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USTMA Predicts Growth in Replacement Tire Market for 2020

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USTMA Predicts Growth in Replacement Tire Market for 2020

Shipments of replacement tires in every category — passenger, light truck and medium truck — are expected to increase in 2020, according to the latest projections by the U.S. Tire Manufacturers Association.

Overall shipments — including both replacement and original equipment tires — are expected to go up slightly, by 0.1%, from 332.7 million tires in 2019 to 333.2 million in 2020. But it looks like the OE market is facing another tough year, especially in truck tires.

OE 2019 2020 Forecast % Change Units
Passenger 46.3 46.0 -0.6% -0.3
Light truck 5.9 5.9 1.0% 0.1
Truck 6.5 5.9 -9.4% -0.6
         
Replacement        
Passenger 222.6 223.4 0.4% 0.8
Light truck 32.5 32.7 0.3% 0.1
Truck 18.9 19.3 2.1% 0.4
         
Total 332.7 333.2 0.1% 0.5

Note: All shipments are in millions

For more information, visit www.ustires.org.

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