Demand or Innovation in American Construction Machinery Tires in 2012

According to the figures disclosed by the Construction Machinery Tire Industry Association in 2012, this year, construction machinery tires in the United States are expected to catch up to or exceed the 2007 shipment peak. However, if commodity housing construction recovers, there is a possibility that demand will further increase substantially. As the global, especially the BRIC countries (Brazil, Russia, India, and China) have increased their demand for commodities, especially steel, coal, and oil, the outlook for mining tires is optimistic. In the United States, mining tires account for 10% of the construction vehicle tires shipments, but they account for 51% of the market value of the construction machinery tire industry. Overall, this year's US construction machinery tire shipments are expected to reach or exceed 300,000 sets, and the proportion of original and replacement tires is roughly equivalent. In addition, due to the allocation of vehicles to overseas customers, the proportion of demand for the original tire will be slightly higher.

In contrast, US construction machinery tires accounted for 75% of shipments, but they accounted for only 30% of the value of construction machinery tires, so its demand outlook is weak because it is related to the housing construction industry to be revived. The recovery in demand for tires for the concrete industry will depend on the rebound in commercial real estate construction and the revival of road construction. In the past few years, the United States has invested billions of dollars in the production capacity of new construction machinery tires.