Tire Dealers in Canada - Industry Market Research Report

Spare tire: Improvements in the economy will stimulate new vehicle sales, inhibiting revenue growth

Tire dealers in Canada sell tires and tire tubes for passenger cars, sport-utility vehicles (SUVs) and commercial trucks. Companies also offer maintenance services to their customers. Right before the pandemic, high-interest rates discouraged new car sales. Consumers with older cars need their tires replaced more often, so fewer sales of new vehicles benefited the industry in 2018 and 2019. The industry was threatened during COVID-19 because of the weak manufacturing sector, but massive government aid boosted per capita disposable incomes in Canada, raising demand for tires and enabling revenue to grow in 2020. As global oil prices surged during the pandemic recovery, Canadians have driven less. Since fewer cars are on the road, tires haven't been getting worn out and replaced as often, reducing revenue growth.

Tire dealers in Canada retails tires and tire tubes for passenger cars, sport-utility vehicles (SUVs) and commercial trucks. Businesses that offer maintenance services along with tire sales are included in this industry. Car dealership tire services and online tire sellers are excluded.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.