Tire Dealers in the US - Industry Market Research Report

Tire Dealers in the US - Industry Market Research Report

  • December 2020 •
  • 52 pages •
  • Report ID: 167970 •
  • Format: PDF
Not tired yet: Steadier commodity prices will likely support industry revenue growth

Abstract

Tire Dealers in the US

The Tire Dealers industry exhibits a low level of market share concentration, with the four largest players, The Reinalt-Thomas Corporation, Sumitomo Corporation, Monro Inc. and Mavis Discount Tire Inc., accounting for an estimated 25.0% of industry revenue.

Key brands drive revenue growth

· The largest industry operators own the most popular and well-known Tire Dealer brands. The Reinalt-Thomas Corporation, the industry’s largest player, has some of the most popular brands in its catalog, including Discount Tire and America’s Tire. Sumitomo Corporaion, the second-largest industry operator, similarly owns several popular brands, Tire Kingdom, Big O Tires, NTB and Merchant’s Tire & Auto Centers.

Major companies expand market share through acquisitions

· Over the five years to 2019, large industry operators have further secured their status by completing acquisitions and opening new stores. Most notable, The Reinalt-Thomas Corporation now operates 1,000 tire dealerships spread across 34 states under the name Discount Tire Direct. As a result, The Reinalt-Thomas Corporation has experienced revenue growth which has outpaced that of the overall industry.

Price points and brand recognition drive internal competition
· The Tire Dealers industry is highly competitive; operators’ products and services are often considered identical and there are many alternatives. Tire dealers compete among one another on a basis of brand offering, service reputation, price and location. Most tire dealers carry a few major brand tires as well as less-expensive, private brand tires. Increasing demand within the industry has led to an influx of new operators. As the number of enterprises grows, existing companies will depend on reputation and brand offering to remain competitive within their existing networks.

The Tire Dealers industry retails tires and tire tubes for passenger cars, sport utility vehicles and commercial trucks. Businesses that offer maintenance services in addition to tire sales are included in this industry; however, mail order and online tire sellers are excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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