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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 2015

A winding road: Import penetration will cause industry revenue to fall

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
$19bn
Annual Growth 10-15
1.1%
Annual Growth 15-20
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Profit
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Employment
40,703
Businesses
70
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 - Industry Investment Chapter

Investment for ongoing operations in this industry is high. For every dollar spent on wages, the average industry company will invest an estimated $0.36 in capital equipment, an increase from $0.27 in 2010. The technology needed for tire manufacturing is quite capital intensive and skilled labor is needed to carry out the production process. With the recovery, many companies increased capital expenditures to meet the pent-up demand leftover from the recession. Additionally, in an attempt to cut costs attributed to wages, major companies continue to invest in quality capital to increase production efficiency. .. 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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