WASHINGTON — Aftermarket demand in the U.S. for tires will plateau in 2022 versus 2021, after posting double-digit increases last year over 2020, according to the U.S. Tire Manufacturers Association (USTMA) forecast.
Despite the forecast of marginal growth, aftermarket passenger and medium truck/bus tire shipments should set records, the USTMA said. Replacement market light truck tire shipments, on the other, are projected to fall slightly (0.3%).
Overall, the USTMA projects shipments in the three key areas it tracks (passenger, light truck and medium truck/bus) of 340.2 million units in 2022, up 1.5% over 2021 and 2.3% over 2019.
By contrast, shipments of original Equipment (OE) shipments for passenger, light truck and truck tires are expected to increase by 6.2%, 4.4%, and 6.3% respectively, the USTMA said, as U.S. vehicle production rebounds from a pandemic- and parts supply-affected down year in 2020.
The USTMA did not specific what factors it took into account in arriving at its forecast.
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