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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 | Nov 2014

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

IBISWorld’s Tire Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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

The Tire Manufacturing industry is rolling its way to recovery. Revenue grew substantially in 2010 and 2011, as the release of pent-up demand for tires from the recession resulted in sales growth during the economic recovery, bringing several major players out of the red. The past five years have not been without challenges, however, as input price volatility forced some companies to close plants and offshore operations in an effort to save money. Still, the industry will continue to improve over the next five years, benefiting from the recovery of the auto industry as well as rising demand from consumers for tires that improve fuel efficiency... purchase to read more

Industry Report - Starting a New Business Chapter

There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent companies from entering the Tire Manufacturing industry. The major resource required to enter this industry is capital. The investment requirements for entry include significant capital purchases, including equipment to manufacture tires and related purchases. The steep price for the investment required might deter companies from entering the industry.

Manufacturers also need to seek distribution channels for their products, which can be quite difficult during an economic downturn. In a declining industry, it can be quite hard for new entrants to get access to the distribution channels created among a handful of major players... 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 tiresPassenger original equipment tiresLight-truck replacement tiresMedium- and heavy-truck replacement tires
 
Industry Activities
Pneumatic, semipneumatic and solid-rubber tireInner tubeMotor vehicle tireTire repair materialAircraft tire


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