Industry Analysis & Industry Trends
The Tire Manufacturing industry is rolling its way to recovery. Revenue grew substantially in 2010 and 2011, as the release of pent-up demand for tires from the recession resulted in sales growth during the economic recovery, bringing several major players out of the red. The past five years have not been without challenges, however, as input price volatility forced some companies to close plants and offshore operations in an effort to save money. Still, the industry will continue to improve over the next five years, benefiting from the recovery of the auto industry as well as rising demand from consumers for tires that improve fuel efficiency... purchase to read more
Industry Report - Starting a New Business Chapter
There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent companies from entering the Tire Manufacturing industry. The major resource required to enter this industry is capital. The investment requirements for entry include significant capital purchases, including equipment to manufacture tires and related purchases. The steep price for the investment required might deter companies from entering the industry.
Manufacturers also need to seek distribution channels for their products, which can be quite difficult during an economic downturn. In a declining industry, it can be quite hard for new entrants to get access to the distribution channels created among a handful of major players... purchase to read more