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Tire Manufacturing Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Tire Manufacturing


Overview: the U.S. Tire Manufacturing Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Tire Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Tire Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Tire Manufacturing (Except Retreading)

Truck And Bus (Including Off-The-Highway) Pneumatic Tires

Tractor And Implement (Farm And Industrial) Pneumatic Tires

Other Pneumatic Tires And Casing Including Motor Bike, Motorcycle, Moped, Bicycle, Aircraft, And Mobile Home

Solid And Semipneumatic Tires

Tire Manufacturing (Except Retreading), Not Categorized, Total

Rubber Compounds Or Mixtures For Sale Or Interplant Transfer

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Tire Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Tire Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Tire Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Tire Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Tire Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations 7%
Installation, Maintenance, and Repair Occupations 7%
Other Installation, Maintenance, and Repair Occupations 5%
Production Occupations 66%
Assemblers and Fabricators 9%
Miscellaneous Assemblers and Fabricators 9%
Team Assemblers 9%
Metal Workers and Plastic Workers 11%
Other Production Occupations 42%
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders 10%
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders 10%
Miscellaneous Production Workers 18%
Tire Builders 13%
Transportation and Material Moving Occupations 5%
Source: Bureau of Labor Statistics


Tire Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Rightpsi raises $1 million in funding. - 10/22/2014




  • Top Innovators

    CompanyInnovation Score
    Rightpsi

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Yokohama Tire names four new VPs - Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based Yokohama Rubber Co. Ltd., a global manufacturing and sales company of tires since 1917. Servicing an extensive sales network throughout the U.S., Yokohama ... (01/10/2018)
    • Tires: The Unfair Advantage - Both “streetable track & competition” tires, as the TireRack describes them, sacrifice tread life and wet-weather capability in exchange for quicker laps. Some manufacturers let buyers choose between either a track-oriented tire or a road-and-rain ... (01/10/2018)
    • Learn details of the truck-bus tires industry key manufacturers analysis report 2018-2025 - The report provides key statistics on the market status of the Truck-Bus Tires manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. - Agency -. Complete report on Truck-Bus Tires market ... (01/10/2018)
    • SCC, Michelin partner to offer manufacturing certificate training program - Anna Padaetz, the facility personnel manager for Michelin’s heavy-truck and commercial tire plant in Spartanburg, said the program will provide a unique path into the manufacturing world. "Michelin is offering to pay candidates for hands-on training ... (01/10/2018)
    • Lynn R. Blamires: Street legal UTVs bring changes in tire market - ... come standard with 27-inch tires for sport and trail models and 29-inch tires for high-performance products. Not knowing what the true end use of a machine will be, manufacturers deliver machines equipped with off-road tires. These tires generally ... (01/09/2018)
    • Apollo Celebrates Construction of 5th Tire Plant in India - Apollo Tyres Ltd. has set the cornerstone for a new tire manufacturing plant in Chinnapanduru village along the southeastern coast of India. It will be the company's fifth plant in the country. Shri N Chandrababu Naidu, honourable chief minister of the ... (01/09/2018)
    • Global Tire Bead Wire Market by Manufacturers, Types, Regions and Application Research Report Forecast to 2022 - (EMAILWIRE.COM, January 06, 2018 ) Global Tire Bead Wire Market report is replete with detailed analysis from a thorough research, especially on questions that border on market size, development environment, futuristic developments, operation situation ... (01/06/2018)
    • Inside Kenda Tires' American Technical Center - Kenda has been torturing themselves for 55 years, and is now one of the five largest bicycle tire manufacturers on the planet, with offices and factories in Europe, North America, and Asia, employing more than 10,000 people and cranking out over 800,000 ... (01/05/2018)
    • Kingsboro, NC Lands Triangle Tyre's First U.S. Manufacturing Plant - Triangle Tyre has selected Edgecombe County, NC for its first U.S. manufacturing facility. The Chinese tire manufacturing company will create 800 jobs and invest nearly $580 million at a 1,449-acre advanced manufacturing megasite site located in Kingsboro. (01/04/2018)


    Government Contracts

    In 2016, the federal government spent a total of $43,193,153 on Tire Manufacturing. It has awarded 3,533 contracts to 77 companies, with an average value of $560,950 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Retreading materials, tire, manufacturing, Camelback (i.e., retreading material) manufacturing, Inner tubes manufacturing, Motor vehicle tires manufacturing, Tire repair materials manufacturing, Tread rubber (i.e., camelback) manufacturing, Tires (e.g., pneumatic, semi-pneumatic, solid rubber) manufacturing, Aircraft tire manufacturing, etc.



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