What goes around, comes around, and that includes the ability of the UK tyre market to rise up after a tough spell. Sales figures rose in 2016, and the light commercial market in particular showed healthy month on month growth. This profitable spell is largely thanks to car production reaching a 17 year high.
However, tyre replacement for fleet users is viewed as one of the strongest growth opportunities. This will help to contribute to a forecasted rise to a global value of $6 billion by 2021. Like any other sector of the automotive industry, tyre services rely on strong supply chains and tight controls on costs, something that can be hugely underpinned by seeking out the right franchising contract.
Finding the right contract enables you to benefit from preexisting strengths that a company has had in building brand loyalty and gaining the best industry contacts. Additionally, by keeping the unit price of tyres down through supply agreements with manufacturers, the big players offer economies of scale. In the tyre fitting game, technology is a vital part of seamless delivery and service systems. This is another key component of franchise businesses. Parent companies can also help with staff training, and compliance with stringent Health & Safety regulations and indemnity obligations.
The choice of parent companies is impressive, and includes etyres and Hometyre, both of which are web-based, mobile tyre supply firms. Alternatively, HiQ and EuroFit Auto Centres rely on the more traditional shopfront tyre fitting venues. Possibly one of the biggest names in tyre supply, Kwik Fit, is also on the look out for new franchise partnerships in the UK. National Tyres and Autocare are also currently tying up deals with forward looking entrepreneurs.
Make sure your ambition is pumped up, by beginning negotiations with a tyre franchise partner who can get your business on the road swiftly. Contact us today to find out more.