USTMA NOVEMBER FORECAST SHOWS TIRE SHIPMENTS EXPECTED TO INCREASE IN 2021, INDICATING CONTINUED REBOUND FOR U.S. TIRE MARKET
WASHINGTON, Dec. 1, 2021—The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments will increase to 336.0 million units in 2021, compared to 303.2 million units in 2020 and 332.7 million units in 2019.
Original Equipment (OE) tire shipments for passenger, light truck and truck tires are expected to increase by 1.0%, 4.6% and 23.3%, respectively, with a total increase of 1.7 million units, compared to 2020. Replacement shipments for passenger, light truck and truck tires are also projected to increase by 10.9%, 16.8% and 18.1%, respectively, with a total increase of 31.1 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 at www.ustires.org.
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The U.S. Tire Manufacturers Association is the national trade association for tire manufacturers that produce tires in the U.S. Our 12 member companies operate 57 tire-related manufacturing facilities in 17 states and generate more than $27 billion in annual sales. We directly support more than a quarter million U.S. jobs – totaling almost $20 billion in wages. USTMA advances a sustainable tire manufacturing industry through thought leadership and a commitment to science‐based public policy advocacy. Our member company tires make mobility possible. USTMA members are committed to continuous improvement of the performance of our products, worker and consumer safety and environmental stewardship. For more information, visit www.USTires.org and follow us on Twitter @USTires.