New study offers analysis and forecasts for U.S. tire dealers

Jan. 1, 2020
Research and Markets has released a new report analyzing the American tire dealer industry.
Research and Markets has released a new report analyzing the American tire dealer industry.

The segment consists of some 11,000 companies with combined annual revenues of about $30 billion.

“The industry is fragmented,” notes Laura Wood, senior manager at the Dublin, Ireland-based firm, “the 50 largest companies generate about 50 percent of revenue.”

She points out that “the profitability of individual companies depends on marketing, since the product is largely a commodity. Large companies benefit from economies of scale in purchasing and advertising. Small firms can compete effectively by serving a particular region, by specializing – such as in tires for high-end cars – or by joining purchasing/distribution networks.”

Replacement tires for cars cover 55 percent of the U.S. market; commercial vehicle tires account for 25 percent.

Entitled “Tire Dealers,” the new report’s topics include an industry overview, quarterly industry update, business challenges, business trends, industry opportunities, “call preparation questions,” financial information” and an industry forecast.

For more information, visit www.researchandmarkets.com.

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