Tire Wholesaling in the US - Industry Market Research Report

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.