USTMA Projects 1.7 Million More Replacement Tire Shipments in 2018
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|
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.