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Tyre Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tyre Manufacturing Market Research Report | SIC C22.110 | Feb 2017

Spinning its wheels: Imports remain a threat to the industry, despite strong domestic demand

IBISWorld’s Tyre Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Cooper Tire & Rubber Co Europe Ltd Cooper Tire & Rubber Co Europe Ltd market share
Michelin Tyre Plc Michelin Tyre Plc market share
Pirelli UK Tyres Ltd Pirelli UK Tyres Ltd market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

The industry has contracted steadily during the past five years, despite stimulus from rising vehicle manufacturing activity and an anticipated increase in the number of motor vehicles registered in the United Kingdom during the period. However, strong import competition, dwindling export sales and reductions in manufacturing capacity challenged growth during the past five years. The projected fall in global rubber prices also dampened industry growth, as it forced operators to lower selling prices. Industry revenue is expected to decline at a compound annual rate of 4.7% over the five years through 2016-17.

During the current year, revenue is projected to decrease by 2.9% to £1.7 billion, primarily due to continued downward pressure on prices from low global rubber prices... purchase to read more

Industry Report - Starting a New Business Chapter

As with most manufacturing industries, tyre manufacturing involves a relatively high level of capital investment into factories and machinery, which can be quite prohibitive for any entrant. At the same time, a new player will require skilled labour, which can be difficult to source. Manufacturers also need staff that have industry-related knowledge concerning tyre regulation, which may act as another barrier to entry. Furthermore, high concentration in the industry means that new entrants will find it difficult to challenge incumbent firms like Michelin and Pirelli. Tyre retreading, on the other hand, has lower barriers to entry as the capital outlay is not as high.

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Industry ProductsRelated ReportsTable of Contents

What is the Tyre Manufacturing Industry?

Companies in this industry manufacture rubber tyres for vehicles, equipment, mobile machinery and aircraft, among other uses. Manufacturers also produce inner tubes for tyres. The rebuilding and retreading of tyres is also included in the industry. However, general tyre repair, fitting and replacement are excluded.

Industry Products
Rubber tyres for light vehiclesRubber tyres for commercial vehiclesRetreaded tyresRubber tyres for aircraftInner tubes and other productsSolid tyres
Industry Activities
Manufacturing pneumatic, solid or cushion tyresManufacturing inner tubes for tyresRetreading tyres

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