USTMA predicts lower tire shipments for U.S. market in 2203

Washington, DC – The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments of 325.4 million units in 2023, compared to 332.0 million units in 2022 and 332.7 million units in 2019.

Compared with 2022, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to change by 5.6%, -0.5%, and 0.0% respectively, with a total increase of 2.3 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by -1.5%, -3.6%, and -16.0% respectively, with a total decrease of 8.9 million units. Detailed 2022 data can be found in the USTMA’s annual Factbook, which can be purchased from the Publications section www.ustires.org.