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US Ultra High Performance (UHP) Tire Market Research Report Forecast to 2027


Product Code : Market Research FutureAT00122517
Survey : Market Research Future
Publish On : 31, August, 2022
Category : Automotive and Transportation
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4950 / Question Form
5 User USD6750 / Question Form
Enterprise User USD9000 / Question Form
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

[Report Description]

US Ultra High Performance (UHP) Tire Market Research Report Forecast to 2027
Market Overview
Increasing 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.
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.


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

LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET VALUE, BY VEHICLE TYPE, 2019–2027 (USD MILLION)
TABLE 3 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET VALUE, BY TIRE TYPE, 2019–2027 (USD MILLION)
TABLE 4 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET VALUE, BY PROPULSION TYPE, 2019–2027 (USD MILLION)
TABLE 5 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET VALUE, BY DEMAND CATEGORY, 2019–2027 (USD MILLION)
TABLE 6 PRODUCT LAUNCHES/ENHACEMENTS
TABLE 7 MERGERS & ACQUISITIONS
TABLE 8 CONTRACTS & AGREEMENTS
TABLE 9 MICHELIN: PRODUCTS OFFERED
TABLE 10 MICHELIN: KEY DEVELOPMENTS
TABLE 11 BRIDGESTONE CORPORATION: PRODUCTS OFFERED
TABLE 12 BRIDGESTONE CORPORATION: KEY DEVELOPMENTS
TABLE 13 THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCTS OFFERED
TABLE 14 THE GOODYEAR TIRE & RUBBER COMPANY: KEY DEVELOPMENTS
TABLE 15 CONTINENTAL AG: PRODUCTS OFFERED
TABLE 16 CONTINENTAL AG: KEY DEVELOPMENTS
TABLE 17 HANKOOK TIRE: PRODUCTS OFFERED
TABLE 18 HANKOOK TIRE: KEY DEVELOPMENTS
TABLE 19 TOYO TIRE CORPORATION: PRODUCTS OFFERED
TABLE 20 TOYO TIRE CORPORATION: KEY DEVELOPMENTS
TABLE 21 YOKOHAMA RUBBER CO., LTD: PRODUCTS OFFERED
TABLE 22 YOKOHAMA RUBBER CO., LTD: KEY DEVELOPMENTS
TABLE 23 PIRELLI: PRODUCTS OFFERED
TABLE 24 COOPER TIRE & RUBBER COMPANY: PRODUCTS OFFERED
TABLE 25 COOPER TIRE & RUBBER COMPANY: KEY DEVELOPMENTS
TABLE 26 KUMHO TIRE: PRODUCTS OFFERED
TABLE 27 KUMHO TIRE: KEY DEVELOPMENTS

LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET ANALYSIS, BY PROPULSION TYPE
FIGURE 3 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET ANALYSIS, BY DEMAND CATEGORY
FIGURE 4 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET ANALYSIS, BY TIRE TYPE
FIGURE 5 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET ANALYSIS, BY VEHICLE TYPE
FIGURE 6 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET: MARKET STRUCTURE
FIGURE 7 RESEARCH PROCESS OF MRFR
FIGURE 8 MARKET DYNAMICS: US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
FIGURE 9 DRIVER IMPACT ANALYSIS: US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
FIGURE 10 RESTRAINT IMPACT ANALYSIS: US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
FIGURE 11 PORTER’S FIVE FORCES ANALYSIS: US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
FIGURE 12 SUPPLY CHAIN ANALYSIS: US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
FIGURE 13 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY VEHICLE TYPE, 2020 (% SHARE)
FIGURE 14 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY TIRE TYPE, 2020 (% SHARE)
FIGURE 15 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY PROPULSION TYPE, 2020 (% SHARE)
FIGURE 16 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET, BY DEMAND CATEGORY, 2020 (% SHARE)
FIGURE 17 MAJOR GROWTH STRATEGY IN THE US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET
FIGURE 18 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET: COMPETITIVE BENCHMARKING
FIGURE 19 US ULTRA HIGH PERFORMANCE (UHP) TIRE MARKET SHARE ANALYSIS, 2020
FIGURE 20 MICHELIN: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 21 MICHELIN: SWOT ANALYSIS
FIGURE 22 BRIDGESTONE CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 23 BRIDGESTONE CORPORATION: SWOT ANALYSIS
FIGURE 24 THE GOODYEAR TIRE & RUBBER COMPANY: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 25 THE GOODYEAR TIRE & RUBBER COMPANY: SWOT ANALYSIS
FIGURE 26 CONTINENTAL AG: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 27 CONTINENTAL AG: SWOT ANALYSIS
FIGURE 28 HANKOOK TIRE: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 29 HANKOOK TIRE: SWOT ANALYSIS
FIGURE 30 TOYO TIRE CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 31 TOYO TIRE CORPORATION: SWOT ANALYSIS
FIGURE 32 YOKOHAMA RUBBER CO., LTD: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 33 YOKOHAMA RUBBER CO., LTD: SWOT ANALYSIS
FIGURE 34 PIRELLI: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 35 SWOT ANALYSIS
FIGURE 36 COOPER TIRE & RUBBER COMPANY: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 37 COOPER TIRE & RUBBER COMPANY: SWOT ANALYSIS
FIGURE 38 KUMHO TIRE: SWOT ANALYSIS

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