Ƶ

Dec 10, 2024

USTMA’s November 2024 Forecast Predicts Higher 2024 Tire Shipment for U.S. Tire Market

The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 338.9 million units in 2024, compared to 331.9 million units in 2023 and 332.7 million units in 2019. This surpasses the previous record of 335.2 million units in 2021.

Compared with 2023, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to change by -2.6%, 14.6%, and -7.0% respectively, with a total decrease of 0.8 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by 1.4%, 5.8%, and 12.5% respectively, with a total increase of 7.8 million units.

2024  % Units % Units
Forecast 2023 Vs 2023 Vs 2023 2019 Vs 2019 Vs 2019
Original Equipment
Passenger 44.5 45.7 -2.6% -1.2 46.3 -3.8% -1.8
Light Truck 6.7 5.9 14.6% 0.9 5.9 14.3% 0.8
Truck 5.8 6.2 -7.0% -0.4 6.5 -11.3% -0.7
Replacement
Passenger 222.3 219.2 1.4% 3.2 222.6 -0.1% -0.2
Light Truck 36.3 34.3 5.8% 2.0 32.5 11.4% 3.7
Truck 23.4 20.8 12.5% 2.6 18.9 23.5% 4.4

Total Shipments 338.9 331.9 2.1% 7.0 332.7 1.9% 6.3

Note: All shipments in millions. Figures are rounded.

Source:

Ƶ

5409 Eglinton Ave W, Suite 208
Etobicoke, ON M9C 5K6