Tire Manufacturing - Market Size, Financial Statistics, Industry Trends
Industry Overview
This industry comprises establishments primarily engaged in manufacturing tires and inner tubes from natural and synthetic rubber and retreading or rebuilding tires. Cross-References. Establishments primarily engaged in--Source: U.S. Census Bureau
Tire Manufacturing Market Size
This report includes historical and forecasted market sizes and industry trends for Tire Manufacturing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Tire Manufacturing industry.| Historical | Forecasted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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| % Growth Rate | |||||||||||
| Number of Companies | |||||||||||
| Total Employees | |||||||||||
| Average Revenue per Company | |||||||||||
| Average Employees per Company | |||||||||||
Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Tire Manufacturing industry.
Geographic Breakdown by U.S. State
Tire Manufacturing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Tire Manufacturing companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Tire Manufacturing |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Tire Manufacturing company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| 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
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Tire Manufacturing industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|
|---|---|---|---|
Tire manufacturing, except retreading |
Included |
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Passenger car pneumatic tires (casings) |
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Passenger car pneum. tires/casing intended Orig. Equip. Mfg. sale |
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Passenger car pneum. tires/casing intended for aftermarket sales |
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Truck and bus (including off-the-highway pneumatic tires) |
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Truck and bus (including off-the-highway) pneumatic tires |
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Truck/bus incl. off-highway pneum. tires for Orig. Equip Mfg sale |
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Truck/bus incl. off-highway pneum. tires for aftermarket sale |
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Tractor and implement (farm and industrial) pneumatic tires |
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Industrial and utility pneumatic tires (including garden) |
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Compensation and Salary Surveys
Salary information for employees working in the Tire Manufacturing industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Office and Administrative Support Occupations | 7% | |||
| Installation, Maintenance, and Repair Occupations | 8% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 66% | |||
| Assemblers and Fabricators | 7% | |||
| Miscellaneous Assemblers and Fabricators | 7% | |||
| Assemblers and Fabricators, All Other, Including Team Assemblers | 7% | |||
| Metal Workers and Plastic Workers | 9% | |||
| Other Production Occupations | 45% | |||
| Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders | 12% | |||
| Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders | 12% | |||
| Miscellaneous Production Workers | 20% | |||
| Tire Builders | 15% | |||
Government Contracts
The federal government spent an annual total of $43,305,480 on the Tire Manufacturing industry. It has awarded 3,563 contracts to 81 companies, with an average value of $534,636 per company.Top Companies in Tire Manufacturing and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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