USTMA JULY 2022 FORECAST PREDICTS ANOTHER RECORD YEAR FOR U.S. TIRE SHIPMENTS
WASHINGTON, August 1, 2022—The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 342.1 million units in 2022, compared to 335.2 million units in 2021 and 332.7 million units in 2019.
Compared with 2021, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 4.8%, 4.8%, and 7.8% respectively, with a total increase of 2.5 million units. Replacement passenger, light truck and truck tire shipments are also projected to increase by 0.9%, 2.3%, and 6.5% respectively, with a total increase of 4.4 million units.
|
|
2022 |
|
% |
Units |
|
% |
Units |
|
|
Forecast |
|
Vs 2021 |
Vs 2021 |
|
Vs 2019 |
Vs 2019 |
|
Original Equipment |
|||||||
|
Passenger |
39.2 |
37.4 |
4.8% |
1.8 |
46.3 |
-15.2% |
-7.0 |
|
Light Truck |
5.9 |
5.6 |
4.8% |
0.3 |
5.9 |
0.4% |
0.0 |
|
Truck |
6.4 |
5.9 |
7.8% |
0.5 |
6.5 |
-2.5% |
-0.2 |
|
Replacement |
|
|
|
|
|
|
|
|
Passenger |
226.8 |
224.8 |
0.9% |
2.1 |
222.6 |
1.9% |
4.2 |
|
Light Truck |
39.5 |
38.6 |
2.3% |
0.9 |
32.5 |
21.4% |
6.9 |
|
Truck |
24.3 |
22.9 |
6.5% |
1.5 |
18.9 |
28.5% |
5.4 |
|
|
|
|
|
|
|
|
|
|
Total Shipments |
342.1 |
335.2
|
2.1% |
7.0 |
332.7 |
2.8% |
9.4 |
Note: All shipments in millions. Figures are rounded.
Detailed 2021 data can be found in the USTMA’s annual Factbook, which can be purchased from the Publications section www.ustires.org.
# # #
The U.S. Tire Manufacturers Association is the national trade association for tire manufacturers that produce tires in the U.S. With 57 facilities in 17 states across the country, U.S. tire manufacturing has an annual economic footprint of $170.6 billion dollars and is responsible for more than 291,000 U.S. jobs in manufacturing, distribution, and retailing. The industry supports more than 510,000 additional U.S. jobs in supplier and induced activities, totaling more than 801,000 jobs nationwide. USTMA advances a sustainable tire manufacturing industry through thought leadership and a commitment to science‐based public policy advocacy. USTMA members are committed to continuous improvement of the performance of our products, worker and consumer safety and environmental stewardship. Our member companies make mobility possible. For more information, visit www.USTires.org and follow us on Twitter @USTires.
