Automotive Tires E-Retailing Market size to grow by USD 10,797.53 million from 2022 to 2027, The rise in sales of passenger vehicles globally to boost market growth – Technavio

NEW YORK, May 26, 2023 /PRNewswire/ — The automotive tires e-retailing market size is forecast to increase by USD 10,797.53 million from 2022 to 2027, at a CAGR of 15.3%, according to the recent market study by Technavio. The growth of the market will be driven by the rise in sales of passenger vehicles globally, consumer inclination toward online tire purchases, and the convenience of presenting a wider portfolio of automotive products. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Continue Reading


Technavio has announced its latest market research report titled Global Automotive Tires E-Retailing Market 2023-2027

Technavio has extensively analyzed 15 major vendors, including 1A Auto Inc., Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., CarParts.com Inc., Cummins Inc., Delticom AG, DENSO Corp., eBay Inc., HELLA GmbH and Co. KGaA, Icahn Automotive Group LLC, JD.com Inc., LKQ Corp., PARTS iD Inc., Rakuten Group Inc., Robert Bosch GmbH, RockAuto LLC, The Goodyear Tire and Rubber Co., and Walmart Inc.

Get a holistic overview of the endoscopic closure devices market by industry experts to evaluate and develop growth strategies. Download the Sample

Key Benefits for Industry Players and Stakeholders – 

The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future – To get requisite details, ask for a custom report.

Automotive Tires E-Retailing Market -Market Dynamics

Key Drivers

The rise in sales of passenger vehicles globally notably drives the automotive tires e-retailing market growth. 
Vehicles sold in America have better construction with sturdier construction and more durable engines. 
Vehicles currently produced in the market have a longer service life with the average age of vehicles in the US increasing year by year. 
This encourages consumers to keep their vehicles longer, increasing the average vehicle age, and thus, the demand for auto spare parts such as tires is increasing all over the world.
As cars are used for a long time, they require regular maintenance in order to function properly, which increases demand for tires to replace old and worn tires through offline or online channels.
Hence, such factors boost the market growth of automotive tires e-retailing during the forecast period.

Major Trends

Increasing adoption of RTB is identified as the major trend in the global automotive tires e-retailing market. 
E-commerce is a market that is expected to make extensive use of RTB to target customers during the forecast period.
A similar concept could be adopted for the online trading of car tires and since more vendors enter the market, RTB implementations may become a differentiator between vendors. 
Real-time bidding (RTB) is an online bidding process that enables marketers, advertising agencies, and media buying agencies to trade display ad inventory in real-time.
Hence, increasing adoption of RTB is a trend that is likely to drive the growth of the focused market during the forecast period.

Significant Challenges

Difficulty in retention of loyal customers online is a challenge that may impede the growth of the automotive tires e-retailing market growth. 
Purchasing tires significantly increases the customer’s overall shopping cart value.
Due to the undifferentiated product, there is a risk of intense price competition in the market, as well as the multiple options available to customers present a significant challenge for online tire suppliers. Online retail gives customers complete control over their purchasing decisions and thus, online tire suppliers will find it difficult to attract customers.
Moreover, creating a customer-facing website is expensive and requires a lot of research to understand customer behavior.
Therefore, the difficulty in keeping loyal customers online will pose a challenge to the growth of the global e-retail automotive tire market during the forecast period.  

Automotive Tires E-Retailing Market – Segmentation Analysis

The market is segmented by Type (Radial tire and Base tire), Application (Passenger cars, Light commercial vehicles, and Heavy commercial vehicles), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

The market share growth by the radial tire segment will be significant for overall market growth during the forecast period. Long-established tire manufacturers such as Michelin, Bridgestone, Goodyear, and Continental offer a wide range of radial tires through their respective e-commerce platforms. The vehicles include passenger cars, light trucks, and commercial vehicles. For instance, Michelin offers a range of radial tires on their website, including the Michelin Defender, which is designed for durability and performance all year round. Hence, such factors drive segment growth during the forecast period. 

