Market Overview:
The global tire retail market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for tires from the passenger car and commercial vehicle segments. In terms of type, the independent tire dealers segment is expected to lead the market during the forecast period, owing to its large customer base and presence across all regions. In terms of application, the passenger car segment is expected to dominate the market during the forecast period, owing to rising disposable income and increase in sales of passenger cars globally. Geographically, North America dominates the global tire retail market followed by Europe and Asia Pacific.
Product Definition:
The definition of Tire Retail is the business aspect of selling tires to consumers. Tire Retail is important because it allows consumers to purchase tires for their vehicles without having to go through a dealership. This can save them money on the overall cost of the vehicle.
Independent Tire Dealers:
Independent tire dealers are the ones who sell tires directly to consumers through retail stores or online portals. They do not have any tie-ups with manufacturers, unlike wholesalers and distributors, who buy tires from manufacturers in bulk and distribute them to their outlets. The number of independent tire dealers has been on a rise over the past few years owing to several factors such as increasing demand for automobiles, rapid urbanization along with changing consumer preferences towards vehicle maintenance.
Warehouse Clubs:
Warehouse clubs are the wholesale clubs that allow their members to buy products at a lower price. They have large warehouses where they store products which can be supplied to other retail stores as per their requirements. The club membership allows them to buy in bulk and save on storage costs, transportation, and handling charges along with discounts on various products.
Application Insights:
Passenger car tires accounted for the largest share in the global tire retail market, accounting for over 60.0% in 2017. The growth can be attributed to growing demand from end-users as well as high consumer satisfaction with new cars and trucks equipped with better tires. Furthermore, rising disposable income levels has led to an increase in passenger vehicle sales which is further propelling growth of the segment.
Commercial vehicle tires are expected to grow at a higher rate than that of passenger car tires owing to their usage on trucks and buses which require heavy duty wheelsets along with superior performance characteristics such as durability, safety and comfort on long journeys across various terrains at high speeds.
Regional Analysis:
North America dominated the global tire retail market in 2017. The presence of major automobile manufacturers, along with a well-established distribution network, has resulted in high demand for tires across the region. Furthermore, growing consumer awareness regarding vehicle maintenance and safety is expected to drive demand over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing automotive sales and favorable government initiatives promoting new investments by international companies. Rising disposable income will also contribute toward regional growth through increased spending on passenger cars and commercial vehicles. Moreover, improving infrastructure development will boost sales further through various distribution channels including auto showrooms as well as independent retailers/dealerships for premium brands such as Audi & BMW or Daimler AG's Mercedes Benz brand).
Growth Factors:
- Increasing demand for passenger cars and light commercial vehicles
- Rising disposable income of consumers
- Proliferation of organized retail sector
- Technological advancements in the automotive industry
- Stringent government regulations for vehicle safety and emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Retail Market Research Report
By Type
Independent Tire Dealers, Warehouse Clubs, Auto Dealerships, Tire Company-owned Stores, Miscellaneous Outlets
By Application
Passenger Car, Commercial Vehicle
By Companies
TBC Corp, Reinalt-Thomas, Walmart, Mavis Tire, Les Schwab, Southern Tire Mart, Monro Inc, Pomp’s Tire Service, Belle Tire, Best-One Tire, Tire Discounters, Sullivan Tire Co, Rent A Wheel, ATV Tires
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Tire Retail Market Report Segments:
The global Tire Retail market is segmented on the basis of:
Types
Independent Tire Dealers, Warehouse Clubs, Auto Dealerships, Tire Company-owned Stores, Miscellaneous Outlets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TBC Corp
- Reinalt-Thomas
- Walmart
- Mavis Tire
- Les Schwab
- Southern Tire Mart
- Monro Inc
- Pomp’s Tire Service
- Belle Tire
- Best-One Tire
- Tire Discounters
- Sullivan Tire Co
- Rent A Wheel
- ATV Tires
Highlights of The Tire Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Independent Tire Dealers
- Warehouse Clubs
- Auto Dealerships
- Tire Company-owned Stores
- Miscellaneous Outlets
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tire Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tire Retail is the sale of tires to consumers.
Some of the major companies in the tire retail market are TBC Corp, Reinalt-Thomas, Walmart, Mavis Tire, Les Schwab, Southern Tire Mart, Monro Inc, Pomp’s Tire Service, Belle Tire, Best-One Tire, Tire Discounters, Sullivan Tire Co, Rent A Wheel, ATV Tires.
The tire retail market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tire Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tire Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tire Retail Market Size & Forecast, 2018-2028
4.5.1 Tire Retail Market Size and Y-o-Y Growth
4.5.2 Tire Retail Market Absolute $ Opportunity
Chapter 5 Global Tire Retail Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Tire Retail Market Size Forecast by Type
5.2.1 Independent Tire Dealers
5.2.2 Warehouse Clubs
5.2.3 Auto Dealerships
5.2.4 Tire Company-owned Stores
5.2.5 Miscellaneous Outlets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tire Retail Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Tire Retail Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tire Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Tire Retail Analysis and Forecast
9.1 Introduction
9.2 North America Tire Retail Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Tire Retail Market Size Forecast by Type
9.6.1 Independent Tire Dealers
9.6.2 Warehouse Clubs
9.6.3 Auto Dealerships
9.6.4 Tire Company-owned Stores
9.6.5 Miscellaneous Outlets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Tire Retail Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Tire Retail Analysis and Forecast
10.1 Introduction
10.2 Europe Tire Retail Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Tire Retail Market Size Forecast by Type
10.6.1 Independent Tire Dealers
10.6.2 Warehouse Clubs
10.6.3 Auto Dealerships
10.6.4 Tire Company-owned Stores
10.6.5 Miscellaneous Outlets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Tire Retail Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Tire Retail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tire Retail Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Tire Retail Market Size Forecast by Type
11.6.1 Independent Tire Dealers
11.6.2 Warehouse Clubs
11.6.3 Auto Dealerships
11.6.4 Tire Company-owned Stores
11.6.5 Miscellaneous Outlets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Tire Retail Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Tire Retail Analysis and Forecast
12.1 Introduction
12.2 Latin America Tire Retail Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Tire Retail Market Size Forecast by Type
12.6.1 Independent Tire Dealers
12.6.2 Warehouse Clubs
12.6.3 Auto Dealerships
12.6.4 Tire Company-owned Stores
12.6.5 Miscellaneous Outlets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Tire Retail Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Tire Retail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tire Retail Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Tire Retail Market Size Forecast by Type
13.6.1 Independent Tire Dealers
13.6.2 Warehouse Clubs
13.6.3 Auto Dealerships
13.6.4 Tire Company-owned Stores
13.6.5 Miscellaneous Outlets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Tire Retail Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tire Retail Market: Competitive Dashboard
14.2 Global Tire Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TBC Corp
14.3.2 Reinalt-Thomas
14.3.3 Walmart
14.3.4 Mavis Tire
14.3.5 Les Schwab
14.3.6 Southern Tire Mart
14.3.7 Monro Inc
14.3.8 Pomp’s Tire Service
14.3.9 Belle Tire
14.3.10 Best-One Tire
14.3.11 Tire Discounters
14.3.12 Sullivan Tire Co
14.3.13 Rent A Wheel
14.3.14 ATV Tires
