Automotive Tires E-Retailing Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 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.
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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1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis - Automotive components and accessories market
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Distribution and logistics
2.2.5 Marketing and sales
2.2.6 Service
2.2.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2019
3.4 Market outlook: Forecast for 2019 - 2024
Exhibit 06: Global - Market size and forecast 2019 - 2024 ($ million)
Exhibit 07: - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 08: Global market: Year-over-year growth 2019 - 2024 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 09: Five forces analysis 2019 & 2024
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition - Five forces 2020
5. Market Segmentation by Distribution Channel
The segments that will Exhibit a growth rate faster than that of the overall market have been termed as fast-growing segments and those that will lag behind the overall market have been termed as slow-growing segments. In a zero-growth environment, the segments with the least reduction in market size will be classified as fast-growing segments.
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5.1 Market segments
Exhibit 16: Distribution channel - Market share 2019-2024 (%)
5.2 Comparison by Service
Exhibit 17: Comparison by distribution channel
5.3 Third-party suppliers - Market size and forecast 2019-2024
Exhibit 18: Third-party suppliers - Market size and forecast 2019-2024 ($ million)
Exhibit 19: Third-party suppliers - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 20: Third-party suppliers - Year-over-year growth 2019-2024 (%)
5.4 OEM suppliers - Market size and forecast 2019-2024
Exhibit 21: OEM suppliers - Market size and forecast 2019-2024 ($ million)
Exhibit 22: OEM suppliers - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 23: OEM suppliers - Year-over-year growth 2019-2024 (%)
5.5 Market opportunity by distribution channel
Exhibit 24: Market opportunity by distribution channel
6. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 25: Customer landscape
Customer landscape analysis
7. Geographic Landscape
North America contributed 33% to the overall market in 2019 and would decrease its contribution to 31% of the global automotive tires e-retailing market in 2024.
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7.1 Geographic segmentation
Exhibit 26: Market share by geography 2019-2024 (%)
7.2 Geographic comparison
Exhibit 27: Geographic comparison
7.3 North America - Market size and forecast 2019-2024
Exhibit 28: North America - Market size and forecast 2019-2024 ($ million)
Exhibit 29: North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 30: North America - Year-over-year growth 2019-2024 (%)
7.4 Europe - Market size and forecast 2019-2024
Exhibit 31: Europe - Market size and forecast 2019-2024 ($ million)
Exhibit 32: Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 33: Europe - Year-over-year growth 2019-2024 (%)
7.5 APAC - Market size and forecast 2019-2024
Exhibit 34: APAC - Market size and forecast 2019-2024 ($ million)
Exhibit 35: APAC - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 36: APAC - Year-over-year growth 2019-2024 (%)
7.6 MEA - Market size and forecast 2019-2024
Exhibit 37: MEA - Market size and forecast 2019-2024 ($ million)
Exhibit 38: MEA - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 39: MEA - Year-over-year growth 2019-2024 (%)
7.7 South America - Market size and forecast 2019-2024
Exhibit 40: South America - Market size and forecast 2019-2024 ($ million)
Exhibit 41: South America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
Exhibit 42: South America - Year-over-year growth 2019-2024 (%)
7.8 Key leading countries
Exhibit 43: Key leading countries
7.9 Market opportunity by geography
Exhibit 44: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Volume drivers – Demand led growth
8.1.1 Rise in sales of passenger vehicles globally
8.1.2 Consumer inclination toward online tire purchases
8.1.3 Convenience of presenting wider portfolio of automotive products
8.2 Market challenges
8.2.1 High demand for tire retreading in commercial vehicle segment
8.2.2 Difficulty in retention of loyal customers online
8.2.3 Increasing emphasis on public transportation
8.2 Market trends
8.3.1 Increasing adoption of RTB
8.3.2 Cross-device marketing
8.3.3 Advanced targeting options via digital media
9. Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
Analysis of Criticality of inputs and Factors of differentiation
Competitive scenario
9.4 Landscape disruption
Technavio’s Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption
Industry risks
10. Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Alibaba Group Holding Ltd.
Overview
Business Segments
Key Offering
Segment Focus
10.4 Amazon.com Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.5 Asbury Automotive Group Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.6 eBay Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.7 JD.com Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.8 MICHELIN
Overview
Business Segments
Key Offering
Segment Focus
10.9 MRF Ltd.
Overview
Business Segments
Key Offering
Segment Focus
10.10 Rakuten Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.11 THE GOODYEAR TIRE & RUBBER CO.
Overview
Business Segments
Key Offering
Segment Focus
10.12 Walmart Inc.
Overview
Business Segments
Key Offering
Segment Focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and Caveats
11.2 Currency conversion rates for US$
11.3 Research methodology
11.4 List of abbreviations
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- Germany
- France
- Japan
- UK
- Rise in sales of passenger vehicles globally
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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