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 Analysis Chapter
The automobile tire retail market has experienced considerable volatility over the past five years due to demand shocks across the entire automotive sector. Major US automakers went through bailouts and bankruptcies in 2009, adversely affecting suppliers, which experienced the sharpest decrease new car sales since 1991. Even leading up to the recession, many industries in the automotive sector have been declining because imported vehicles, parts and components eroded domestic manufacturers' market share. However, import penetration had minimal impact on tire retailers because retailers supply both imported and domestically manufactured tires.
The industry's recent volatile performance reflects significant changes in a few key economic factors... purchase to read more