The North America Racing Tires Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).
The US market dominated the North America Racing Tires Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,461.4 Million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2023 - 2030).
As industries emphasize sustainability more, the racing tires market is undergoing a paradigm transition toward environmentally conscious products. Manufacturers are exploring the integration of sustainable materials and manufacturing processes to align with environmental initiatives.
Moreover, the heart of racing tire innovation lies in material science, where advancements drive unprecedented performance and safety levels. From developing novel compounds to integrating advanced nanomaterials, racing tire manufacturers are pushing the boundaries of what is possible, aiming for optimal grip, heat resistance, and durability under extreme racing conditions.
Some notable racing series and events in Canada include the NASCAR Pinty's Series, the Canadian Touring Car Championship (CTCC), and various local and regional racing competitions. As per the Government of Canada, in 2021, the governments of Canada and Quebec finalized an agreement with the Formula One World Championship (FOWC) to ensure the return of the Formula 1 Grand Prix du Canada and its extension into 2031, two years beyond the current agreement.
Free Valuable Insights: The Racing Tires Market is Predict to reach USD 15.8 Billion by 2030, at a CAGR of 5.3%
Based on Tire Type, the market is segmented into Racing Slick Tires, and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires, and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires, and OEMs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Bridgestone Corporation
- Continental AG
- Michelin
- Hankook Tire & Technology
- Pirelli & C. S.p.A.
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Zhongce Rubber Group Co., Limited
- Nexen Tire
- Maxxis International USA (Cheng Shin Rubber Industry Co.)
North America Racing Tires Market Report Segmentation
By Tire Type
- Racing Slick Tires
- Racing Treaded Tires
By Application
- Auto Racing Tires
- Motorcycle Racing Tires
By Distribution Channel
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Racing Tires Market, by Tire Type
1.4.2 North America Racing Tires Market, by Application
1.4.3 North America Racing Tires Market, by Distribution Channel
1.4.4 North America Racing Tires Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Racing Tires Market
Chapter 5. North America Racing Tires Market, By Tire Type
5.1 North America Racing Slick Tires Market, By Country
5.2 North America Racing Treaded Tires Market, By Country
Chapter 6. North America Racing Tires Market, By Application
6.1 North America Auto Racing Tires Market, By Country
6.2 North America Motorcycle Racing Tires Market, By Country
Chapter 7. North America Racing Tires Market, By Distribution Channel
7.1 North America Replacement Tires Market, By Country
7.2 North America OEMs Market, By Country
Chapter 8. North America Racing Tires Market, By Country
8.1 US Racing Tires Market
8.1.1 US Racing Tires Market, By Tire Type
8.1.2 US Racing Tires Market, By Application
8.1.3 US Racing Tires Market, By Distribution Channel
8.2 Canada Racing Tires Market
8.2.1 Canada Racing Tires Market, By Tire Type
8.2.2 Canada Racing Tires Market, By Application
8.2.3 Canada Racing Tires Market, By Distribution Channel
8.3 Mexico Racing Tires Market
8.3.1 Mexico Racing Tires Market, By Tire Type
8.3.2 Mexico Racing Tires Market, By Application
8.3.3 Mexico Racing Tires Market, By Distribution Channel
8.4 Rest of North America Racing Tires Market
8.4.1 Rest of North America Racing Tires Market, By Tire Type
8.4.2 Rest of North America Racing Tires Market, By Application
8.4.3 Rest of North America Racing Tires Market, By Distribution Channel
Chapter 9. Company Profiles
9.1 Bridgestone Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Continental AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Michelin
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 SWOT Analysis
9.4 Hankook Tire & Technology
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.4.2 Acquisition and Mergers:
9.4.5 SWOT Analysis
9.5 Pirelli & C. S.p.A.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 The Goodyear Tire & Rubber Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 The Yokohama Rubber Co., Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.5 SWOT Analysis
9.8 Zhongce Rubber Group Co., Limited
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Nexen Tire
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 SWOT Analysis
9.10. Maxxis International–USA (Cheng Shin Rubber Industry Co.)
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 North America Racing Tires Market, 2019 - 2022, USD Million
TABLE 2 North America Racing Tires Market, 2023 - 2030, USD Million
TABLE 3 North America Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 4 North America Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 5 North America Racing Slick Tires Market, By Country, 2019 - 2022, USD Million
TABLE 6 North America Racing Slick Tires Market, By Country, 2023 - 2030, USD Million
TABLE 7 North America Racing Treaded Tires Market, By Country, 2019 - 2022, USD Million
TABLE 8 North America Racing Treaded Tires Market, By Country, 2023 - 2030, USD Million
TABLE 9 North America Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 10 North America Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 11 North America Auto Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 12 North America Auto Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 13 North America Motorcycle Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Motorcycle Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 16 North America Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 17 North America Replacement Tires Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Replacement Tires Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America OEMs Market, By Country, 2019 - 2022, USD Million
TABLE 20 North America OEMs Market, By Country, 2023 - 2030, USD Million
TABLE 21 North America Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 23 US Racing Tires Market, 2019 - 2022, USD Million
TABLE 24 US Racing Tires Market, 2023 - 2030, USD Million
TABLE 25 US Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 26 US Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 27 US Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 28 US Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 29 US Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 30 US Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 31 Canada Racing Tires Market, 2019 - 2022, USD Million
TABLE 32 Canada Racing Tires Market, 2023 - 2030, USD Million
TABLE 33 Canada Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 34 Canada Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 35 Canada Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 36 Canada Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 37 Canada Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 38 Canada Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 39 Mexico Racing Tires Market, 2019 - 2022, USD Million
TABLE 40 Mexico Racing Tires Market, 2023 - 2030, USD Million
TABLE 41 Mexico Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 42 Mexico Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 43 Mexico Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 44 Mexico Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 45 Mexico Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 46 Mexico Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 47 Rest of North America Racing Tires Market, 2019 - 2022, USD Million
TABLE 48 Rest of North America Racing Tires Market, 2023 - 2030, USD Million
TABLE 49 Rest of North America Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 50 Rest of North America Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 51 Rest of North America Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 52 Rest of North America Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 53 Rest of North America Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 54 Rest of North America Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 55 Key Information – Bridgestone Corporation
TABLE 56 Key Information – Continental AG
TABLE 57 Key Information – Michelin
TABLE 58 Key Information – Hankook Tire & Technology
TABLE 59 Key Information – Pirelli & C. S.p.A.
TABLE 60 Key Information – The Goodyear Tire & Rubber Company
TABLE 61 Key Information – The Yokohama Rubber Co., Ltd.
TABLE 62 Key Information – Zhongce Rubber Group Co., Limited
TABLE 63 Key Information – Nexen Tire
TABLE 64 Key Information – Maxxis International–USA
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Racing Tires Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Racing Tires Market
FIG 4 Porter’s Five Forces Analysis – Racing Tires Market
FIG 5 North America Racing Tires Market share, By Tire Type, 2022
FIG 6 North America Racing Tires Market share, By Tire Type, 2030
FIG 7 North America Racing Tires Market, By Tire Type, 2019 - 2030, USD Million
FIG 8 North America Racing Tires Market share, By Application, 2022
FIG 9 North America Racing Tires Market share, By Application, 2030
FIG 10 North America Racing Tires Market, By Application, 2019 - 2030, USD Million
FIG 11 North America Racing Tires Market share, By Distribution Channel, 2022
FIG 12 North America Racing Tires Market share, By Distribution Channel, 2030
FIG 13 North America Racing Tires Market, By Distribution Channel, 2019 - 2030, USD Million
FIG 14 North America Racing Tires Market share, By Country, 2022
FIG 15 North America Racing Tires Market share, By Country, 2030
FIG 16 North America Racing Tires Market, By Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Bridgestone Corporation
FIG 18 Recent strategies and developments: Continental AG
FIG 19 SWOT Analysis: Continental AG
FIG 20 SWOT Analysis: Michelin
FIG 21 Recent strategies and developments: Hankook Tire & Technology
FIG 22 SWOT Analysis: Hankook Tire & Technology
FIG 23 Recent strategies and developments: Pirelli & C. S.p.A.
FIG 24 SWOT Analysis: Pirelli & C. S.p.A.
FIG 25 SWOT Analysis: The Goodyear Tire & Rubber Company
FIG 26 SWOT Analysis: The Yokohama Rubber Co., Ltd.
FIG 27 SWOT Analysis: Zhongce Rubber Group Co., Limited
FIG 28 SWOT Analysis: Nexen Tire
FIG 29 SWOT Analysis: Maxxis International USA