Market ReportsNewsrss1Tire Technology & Manufacturing

USTMA November forecast expects increase tire shipments for 2021

Washington, DC – The U.S. Tire Manufacturers Association (USTMA) projects total U.S. tire shipments will increase to 336.0 million units in 2021, compared to 303.2 million units in 2020 and 332.7 million units in 2019.

Original Equipment (OE) tire shipments for passenger, light truck and truck tires are expected to increase by 1.0%, 4.6% and 23.3%, respectively, with a total increase of 1.7 million units, compared to 2020. Replacement shipments for passenger, light truck and truck tires are also projected to increase by 10.9%, 16.8% and 18.1%, respectively, with a total increase of 31.1 million units.

 2021 Forecast2020% Vs 2020Units Vs 2020  2019% Vs 2019Units Vs 2019
Original Equipment        
Passenger37.637.21.0%0.446.3-18.8%-8.7
Light Truck5.65.44.6%0.25.9-4.3%-0.3
Truck5.84.723.3%1.16.5-10.6%-0.7
Replacement       
Passenger226.0203.810.9%22.1222.61.5%3.4
Light Truck38.432.916.8%5.532.518.2%5.9
Truck22.619.218.1%3.518.919.4%3.7
        
Total Shipments336.0303.2  10.8%32.8332.71.0%3.3

Note: All shipments in millions. Figures are rounded.

Detailed 2020 data can be found in the USTMA’s annual Factbook, which can be purchased from the Publications section at www.ustires.org.