USTMA July 2022 Forecast Predicts Another Record Year for U.S. Tire Shipments
August 1, 2022
The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 342.1 million units in 2022, compared to 335.2 million units in 2021 and 332.7 million units in 2019.
Compared with 2021, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 4.8%, 4.8%, and 7.8% respectively, with a total increase of 2.5 million units. Replacement passenger, light truck and truck tire shipments are also projected to increase by 0.9%, 2.3%, and 6.5% respectively, with a total increase of 4.4 million units.
| 2022 Forecast | 2021 | % Vs 2021 | Units Vs 2021 | 2019 | % Vs 2019 | Units Vs 2019 | |
|---|---|---|---|---|---|---|---|
| Original Equipment | |||||||
| Passenger | 39.2 | 37.4 | 4.8% | 1.8 | 46.3 | -15.2% | -7.0 |
| Light Truck | 5.9 | 5.6 | 4.8% | 0.3 | 5.9 | 0.4% | 0.0 |
| Truck | 6.4 | 5.9 | 7.8% | 0.5 | 6.5 | -2.5% | -0.2 |
| Replacement | |||||||
| Passenger | 226.8 | 224.8 | 0.9% | 2.1 | 222.6 | 1.9% | 4.2 |
| Light Truck | 39.5 | 38.6 | 2.3% | 0.9 | 32.5 | 21.4% | 6.9 |
| Truck | 24.3 | 22.9 | 6.5% | 1.5 | 18.9 | 28.5% | 5.4 |
| Total Shipments | 342.1 | 335.2 | 2.1% | 7.0 | 332.7 | 2.8% | 9.4 |
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 www.ustires.org.