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Tire Manufacturing in the US - Industry Market Research Report

  • August 2017
  • 38 pages
  • Ibisworld
Report ID: 198730

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Falling flat: Low unemployment rates and rising consumer incomes will lead to modest revenue growth

Abstract

Tire Manufacturing in the US

Despite strong downstream demand, the Tire Manufacturing industry has contracted moderately over the five years to 2017 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, are the main drivers of industry revenue. Over the five years to 2022, industry performance is expected to improve modestly, as the unemployment rate remains low and consumer incomes rise. As a growing portion of budget and environmentally conscious consumers place higher value on fuel efficiency, industry players will cater to changing consumer preferences by developing and selling fuel-efficient tires.


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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