November Forecast Shows U.S. Tire Shipments Expected to Increase in 2019
December 4, 2019
The U.S. Tire Manufacturers Association (USTMA) projects 2019 U.S. tire shipments will increase to 333.1 million units compared to 330.4 million units in 2018. Original equipment (OE) passenger tire shipments are expected to decrease by 2.1 million units, while passenger tire replacement shipments are projected to increase by 6.4 million units compared to 2018. OE and replacement for light truck tires as well as OE truck tire shipments are expected to increase, while a decrease is projected for replacement truck tire shipments. In 2018, USTMA members (including affliate members) accounted for 79 percent of the 330 million passenger, light truck and truck tires.
USTMA 2019 Projected Tire Shipments (November Forecast)
| 2018 | 2019 Forecast | % Change | Units +/(-) | |
|---|---|---|---|---|
| Original Equipment Tires | ||||
| Passenger | 47.1 | 45.0 | -4.5 | -2.1 |
| Light Truck | 5.6 | 5.9 | 4.8 | 0.3 |
| Truck | 6.5 | 6.6 | 2.7 | 0.2 |
| Replacement Tires | ||||
| Passenger | 217.8 | 224.2 | 2.9 | 6.4 |
| Light Truck | 31.7 | 32.2 | 1.6 | 0.5 |
| Truck | 21.8 | 19.2 | -11.7 | -2.6 |
| Total Shipments | 330.4 | 333.1 | 0.8 | 2.7 |
Note: All shipments in millions. Figures are rounded.