Industry Analysis & Industry Trends
The tire retail market has stabilized following the aftermath of the recession, with low single-digit growth in each of the past three years. As demand picks up across all sectors of the economy, revenue growth will continue in the five years to 2019. In particular, shifting consumer preference towards fuel-efficient tires will present a growth market for tire retailers. Government fuel-efficiency regulation will also stimulate demand for high quality tires.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The tire retail market is in the mature stage of its life cycle. Industry value added, which measures an industry's contribution to the economy, is projected to increase at an average annual rate of 2.8% in the 10 years to 2020. Over the same period, US GDP is forecast to grow an average of 2.2% per year. Therefore, the tire retail market's importance to the overall economy is relatively stable, which suggests a mature life cycle stage. Additionally, the tire retail market exhibits characteristics of a mature industry, such as relatively stable technological change and downstream markets.
New products and distribution channels have gained popularity in recent years... purchase to read more