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Tire Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tire Manufacturing Market Research Report | NAICS 32621 | Jul 2014

Rubber meets road: Pent-up tire demand will spur growth, but import threats loom

IBISWorld’s Tire Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 09-14
6.2%
Annual Growth 14-19
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Profit
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Employment
55,540
Businesses
424
Industry Analysis & Industry Trends

Over the next five years, the Tire Manufacturing industry will continue to recover, with pent-up demand for tires boosting sales growth. Fuel-efficient tires that cater to cost-conscious consumers will be popular among consumers and help drive industry sales. Firms will invest in creating tires that cater to this demand as fuel prices rise and environmental awareness grows. Nevertheless, overseas competition and demand will continue to threaten this industry's performance... purchase to read more

Industry Report - Industry Investment Chapter

Investment for ongoing operations in this industry is medium. For every dollar spent on wages, the average industry firm will invest roughly $0.23 in capital equipment. The technology needed for tire manufacturing is quite capital intensive and skilled labor is needed to carry out the production process. The recession caused many companies to cut back on capital expenditures and instead use less of the existing plants for production. This process also involved laying off workers, but companies mainly focused their efforts on using the existing plant capacity.

Many of the new types of tires that cater to the cost-conscious consumer do not require significant capital investment because manufacturers can build these tires on existing production lines with little added investment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tire Manufacturing Industry?

This industry manufactures aircraft and motor vehicle tires, inner tubes and tire repair materials. The finished products are then sold to aircraft and motor vehicle manufacturers and tire wholesalers. Operators within this industry do not retread tires.

Industry Products
Passenger replacement tiresLight truck replacement tiresPassenger original equipment tiresMedium and heavy truck replacement tires
 
Industry Activities
Pneumatic, semipneumatic and solid-rubber tireInner tubeMotor vehicle tireTire repair materialAircraft tire


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