To get detailed insights about inclusions and exclusions, buy the report 

What are the key data covered in this Automotive Tires E-Retailing Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the automotive tires E-Retailing market between 2023 and 2027
Precise estimation of the size of the automotive tires E-Retailing market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the automotive tires E-Retailing market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of automotive tires E-Retailing market vendors

Gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform
 

Related Reports:

The automotive retreaded tires market size is expected to increase by USD 2.73 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.78%. Furthermore, this report extensively covers automotive retreaded tires market segmentation by product (precure and mold cure) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The cost advantage of retreaded tires is notably driving the automotive retreaded tires market growth.

The automotive airless tire market size is expected to increase to USD 251.06 million from 2021 to 2026, at a CAGR of 4.33%. Furthermore, this report extensively covers automotive airless tire market segmentation by material (rubber and plastic) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The performance benefits of using airless tires is notably driving the automotive airless tire market growth.

Automotive Tires E-Retailing Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.3%

Market growth 2023-2027

USD 10,797.53 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.55

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

1A Auto Inc., Advance Auto Parts Inc., Alibaba Group Holding Ltd., Amazon.com Inc., AutoZone Inc., CarParts.com Inc., Cummins Inc., Delticom AG, DENSO Corp., eBay Inc., HELLA GmbH and Co. KGaA, Icahn Automotive Group LLC, JD.com Inc., LKQ Corp., PARTS iD Inc., Rakuten Group Inc., Robert Bosch GmbH, RockAuto LLC, The Goodyear Tire and Rubber Co., and Walmart Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis 

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027 

Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global automotive tires E-retailing market 2017 – 2021 

Exhibit 18: Historic Market Size – Data Table on global automotive tires e-retailing market 2017 – 2021 ($ million)

4.2 Type Segment Analysis 2017 – 2021 

Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

4.3 Application Segment Analysis 2017 – 2021 

Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

4.4 Geography Segment Analysis 2017 – 2021 

Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

4.5 Country Segment Analysis 2017 – 2021 

Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

5.2 Bargaining power of buyers 

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers 

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants 

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes 

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments

Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

6.2 Comparison by Type

Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type

6.3 Radial tire – Market size and forecast 2022-2027 

Exhibit 34: Chart on Radial tire – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Radial tire – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Radial tire – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Radial tire – Year-over-year growth 2022-2027 (%)

6.4 Base tire – Market size and forecast 2022-2027 

Exhibit 38: Chart on Base tire – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Base tire – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Base tire – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Base tire – Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type 

Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments

Exhibit 44: Chart on Application – Market share 2022-2027 (%)
Exhibit 45: Data Table on Application – Market share 2022-2027 (%)

7.2 Comparison by Application 

Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application

7.3 Passenger cars – Market size and forecast 2022-2027 

Exhibit 48: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)

7.4 Light commercial vehicles – Market size and forecast 2022-2027 

Exhibit 52: Chart on Light commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Light commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Light commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Light commercial vehicles – Year-over-year growth 2022-2027 (%)

7.5 Heavy commercial vehicles – Market size and forecast 2022-2027 

Exhibit 56: Chart on Heavy commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Heavy commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Heavy commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Heavy commercial vehicles – Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Application 

Exhibit 60: Market opportunity by Application ($ million)
Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview 

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation 

Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison 

Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison

9.3 North America – Market size and forecast 2022-2027 

Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.4 Europe – Market size and forecast 2022-2027 

Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.5 APAC – Market size and forecast 2022-2027 

Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.6 South America – Market size and forecast 2022-2027 

Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa – Market size and forecast 2022-2027 

Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.8 US – Market size and forecast 2022-2027 

Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

9.9 China – Market size and forecast 2022-2027 

Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

9.10 Germany – Market size and forecast 2022-2027 

Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.11 Japan – Market size and forecast 2022-2027 

Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

9.12 India – Market size and forecast 2022-2027 

Exhibit 103: Chart on India – Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on India – Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on India – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography 

Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges 

Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

11.4 Industry risks

Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 113: Vendors covered

12.2 Market positioning of vendors 

Exhibit 114: Matrix on vendor position and classification

12.3 1A Auto Inc.

