RMA Anticipates 8% US Market Growth in 2010
According to the Rubber Manufacturers Association, tyre shipments in the US this year are projected to increase by approximately eight per cent, a growth that will primarily take place due to a 38 per cent increase in original equipment passenger car tyre sales and a five per cent increase in replacement market passenger car tyre sales. The association estimates that a total of 282 million tyres will be shipped during the year, compared to 260 million last year. Thus the rebound in 2010 shipments will be roughly equal to 2008’s shipment level.