U.S. Tire Shipments Inch Higher in 2019
The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018.
The USTMA expects nearly 3% more replacement tires will be shipped in 2019 than in 2018.
Photo: Goodyear
The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018.
The latest projection is up from the 332.9 million units for 2019 which the USTMA forecast in July.
Original equipment (OE) passenger tire shipments are expected to decrease by 2.1 million units, while passenger tire replacement shipments are projected to increase by 6.4 million units compared to 2018.
OE and replacement for light truck tires as well as OE truck tire shipments are expected to increase, while a decrease is projected for replacement truck tire shipments.
USTMA 2019 Projected Tire Shipments (November Forecast)
2018 | 2019 Forecast | % Change | Units +/(-) | |
Original Equipment | ||||
Passenger | 47.1 | 45.0 | (-4.5) | (-2.1) |
Light Truck | 5.6 | 5.9 | 4.8 | 0.3 |
Truck | 6.5 | 6.6 | 2.7 | 0.2 |
Replacement | ||||
Passenger | 217.8 | 224.2 | 2.9 | 6.4 |
Light Truck | 31.7 | 32.2 | 1.6 | 0.5 |
Truck | 21.8 | 19.2 | (-11.7) | (-2.6) |
Total Shipments | 333.04 | 333.1 | 0.8 | 2.7 |
Note: All shipments in millions. Figures are rounded.
State of the Commercial Truck Tire Industry in 2019
In 2018, USTMA says its members (including affiliate members) accounted for 79% of the 330 million passenger, light truck, and truck tires.
Editor's Note: Article originally posted on Modern Tire Dealer.
Originally posted on Work Truck Online
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