Global Tire Report
Tire makers large and small have budgeted more than $13 billion in the past year toward new factories and capacity expansions.
Mexico is now on its way to becoming one of the five largest tire-producing nations on earth.
The pace of importing light and medium-duty truck tires continued in the second quarter of 2024 at a 20-percent-plus rate over the same period a year ago.
In the weeks ahead, Rubber News will post the full list of the globe's top 75 tire makers of 2024. In the meantime, here's what you need to know about the world's top 5.
The U.S. tire industry contributes nearly $171 billion in economic output annually, equal to about 0.8 percent of the nation's gross domestic product.
After a run of a few lean years in terms of capacity expansion investments, tire makers around the world loosened the purse strings a bit, committing more than $6.5 billion toward capital expenditures.
From year to year, there is little change at the top of the Global Tire Ranking. But as you dig deeper, there's a little more volatility, including the debut of four companies.
The South Korea-based tire maker is making moves designed to meet one clear objective: Become a Top 5 global tire maker by 2030.
With a few notable exceptions, major players in the global tire industry enjoyed growth in sales and earnings in fiscal 2022, leaving the top of the 2023 ranking of this year's Global Tire Report very familiar.
Our sister publication Tire Business has published the Top 75 ranking of global tire makers. Rubber News will have the full ranking available in the data store in the coming days, but until then, here's what you need to know about the top five companies.
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