DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "U.S. Tire Market - Analysis And Forecast to 2020" report to their offering.
The U.S. leads the way in global imports of tires, accounting for an 18% share (based on USD). It was followed by Germany (9%) and France (5%). U.S. tire imports totaled 15,221 million USD in 2015, which was 352 million USD (2%) less than the year before.
The report provides an in-depth analysis of the U.S. tire (except retreading) market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
From 2007 to 2015, U.S. tire imports showed mixed dynamics. A significant drop in 2009 was followed by robust growth over the next three years, until imports leveled off through to 2015, with small fluctuations near 15 billion USD. In 2010, U.S. tire imports exceeded their pre-recession level of 2007.
Leading the global imports, the U.S. remains one of the most attractive destinations for overseas suppliers.
China was the main supplier of tires into the U.S., with a 22% share of total U.S. imports in 2015, based on USD. It was distantly followed by Canada (11%), Korea (10%), Japan (10%), and Thailand (8%). Imports from China displayed steady growth, but the decline of 2015 led to only a moderate average annual rate of +2.6% from 2007 to 2015.
Thailand and Korea were fast-growing suppliers (+16.6% per year and +7.5% per year, respectively), and Canada nearly returned to the outset level over the same period. From 2007 to 2015, Thailand and Korea strengthened their positions in the U.S. import structure by +4 percentage points and +1 percentage points, respectively, while the other major supplying countries saw their shares reduced.
From 2007 to 2015, the U.S. was a net importer of tires. Moreover, imports grew faster than exports on average over the period under review.
Net U.S. tire imports showed an upward trend over the period under review. In 2015, this industry ran a massive trade deficit of about 10 billion USD.
- Passenger car pneumatic tires (casings)
- Truck and bus (including off-the-highway) pneumatic tires
- Tractor and implement (farm and industrial) pneumatic tires
- Industrial and utility pneumatic tires (including garden)
- Other pneumatic tires and casing including motor bike, motorcycle, moped, bicycle, aircraft, and mobile home
- Solid and semipneumatic tires Inner tubes
- Tread rubber, tire sundries, and repair materials
- Tire manufacturing (except retreading)
- Michelin North America
- Bridgestone Americas
- The Goodyear Tire & Rubber Company
- Cooper Tire & Rubber Company
- Continental Tire The Americas
- Pirelli Rnc
- Technical Rubber Company
- Superior Tire & Rubber Corp.
- Trelleborg Wheel Systems Americas
- Specialty Tires of America
- Hankook Tire America Corporation
- Mitas Tires North America
- Pirelli Tire
- Brahler's Truckers Supply
- Continental Automotive
- Gpx International Tire Corporation
- Bridgestone Americas Tire Operations
- Oliver Rubber Company
- Titan Tire Corporation
- Michelin Corporation
- Toyo Tire North America Manufacturing
- Les Schwab Tire Centers of Oregon
- Toyo Tire Holdings of Americas
- US Test Company 316
- Yokohama Corporation of North America
- Continental Tire Holding US
Yokohama Tire Manufacturing Virginia
For more information about this report visit http://www.researchandmarkets.com/research/g59qk8/u_s_tire_market
Related Topics: Automotive Tires