Tire Dealers in the US - Industry Market Research Report

Tire Dealers in the US - Industry Market Research Report

  • February 2019 •
  • 34 pages •
  • Report ID: 167970 •
  • Format: PDF

Spinning wheels: Demand for fuel-efficient tires will stabilize industry profit despite fluctuating rubber prices

Abstract

Tire Dealers in the US
The Tire Dealers industry experienced stable growth over five years to 2018 as an expanding economy enabled more consumers to purchase premium replacement tires. Rising per capita disposable income led to an increase in vehicle miles as more families could afford cars and chose to use personal vehicles over public transportation. As the number of vehicle miles increased, demand for tires and maintenance services grew as well, benefiting the industry. Industry profit has experienced volatility over the past five years. World rubber prices fluctuated greatly, after several strong declines in years prior. Although the world price of rubber is forecast to decline modestly in 2018, upstream manufacturers are likely to increase tire prices due to future uncertainty and as a reaction to 2017’s steep price hike in their key input. Overall, the Tire Dealers industry is expected to continue its stable growth over the next five years. Increasing tire sales from growing disposable income levels are expected to lift revenue and encourage more dealers to join the industry.

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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