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WASHINGTON, D.C., March 27, 2006 – Economic growth, a strong demand for off-the-road tires, and truck traffic volume will fuel a 2.8 percent increase in 2006 total tread rubber shipments, up from 1.9 percent growth in 2005, according to the Rubber Manufacturers Association’s Tread Rubber Market Analysis Committee (TRMAC).
Continued strength in construction, increases in the number of trucks, expansion in the manufacturing sector and positive freight trends are expected to sustain total growth through 2008 of 1.7 percent.
The 2006 forecast will mark the fourth consecutive year that shipments will increase, and represents a total of approximately 16.35 million retreaded tires in the United States.
Retreaded tires are used by commercial aviation, commercial trucks, school buses, and off-the-road vehicles such as industrial, agricultural and mining equipment.
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The Rubber Manufacturers Association is the national trade association for the rubber products industry. Its members include more than 100 companies that manufacture various rubber products, including tires, hoses, belts, seals, molded goods, and other finished rubber products. RMA members employ over 120,000 workers and account for more than $21 billion in annual sales.