Automotive Tires E-Retailing Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
Analysts at GMI Research estimates that the Automotive Tires E-Retailing Market is forecast to growing at CAGR of 13.5% from 2023-2030.
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Major Automotive Tires E-Retailing Market Drivers
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
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- 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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|
Report Coverage |
Details |
| Market Revenues (2022) |
USD billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD billion) |
| 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
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- Winter Tires
- Summer Tires
- All Season Tires
- Other Tire Types
Global Automotive Tires E-Retailing Market by Vehicle Type
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- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Other Vehicle Types
Global Automotive Tires E-Retailing Market by Manufacturing
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- Radial Tire
- Bias Tire
Global Automotive Tires E-Retailing Market by Region
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North America Automotive Tires E-Retailing Market (Option 1: As a part of the free 25% customization)
- By Tire Type
- By Vehicle Type
- By Manufacturing
- US Market All-Up
- Canada Market All-Up
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Europe Automotive Tires E-Retailing Market (Option 2: As a part of the free 25% customization)
- By Tire Type
- By Vehicle Type
- By Manufacturing
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
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Asia-Pacific Automotive Tires E-Retailing Market (Option 3: As a part of the free 25% customization)
- By Tire Type
- By Vehicle Type
- By Manufacturing
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
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RoW Automotive Tires E-Retailing Market (Option 4: As a part of the free 25% customization)
- By Tire Type
- By Vehicle Type
- By Manufacturing
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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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)
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- 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
Frequently Asked Question About This Report
Automotive Tires E-Retailing Market [UP1834-001001]
Automotive Tires E-Retailing Market is anticipated to grow at 13.5% during the forecast period.
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.
The leading players in Automotive Tires E-Retailing 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.
North America region is expected to grow at a higher CAGR during the forecast period. This region has experienced extensive changes in purchase patterns of consumers and an increase in the number of online shoppers.
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