AUTOMOTIVE
Tire and Rubber
World's Most Productive Companies
Adapting Tire Technology for an Electrifying Market
Companies in this Peer Group engineer and manufacture tires for passenger, commercial, off-road, and specialty vehicles. They compete intensely for OEM programs and in the aftermarkets. They share trends in sustainability, automation, and adapting tire technology for electric vehicles (EVs) while navigating volatile raw material costs and supply chain issues.
Since 2019, the productivity of this peer group has been challenged by increased manufacturing complexity for specialized tires, operational disruptions caused by pandemic-era supply chain issues, and inconsistent production schedules due to volatility in raw materials and labor.
Top 100 World's Most Productive Companies - Tire and Rubber
Productivity Snapshot
The tire manufacturers observed a similar productivity trend to that of many other industries and peer groups: a surge in productivity from 2020 to 2023, followed by a regression to declining productivity in 2023 and 2024.
- Productivity for the sector declined overall by 2.4% over the last six years, unlike the Automotive sector more generally, which grew by 12% overall. In fact, every other Automotive Peer Group had positive average productivity growth over the last six years.
- All of these companies had negative productivity growth in 2023 and 2024.
- The good news for the group is that productivity grew in 2024. Productivity grew by 2.2% on average across these companies. Five of the seven tire manufacturers increased productivity in 2024.
- Titan earned its position within the LNS 2025 World’s Most Productive Companies by growing productivity 1.1% over the last six years, while the majority of others regressed. In 2024 and over the next six years, Titan improved productivity through capital investments, process upgrades, acquisition integration (Carlstar), and product innovation (notably LSW), leveraging a diversified product set and a stronger aftermarket orientation to outperform many pure tire peers in throughput gains.
