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 Locations Chapter
The US Tire Manufacturing industry is primarily concentrated in the Great Lakes and Southeast regions. IBISWorld estimates these two regions account for 50.0% of industry establishments.
The Southeast region accounts for 35.2% of industry establishments, with Florida and North Carolina accounting for 5.6% and 5.4%, respectively. Tire manufacturers in this region have positioned themselves close to Asian auto manufacturers, such as Toyota and Nissan. Auto manufacturers originally chose the location to avoid the union costs of the Great Lakes region.
The Great Lakes region accounts for 14.8% of industry establishments. Ohio accounts for 4.9% of all the industry establishments... purchase to read more