$45.7bn
$X.Xbn
203k
26,278
$X.Xbn
Tire Dealers industry retail tires and tire tubes for passenger cars, sport utility vehicles and commercial trucks. The industry has encountered mixed conditions over the past five years. Rising consumer spending at the beginning of the period through 2019, prior to COVID-19, led to increasing vehicle miles, as more families favored personal vehicles over public transportation. Demand for tires and maintenance services strengthened, benefiting the industry. Positive economic conditions also allowed more consumers to purchase premium replacement tires, aiding revenue expansion. However, lower commodity prices and heightened price competition constrained industry revenue growth during the current period. Weak demand during the pandemic due to delaying nonessential purchases and reducing vehicle miles for consumers and commercial operations, alike, further pressured industry performance during the period. Still, industry revenue is expected to rise, inching up at an estimated CAGR of 1.1% to reach $45.7 billion through the end of 2023, including an expected 1.2% boost in 2023 alone.
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated $45.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
The Reinalt-Thomas Corporation | 5,887.0 | 338.2 | 5.7 | |
Sumitomo Corp | 2,861.1 | 161.2 | 5.6 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Tire Dealers in the US
Industry revenue is measured across several distinct product and services lines, including Automotive services, Passenger car tires and Medium- and heavy-duty truck tires. Automotive services is the largest segment of the Tire Dealers in the US.
Passenger car tires are the most popular product
The Tire Dealers industry retails tires and tire tubes for passenger cars, sport utility vehicles and commercial trucks. Businesses that offer maintenance services in addition to tire sales are included in this industry.
Purchase this report to view all 2 major companies in this industry.
NAICS 44132 - Tire Dealers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
COVID-19 dealt a substantial blow to tire dealers. Decreased travel resulted in drastically lowered demand for new tires.
Learn about an industry's products and services, markets and trends in international trade.
Sales of passenger car tires to individuals continues to be tire dealers' main income source. Demand from these customers fell in 2020 due to the pandemic, though it has sinc...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Tire dealers tend to locate in areas with a high vehicle population. People in these areas tend to commute via car, rather than take public transportation.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Consolidation is necessary to bolster profitability for large companies as the industry is highly price competitive. More than one-third of all stores are single establishmen...
Learn about the performance of the top companies in the industry.
The largest tire dealers are well-established brand names. Reinalt-Thomas, better known as Discount Tire Company, is the industry's largest company and has operated in the co...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Tire dealers aren't subject to significant regulation outside of labor laws. However, most states require specific disposal methods for motor oil and coolant, which can conta...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases have always been the single-largest expense for tire dealers. Rubber and crude oil price volatility has resulted in heightened purchase prices.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Tire Dealers in the US industry in United States is $45.7bn in 2024.
There are 26,278 businesses in the Tire Dealers in the US industry in United States, which has grown at a CAGR of 0.7 % between 2018 and 2023.
The market size of the Tire Dealers in the US industry in United States has been growing at a CAGR of 1.1 % between 2018 and 2023.
Over the next five years, the Tire Dealers in the US industry in United States is expected to grow.
The biggest companies operating in the Tire Dealers market in United States are The Reinalt-Thomas Corporation and Sumitomo Corp
Automotive tire sales and installation and Automotive repair and maintenance services are part of the Tire Dealers in the US industry.
The company holding the most market share in United States is The Reinalt-Thomas Corporation.
The level of competition is high and increasing in the Tire Dealers in the US industry in United States.