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.
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.
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“U.S. Tire Market. Analysis And Forecast to 2020” provides an in-depth analysis of the U.S. tire 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.
Countries coverage: the U.S.
- Market size;
- Domestic production, value of shipments;
- Key market players and their profiles;
- Exports, imports and trade balance;
- Import and export prices;
- Forecast of the market dynamics in the medium term;
- Key industry statistics;
- Life cycle of the industry;
- Number of establishments and their locations;
- Employment data;
- Industry productivity.
Product coverage: 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 tiresInner tubes; Tread rubber, tire sundries, and repair materials; Tire manufacturing (except retreading), nsk, total
Companies mentioned: 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, Eurotire, Pirelli Tire, Brahler’s Truckers Supply, Continental Automotive, Gpx International Tire Corporation, Bridgestone Americas Tire Operations, Oliver Rubber Company, Titan Tire Corporation, Setco, 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
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TABLE OF CONTENTS
1.1 REPORT DESCRIPTION
1.2 REPORT STRUCTURE
1.3 RESEARCH METHODOLOGY
2. EXECUTIVE SUMMARY
2.1 KEY FINDINGS
2.2 MARKET TRENDS
3. MARKET OVERVIEW
3.1 MARKET VALUE
3.2 TRADE BALANCE
3.3 MARKET OPPORTUNITIES
3.4 MARKET FORECAST TO 2020
4. DOMESTIC PRODUCTION
4.1 PRODUCTION IN 2008-2015
4.2 PRODUCTION BY TYPE
4.3 PRODUCTION BY STATE
4.4 PRODUCER PRICES
5.1 IMPORTS IN 2007-2015
5.2 IMPORTS BY TYPE
5.3 IMPORTS BY COUNTRY
5.4 IMPORT PRICES BY COUNTRY
6.1 EXPORTS IN 2007-2015
6.2 EXPORTS BY TYPE
6.3 EXPORTS BY COUNTRY
6.4 EXPORT PRICES BY COUNTRY
7. COMPETITIVE LANDSCAPE
7.1 INDUSTRY SNAPSHOTS
7.2 INDUSTRY LIFE CYCLE
7.3 BUSINESS LOCATIONS
7.5 ANNUAL PAYROLL
7.6 INDUSTRY PRODUCTIVITY
7.7 ESTABLISHMENT SIZE AND LEGAL FORM
8. COMPANY PROFILES