Global Industry Overview: Tires and Inner Tubes
Known in British usage as "tyres," this industry's output includes tires and inner tubes for all types of vehicles, aircraft, bicycles, motorcycles, and farm equipment.
Industry Snapshot
The United States tire manufacturing industry consisted of about 100 companies with combined annual revenue of close to US$15 billion annually as of 2010. In the late 2000s, the combined global tire and rubber industry was valued at US$70 billion. A mature industry, growth rates in most regions continued to be relatively small, with little possibility of a projected dramatic increase. Most large tire makers experienced...