Tire Dealers in the US
The Tire Dealers industry has experienced stable growth over five years to 2019 as an expanding economy enabled more consumers to purchase premium replacement tires. Rising per capita disposable income led to an increase in vehicle miles, as more families could afford cars and chose to use personal vehicles over public transportation. As the number of vehicle miles increased, demand for tires and maintenance services grew as well, benefiting the industry. Overall, the Tire Dealers industry is expected to continue experiencing stable growth over the next five years to 2024. Increasing tire sales as a result of growing disposable income levels are expected to lift revenue and encourage more dealers to join the industry. Federal mandates and consumer preferences in favor of fuel efficiency will increase demand for niche tires that typically require replacement more often and come with larger price tags.
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.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook