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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Investment Chapter

The Tire Manufacturing industry has a medium-high level of capital intensity. in 2016, for every dollar spent on wages, the average industry company will invest an estimated $0.30 in capital equipment, an increase from $0.21 in 2011. 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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