Tire Wholesaling in the US - Industry Market Research Report

Tire Wholesaling in the US - Industry Market Research Report

  • May 2021 •
  • 39 pages •
  • Report ID: 209111 •
  • Format: PDF
Hit the gas: As operators increase their online presence, industry revenue will likely grow

Abstract

Tire Wholesaling in the US
The Tire Wholesaling industry, made up of merchant distributors of used and new tires and tubes, has grown over the five years to 2019. Rising income levels and lower tire prices have lifted demand for tires, which has bolstered industry revenue. Additionally, the world price of rubber, which is the major input for tire manufacturers, was remarkably low until 2017, generally to the benefit of wholesalers, which received lower prices from manufacturers. Despite positive economic conditions, external competition has threatened tire wholesalers over the past five years; wholesalers need to nurture long-standing business relationships with both retailers and manufacturers to secure revenue. Furthermore, wholesalers are helping to improve the online presence of independent tire dealers, empowering dealers to reach a broader market of consumers and boosting wholesale revenue as a result. These factors, combined with expected improvement in consumer confidence and spending, bode well for the industry’s performance over the next five years.

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.
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