Tire Manufacturing in the US
Despite strong downstream demand, the Tire Manufacturing industry has contracted over the five years to 2018 due primarily to the appreciating US dollar, falling global rubber prices and a rise in foreign competition. Operators within this industry manufacture motor vehicle and aircraft tires, inner tubes and tire repair materials. Therefore, demand from downstream markets, such as automobile manufacturers and tire retailers, is the main driver of industry revenue. Overall, industry revenue is expected to fall over the five years to 2018. Over the five years to 2023, industry performance is expected to improve modestly as unemployment remains well below 5.0% and consumer incomes continue to 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 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.
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