Automotive Tires E-Retailing Market was valued at USD 7,200 Million in 2019 and predicted to grow at 12.0% CAGR during the forecast period.

Introduction of the Global Automotive Tires E-Retailing Market Report

Automotive tire is the circular vehicle component that are made of rubber. It is used to cover the wheel’s rim externally. The major function of tire is to protect the wheel rim and provide tractive force between the vehicle and the surface of the road. It offers flexible cushion to reduce the impact of vibrations and absorbs the shock of the vehicle. E-retailing means selling of automotive tires through online channels. It includes business to business (B2B) as well as business to customer (B2C) sales of automotive tires.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors responsible for the growth of the global automotive tires e-retailing market are the economic growth of the developing countries and the expansion of automobile manufacturers. Vehicles are used for longer period and thus needs regular maintenance from time to time in order to function properly. This need for servicing has created the demand for replacement of automotive tires. The e-retailing channel is considered as one of the most convenient platforms by customers for the replacement of tires. These factors play a crucial role in augmenting the growth of the global automotive tires e-retailing market.

The growing adoption of self-inflating technology and low rolling resistance (LRR) by manufacturers is influencing the growth of the market. Low rolling resistance (LRR) tires reduce the required rolling effort and decline the wasted energy. For instance, in 2019, Michelin, a company that has also started its online retailing for tires, launched the Michelin X Line Energy D+ tire, which is an ultra-low rolling resistance tire. Furthermore, the growing penetration of smartphones has increased the preference for online shopping. Manufacturers are enhancing fuel mileage to increase the demand for the automotive tires, further supplementing the growth of the global automotive tires e-retailing market.

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Vehicle Type – Segment Analysis

Based on the Vehicle Type, the passenger cars segment is projected to grow at a higher CAGR during the forecast period. The demand for passenger cars mainly depends on economic conditions dictated by fluctuation in GDP growth, exchange rates, inflation levels, and changes in government policies. Furthermore, massive discounts on online shopping offered by the companies, volatile fuel prices, and the transportation infrastructure are expected to influence the demand. The passenger cars segment tends to increase globally with the improving economic condition in the U.S. and developing markets, such as India and China.

Manufacturing – Segment Analysis

On the basis of the manufacturing, the radial tire segment is anticipated to grow at a faster CAGR over the forecast period. This is mainly attributed to various benefits of radial tire, such as less ground compaction and damage, lower fuel consumption, reduction in replacement, decreased machine maintenance costs, and enhanced productivity. In addition, there has been a major shift towards the online shopping across the heavy commercial vehicles segment, are further surging the growth of the radial tire segment in the global automotive tires e-retailing market.

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Region – Segment Analysis

Based on the region, North America region is expected to grow at a higher CAGR over the forecast period. This region has experienced extensive changes in purchase patterns of consumers and an increase in the number of online shoppers. There is a strong presence of organized automotive tire e-retail suppliers, which include The Goodyear Tire & Rubber Company, Tire Rack, Amazon.com, Inc., among others, which are significantly contributing to the growth of the automotive tires e-retailing market in North America. 

Top Market Players

Various notable players operating in the market include Alibaba Group Holding Limited, Asbury Automotive Group, Amazon.com, Inc., JD.com, Inc., EBay Inc., MRF Ltd., Michelin, Rakuten, Inc., Walmart Inc., and The Goodyear Tire & Rubber Company, among others. 

Key Developments

• • In 2019, The Goodyear Tire & Rubber Company started its online channel for the sales of tires in Europe. It has offered German consumers the option to purchase tires and schedule installation through Goodyear’s website.
  • In 2019, Michelin collaborated with one of the largest retailers, JD.com, for the online sales of tires. The two companies planned to carry out a seamless integration to set a new benchmark of convenience for customers.

 Segments covered in the Report:

The global automotive tires e-retailing market has been segmented on the basis of tire type, vehicle type, manufacturing, and key regions. Based on tire type, the market is segmented into winter tires, summer tires, all season tires, and other tire types. Based on vehicle type, the market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, other vehicle types. Based on manufacturing, the market is segmented into radial tire and bias tire. 

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Key questions answered in this research report:

• • At what pace is global automotive tires e-retailing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in automotive tires e-retailing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global automotive tires e-retailing market?
  • Which tire type generated maximum revenues in 2019 and identify the most promising tire type during the forecast period?
  • What are the various vehicle type areas of global automotive tires e-retailing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 7,200 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Tire Type, By Vehicle Type, By Manufacturing, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Alibaba Group Holding Limited, Asbury Automotive Group, Amazon.com, Inc., JD.com, Inc., EBay Inc., MRF Ltd., Michelin, Rakuten, Inc., Walmart Inc., The Goodyear Tire & Rubber Company, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Tires E-Retailing Market by Tire Type

• • Winter Tires
  • Summer Tires
  • All Season Tires
  • Other Tire Types

Global Automotive Tires E-Retailing Market by Vehicle Type

• • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Other Vehicle Types

Global Automotive Tires E-Retailing Market by Manufacturing

• • Radial Tire
  • Bias Tire

Global Automotive Tires E-Retailing Market by Region

• • North America Automotive Tires E-Retailing Market (Option 1: As a part of the free 25% customization)
    • North America Automotive Tires E-Retailing Market by Tire Type
    • North America Automotive Tires E-Retailing Market by Vehicle Type
    • North America Automotive Tires E-Retailing Market by Manufacturing
    • US Automotive Tires E-Retailing Market All-Up
    • Canada Automotive Tires E-Retailing Market All-Up
  • Europe Automotive Tires E-Retailing Market (Option 2: As a part of the free 25% customization)
    • Europe Automotive Tires E-Retailing Market by Tire Type
    • Europe Automotive Tires E-Retailing Market by Vehicle Type
    • Europe Automotive Tires E-Retailing Market by Manufacturing
    • UK Automotive Tires E-Retailing Market All-Up
    • Germany Automotive Tires E-Retailing Market All-Up
    • France Automotive Tires E-Retailing Market All-Up
    • Spain Automotive Tires E-Retailing Market All-Up
    • Rest of Europe Automotive Tires E-Retailing Market All-Up
  • Asia-Pacific Automotive Tires E-Retailing Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Automotive Tires E-Retailing Market by Tire Type
    • Asia-Pacific Automotive Tires E-Retailing Market by Vehicle Type
    • Asia-Pacific Automotive Tires E-Retailing Market by Manufacturing
    • China Automotive Tires E-Retailing Market All-Up
    • India Automotive Tires E-Retailing Market All-Up
    • Japan Automotive Tires E-Retailing Market All-Up
    • Rest of APAC Automotive Tires E-Retailing Market All-Up
  • RoW Automotive Tires E-Retailing Market (Option 4: As a part of the free 25% customization)
    • RoW Automotive Tires E-Retailing Market by Tire Type
    • RoW Automotive Tires E-Retailing Market by Vehicle Type
    • RoW Automotive Tires E-Retailing Market by Manufacturing
    • Brazil Automotive Tires E-Retailing Market All-Up
    • South Africa Automotive Tires E-Retailing Market All-Up
    • Saudi Arabia Automotive Tires E-Retailing Market All-Up
    • UAE Automotive Tires E-Retailing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Tires E-Retailing Market All-Up

Major Players Operating in the Automotive Tires E-Retailing (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alibaba Group Holding Limited
  • Asbury Automotive Group
  • com, Inc.
  • com, Inc.
  • EBay Inc.
  • MRF Ltd.
  • Michelin
  • Rakuten, Inc.
  • Walmart Inc.
  • The Goodyear Tire & Rubber Company