include tires for passenger cars and light trucks, including all subcompact, compact, midsized or full-sized sedans, hatchbacks or convertibles; compact, midsized or full-sized truck-based SUVs; compact, midsized or full-sized car-based crossovers; minivans or MPVs (multipurpose vehicle); compact, midsized or full-sized pickup trucks or vans; any type of hybrid electric, electric or alternatively fueled vehicle; any type of luxury vehicle; any type of classic car; or any variation above, so long as it’s for noncommercial use.
Readers may also be interested in Mintel’s US Auto Aftermarket Report and Mintel’s US Auto Maintenance: DIY vs Servicing Report.
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