The United States Tire Cord and Tire Fabrics Market size is reached a valuation of USD xx.x Billion in 2023, with projections to achieve USD xx.x Billion by 2031, demonstrating a compound annual growth rate (CAGR) of xx.x% from 2024 to 2031.
United States Tire Cord and Tire Fabrics Market By Application
- Passenger Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Off-road Vehicles
- Two-wheelers
The United States tire cord and tire fabrics market is segmented by application into various key categories. Passenger cars segment dominates the market, driven by the high demand for lightweight and fuel-efficient vehicles equipped with advanced tire technologies. Light commercial vehicles (LCVs) also contribute significantly to the market share, supported by the increasing logistics and transportation activities across the country.
Heavy commercial vehicles (HCVs) utilize tire cords and fabrics extensively due to their robust nature and the need for durability under heavy loads. Off-road vehicles, including SUVs and trucks used in challenging terrains, require specialized tire cords for enhanced traction and durability. Two-wheelers segment, comprising motorcycles and bicycles, also constitute a notable share, driven by the growing preference for lightweight and high-performance tires.