Rubber meets the road: Offshoring will continue to limit growth, despite pent-up demand for tires
The Tire Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Industry Analysis & Industry Trends
The Tire Manufacturing industry has traversed rocky roads over the five years to 2016. Volatile rubber prices, coupled with pressure from competitively priced imports, are anticipated to cause industry revenue to decline. Many companies are outsourcing their tire production to countries with lower labour costs, limiting domestic production. Moreover, research and development advancements have slowed over the past decade and smaller players that do not benefit from economies of scale have consequently lost their competitive advantage and been forced to exit the industry. Demand for tires is anticipated to improve over the next five years as consumer incomes rise and the economy gradually continues to strengthen... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tire Manufacturing industry carries a moderate level of market share concentration. Tire manufacturers produce tires for all types of vehicles, and the concentration among various market segments is quite similar. The expected market concentration of the overall industry has increased as smaller players that do not benefit from economies of scale and increased automation have been forced to exit the industry.
The industry is in the declining stage of its life cycle because a number of players in the industry are outsourcing production to low-cost countries... purchase to read more
What is the Tire Manufacturing Industry?
This industry is primarily engaged in manufacturing tires and inner tubes from natural and synthetic rubber. The finished products are then sold to motor vehicle manufacturers and tire wholesalers. Operators within this industry also retread tires.
Passenger replacement tiresLight truck replacement tiresOriginal equipment tiresMedium and heavy duty truck replacement tires
Pneumatic, semipneumatic and solid-rubber tireInner tubeMotor vehicle tireTire repair material