Tyre Retailing in New Zealand - Industry Market Research Report
Description
Tyre Retailing in New Zealand
Tyre retailers sell new and used tyres and tubes for motor vehicles, including passenger vehicles, commercial vehicles, motorcycles, scooters and other vehicles. Some retailers also provide tyre-related after-sales services, like wheel alignment and balancing, and puncture repairs. Retailers have benefited from an increase in the size and age of New Zealand's vehicle fleet over the past five years. Growth in the number of motor vehicles in New Zealand has boosted the potential market for new tyres, while ageing older vehicles have had more use and require more frequent tyre replacements. Weakening economic conditions and the increasing availability of low-cost tyres have severely constrained the industry's performance over the period. Industry-wide revenue has been declining at an annualized 2.0% over the past five years and is expected to total $953.3 million in 2023-24, when revenue will drop by an estimated 2.5%.
Tyre retailers primarily retail new and reconditioned tyres for motor vehicles. Retailers also carry out fitting services like wheel balances and alignments. Online-only tyre retailers are excluded from the industry.
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.
Tyre retailers sell new and used tyres and tubes for motor vehicles, including passenger vehicles, commercial vehicles, motorcycles, scooters and other vehicles. Some retailers also provide tyre-related after-sales services, like wheel alignment and balancing, and puncture repairs. Retailers have benefited from an increase in the size and age of New Zealand's vehicle fleet over the past five years. Growth in the number of motor vehicles in New Zealand has boosted the potential market for new tyres, while ageing older vehicles have had more use and require more frequent tyre replacements. Weakening economic conditions and the increasing availability of low-cost tyres have severely constrained the industry's performance over the period. Industry-wide revenue has been declining at an annualized 2.0% over the past five years and is expected to total $953.3 million in 2023-24, when revenue will drop by an estimated 2.5%.
Tyre retailers primarily retail new and reconditioned tyres for motor vehicles. Retailers also carry out fitting services like wheel balances and alignments. Online-only tyre retailers are excluded from the industry.
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
38 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
Search Inside Report
Pricing
Currency Rates
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