NAICS 326211 - Tire Manufacturing (except Retreading)
This U.S. industry comprises establishments primarily engaged in manufacturing tires and inner tubes from natural and synthetic rubber.
Industry trends:
The Tire Manufacturing (except Retreading) industry, classified under NAICS 326211, is witnessing several qualitative trends influenced by technological advancements, environmental considerations, and shifting consumer preferences. One notable trend is the increased focus on sustainable and eco-friendly tire production. Manufacturers are investing in research to develop tires made from renewable materials and incorporating processes that reduce carbon footprints.
Technological innovation is another key trend, with the integration of sensors and smart tire technologies that provide real-time data on tire conditions, enhancing safety and performance. Additionally, the rise of electric vehicles (EVs) is reshaping tire design requirements, as EVs have different weight distributions and torque characteristics compared to traditional internal combustion engine vehicles.
In terms of market structure, there is a consolidation among key players aiming to achieve economies of scale and enhance their competitive edge through mergers and acquisitions. This trend is expected to continue in the near future, leading to a more concentrated market with a few dominant players.
Looking ahead, the demand for tires tailored to specific vehicle types, such as EVs and autonomous vehicles, is anticipated to grow. Furthermore, regulatory pressures for lower emissions and higher safety standards will likely drive innovation, pushing companies to develop advanced materials and more efficient manufacturing techniques. Overall, the industry is poised for a dynamic shift towards sustainability and technological integration.
This industry is comprised of:
Aircraft tire manufacturing
Camelback (i.e., retreading material) manufacturing
Inner tubes manufacturing
Motor vehicle tires manufacturing
Retreading materials, tire, manufacturing
Tire repair materials manufacturing
Tires (e.g., pneumatic, semi-pneumatic, solid rubber) manufacturing
Tread rubber (i.e., camelback) manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.