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.


Industry Threats & Opportunities

  • Intense foreign competition, especially from China, has caused volatility in industry sales
  • Operators are expanding domestic production capacity in the wake of a revival in the automotive sector
  • Tough punitive tariffs on Chinese tire manufacturers have been a boon to the industry

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    Industry Analysis & Industry Trends

    Despite strong downstream demand, the Tire Manufacturing industry has contracted modestly over the past five years due mostly to the appreciating US dollar and the rise of foreign competition. Competition, particularly from China, has grown so acute, that the US government recently levied tariffs ranging from 17.7% to 81.3% against Chinese tires in an attempt to protect the industry. Industry performance is expected to improve over the next five years as the unemployment rate remains below 5.5% and consumer incomes rise...

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    Industry Report - Industry Analysis Chapter

    The Tire Manufacturing industry produces aircraft and motor vehicle tires, inner tubes and tire repair materials. Over the five years to 2016, mounting losses from intensifying foreign competition have outweighed increasing demand for new tires, cutting down total sales and contributing to the industry’s poor performance. As a result, IBISWorld estimates industry revenue to fall an annualized 0.7% to $19.6 billion over the period. Despite pressure from foreign operators, rising per capita incomes, an increase in the number of total vehicles miles driven and recently enacted punitive tariffs on Chinese tires have prevented industry revenue from falling more rapidly. These tariffs, combined with increased domestic demand for new tires, are expected to help industry revenue expand 4.0% i..

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    Additional Insights for the Tire Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tire Manufacturing Industry are

  • Managing raw material costs
  • Successful negotiation with labor unions
  • Aggressive marketing
  • IBISWorld analysts also discuss how external factors such as Demand from car and automobile manufacturing and Per capita disposable income in the Tire Manufacturing industry impact industry performance..

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    Industry Products

    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 vehicle tires
    Midsize- and heavy-truck tires
    Tractor and implement tires
    Other vehicle tires
    Industry Activities
    Pneumatic, semipneumatic and solid-rubber tire
    Inner tube
    Motor vehicle tire
    Tire repair material
    Aircraft tire

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from car and automobile manufacturing
  • Per capita disposable income
  • Total vehicle miles
  • Trade-weighted index

  • Current Performance
  • Changing market demands
  • Upstream volatility
  • Chart: Revenue Growth

  • Industry Outlook
  • Imports remain high, despite tariffs
  • Reshaping domestic markets
  • Table: Tire Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tire Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Tire Wholesaling
  • Tire Dealers

  • Key Selling Industries
  • Plastics & Rubber Machinery Manufacturing

  • Products & Services
  • Passenger vehicle tires
  • Midsize- and heavy-truck tires
  • Misc.
  • Other vehicle tires
  • Tractor and implement tires
  • Chart: Tire Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Domestic demand
  • Tariffs and foreign demand

  • Major Markets
  • Independent tire dealers
  • Exports
  • Mass merchandisers and warehouse clubs
  • Tire company stores
  • Auto dealerships
  • misc
  • Chart: Major Market Segmentation for the Tire Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesDepreciationWages and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tire Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tire Manufacturing Industry

  • Industry Globalization
    Major Companies
    Compagnie Generale des Etablissements MichelinBridgestone CorporationThe Goodyear Tire & Rubber CompanyCooper Tire & Rubber Company
  • Table: Compagnie Generale des Etablissements Michelin - financial performance
  • Table: Bridgestone Corporation - financial performance
  • Table: The Goodyear Tire & Rubber Company - financial performance
  • Table: Cooper Tire & Rubber Company - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tire Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Tire Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Domestic Tire Shipments (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    High-Performance (Hp) Tire
  • A tire that differs from standard tires by speed rating, tread style and handling characteristics, which are all usually more advanced.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Tread Act
  • An acronym for the Transportation Recall Enhancement, Accountability, and Documentation Act that requires manufacturers to label, test, recall and track tires according to regulation.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Tire Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tire Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tire Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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