The U.S. Tire Manufacturers Association (USTMA) is projecting tire shipments in 2022 will surpass the record-setting numbers recorded in 2021. Overall, the group expects 5.1 million more tires will be shipped this year.
And while replacement passenger tire and replacement truck tire shipments are both expected to increase, the USTMA is predicting a slight dip in replacement light truck tire numbers.
The USTMA expects original equipment figures to rebound in all three categories.
2022 Forecast | 2021 | % Change | Unit Change | |
Original equipment | ||||
Passenger | 39.8 | 37.4 | 6.2% | 2.3 |
Light truck | 5.9 | 5.6 | 4.4% | 0.2 |
Truck | 6.3 | 5.9 | 6.3% | 0.4 |
Replacement | ||||
Passenger | 226.8 | 224.8 | 0.9% | 2.0 |
Light truck | 38.5 | 38.6 | -0.3% | -0.1 |
Truck | 23.1 | 22.9 | 1.0% | 0.2 |
Total shipments | 340.2 | 335.2 | 1.5% | 5.1 |
*All shipments are in millions. Figures are rounded.