Exhibit 115: 1A Auto Inc. – Overview
Exhibit 116: 1A Auto Inc. – Product / Service
Exhibit 117: 1A Auto Inc. – Key offerings

12.4 Advance Auto Parts Inc. 

Exhibit 118: Advance Auto Parts Inc. – Overview
Exhibit 119: Advance Auto Parts Inc. – Product / Service
Exhibit 120: Advance Auto Parts Inc. – Key offerings

12.5 Alibaba Group Holding Ltd. 

Exhibit 121: Alibaba Group Holding Ltd. – Overview
Exhibit 122: Alibaba Group Holding Ltd. – Business segments
Exhibit 123: Alibaba Group Holding Ltd. – Key offerings
Exhibit 124: Alibaba Group Holding Ltd. – Segment focus

12.6 Amazon.com Inc.

Exhibit 125: Amazon.com Inc. – Overview
Exhibit 126: Amazon.com Inc. – Business segments
Exhibit 127: Amazon.com Inc. – Key news
Exhibit 128: Amazon.com Inc. – Key offerings
Exhibit 129: Amazon.com Inc. – Segment focus

12.7 AutoZone Inc.

Exhibit 130: AutoZone Inc. – Overview
Exhibit 131: AutoZone Inc. – Product / Service
Exhibit 132: AutoZone Inc. – Key offerings

12.8 CarParts.com Inc.

Exhibit 133: CarParts.com Inc. – Overview
Exhibit 134: CarParts.com Inc. – Product / Service
Exhibit 135: CarParts.com Inc. – Key offerings

12.9 Cummins Inc.

Exhibit 136: Cummins Inc. – Overview
Exhibit 137: Cummins Inc. – Business segments
Exhibit 138: Cummins Inc. – Key offerings
Exhibit 139: Cummins Inc. – Segment focus

12.10 Delticom AG

Exhibit 140: Delticom AG – Overview
Exhibit 141: Delticom AG – Product / Service
Exhibit 142: Delticom AG – Key offerings

12.11 DENSO Corp.

Exhibit 143: DENSO Corp. – Overview
Exhibit 144: DENSO Corp. – Business segments
Exhibit 145: DENSO Corp. – Key news
Exhibit 146: DENSO Corp. – Key offerings
Exhibit 147: DENSO Corp. – Segment focus

12.12 eBay Inc.

Exhibit 148: eBay Inc. – Overview
Exhibit 149: eBay Inc. – Product / Service
Exhibit 150: eBay Inc. – Key news
Exhibit 151: eBay Inc. – Key offerings

12.13 HELLA GmbH and Co. KGaA 

Exhibit 152: HELLA GmbH and Co. KGaA – Overview
Exhibit 153: HELLA GmbH and Co. KGaA – Business segments
Exhibit 154: HELLA GmbH and Co. KGaA – Key news
Exhibit 155: HELLA GmbH and Co. KGaA – Key offerings
Exhibit 156: HELLA GmbH and Co. KGaA – Segment focus

12.14 Icahn Automotive Group LLC 

Exhibit 157: Icahn Automotive Group LLC – Overview
Exhibit 158: Icahn Automotive Group LLC – Product / Service
Exhibit 159: Icahn Automotive Group LLC – Key offerings

12.15 LKQ Corp.

Exhibit 160: LKQ Corp. – Overview
Exhibit 161: LKQ Corp. – Key offerings

12.16 PARTS iD Inc.

Exhibit 162: PARTS iD Inc. – Overview
Exhibit 163: PARTS iD Inc. – Product / Service
Exhibit 164: PARTS iD Inc. – Key offerings

12.17 Robert Bosch GmbH

Exhibit 165: Robert Bosch GmbH – Overview
Exhibit 166: Robert Bosch GmbH – Business segments
Exhibit 167: Robert Bosch GmbH – Key news
Exhibit 168: Robert Bosch GmbH – Key offerings
Exhibit 169: Robert Bosch GmbH – Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist 

Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist

13.3 Currency conversion rates for US$ 

Exhibit 172: Currency conversion rates for US$

13.4 Research methodology

Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources

13.5 List of abbreviations 

Exhibit 176: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Go to Source