The global tire market is well positioned for further growth as it adapts to meet challenges across a complex matrix of tire type, end-use and regional markets. Estimated at over 2.36 billion units in 2019, topline volume tire growth is expected to continue at a 3.1% compound annual rate from 2019 through 2024, according to The Future of Global Tires to 2024
North America has low growth prospects overall as a mature market. However, the region will remain a center of innovation, technology development, and manufacturing. Value and volume growth will continue, but at a slower pace than previously experienced.
Download the infographic to learn more about the latest tire market trends in North America.