Automotive Tires E-Retailing Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR44523
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The automotive tires e-retailing market size has the potential to grow by USD 7.59 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by distribution channel (third-party suppliers and OEM suppliers) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Alibaba Group Holding Ltd., Amazon.com Inc., Asbury Automotive Group Inc., eBay Inc., JD.com Inc., MICHELIN, MRF Ltd., Rakuten Inc., THE GOODYEAR TIRE & RUBBER CO., and Walmart Inc.

What will be the Automotive Tires E-retailing Market Size in 2020?

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Who are the Major Automotive Tires E-retailing Vendors?

The market is fragmented. Alibaba Group Holding Ltd., Amazon.com Inc., and Asbury Automotive Group Inc. are some of the major market participants. Although the rise in sales of passenger vehicles globally will offer immense growth opportunities, the difficulty in the retention of loyal customers online will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive tires e-retailing market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive tires e-retailing market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • Asbury Automotive Group Inc.
  • eBay Inc.
  • JD.com Inc.
  • MICHELIN
  • MRF Ltd.
  • Rakuten Inc.
  • THE GOODYEAR TIRE & RUBBER CO.
  • Walmart Inc.

Which are the Key Markets for Automotive Tires E-retailing?

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North America was the largest automotive tires e-retailing market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the growth in the number of online shoppers, change in consumers' purchase patterns, and the strong presence of organized automotive tire e-retail suppliers such as Amazon.com, The Goodyear Tire & Rubber Company, and TIRE RACK will significantly drive automotive tires e-retailing market growth in this region over the forecast period.

30% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for automotive tires e-retailing in North America. Market growth in this region will be slower than the growth of the market in other regions.

What are the Major Distribution Channel Segments in the Automotive Tires E-retailing Market?

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Most of the e-commerce third-party suppliers offer tires of various OEM brands for sale on their websites. Also, prominent vendors provide customers the option to take a doorstep delivery or visit their own dealerships or partnered dealerships. These factors are increasing customer propensity to buy tires online, which is driving the growth of the segment. The automotive tires e-retailing market share growth by the third-party supplies segment will be faster than the growth of the market by the OEM suppliers segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive tires e-retailing market size.

How will Passenger Vehicles Influence Automotive Tires E-retailing Market Growth?

The rise in sales of passenger vehicles globally is driving the automotive tires E-retailing market over the next few years. The economic growth of developing nations and the expansion of automotive manufacturers in developing countries are driving sales of passenger vehicles. As vehicles are used for longer periods, they need regular service and maintenance to function properly. This need for vehicle servicing has created the demand for automotive tires replacements. The online channel is considered as one of the most prominent platforms for tire replacement by customers, which is driving the automotive tires e-retailing market.

The increasing adoption of real-time bidding (RTB) is one of the key automotive tires e-retailing market trends. RTB involves an online bidding process that allows marketers to trade display advertising inventory in real-time. E-commerce is one of the platforms that is expected to use RTB extensively to target customers. The automotive tires e-retailing also adopts a similar concept, thus impacting the market growth at a CAGR of almost 12% during the forecast period.

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What are the Key Factors Covered in this Automotive Tires E-retailing Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive automotive tires e-retailing market growth during the next five years
  • Precise estimation of the automotive tires e-retailing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive tires e-retailing industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive tires e-retailing market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive tires e-retailing market growth will increase by $7597.64 million during 2019-2024.
The automotive tires e-retailing market is expected to grow at a CAGR of 11.80% during 2019-2024.
Technavio has segmented the automotive tires e-retailing market by distribution channel (Third-party suppliers and OEM suppliers) and geographic (North America, Europe, APAC, MEA, and South America).
Alibaba Group Holding Ltd., Amazon.com Inc., Asbury Automotive Group Inc., eBay Inc., JD.com Inc., MICHELIN, MRF Ltd., Rakuten Inc., THE GOODYEAR TIRE & RUBBER CO., Walmart Inc. are a few of the key vendors in the automotive tires e-retailing market.
North America will register the highest growth rate of 29.74% among the other regions. Therefore, the automotive tires e-retailing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive tires e-retailing market growth are:
  • Rise in sales of passenger vehicles globally
The automotive tires e-retailing market vendors should focus on grabbing business opportunities from the third-party suppliers segment as it accounted for the largest market share in the base year.
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