The U.S. Tire Manufacturers Association (USTMA) is projecting a slight increase in U.S. tire shipments in 2018, with improvements in both original equipment and replacement tires. Replacement passenger tire shipments are expected to increase by nearly 1 million units.

Overall, USTMA expects total shipments to increase from 316.7 million tires in 2017 to 319.1 million tires in 2018, with the additional 2.4 million tires reflecting a change of 0.8%.

Here's a look at how the numbers break down for the OE and replacement tire markets. Numbers are in millions of tires.

OE Tires 2017 2018 Forecast % Change Change in Units
Passenger 45.2 45.7 1% 0.4
Light truck 5.4 5.5 1.4% 0.1
Truck 5.4 5.6 3.7% 0.2
Replacement Tires        
Passenger 209.7 210.6 0.4% 0.9
Light truck 31.3 31.8 1.5% 0.5
Truck 19.7 20 1.7% 0.3
Total Shipments 316.7 319.1 0.8% 2.4

The USTMA notes this forecast was compiled prior to recent announcements regarding U.S. tariffs affectings sources of imported steel in tires

For more information from the USTMA, go to www.ustires.org.

0 Comments