Tire Shipments Expected to Increase in 2020 February Forecast
March 3, 2020
The U.S. Tire Manufacturers Association (USTMA) projects 2020 U.S. tire shipments will increase to 333.2 million units compared to 332.7 million units in 2019. Original equipment (OE) passenger tire shipments are expected to decrease by 0.3 million units, while passenger tire replacement shipments are projected to increase by 0.8 million units compared to 2019. Original equipment and replacement light truck as well as replacement truck tire shipments are all expected to increase, while a decrease is projected for OE truck tires.
USTMA 2020 Projected Tire Shipments (February Forecast)
| 2019 | 2020 Forecast | % Change | Units+/(-) | |
|---|---|---|---|---|
| Original Equipment Tires | ||||
| Passenger | 46.3 | 46.0 | -0.6 | -0.3 |
| Light Truck | 5.9 | 5.9 | 1.0 | 0.1 |
| Truck | 6.5 | 5.9 | -9.4 | -0.6 |
| Replacement Tires | ||||
| Passenger | 222.6 | 223.4 | 0.4 | 0.8 |
| Light Truck | 32.5 | 32.7 | 0.3 | 0.1 |
| Truck | 18.9 | 19.3 | 2.1 | 0.4 |
| Total Shipments | 332.7 | 333.2 | 0.1 | 0.5 |
Note: All shipments in millions. Figures are rounded.