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 market, as well as rising demand from consumers for tires that improve fuel efficiency... purchase to read more
Industry Report - Industry Products Chapter
The Tire Manufacturing industry produces replacement tires and tires produced by an original equipment manufacturer (OEM) for passenger vehicles and light to heavy trucks.
Passenger vehicle replacement tires
Passenger vehicle replacement tires are the industry's largest product segment, expected to account for 66.8% of industry shipments in 2016. The economic recovery prompted consumers to replace their existing tires, indirectly benefiting tire manufacturers. The improvement of the economy and stabilization of the automotive sector has enhanced original equipment tire revenue, slightly decreasing the share of revenue consumed by passenger vehicle replacement tires... purchase to read more