Market Forces and Technology May Change the Shape of the Industry

The wheel and tire market has improved over the past year, according to a widely held consensus among professionals in the automotive specialty-equipment industry. New offerings, technology and an improving economy bode well for sales in 2015, but there are also impediments that may deflate some of the optimism.

Held in conjunction with the recent 2014 SEMA Show, the annual Global Tire Expo (GTE)—Powered by the Tire Industry Association (TIA)—continued its reputation as a world-class “show within a show,” highlighting the tire niche’s tremendous significance within the automotive specialty-equipment marketplace. A Wave of New Tire Products Hits the 2014 SEMA Show

Held in conjunction with the recent 2014 SEMA Show, the annual Global Tire Expo (GTE)—Powered by the Tire Industry Association (TIA)—continued its reputation as a world-class “show within a show,” highlighting the tire niche’s tremendous significance within the automotive specialty-equipment marketplace.

While the economy continues to influence the tire and wheel markets, the greatest impacts on the industry have resulted from the elimination of the tariffs on Chinese tires, the steady growth of lower rolling resistance tires, advances in technology and the proliferation of Internet research, according to knowledgeable wheel-and-tire pros and media. They shared their views for this latest look at trends in their segments of the specialty-equipment marketplace.

Every year, more than 1,500 vehicles are displayed at the SEMA Show. Many of them are customized in the months leading up to the Show, and each represents a collaboration between manufacturers that provide parts and support and the owner/design team that brings the vehicle to the Show. The question is, what goes into a successful project build, and how is it possible to generate a tangible payoff for each participant?

Given the importance of wheels in today’s automotive aftermarket, it’s hard to imagine a time when they weren’t a driving force (no pun intended) in vehicle modification and personalization. But that’s exactly what LeRoi “Tex” Smith said to open his November 1963 Hot Rod magazine article about custom and racing wheels.

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