2021 Tire Shipments Expected to Beat Pre-Pandemic Figures
August 3, 2021
The U.S. Tire Manufacturers Association expects total tire shipments in 2021 to exceed pre-pandemic levels, according to the group’s latest estimates. And the newest projections show a notable increase in every segment of the replacement tire market.
When Indy Tire Centers Inc. dba Best-One of Indy acquired two R&T Tire stores this spring, it was the latest evidence of the company’s growth. But just as important, it was another entry point into Indiana’s farming economy. “We’ve always provided ag and OTR and truck tire services, but as we expand out of the major metropolitan area of Indianapolis, it’s definitely an emphasis on ag,” says Scott McKenzie, vice president of commercial for Best-One of Indy.
Continental AG is "repositioning" itself within the industrial tire segment with three brands of products for a variety of applications and customers. The tires will be sold under the Continental, General and Barum brands.
McCarthy Tire Service Co. Inc. has divested of four retail tire locations in the last year. That may not seem noteworthy for a tire dealership so heavily focused on the commercial tire business. But President John McCarthy Jr. maintains retail tire service is a profitable and important part of the company’s strategy.
Mahansaria Tyres Private Ltd. (MTPL) is manufacturing agricultural and construction tires in India, and in a first step to build a distribution network in the U.S., the company has acquired the majority stake in Tyres International Inc. (TI), an Ohio-based wholesale tire distributor.
Michelin North America Inc. has unveiled its next generation mining tire for 250-ton rigid dump trucks – the Michelin XDR 250+. The tire offers an improved tire life over its predecessor, the tiremaker says.
Replacement consumer tire sales continue to drive Goodyear Tire & Rubber Co.'s recovery and rebound from COVID-19, with overall replacement tire volume increasing 14% in the first quarter, a number Goodyear says "significantly" exceeded the industry. The tiremaker recorded sales of $3.5 billion in the period, up 15% from a year ago, yet still shy of pre-pandemic results.
Continental Tire the Americas LLC is filling out its construction truck tire portfolio, adding two more sizes to the Conti HSC 3 steer/all-position tire, plus retreads to match the ContiTread HSC 3 and ContiTread HDC 3.
Retreaders endured an uneasy 2020, but they pushed forward with investments in facilities and technology as they remained focused on the future. Here's a look at the domestic retread tire market in 2021, and some of the people making things happen.