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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

The Tire Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Industry Investment Chapter

Investment for ongoing operations in this industry is medium. For every dollar spent on wages, the average industry company will invest an estimated $0.23 in capital equipment. The technology needed for tire manufacturing is quite capital intensive and skilled labor is needed to carry out the production process. The recession caused many companies to cut back on capital expenditures and instead use less of the existing plants for production. This process also involved laying off workers, but companies mainly focused their efforts on using the existing plant capacity... 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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