4 Aug 2021
USTMA increases 2021 outlook on "continued rebound" in the US tire market
Washington – The US Tire Manufacturers Association (USTMA) expects tire shipments to surpass the pre-Covid levels of 2019 this year as demand continues to recover.
Total US tire shipments are expected to reach 336.1 million units in 2021, up 11% compared to 303.2 million units in 2020 and 1% compared to 332.7 million units in 2019, USTMA announced 3 Aug.
The increase, said the association, indicates "continued rebound" for the US tire market.
Compared with 2020, original equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 9.9%, 6.2%, and 25.3% respectively, with a total increase of 5.2 million units.
Replacement shipments for passenger, light truck and truck tires are also projected to increase by 10.1%, 13.2%, and 14.6% respectively, with a total increase of 27.7 million units.
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