Tire Manufacturing in the US
Despite strong downstream demand, the Tire Manufacturing industry has contracted over the five years to 2019 due to the appreciation US dollar, falling demand from automobile manufacturers and a rise in foreign competition. Operators in this industry manufacture motor vehicle and aircraft tires, inner tubes and tire repair materials. In an effort to protect the industry from lower-cost tire imports, the US government levied tariffs against imported Chinese truck and bus tires, including countervailing duties and antidumping duties effective starting February 2019. Over the five years to 2024, industry revenue is projected to increase, partially due to the imposition of tariffs on Chinese produced truck and bus tires. Moreover, an anticipated depreciation of the US dollar will act as a driver for domestic producers' competitive edge. Additionally, new car sales are expected to rebound over the next five years, driving up demand for tires from car makers.
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.