This dossier about the tire market in the United States provides graphs and tables on tire manufacturing and consumers in the United States, and includes a ranking of the leading tire producers.
Table of ContentsOverviewSegmentsCompanies
1. Overview
Description: In 2021, the motor vehicle and parts dealers industry in the United States contributed approximately 216.6 billion U.S. dollars to U.S. economic growth. These values are chained dollars relative to 2012 as the baseline.
Description: In 2020, the U.S. tire manufacturing sector’s gross output came to almost 17 billion U.S. dollars. This represents a decrease of about 20 percent compared with the previous year when the sector’s output reached nearly 21 billion U.S. dollars.
Description: In 2020, the U.S. market for replacement tires was sized at around 40 billion U.S. dollars. At almost 26 billion U.S. dollars, passenger tires continued to be the largest segment in 2020, albeit about ten percent lower than in the previous year.
Description: In 2021, the auto industry in the United States produced approximately 9.17 million motor vehicles. The figures include passenger cars, light commercial vehicles, heavy trucks, as well as buses and coaches.
Description: In 2021, approximately 1.6 million automobiles were produced in the United States. Compared to that, China produced more than 21 million passenger cars in 2021.
Description: Sales of used light vehicles in the United States came to around 43.1 million units in 2021. The same year, approximately 15.3 million new light trucks and automobiles were sold here.
Description: Motor vehicles traveled about 3.2 trillion vehicle-miles on U.S. roads in 2021. That year, traffic volume increased by around 11 percent on the previous year’s level: 2.9 trillion vehicle-miles traveled.
Description: On average, motorists in the United States continue to hold on to their vehicles for a longer time. In 2020, the average age of light vehicles on U.S. roads stood at 11.9 years, up from 10.3 years in 2009.
Description: Thailand has become the largest U.S. trade partner for motor vehicle tires. The United States imported some 32.9 million passenger car tires, 40.1 million consumer tires, and 6.8 million medium truck tires from Thailand in 2021.
2. Segments
Description: This statistic illustrates the producer price index of tires in the United States from 2000 through 2020. This product category had an index of 149.2 in 2020. 1982 was used as the base year (1982=100).
Description: This statistic illustrates the U.S. producer price index of passenger car pneumatic tires from 2005 through 2020. This product category had an index of 153.9 in 2020. December 2003 was used as the base date.
Description: The pneumatic truck tire product category had an index of around 148.4 in 2020. The figure represents a significant increase from just over 100 in 2005, when the producer price index was very close to the index base year of 1982 (1982=100).
Description: In 2021, overall shipments of U.S. tires amounted to around 330 million units. The majority of tire units shipped in 2021 were replacement passenger tires with some 222 million units.
Description: In 2021, around 222 million passenger replacement tires were shipped in the United States. Bridgestone, Goodyear, and Michelin were ranked as the brands with the highest market share in this field.
Description: In 2021, almost 38 million original equipment passenger tires were shipped in the United States. In the same year, shipments of replacement U.S. passenger tires amounted to some 222 million units.
Description: Light truck tire shipments increased significantly in 2021 compared with the previous year. Some 38.1 million replacement light truck tires were shipped in the United States in 2021, while around 5.6 million original equipment light truck tires were shipped there.
Description: About 5.9 million original equipment and 22.9 million replacement truck tires were shipped in the United States in 2021. It is projected that shipments of both segments will increase in 2022, reaching 6.3 million units for original equipment truck tires and 23.1 million units replacement truck tires.
3. Companies
Description: Bridgestone Corporation was the world’s largest tire manufacturers in 2020, based on tire-related revenue. The Japanese multinational motor vehicle parts manufacturer generated over 27 billion U.S. dollars from its tire business in 2020.
Description: Goodyear was the top brand for replacement consumer tires in the United States in 2021. Goodyear held a market share of 11 percent in the passenger vehicle segment and 9.5 percent in the light truck segment.
Description: In terms of customer satisfaction for tire replacement, Les Schwab Tire Centers was ranked as the top tire retailer in the United States in 2020. Les Schwab Tire Centers was founded in Bend, Oregon and has established over 300 stores in western states. Customer satisfaction is scored on several key metrics, including fairness of charges and services quality.
Description: Bridgestone’s worldwide revenue reached around 3.25 trillion yen in its 2020 fiscal year. This represents an increase of about 20 percent compared with the previous fiscal year when the company generated revenue of almost 2.7 trillion yen.
Description: In the fiscal year of 2021, Goodyear generated around 17.5 billion U.S. dollars in revenue. This represented an increase of around 42 percent compared with the previous year. The company is counted among the leading tire manufacturers worldwide.
Description: Michelin’s worldwide revenue increased from around 20.5 billion euros in 2020 to approximately 23.8 billion euros in 2021, a rise of about 3.3 billion euros. The company’s dividend for the year jumped to 4.50 euros.
Description: In the 2020 fiscal year, Cooper generated around 2.5 billion U.S. dollars in revenue, a decline of over eight percent compared with the previous year. The Cooper Tire & Rubber Company is headquartered in Findlay, Ohio.
Source fromStatista
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