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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.