Canada Tire Industry Insights: Size, Share, Growth, and Demand Analysis for the Next Decade

MarkNtel Advisors analyses the growth rate of the Canada Tire market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Canada Tire market, helping them make informed decisions.

Market Outlook – 2024-2030:

The Canada Tire Market size is valued at USD 5.1 billion in 2023 & is estimated to grow at a CAGR of around 2.4% during the forecast period, i.e., 2024-30. The market has a great influence on the sales of vehicles in the country. Back in 2019, the automotive industry witnessed substantial growth in terms of vehicle sales. However, with the Covid-19 pandemic in 2020, the market underwent a downfall. However, vehicle sales are reviving swiftly & have been displaying persistent growth since 2021, which, in turn, is augmenting the demand for tires across the country.

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Key Company Profiles

This report explores recent significant developments in the Canada Tire Market, focusing on the leading companies and their innovative profiles. The major players in the Canada Tire Market, featured in this report, include:

Continental Tire Canada
Bridgestone Canada (BSCA)
Yokohama Tire (Canada)
Hankook Tire Canada
Goodyear Canada
Michelin North America (Canada)
Kumho Tire Canada
Pirelli Tire
Toyo Tire Canada

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Canada Tire Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses and Trucks
- Medium and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
By Demand Category
- OEM
- Replacement
By Type of Tire
- Radial
- Bias

among all, Radial Tires dominated the Canada Tire Market with the largest share in recent years.

By Sales Channel
- Dealer/Exclusive Outlets
- Online
- Direct Sales
By Season
- All season
- Summer
- Winter
By Price Category
- Budget (Up to USD90)
- Economy (USD91-USD140
- Premium (Above USD140)
By Rim Diameter
- Up to 12”
- 1” to 15”
- ” to 18”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
By Region
- West
- North
- South
- East

Canada Tire Market Driver:

Stringent Norms Associated with Vehicle Safety - With an escalating number of road accidents, the Canadian government is encouraging automakers to manufacture tires with utmost safety while urging vehicle owners to replace tires timely and have periodic inspections on their conditions to ensure vehicle & passenger safety at all times. These aspects are likely to instigate the leading companies in the Canada Tire Market to introduce new products and enhance their overall product portfolio while delivering safer tires to the customers.

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Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

About Us:

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