The demand for truck tire casings in 2011 was greater than supply. Still, retreaders produced 7% more truck tire retreads in 2011 than they did in 2010.
The 2012 Modern Tire Dealer Facts Issue analyzes both the new and retreaded truck tire markets in the United States. There were 17.3 million new tires shipped last year, compared to 15.3 million retreads produced.
Truck tire sales reached $7.2 billion. The domestic retreaded truck tire market, including casings, totaled $3.8 billion.
The average price of a retreaded truck tire, including the cost of the casing, was $247.55, compared to $416.18 for a new truck tire.
Until 2003, more retreaded truck tires were produced annually than new truck tires. At that point, their trend lines crossed. Since then, new truck tires have outnumbered retreads six of the last eight years.
To read more about the truck tire market in 2011, and to see the updated market share lists for both the replacement and retreaded truck tire segments, look for the January issue of MTD.
