Market Research Report
Canada Tire Market By Vehicle Type(Passenger Cars, Light/Medium & Heavy Commercial Vehicles, Two-Wheelers/Off Road Vehicles), Demand Category(OEM Vs Replacement), Radial Vs Bias, Tube Vs Tubeless, Competition, Forecast & Opportunities, 2024
|Published by||TechSci Research||Product code||859756|
|Published||Content info||75 Pages
Delivery time: 1-2 business days
|Canada Tire Market By Vehicle Type(Passenger Cars, Light/Medium & Heavy Commercial Vehicles, Two-Wheelers/Off Road Vehicles), Demand Category(OEM Vs Replacement), Radial Vs Bias, Tube Vs Tubeless, Competition, Forecast & Opportunities, 2024|
|Published: May 1, 2019||Content info: 75 Pages||
Canada Tire Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two- Wheelers & Off Road Vehicles), By Demand Category (OEM Vs Replacement), By Radial Vs Bias, By Tube Vs Tubeless, Competition, Forecast & Opportunities, 2024 .
Canada 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, tire demand 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, demand for passenger car tires is expected to account for the largest market share during the forecast period.
Some of the major players operating in Canada 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.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major tire suppliers across Canada.
TechSci Research calculated Canada tire market size by using a bottom-up technique, wherein manufacturers' volume sales data for different vehicle types, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.
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.
In this report, Canada tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in Canada tire market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: