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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Analysis Chapter

The Tire Manufacturing industry is emerging from the depths of the tar pits. Pent-up replacement tire demand after the recession fueled significant growth, as consumers who held off on purchasing tires in the midst of the downturn returned to stores at accelerating rates. In addition, industry players have emerged from negative operating incomes quickly, as demand roared back to life. These tire manufacturers are also resolidifying their supply relationships with automakers. Since the recession, vehicle production has increased and vehicle sales have been growing at a remarkable pace. This trend has restored demand for new tires from automakers and is expected to help the industry grow 0.9% during 2014... 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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