USTMA FEBRUARY 2022 FORECAST PREDICTS RECORD TIRE SHIPMENTS FOR U.S. TIRE MARKET
WASHINGTON, 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.
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.
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The U.S. Tire Manufacturers Association is the national trade association for tire manufacturers that produce tires in the U.S. Our 13 member companies operate 57 tire-related manufacturing facilities in 17 states and generate more than $27 billion in annual sales. We directly support more than a quarter million U.S. jobs – totaling almost $20 billion in wages. USTMA advances a sustainable tire manufacturing industry through thought leadership and a commitment to science‐based public policy advocacy. Our member company tires make mobility possible. USTMA members are committed to continuous improvement of the performance of our products, worker and consumer safety and environmental stewardship. For more information, visit www.USTires.org and follow us on Twitter @USTires.
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