Tyre Retailing in Australia - Industry Market Research Report

Tyre Retailing in Australia - Industry Market Research Report

Tyre Retailing in Australia

The Tyre Retailing industry has faced difficult trading conditions. Demand for replacement tyres is influenced by the level of motor vehicle travel by households and commercial customers, along with the number of vehicles on the road. During weak economic conditions, consumers have opted for low-cost tyres, which has constrained the industry's revenue and profitability. Many consumers have also reduced the amount they drive to minimise running costs, which has limited the wear on tyres and the requirement for replacement. This trend has been exacerbated by the stay-at-home restrictions during the peak of the COVID-19 pandemic.

Industry participants sell new and reconditioned tyres for passenger cars, utility vehicles, SUVs, vans, buses, trucks and motorcycles. Tyre retailers do not retread motor vehicle tyres, but often carry out minor repairs on tyres. The retailing process can also include fitting services such as wheel balances and alignments.

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."