The Retail Market for Auto Tires
The Retail Market for Auto Tires industry has rebounded strongly over the past five years amid economic recovery, largely driven by increased disposable income and vehicle mileage movements. Pent-up demand following the recession spurred many consumers to replace their tires, which they held off on during the economic downturn. Moreover, the average fleet vehicle age is anticipated to rise over the five years to 2016, which will in turn facilitate demand for tire retailers. Overall, the industry is anticipated to increase at an impressive rate over the five years to 2016. The industry will continue to grow in the five years to 2021, albeit at a decelerated rate, due to expected stabilized customer demand. Rising freight trucking activity, consumer per capita income and demand for fuel-efficient tires will boost revenue growth during the period.
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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