TechNavio today launched its report Light Vehicle Tire Aftermarket in the US 2011“2015 based on an in-depth study focusing exclusively on the US. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Automotive team said; The Light Vehicle Tire aftermarket in the US continues to undergo consolidation as a means of enhancing competitiveness. Slow market growth and declining profit margins have increased the need for higher volume production and broader product portfolios. Thus, the Light Vehicle Tire aftermarket in the US is expected to witness consolidation in the near future.
According to the report, the Light Vehicle Tire aftermarket in the US is witnessing growing demand for good-quality, high-performance tires. As a result of the increasing number of vehicles on the road and lack of public transportation, the usage of personal vehicles has increased, consequently pushing the demand for automotive parts and accessories. The maintenance and servicing of older vehicles also contributes to the demand for good-quality tires. Furthermore, aggressive driving habits lead to faster wearing out of tires, which drives the aftermarket. All these factors contribute to the growth of the Light Vehicle Tire aftermarket in the US.
Further, the report also discusses that the lack of qualified technicians in the aftermarket has led to end-users leaning toward the Original Equipment market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/light-vehicle-tire-aftermarket-us-2011-2015
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TechNavio Announces the Publication of its Report “ Light Vehicle Tire Aftermarket in the US 2011“2015
