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The Canadian tire market stood at $ 4.9 billion in 2018 and is projected to grow at a CAGR of around 4.9% during 2019-2024 to reach $ 6.4 billion by 2024, on the back of increasing industrialization and growing penetration of online sales channels across the country. The tire market in Canada relies on tire imports from several countries. Moreover, the demand for tire is anticipated to grow from the replacement sector, as the automobile fleet in the country has been growing at a brisk pace over the last several years. The tire industry of Canada is categorized into different vehicle segments namely passenger cars, light commercial vehicles, medium & heavy commercial vehicles, off-the road vehicles and two-wheelers. Owing to high production and sales volume of passenger cars, the demand for passenger car tires is expected to account for the largest market share during the forecast period.
Years considered for this report:
- Historical Years: 2014 - 2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the Canadian tire market size.
- To classify and forecast the Canadian tire market based on vehicle type, demand category, radial vs bias, tube vs tubeless, region and company.
- To identify drivers and challenges for the Canadian tire market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Canadian tire market.
- To identify and analyze the profile of leading players operating in Canada tire market.
Some of the major players operating in the Canadian tire market are Michelin North America (Canada) Inc., Goodyear Canada Inc., Bridgestone Canada Inc. (BSCA), Hankook Tire Canada Corporation, Continental Tire Canada, Inc., Pirelli Tire Inc., Kumho Tire Canada Inc., Yokohama Tire (Canada) Inc., Toyo Tire Canada Inc. and Cooper Tire & Rubber Company Canada Ltd.
Key Target Audience:
- Car Manufacturing Companies
- Raw Material Suppliers
- Dealers/Distributors of Tires
- Governments and financial institutions
- Research organizations and consulting companies.
- Associations, organizations, forums and alliances related to tires.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automobile manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, the Canadian tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
- Off the Road
- Two-Wheelers
Market, by Demand Category:
- OEM
- Replacement
Market, by Radial vs Bia
Market, by Tube vs Tubeless
Market, by Region
- Ontario
- Quebec
- The West
- British Columbia
- Atlantic Canada
- The North
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Canadian tire market.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Table of Contents
1. Product Overview2. Research Methodology3. Analyst View4. Canada Tire Production Overview
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bridgestone Canada Inc. (BSCA)
- Continental Tire Canada, Inc.
- Goodyear Canada Inc.
- Hankook Tire Canada Corporation
- Kumho Tire Canada Inc.
- Michelin North America (Canada) Inc.
- Pirelli Tire Inc.
- Yokohama Tire (Canada) Inc.
