Wheels in motion: Rising road freight volumes have supported demand for tyre retailing
Tyre retailers sell new and used tyres and tubes for motor vehicles, including passenger vehicles, commercial vehicles, motorcycles, scooters and other vehicles. Some retailers also provide tyre-related after-sales services, like wheel alignment and balancing, and puncture repairs. Retailers have benefited from an increase in the size and age of New Zealand's vehicle fleet over the past five years. Growth in the number of motor vehicles in New Zealand has boosted the potential market for new tyres, while ageing older vehicles have had more use and require more frequent tyre replacements. Weakening economic conditions and the increasing availability of low-cost tyres have severely constrained the industry's performance over the period. Industry-wide revenue has been declining at an annualized 2.0% over the past five years and is expected to total $953.3 million in 2023-24, when revenue will drop by an estimated 2.5%.
Tyre retailers primarily retail new and reconditioned tyres for motor vehicles. Retailers also carry out fitting services like wheel balances and alignments. Online-only tyre retailers are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bridgestone New Zealand Limited
Methodology
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