The Tyre Manufacturing industry is in decline; revenue is set to drop at a compound annual rate of 4.1% over the five years through 2023-24 to £1.4 billion. Solid import competition, reduced export sales and a drop in manufacturing capacity have all taken sales away from UK manufacturers. Although there's been a slight uptick in the number of UK-registered motor vehicles recently, tyre manufacturers continue to struggle to grow their revenue.
Companies in this industry manufacture rubber tyres for vehicles, equipment, mobile machinery and aircraft, among other uses. Manufacturers also produce inner tubes for tyres. The rebuilding and retreading of tyres is also included in the industry. General tyre repair, fitting and replacement is excluded.
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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