WASHINGTON—The U.S. Tire Manufacturers Association is forecasting marginal aftermarket shipment growth this year in passenger and light truck tires, while shipments of truck tires are expected to drop by 5.5 percent after two straight years of double-digit growth.
Replacement market shipments of passenger tires should rise 1 percent this year to 215.8 million units, following a 4.9-percent drop last year from 2021, the USTMA figures show. The 2023 shipment forecast falls 6.8 percent shy of the pre-COVID peak of 222.6 million units.
Aftermarket light truck tire shipments should increase 1.6 percent this year to 37.9 million units, after dropping 3.6 percent in 2022 from 2021. The 2023 shipments would be 16.3 percent higher than in 2019.