Tyre retailers have fared well over the past five years, compared with other automotive industries. Domestic demand for tyres has been strong due to increased incomes, which have spurred motor vehicle sales. However, tyre retailers have faced a few hurdles. Soaring rubber prices have wreaked havoc on the cost of manufacturing and purchasing tyres. High fuel prices have also led to less distance travelled per vehicle, lessening demand for new tyres.
Industry revenue is expected to grow by an annualised 0.2% over the five years through 2012-13 to reach $4.89 billion.
Companies in the industry sell motor vehicle tyres to the public. Tyres retailed in this industry are either new or re-conditioned and are used in cars, utes, SUVs, vans, buses and trucks. Companies in this industry do not sell motorcycle tyres. Tyre retailers do not retread motor vehicle tyres, but often carry out smaller and minor repairs on tyres. Carmakers do not source tyres from this industry, but from manufacturers directly.
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.