The Tire Wholesaling industry hit a speed bump during the recession, but has been recovering in the five years to 2014. Despite a rise in retail gasoline prices in 2010, consumers began driving more, with total vehicle miles increasing in 2010 for the first time since before the recession. Total vehicle miles strongly indicate tire wear; as the number of total miles driven rises, more consumers need to change tires. In addition, As the United States continues to rebound from the recession, more consumers are looking to replace their tires after delaying these purchases during the downturn, supporting revenue growth. In the five years to 2019, the industry is expected to continue recovering, due to increased disposable income and rising motor vehicle registrations. Wholesalers are also facilitating an internet presence for tire dealers, empowering retailers to reach a broader market, which will bode well for the industry.
Industry operators wholesale new and used tires and tubes for passenger and commercial vehicles.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.