July 11, 2017

Tire Industry Showing Steady Growth for 2017

In 2017, the entire tire market indicates modest positive growth. According to the latest Rubber Manufactures Association (RMA) industry forecast, the 2017 U.S. tire market will have a small growth (0.4%) in specific areas such as car and medium truck/bus tires. The replacement market forecast is slightly better. The passenger tire replacement rate may increase 0.3% and the light truck may have 0.9% growth, but the aftermarket of truck/bus tire shipments may have about 1.4% decrease. The total shipments are expected to increase 319.8 million units. So, the tire industry has attained a level of market stability in recent years. […]