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2025 U.S. Industry Statistics & Market Forecast - Tire Manufacturing
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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Tire Manufacturing industry include:- Increased focus on sustainability and eco-friendly materials
- Shift towards the production of low-emission and green tires
- Adoption of advanced manufacturing technologies (e.g., automation, AI, and robotics)
- Growing popularity of electric vehicles influencing tire designs
- Expansion of tire recycling and retreading practices
- Fluctuations in raw material costs, especially natural rubber and oil
- Stringent environmental regulations and standards globally
- Rise in demand for high-performance and specialty tires
- Emerging markets driving global demand growth
- Integration of smart tire technologies and IoT for enhanced safety and performance
- Impact of global trade policies and tariffs on supply chains
- Pressure from aftermarket sales and services
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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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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 Net Income | ||
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 Ratios | Industry 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). |
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| 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. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 6% | |||
| Installation, Maintenance, and Repair Occupations | 7% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 64% | |||
| Assemblers and Fabricators | 7% | |||
| Miscellaneous Assemblers and Fabricators | 7% | |||
| Metal Workers and Plastic Workers | 9% | |||
| Other Production Occupations | 43% | |||
| Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders | 12% | |||
| Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders | 12% | |||
| Miscellaneous Production Workers | 19% | |||
| Tire Builders | 13% | |||
| Transportation and Material Moving Occupations | 7% | |||
| Material Moving Workers | 6% | |||
Tire Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Tire Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Tire Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Tire Manufacturing industry. |
Source:
Latest Industry News
- Costco flags more than half a dozen items for recalls, including AC units that may get moldy - The retail chain is warning customers of several items being recalled because they may pose a hazard, including AC units that may grow mold. (07/08/2025)
- How Used Tires Are Turned into Rubber Drums for Motorbikes and Cars – Sustainable Manufacturing - Explore the process of making cush drive rubbers and rubber drums from used tires, an essential component for motor vehicles such as motorbikes and cars. The rubber drum serves as a cushion between the drum and gear, (07/08/2025)
- Tire particles flood freshwater with toxic microplastics - A new review reveals that tire wear particles are a major source of toxic microplastics polluting rivers, lakes, and freshwater ecosystems. (07/07/2025)
- Ralson Tire navigates tariffs, adds 2 U.S. warehouses - Ralson Tire North America has opened two East Coast distribution centers this year, one in New Jersey and one in Georgia. (07/07/2025)
- Tires: The plastic polluter you never thought about - Tire manufacturers Goodyear, Michelin, and Bridgestone all referred comment to The Tire Industry Project, an industry-backed research group that counts 11 major tire makers as members. (07/06/2025)
- Continental focuses on tires as it plans ContiTech sale - Continental AG, a renowned German automotive supplier, is undergoing a significant transformation. The company has announced plans to divest its ContiTech (07/02/2025)
- Employee killed at BF Goodrich plant in Alabama - "On June 22, an employee at the BF Goodrich Manufacturing Plant in Tuscaloosa was transported to DCH (Regional Medical Center) and then to UAB (Hospital) for life-threatening injuries," local authorities said. "The employee was exposed to high-voltage electricity and suffered severe injuries." (07/02/2025)
- USTMA Launches National Tire Safety Week - The U.S. Tire Manufacturers Association (USTMA) launched National Tire Safety Week 2025 on June 30, a public education campaign focused on Tire Safety Tips and driver safety awareness. The USTMA represents tire manufacturers that produce tires in the United States. (07/01/2025)
- USTMA appears before Congress for annual program - The USTMA is once again hosting its annual ambassador program, which aims to bring organization leaders to Capitol Hill to spotlight the sector's critical role in the U.S. economy. (06/27/2025)
- Free Tire and Air Pressure Checks From Discount Tire - If you haven't had your tires checked lately - now is the time. Discount Tire is celebrating National Tire Safety Week by offering complimentary tire safety checks nationwide. It will offer (06/24/2025)
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