USTMA: U.S. tire shipments to rebound in 2021
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WASHINGTON The U.S. Tire Manufacturers Association is projecting a rebound in U.S. tire shipments this year over 2020, although shipments still will fall 5 percent shy of the industry s 2019 performance.
The USTMA is forecasting a jump of 4.1 percent in overall shipments this year over 2020 to 315.7 million units, based largely on resurgent demand for passenger tires in both in the replacement and original equipment markets, which should grow 3.5 percent and 10.7 percent, respectively.
Shipment growth in these two categories represent nearly 90 percent of the overall growth projected by the USTMA, which represents 13 companies with tire manufacturing capacity in the U.S.
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