American Industry Overview: Tires and Inner Tubes
This category covers establishments primarily engaged in manufacturing pneumatic casings, inner tubes, and solid and cushion tires for all types of vehicles, airplanes, farm equipment, and children's vehicles; tiring; camelback; and tire repair and retreading materials.
Industry Snapshot
After years of intense price wars, consolidation, and layoffs, the tire and inner tube industry was highly concentrated. From a value of $80 billion worldwide in 2004 the industry plummeted to less than half that value in 2008. Bridgestone, Michelin, and Goodyear were the top three firms, controlling about two-thirds of the global market in...