The Rubber Manufacturers Association of America (RMA) recently predicted that US tire shipments in 2011 will increase by 3%, or about 8 million.
RMA said that due to high energy prices and economic uncertainties, the growth of passenger tire replacement market has slowed down. The growth rate has dropped from 6% last year to 2%, with shipments of about 203.5 million units; light truck tire replacement market shipments The volume grew by 4.4% last year and will remain at approximately 28.7 million this year. The heavy-duty replacement market saw double-digit growth in shipments last year, and this year it will grow by 5%, or around 800,000.
RMA also predicts that shipments in the passenger tire original market will increase by 12% to 36.9 million; light truck tire original market shipments will increase by 29.6% on last year; this year it will remain flat; It will increase by 30%.
RMA said that due to high energy prices and economic uncertainties, the growth of passenger tire replacement market has slowed down. The growth rate has dropped from 6% last year to 2%, with shipments of about 203.5 million units; light truck tire replacement market shipments The volume grew by 4.4% last year and will remain at approximately 28.7 million this year. The heavy-duty replacement market saw double-digit growth in shipments last year, and this year it will grow by 5%, or around 800,000.
RMA also predicts that shipments in the passenger tire original market will increase by 12% to 36.9 million; light truck tire original market shipments will increase by 29.6% on last year; this year it will remain flat; It will increase by 30%.
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