TIRE SHIPMENTS EXPECTED TO INCREASE IN USTMA 2021 JULY FORECAST, INDICATING CONTINUED REBOUND FOR U.S. TIRE MARKET
WASHINGTON, August 3, 2021—The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 336.1 million units in 2021, compared to 303.2 million units in 2020 and 332.7 million units in 2019.
Comparing with 2020, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 9.9%, 6.2%, and 25.3% respectively, with a total increase of 5.2 million units. Replacement shipments for passenger, light truck and truck tires are also projected to increase by 10.1%, 13.2%, and 14.6% respectively, with a total increase of 27.7 million units.
Note: All shipments in millions. Figures are rounded.
Detailed 2020 data can be found in the USTMA’s annual Factbook, which can be purchased from the Publications section www.ustires.org. Febrary forecast data can be found here.