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Tire Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tire Dealers Market Research Report | NAICS 44132 | Feb 2017

Fast car: Federal mandates on fuel efficiency will increase demand for tire replacements

IBISWorld’s Tire Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 12-17
0.5%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
190,888
Businesses
34,787
Industry Threats & Opportunities
  • Operators are experiencing competition from e-commerce and big-box retailers
  • Major tire dealers acquired struggling operations to increase their market share
  • The most important implication for industry revenue is the total vehicle miles driven per year
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Industry Analysis & Industry Trends

The Tire Dealer industry is expected to grow in the five years to 2016, as an improving economy enables more consumers to purchase premium replacement tires. Rising per capita disposable income has led to an increase in vehicle miles as more families can afford cars and commuters are choosing to use their vehicles over public transportation. As the number of vehicle miles expands, demand for tires and maintenance services increases as well, benefiting the industry. In the coming years, federal mandates on fuel efficiency will increase demand for niche tires such as low-rolling resistance tires, which require replacement more often and come along with larger price tags... ... purchase to read more

Industry Report - Industry Analysis Chapter

Over the five years to 2017, revenue for the Tire Dealers industry is anticipated to trend higher. Since individuals cannot delay replacing their vehicle’s tires indefinitely, the industry is somewhat resilient to economic downturns. As economic conditions improved, such as rising disposable income, consumers were able to release pent-up demand for replacement tires. Moreover, growth in vehicle miles driven is expected to cause additional wear and tear on tires, accelerating the tire replacement process. To this end, industry revenue is estimated to increase at an annualized rate of 0.5% to $38.0 billion over the five-year period, including a 0.4% increase in 2017 alone.

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Additional Insights for the Tire Dealers Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tire Dealers Industry are

  • Economies of scale
  • Effective inventory management
  • Developing a strong customer base
  • IBISWorld analysts also discuss how external factors such as Total vehicle miles and Per capita disposable income in the Tire Dealers industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Tire Dealers Industry?

    The Tire Dealers industry retails tires and tire tubes for passenger cars, sport-utility vehicles and commercial trucks. Businesses that offer maintenance services in addition to tire sales are included in this industry; however, mail order and online tire sellers are excluded.

    Industry Products
    Automotive servicesPassenger car and light-truck tiresMedium- and heavy-duty truck tiresFarm tiresOff-road tires
     
    Industry Activities
    Automotive tire sales and installationAutomotive repair and maintenance servicesMedium and heavy truck tire sales


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total vehicle miles
  • Per capita disposable income
  • Consumer Confidence Index
  • Demand from car and automobile manufacturing
  • Average age of vehicle fleet
  • Current Performance
  • External influences dictate growth
  • Rising demand leading to rising competition
  • Commercial revival
  • Chart: Revenue Growth
  • Industry Outlook
  • Return to growth
  • Changes ahead
  • Modest profit growth
  • Table: Tire Dealers Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tire Dealers Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Mining
  • Long-Distance Freight Trucking
  • Scheduled and Charter Bus Services
  • Consumers
  • Key Selling Industries
  • Tire Wholesaling
  • Products & Services
  • Automotive services
  • Passenger car and light-truck tires
  • Medium- and heavy-duty truck tires
  • Off-road tires
  • Farm tires
  • Chart: Tire Dealers Industry Products and Services Segmentation
  • Demand Determinants
  • Seasonality
  • Major Markets
  • Consumers in the highest income bracket
  • Consumers in the middle income bracket
  • Consumers in the lowest income bracket
  • Businesses and government bodies
  • Trucking companies
  • Construction and mining companies
  • Farmers
  • Chart: Major Market Segmentation for the Tire Dealers Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Tire Dealers
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tire Dealers Industry
  • Industry Globalization
    Major Companies
    Discount Tire Co.
    Sumitomo Corporation
  • Table: Discount Tire Co. - financial performance
  • Table: Sumitomo Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tire Dealers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Tire Dealers Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • US Replacement Tire Shipments (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Big-Box Stores
  • A retailer that offers a variety of products, including tires, at a discount to the consumer
  • Retread
  • A used tire that has been remanufactured using specialized equipment to increase the life of the tire up to 10 times.
  • Rolling Resistance
  • Drag created by friction between the tire and the road surface; low-rolling resistance tires reduce not only fuel consumption but also tire durability.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tire Dealers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tire Dealers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tire Dealers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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