The Retail Market for Auto Tires in the US - Industry Market Research Report

The Retail Market for Auto Tires in the US - Industry Market Research Report

  • April 2021 •
  • 33 pages •
  • Report ID: 5841649 •
  • Format: PDF
Breaking new ground: An increase in the average age of the vehicle fleet will likely boost industry revenue growth

Abstract

The Retail Market for Auto Tires
The Retail Market for Auto Tires industry has grown steadily over the past five years amid economic growth, largely driven by increased disposable income and vehicle mileage movements. As the total vehicle miles driven increases, consumers must replace their tires, and consumers were more willing to do so over the past five years due to higher income levels. Additionally, strong demand early during the period from freight trucking also contributed to industry revenue growth. Over the five years to 2023 the Retail Market for Auto Tires industry is expected to continue to grow. Rising freight trucking activity, per capita disposable income and demand for fuel-efficient tires will likely boost revenue growth moving forward. Furthermore, total vehicle miles are anticipated to continue to increase over the next five years.

Tire retailers sell automobile tires and tubes that are used on all types of passenger vehicles and freight vehicles. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers.

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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