The trade association representing manufacturers producing tyres in the USA, the U.S. Tire Manufacturers Association (USTMA), projects that its members will ship a total of 315.7 million tyres this year, compared to 303.2 million units in 2020 and 332.7 million units in 2019. This projected 4.1 per cent year-on-year increase in unit tyre shipments continues a positive trend seen in recent months – the USTMA reports that its members’ actual USA tyre shipments in 2020 turned out to be 4.9 million units, or 1.6 per cent, higher than the projected annual total it announced last November.
The November tyre shipments forecast by the US Tire Manufacturers Association (USTMA) has significantly upgraded its 2020 estimates. It projects a total of 298.3 million units by the end of 2020, nearly 19 million units more than the association predicted in July. The new forecast also takes more than a third off the July forecast’s deficit against the 332.7 million units shipped in 2019. The USTMA said the figures reflect “industry resilience in the face of unprecedented challenges posed by the Covid-19 pandemic.”
The U.S. Tire Manufacturers Association (USTMA) projects that tyre shipments in the USA will increase by one per cent to 319.8 million units this year. An additional 0.7 million original equipment passenger car tyres are expected to be shipped this year, a total of 45.9 million units and year-on-year growth of 1.5 per cent. Shipments of replacement market passenger car tyres were expected to be 1.5 million units higher this year, up 0.7 per cent to 211.2 million units.
According to the latest forecast by the Rubber Manufacturers Association (RMA), total shipments of tyres in the US will exceed 315 million units this year, 0.7 per cent higher than in 2015. Furthermore, the association anticipates that passenger car tyre shipments will exceed the previous record set in 2014.