The tire market is extremely competitive with well over 20 brands vying for consumer dollars. The challenge for brands is to remain top of mind in a long purchase cycle category.
Albany, NY -- (SBWIRE) -- 11/30/2017 -- Market Research Hub (MRH) has included a new report in its repository titled 'Tires in United states (US) during 2017.' The study report offers a detailed analysis and insights that are supported by vital statistics and data. The report defines the tire as, it is only the object that play the vital role in the ownership of the vehicle. As the typical tire lasts around for after driving through 30-40 thousand miles or it also depends on how much the car owner drive through during the time span of three or four years. Considering the frequent tire puncture or occasional flat will push the vehicle owner to buy the new set of the tire. Around 20 tire brands is struggling for consumer dollars, as the tire market is highly competitive. Now the challenge before the tire manufacturer is maintain the value of the brand in a long purchasing cycle section. Additionally, Goodyear tire retains the top market share in both light truck and passenger tires market and Walmart continues its success among young car ownership. According to the report, men more likely than women to know their current tire brand.
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This report also examines the following issues:
- Replacement tire market forecasted for growth
- Around Four in 10 car owners don't know the brand of tires on their tire right away.
- Less than half of tire buyers can tell when they need to replace their tires
- Tire buyers are very responsive to the cost incentives
Inclusion of the Report
The report starts with an overview and the executive summary. In overview section, what you need to know along with the basic definition gives the readers to get the idea about the scope of the report. This also include brief explanation about the market and the market value is included in the report. This report presents an in-depth insight and analysis backed by a range of data and statistics that cover the entire market outline presenting an overview of tires market outlook in US during 2017. Also, the introductory and the high-level content is provided to give a summary of the issues covered in the report. The report states about the factor responsible for the growth of the tire market and the average age of the vehicle increasing which leads to the growth of the tire market in US. The report also further deals with the key players of the tire market in U.S. The primary retail channel are also mentioned in this report.
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The report also talks about the passenger tire sales dwarf light truck tire sales. The report also examine about the price of the gas and diesel in U.S. As the smaller market is struggling to maintain the foothold in the tire market, as per the survey report. The report also examined the recent sale of the tire. Tire maintenance behavior and attitude towards the tire is also mentioned in the report. At the end, the report also summarized about the appendix data, abbreviation and supporting information which also includes, data sources, sales data, fan chart forecast, consumer survey data, direct marketing creative and abbreviations and terms.
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