USTMA February 2022 Forecast Predicts Record Tire Shipments for U.S. Tire Market
March 1, 2021
The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 340.2 million units in 2022, compared to 335.2 million units in 2021 and 332.7 million units in 2019.
Comparing with 2021, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 6.2%, 4.4%, and 6.3% respectively, with a total increase of 2.9 million units. Replacement passenger and truck tire shipments are projected to increase by 0.9% and 1.0% respectively, with light truck replacement shipments showing a minor decline at 0.3%. The total unit addition for replacement shipments is projected to be 2.2 million units.
| 2022 Forecast | 2021 | % Vs 2021 | Units Vs 2021 | 2019 | % Vs 2019 | Units Vs 2019 | |
|---|---|---|---|---|---|---|---|
| Original Equipment | |||||||
| Passenger | 39.8 | 37.4 | 6.2% | 2.3 | 46.3 | -14.1% | -6.5 |
| Light Truck | 5.9 | 5.6 | 4.4% | 0.2 | 5.9 | 0.0% | 0.0 |
| Truck | 6.3 | 5.9 | 6.3% | 0.4 | 6.5 | -3.8% | -0.2 |
| Replacement | |||||||
| Passenger | 226.8 | 224.8 | 0.9% | 2.0 | 222.6 | 1.9% | 4.3 |
| Light Truck | 38.5 | 38.6 | -0.3% | -0.1 | 32.5 | 18.3% | 5.9 |
| Truck | 23.1 | 22.9 | 1.0% | 0.2 | 18.9 | 21.9% | 4.1 |
| Total Shipments | 340.2 | 335.2 | 1.5% | 5.1 | 332.7 | 2.3% | 7.6 |
Note: All shipments in millions. Figures are rounded.
Detailed 2021 data can be found in the USTMA’s annual Factbook, which can be purchased from the Publications section https://www.ustires.org/publications.