Whilst potential demand for new cars in the Americas picked up significantly in 2021, recovery in vehicle production and the original equipment tire market was held back by major shortages of components, specifically semiconductors.
Supply chain disruption continued in 2022, resulting from numerous factors including Covid-related lockdowns in China.
This has delayed the recovery in the OE tire market, and whilst supply shortages are easing vehicle demand across the region is expected to be affected by higher interest rates, economic uncertainty and increased new vehicle prices.
The PCLT replacement tire market in the Americas made a strong recovery in 2021, particularly in the US, as vehicle kilometres travelled increased following the steep declines in 2020. Sharply higher fuel costs in 2022 slowed the recovery in road traffic and higher inflation impacted household budgets and spending. Nevertheless, the value of the market rose sharply as tire manufacturers have passed on significantly higher raw material costs, with high rim diameter tires taking a larger share of the market.
Country Coverage:
North America: USA, Canada, Mexico; South & Central America: Brazil, Argentina,Rest of South & Central America
Fig 1 Global Light Vehicle Registrations by Region 2019-2022
Fig 2 Global Light Vehicle Registrations by Region Forecast to 2028
Fig 3 Impact of CASE Trends on Future Tire Demand
Fig 4 Quarterly Change in New Registrations by Country to Q2-2023
Fig 5 Americas Light Vehicle Registrations by Country Forecast to 2028
Fig 6 Americas Light Vehicle Parc by Region Forecast to 2028
Fig 7 Americas Light Vehicle Parc by Country Forecast to2028
Fig 8 Americas Light Vehicle Parc Density by Region Forecast to 2028
Fig 9 Americas Light Vehicle Parc Density by Country Forecast to 2028
Fig 10 Americas Original Equipment and Replacement PCLT Tire Segments Forecast to 2028
Fig 11 Americas Original Equipment and Replacement PCLT TireVolume by Country Forecast, 2028
Fig 12 Share of OE and Replacement PCLT Tire Volumes byCountry Forecast, 2028
Americas OE Tire Market Development
Americas OE Tire Market Developments by Vehicle Manufacturer
Fig 13 Americas OE PCLT Tire Volume by Country 2019-2022
Fig 14 Americas OE PCLT Tire Volume by Region Forecast to 2028
Fig 15 Americas OE PCLT Tire Volume by Country Forecast to 2028
Fig 16 Share of Americas OE PCLT Tire Volume by Country 2028
Americas OE Tire Market Development by Country (US, Canada, Mexico)
Americas OE Tire Market Development by Country (Brazil, Argentina)
Fig 17 Americas Replacement PCLT Tire Volume by Country 2019-2022
Fig 18 Americas Replacement PCLT Tire Volume by Region Forecast to 2028
Fig 19 Americas Replacement PCLT Tire Volume by Country Forecast to 2028
Fig 20 Share of Americas Replacement PCLT Tire Volume by Country 2028
Fig 21 Value of the Americas Replacement PCLT Tire Market to 2022
Fig 22 Market Segmentation, Summer, Winter and All-Season Tires
Table 1 Americas Original Equipment Tire Market Demand By Region and Country 2018-2028
Table 2 Growth in Americas Original Equipment Tire Market Demand By Region and Country 2018-2028
Table 3 Share of Americas Original Equipment Tire Market Demand By Region and Country 2018-2028
Table 4 Americas Replacement Tire Market Demand By Region and Country 2018-2028
Table 5 Growth in Americas Replacement Tire Market Demand By Region and Country 2018-2028
Table 6 Share of Americas Replacement Tire Market Demand By Region and Country 2018-2028
Table 7 Americas New Vehicle Registrations by Region and Country 2018-2028
Table 8 Americas Light Vehicle Parc by Region and Country 2018-2028