The Tyre Retailing industry has rebounded strongly over the past five years. While demand for tyres fell at the onset of the global financial crisis, the essential nature of tyres for road transport ensured the industry subsequently benefited from pent-up demand. There has been an influx of cheap tyres into the market, largely coming from low-cost Chinese manufacturers. Such tyres have been popular, as weak retail conditions have driven consumers to purchase cheaper tyres rather than no tyres at all. An appreciating Australian dollar early in the period made imports even cheaper.
Participants in the industry are engaged in retailing tyres. Industry firms sell new and re-conditioned tyres for passenger cars, utility vehicles, SUVs, vans, buses, trucks and motorcycles. Tyre retailers do not retread motor vehicle tyres, but often carry out smaller and minor repairs on tyres. The retailing process can also include fitting services like wheel balances and alignments.
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.