Machinery / Industrial Parts & Tools

Recently, the U.S. Tire Manufacturers Association (U.S. Tire Manufacturers Association) released the latest market forecast report.

The report shows that in the past few months, demand in the U.S. tires (especially truck tires) market has accelerated.

USTMA believes that this may allow annual shipments to reach record levels.

It is expected that the demand for medium and heavy truck tires will show double-digit growth in the replacement market and the original equipment market.

Its total shipments are expected to be 336.1 million, a year-on-year increase of 10.9%.

USTMA did not give any explanation for the considerations of the latest forecast.

According to analysis, this forecast shows that compared with March, the overall demand for the tire market in the United States has increased by 6.5%.

Part of the reason is the recovery of the North American and European markets.

In particular, the demand for truck and bus tires is estimated to increase by nearly 12% from March.

Not long ago, the United States announced that it would impose tariffs on passenger car and light truck tires imported from South Korea, Thailand, Vietnam, and Taiwan.

Last year, tires in these regions accounted for more than one-third of the US replacement market shipments.

USTMA did not comment on the impact of this matter.

The forecast report is based on the comprehensive situation of its 13 tire manufacturer members.