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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 | Jun 2015

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

IBISWorld’s Tire Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 10-15
0.4%
Annual Growth 15-20
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Profit
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Employment
39,800
Businesses
67
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 Analysis Chapter

The Tire Manufacturing industry is emerging from the depths of the tar pits. Pent-up replacement tire demand fueled significant growth, as consumers that postponed purchasing tires amid the downturn returned to stores at accelerating rates. In addition, vehicle production has increased, indirectly benefiting upstream suppliers, such as tire manufacturers. However, the industry has faced rising competition from abroad, particularly from China. In recent years, Chinese imports have soared, putting downward pressure on domestic prices and inhibiting revenue growth. As a result, IBISWorld expects industry revenue to grow at an annualized rate of 0.4% to $18.1 billion over the five years to 2015... 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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