Close, but not yet in the top 20 – tyre retailers pushing forward

Wednesday 26th April 2017 | 0 Comments

 

By definition, the top 20 ranking focuses its attention on the 20 largest retail chains in a given year. However, it would be wrong to assume that there aren’t equally important changes outside the top 20. Take the next five positions for example, there have also been significant changes in the fifth tier (positions 21 to 25 inclusive). And, with some 20,000 points of sale where tyres can be bought in total (including garages), all 25 positions only account for the top 10 per cent of the overall market. With that in mind, let’s take a look at those that just missed out on the attention of being in the top 20.

Elite Garages is the closest to the top 20, staying stable on 14 branches and holding 21st position. This means expansion of just one branch would push the company into contention for 20th position.

Next up is Tyre Force NW, which has added four branches since the last retail ranking. Currently residing in 22nd position, the company has added 10 branches in the last eight years, four of which have joined the network in the last 12 months.

23rd position is occupied by Eden Tyres, which, following the opening of the firm’s 13th branch in early April 2017 now has 5 more centres than it did eight years ago.

Eden opened its 13th tyre retail location in Ashby de la Zouch on Monday 3 April. The firm has grown rapidly in recent years and its retail chain is now more than twice the size it was in 2009. And what’s more, with the company reporting bookings in the diary every day of opening week, the new business has got off to a great start. Based on recent growth, it looks likely that Eden Tyres will enter the top 20 in the next year or two.

Dexel Tyres remains stable in 24th place, with 12 branches. Indeed, Dexel’s retail growth is so stable it has managed to consistently operate a dozen branches since our 2011/2012 coverage. Before this, the firm had a 13th centre, according to our 2010/2011 data.

And finally, after a degree of branch attrition, Tanvic Tyres can be found in 25th position, with 12 branches. Attrition aside, Tanvic’s retail network is still 50 per cent bigger than it was in 2008/2009.

To view the complete 2017 UK tyre retail ranking, click here.

Just missed out
Firm 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 Change
Elite Garages 18 18 18 14 14 0
Tyre Force NW 7 7 7 11 13 4
Eden Tyres n/a n/a 10 12 13 1
Dexel Tyres 12 12 12 12 12 0
Tanvic Tyres 9 16 17 17 12 -3
Sources: T&A Research; Company information, NTDA

Tags: , , ,

Category: Company News, Leading Retailers (UK), UK News