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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 | Apr 2016

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
$18bn
Annual Growth 11-16
-2.9%
Annual Growth 16-21
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Profit
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Employment
49,991
Businesses
364
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 Key Buyers Chapter

The Tire Manufacturing industry has a moderate level of market share concentration, with the top four major companies together producing an estimated 63.6% of industry revenue in 2016. Market concentration fell from 70.0% in 2011. The bulk of this drop stems from the shrinking market share of the two American major players, Goodyear and Cooper Tire & Rubber. The reduction in market share of the American headquartered major players is primarily driven by the rise of inexpensive Chinese imports and the appreciating US dollar. Additionally, Michelin and Bridgestone also loss market share to cheaper import over the past five years, though their drop was not as pronounced as their American counterparts... 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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