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
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