2024 Tire Manufacturing Industry Research Report

Tire Manufacturing - Market Size and Industry Forecast

The 2024 Tire Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the tire manufacturing industry.

HistoricalForecasted
20192020202120222023202420252026202720282029
Market Size (Total Revenue)

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% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Tire Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Tire Manufacturing companies in the United States.

Tire Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesTire Manufacturing
Small Business (< 5 Employees)

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Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Tire Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Tire Manufacturing - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

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Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Tire Manufacturing - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)

Tire manufacturing, except retreading

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Passenger car pneumatic tires (casings)

Passenger car pneum. tires/casing intended Orig. Equip. Mfg. sale

Passenger car pneum. tires/casing intended for aftermarket sales

Truck and bus (including off-the-highway pneumatic tires)

Truck and bus (including off-the-highway) pneumatic tires

Truck/bus incl. off-highway pneum. tires for Orig. Equip Mfg sale

Truck/bus incl. off-highway pneum. tires for aftermarket sale

Tractor and implement (farm and industrial) pneumatic tires

Industrial and utility pneumatic tires (including garden)


Tire Manufacturing - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations4%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations7%
Installation, Maintenance, and Repair Occupations8%
Other Installation, Maintenance, and Repair Occupations5%
Production Occupations66%
Assemblers and Fabricators7%
Miscellaneous Assemblers and Fabricators7%
Assemblers and Fabricators, All Other, Including Team Assemblers7%
Metal Workers and Plastic Workers9%
Other Production Occupations45%
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders12%
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders12%
Miscellaneous Production Workers20%
Tire Builders15%

Government Contracts

In the past, the federal government spent an annual total of $43,193,153 on the tire manufacturing industry. It has awarded 3,533 contracts to 77 companies, with an average value of $560,950 per company.

Tire Manufacturing and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

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Tire Manufacturing Industry Report
GeographyUnited States  
Publication DateMarch 2024
Report FormatPDF Download  PDF
Price

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