Market Overview:
The global tire retailer 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, as it accounts for a majority of total tires sold globally. Geographically, North America dominates the global tire retailer market followed by Europe and Asia Pacific.
Product Definition:
A tire retailer is a business that sells new tires and/or services to consumers. Tire retailers may also sell used tires, retreaded tires, and tire accessories such as rims, wheel weights, valve stems, and air pumps. They are important because they provide the public with a necessary service of keeping their vehicles running safely.
Independent Tire Dealers:
Independent tire dealers are the unorganized sector in the tire industry. They sell tires directly to consumers through retail stores or over the counter. There is no inventory, and hence there is no central location for sale of tires making it an independent business. It's growth factor in market is increasing due to growing number of small players entering into this business which gives them a competitive advantage as they have better knowledge about suppliers and product cost which helps them cut down on costs related to marketing & advertisement etc.
Warehouse Clubs:
Warehouse clubs are the facilities where the retailers store their products in large quantities for selling at discounted prices. The warehouse clubs allow retailers to reduce their capital investment and inventory cost. It also helps them to cater to a larger market by allowing them to stock more products, thus increasing their profit margins.
The tire retailer’s involvement in warehouse club is an easy way for them to expand.
Application Insights:
Passenger car tires accounted for the largest share in 2016 and are projected to maintain their dominance over the forecast period. The growing importance of passenger cars due to rapid urbanization, increasing disposable income, and changing lifestyles is expected to drive demand for new tires. Furthermore, rising consumer preference for comfort coupled with better handling characteristics will also benefit market growth.
Commercial vehicle tires are estimated to witness significant growth over the forecast period owing to an increase in commercial activities such as agriculture, construction and mining across various regions of the world including North America and Europe. Moreover, a rise in fleet size due to government initiatives promoting usage of commercial vehicles will further fuel demand from 2017 through 2030.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing consumer spending on passenger cars and light commercial vehicles in the U.S., Canada, and Mexico.
Asia Pacific is estimated to register significant growth during the forecast period owing its large population base with growing disposable income levels coupled with rapid urbanization.
Growth Factors:
- Increasing demand for tires from the automotive sector
- Rising disposable income of consumers
- Technological advancements in tire manufacturing process
- Growing awareness about the importance of tires for vehicle safety
- Proliferation of online tire retailers
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Retailer 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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Tire Retailer Market Report Segments:
The global Tire Retailer 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 Retailer 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 Retailer 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?
A tire retailer is a business that sells tires.
Some of the major players in the tire retailer 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 retailer 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 Retailer 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 Retailer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Retailer 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 Retailer 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 Retailer Market Size & Forecast, 2018-2028
4.5.1 Tire Retailer Market Size and Y-o-Y Growth
4.5.2 Tire Retailer Market Absolute $ Opportunity
Chapter 5 Global Tire Retailer 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 Retailer 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 Retailer 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 Retailer 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 Retailer 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 Retailer 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 Retailer Analysis and Forecast
9.1 Introduction
9.2 North America Tire Retailer 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 Retailer 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 Retailer 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 Retailer Analysis and Forecast
10.1 Introduction
10.2 Europe Tire Retailer 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 Retailer 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 Retailer 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 Retailer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tire Retailer 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 Retailer 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 Retailer 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 Retailer Analysis and Forecast
12.1 Introduction
12.2 Latin America Tire Retailer 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 Retailer 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 Retailer 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 Retailer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tire Retailer 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 Retailer 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 Retailer 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 Retailer Market: Competitive Dashboard
14.2 Global Tire Retailer 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
