MTD Facts Issue: Truck Tire Market Took Left Turn

Jan. 30, 2024

The U.S. replacement medium truck tire market experienced the largest decrease in 2023.

The market ended the year at an estimated 20.2 million units.

“However, shipments were higher than in 2020, when MTD estimated that 18.5 million truck tire units were shipped, and 2019, when MTD estimated that 18.9 million units had been shipped,” writes MTD Editor Mike Manges in MTD’s 2024 Facts Issue.

Medium truck tire retread production was slightly up in 2023, according to MTD estimates, totaling around 15.8 million units versus 15.5 million units in 2022.

MTD’s 2024 Facts Issue features an in-depth look at the U.S. commercial tire market, starting on page 50. There you’ll find 2023 U.S. replacement medium truck tire brand share estimates, U.S. retreaded truck tire market share estimates and more.

MTD’s 2024 Facts Issue can be accessed here.