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Tire Wholesaling in the US - Industry Market Research Report

Publisher IBISWorld
Published Oct 20, 2024
Length 78 Pages
SKU # IBSS19340479

Description

Tire Wholesaling in the US - Industry Market Research Report


Tire Wholesaling in the US

The industry comprises merchant distributors of used and new tires and tubes. Rising per capita disposable income and consumer spending levels have boosted tire demand. Also, the world price of rubber, the primary input for tires, increased dramatically, raising the price of tires and stimulating revenue growth. During the pandemic, global economic activity faltered and total vehicle miles fell, putting downward pressure on revenue. Rebounding demand and rising rubber prices as the pandemic subsided led to a surge in revenue. Overall, revenue increased at a CAGR of 1.7% to $75.0 billion over the past five years, including a 0.4% increase in 2023 alone. Profit has also grown to 2.9% of revenue in 2023.

Industry operators primarily engage in wholesale distribution of new or used tires and tubes for passenger and commercial vehicles.

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.

Table of Contents

78 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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