US Ultra High Performance Tire Market Research Report Forecast to 2027

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In 2020, the ICE segment accounted for the largest market share of 97.8%, with a market value of USD 4,943.6 million. The US Ultra High Performance Tire market is projected to register a 6.11% CAGR during the projected timeframe.

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US Ultra High Performance Tire Market Research Report Forecast to 2027

Market Overview
US Ultra High Performance TireIncreasing demand for fuel-efficient tires and increasing popularity of motorsport will spur market growth. The US ultra-high performance (UHP) tire market has been segmented based on propulsion type, demand category, tire type, and vehicle type.

Ultra-high performance (UHP) tires are tires designed for driving enthusiasts who want to make the most of their luxury or sport vehicles by offering optimized handling capabilities. Ultra-high performance (UHP) tires are meant to handle a greater horsepower, enhance high-performance driving, and hand out sporty, responsive drive with outstanding traction levels.

The distinguishing characteristic of an ultra-high-performance tire is its superior competency in the most demanding of situations. An ultra-high-performance tire is denoted by a max speed rating of 149 mph or more.

Market Segmentation
Based on propulsion type, the US market has been segmented into ICE and electric vehicle. In 2020, the ICE segment accounted for the largest market share of 97.8%, with a market value of USD 4,943.6 million. It is projected to register a 6.11% CAGR during the projected timeframe.

Based on the demand category, the US market has been segmented into replacement and OEM. In 2020, the replacement segment accounted for the largest market share of 87.1%, with a market value of USD 4,402.4 million. It is projected to register a 5.83% CAGR over the forecast period.

Based on tire type, the US market has been segmented into summer, all season, and winter. In 2020, the all-season segment accounted for the largest market share of 43.3%, with a market value of USD 2,188.7 million. It is projected to register a 7.13% CAGR during the projected timeframe.

Based on vehicle type, the US market has been segmented into sports cars, SUV/MUV, and light trucks. In 2020, the sports car segment accounted for a considerable market share of 57.8%, with a market value of USD 2,921.7 million. It is projected to register a 5.60% CAGR over the forecast period.

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Major Players
There are several players operating in the US market such as Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire, Toyo Tire Corporation, Yokohama Rubber Co., Ltd, Pirelli, Cooper Tire & Rubber Company, and Kumho Tire, among others.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY PROPULSION TYPE
1.1.2 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY DEMAND CATEGORY
1.1.3 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY TIRE TYPE
1.1.4 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY VEHICLE TYPE
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR FUEL-EFFICIENT TIRES
4.2.2 INCREASING POPULARITY OF MOTORSPORT
4.2.3 DRIVER IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 INCREASING RAW MATERIAL PRICES
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 INCREASING KEY STRATEGIES BY LEADING TIRE MANUFACTURERS
4.5 COVID-19 IMPACT ANALYSIS
4.5.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION
4.5.2.1 FORD
4.5.2.2 AMERICAN HONDA
4.5.2.3 FCA
4.5.2.4 KIA
4.5.2.5 VOLKSWAGEN
4.5.3 IMPACT ON ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
4.5.3.1 IMPACT ON SUPPLY CHAIN
4.5.3.2 CASH FLOW CONSTRAINTS
4.5.4 IMPACT ON WORLD TRADE
5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL
5.1.1 THREAT OF NEW ENTRANTS
5.1.2 BARGAINING POWER OF SUPPLIERS
5.1.3 THREAT OF SUBSTITUTES
5.1.4 BARGAINING POWER OF BUYERS
5.1.5 INTENSITY OF RIVALRY
5.2 SUPPLY CHAIN ANALYSIS
5.2.1 DESIGN & DEVELOPMENT
5.2.2 RAW MATERIAL SUPPLY
5.2.3 MANUFACTURE
5.2.4 DISTRIBUTION
5.2.5 END USE
5.3 CONSUMER BEHAVIOR ANALYSIS
5.3.1 FACTORS AFFECTING THE CONSUMER BEHAVIOR IN THE US
5.3.1.1 PRICING OF UHP
5.3.1.2 RISING INTEREST OF THE US CONSUMERS TOWARDS DRIVING PERFORMANCE
5.3.1.3 REPLACEMENT FREQUENCY
5.3.1.4 RISING SAFETY CONCERNS WITH MAXIMUM PERFORMANCE OF VEHICLE
5.3.1.5 TIRE ROAD-HAZARD INSURANCE
5.3.1.6 SUMMER VS. ALL-SEASON VS. WINTER UHP TIRE PREFERENCE
5.3.1.7 INCREASING OWNERSHIP OF PREMIUM VEHICLES AND LUXURY CARS
5.3.1.8 ADOPTION OF UHP TIRES IN RACING EVENTS
5.3.2 PENETRATION OPPORTUNITIES IN THE NON-LUXURY VEHICLE SEGMENT
5.3.3 FUTURE PROSPECTS IN THE US
5.3.4 UPCOMING TECHNOLOGIES
6 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY VEHICLE TYPE
6.1 INTRODUCTION
6.2 SPORTS CAR
6.3 SUV/MUV
6.4 LIGHT TRUCK
7 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY TIRE TYPE
7.1 INTRODUCTION
7.2 SUMMER
7.3 ALL SEASON
7.4 WINTER
8 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY PROPULSION TYPE
8.1 INTRODUCTION
8.2 INTERNAL COMBUSTION ENGINE (ICE) VEHICLE
8.3 ELECTRIC VEHICLE
9 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY DEMAND CATEGORY
9.1 INTRODUCTION
9.2 REPLACEMENT
9.3 OEM
10 COMPETITIVE LANDSCAPE
10.1 MAJOR GROWTH STRATEGY IN THE US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS
10.4 RECENT DEVELOPMENTS
10.4.1 PRODUCT LAUNCHES/ENHACEMENTS
10.4.2 MERGERS & ACQUISITIONS
10.4.3 CONTRACTS & AGREEMENTS
11 COMPANY PROFILE
11.1 MICHELIN
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 BRIDGESTONE CORPORATION
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 THE GOODYEAR TIRE & RUBBER COMPANY
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 CONTINENTAL AG
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 HANKOOK TIRE
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 TOYO TIRE CORPORATION
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 YOKOHAMA RUBBER CO., LTD
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 PIRELLI
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 SWOT ANALYSIS
11.8.5 KEY STRATEGIES
11.9 COOPER TIRE & RUBBER COMPANY
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGIES
11.10 KUMHO TIRE
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 SWOT ANALYSIS
11.10.6 KEY STRATEGIES
12 APPENDIX
12.1 DATA SOURCES

Companies Mentioned

Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire, Toyo Tire Corporation, Yokohama Rubber Co., Ltd, Pirelli, Cooper Tire & Rubber Company, and Kumho Tire, among others

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