Tire Wholesaling in the US - Industry Market Research Report
- April 2018 •
- 30 pages •
- Report ID: 209111
Tire Wholesaling in the US
The Tire Wholesaling industry, made up of merchant distributors of used and new tires and tubes, is on a growth track. Rising income levels and lower tire prices have lifted demand for tires, which has bolstered industry revenue. Over the five years to 2018, per capita disposable income has steadily increased, encouraging consumer tire purchases. Additionally, until 2017, wholesalers benefited from the plummeting price of rubber, the major input for tire manufacturers. However, external competition has threatened tire wholesalers over the past five years. Tire manufacturers can provide low-cost tires to retailers directly by integrating the wholesale process, while wholesalers need to nurture long-standing business relationships with both retailers and manufacturers to secure revenue. Greater internet use has also improved industry operations. Wholesalers can communicate with retailers more efficiently, which streamlines sales and inventory functions. These factors, combined with expected improvement in consumer confidence and spending, bode well for the industry. As these trends continue, IBISWorld expects revenue to rise over the five years to 2023.
Industry operators primarily engage in wholesale distribution of new and/or used tires and tubes for passenger and commercial vehicles.
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.