The U.S. Tire Manufacturers Association (USTMA) projects a slight increase in overall tire shipments for 2023, with year-over-year gains in passenger and light truck tires in both the replacement and original equipment channels.
Overall, USTMA expects tire shipments to total 334.2 million units, up from 332 million units in 2022, and 332.7 million units in 2019.
2023 Forecast | 2022 Total | Percent Change | |
OE | |||
| Passenger | 42.6 | 41.6 | 2.3% |
| Light Truck | 6.4 | 6.3 | 1.3% |
| Truck | 6.4 | 6.5 | -0.6% |
| Replacement | |||
| Passenger | 215.8 | 213.7 | 1.0% |
| Light Truck | 37.9 | 37.2 | 1.6% |
| Truck | 25.2 | 26.6 | -5.5% |
| Total Shipments | 334.2 | 332.0 | 0.7% |
Shipments are rounded, and in millions.
Total OE shipments are predicted to increase by 1 million units, while overall replacement tire volumes are on track to increase by 1.2 million units.
