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U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights

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Apr 8, 2022

Thailand Drives Out China from U.S. Bus and Truck Tyre Market

IndexBox has just published a new report: 'U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2021, after two years of decline, there was significant growth in the U.S. truck and bus tyre market, when its value increased by 16% to $7.7B. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tyre Production in the U.S.

In 2021, after two years of decline, there was growth in production of tyres for buses or lorries, when its volume increased by 0.4% to 32M units. In general, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 18% y-o-y. Over the period under review, production hit record highs at 40M units in 2011; however, from 2012 to 2021, production stood at a somewhat lower figure.

In value terms, truck and bus tyre production amounted to $4.9B in 2021. Over the period under review, production, however, showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of 18% y-o-y. Truck and bus tyre production peaked at $5.9B in 2011; however, from 2012 to 2021, production failed to regain the momentum.

Tyre Exports from the U.S.

In 2021, after two years of decline, there was significant growth in overseas shipments of tyres for buses or lorries, when their volume increased by 8.9% to 11M units. Overall, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 15% y-o-y. As a result, exports attained the peak of 15M units. from 2015 to 2021, the growth exports failed to regain the momentum.

In value terms, truck and bus tyre exports skyrocketed to $1.7B in 2021. Over the period under review, exports, however, recorded a noticeable decrease. Over the period under review, exports attained the peak figure at $2.5B in 2014; however, from 2015 to 2021, exports stood at a somewhat lower figure.

Exports by Country

Canada (4.6M units), Mexico (3.5M units) and Germany (956K units) were the main destinations of truck and bus tyre exports from the U.S., with a combined 84% share of total exports.

In value terms, Mexico ($765M), Canada ($610M) and Germany ($101M) appeared to be the largest markets for truck and bus tyre exported from the U.S. worldwide, together comprising 87% of total supplies.

Among the main countries of destination, Germany (+12.9% per year) saw the highest rates of growth with regard to the value of exports, over the last decade, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average truck and bus tyre export price amounted to $157 per unit, surging by 13% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($216 per unit), while the average price for exports to Germany ($106 per unit) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced a decline.

Tyre Imports into the U.S.

In 2021, supplies from abroad of tyres for buses or lorries was finally on the rise to reach 51M units after two years of decline. Overall, total imports indicated a buoyant increase from 2011 to 2021: its volume increased at an average annual rate of +5.0% over the last decade. 

In value terms, truck and bus tyre imports skyrocketed to $5.3B in 2021. The total import value increased at an average annual rate of +2.5% from 2011 to 2021.

Imports by Country

In 2021, Thailand (14M units) constituted the largest supplier of truck and bus tyre to the U.S., accounting for a 28% share of total volume. Moreover, truck and bus tyre imports from Thailand exceeded the figures recorded by the second-largest supplier, Canada (6.1M units), twofold. The third position in this ranking was occupied by Vietnam (5.9M units), with a 12% share.

In value terms, the largest truck and bus tyre suppliers to the U.S. were Thailand ($1.5B), Canada ($862M) and Japan ($505M), with a combined 54% share of total imports. These countries were followed by Vietnam, South Korea, Mexico, China, Indonesia and Brazil, which together accounted for a further 29%.

U.S. tyre purchases from China dropped from $1.1B in 2011 to $0.2B in 2021, while imports from Thailand spiked from $0.4B to $1.5B over the same period. 

Import Prices by Country

The average truck and bus tyre import price stood at $104 per unit in 2021, leveling off at the previous year. Overall, the import price, however, saw a perceptible slump. Prices varied noticeably by the country of origin; the country with the highest price was Canada ($140 per unit), while the price for Indonesia ($69 per unit) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for truck and bus tyre in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
  • Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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