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 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 68.7% of industry shipments in 2014, down from close to 76.9% of the industry in 2009. The recession had consumers demanding fewer replacement tires and, instead, driving more on the tires they already own. Still, replacement tires fared better than original equipment tires through the recession... purchase to read more