Inquire Before Buying - Canada Tire Market Size, Share & Growth Forecast 2032

Canada Tire Market Research Report: Forecast (2026-2032)

By Type of Vehicle (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers), By Demand Category (OEM, Aftermarket), By Type...... of Tire (Radial, Bias), By Sales Channel (Direct Sales, Exclusive Outlets & Multi-brand Stores, Online), By Season (All season, Summer, Winter), By Price Category (Budget, Economy, Premium), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), and others Read more

Tire
May 2026
Pages 136
Report Format: PDF, Excel, PPT

Canada Tire Market Key Takeaways

The Canada tire market size was valued at USD 7.10 billion in 2025 and is projected to grow from USD 7.19 billion in 2026 to USD 10.15 billion by 2032.
The industry is anticipated to register a steady CAGR of 5.91% during 2026-2032.
The east region holds the largest share of about 48% in 2026.
By type of vehicle, the passenger cars hold a significant share of about 59% in 2026.
By demand category, the aftermarket segment seized a significant share of about 70% in 2026.
The industry is moderately fragmented. However, the top five players collectively account for nearly 70% share.

Canada Tire Market Size and Outlook

The Canada tire market is estimated to grow at a CAGR of around 5.91% during the forecast period, i.e., 2026-32. This significant growth is attributed to the rising vehicle ownership, accelerating EV adoption, and a well-established automotive manufacturing base. Demand remains structurally strong due to consistent vehicle usage across provinces, seasonal tire replacement cycles, and increasing preference for high-performance and fuel-efficient tire solutions across passenger and commercial vehicle categories. Harsh winter conditions further reinforce recurring replacement demand, strengthening overall market stability.

A key growth driver within Canada’s automotive production ecosystem remains its strong vehicle manufacturing base. In 2024, the country produced more than 1.31 million light-duty vehicles, supported by major OEMs such as Ford Motor Company, Toyota Motor Corporation, Honda Motor Co., Ltd., General Motors, and Stellantis. As highlighted by Innovation, Science and Economic Development Canada, this manufacturing base continues to reinforce both OEM and aftermarket tire demand through integrated supply chain activity. The expansion of EV manufacturing is further expected to strengthen demand for specialized tire categories designed for heavier vehicle platforms and enhanced efficiency requirements.

At the same time, the market is experiencing a clear shift toward smart tire technologies and low rolling resistance solutions, driven by rising EV penetration and connected mobility adoption. These innovations are increasingly being integrated into modern vehicles to enhance safety, improve fuel efficiency, and enable real-time performance monitoring, particularly across fleet and commercial applications.

Government support is also playing a reinforcing role. In 2025, Canada announced over USD 15.3 million in funding to advance transportation decarbonization and low-emission vehicle technologies. This is expected to accelerate demand for EV-compatible and energy-efficient tires as logistics operators and OEMs prioritize sustainability and emissions reduction.

Overall, the market is projected to grow from USD 7.19 billion in 2026 to USD 10.15 billion by 2032, driven by long-term structural factors including electrification trends, strong automotive production, supportive regulatory frameworks, and evolving consumer preferences toward advanced tire technologies.

Canada Tire Market Key Indicators

Canada imported approximately USD 4.2 billion worth of rubber tires annually, while exports were around USD 2.3 billion, resulting in a clear trade deficit in the tire segment. This reflects strong domestic consumption driven by vehicle ownership, replacement demand, and seasonal tire usage across the Canadian automotive market.
Statistics Canada recorded 487,618 battery-electric vehicle (BEV) registrations on Canadian roads in 2024, a 48.8% increase. The expanding BEV fleet creates differentiated demand for tires specifically engineered to accommodate higher vehicle weight, instant torque delivery, and the reduced rolling resistance requirements characteristic of electric drivetrains, a product category with no direct substitute in the standard tire portfolio.
Canada motor vehicle production reached approximately 1.34 million units in 2024, supported by a strong manufacturing base concentrated in Ontario. This output continues to reinforce OEM tire demand, strengthen automotive supply chains, and support long-term expansion in advanced tire manufacturing, particularly as EV and hybrid vehicle production gradually scales within the country's automotive ecosystem.
Statistics Canada indicates that multi-purpose vehicles, including SUVs and crossovers, accounted for about 10.3 million registrations in 2024, representing 41.9% of the light-duty vehicle fleet. This sustained shift toward larger vehicles is increasing tire size requirements, accelerating replacement cycles, and driving higher demand for durable tire solutions and premium product segments across the Canadian tire market.

Canada Tire Market Scope

Category	Segments
By Type of Vehicle	Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers
By Demand Category	OEM, Aftermarket
By Type of Tire	Radial, Bias
By Sales Channel	Direct Sales, Exclusive Outlets & Multi-brand Stores, Online
By Season	All season, Summer, Winter
By Price Category	Budget, Economy, Premium
By Tire Size	Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5

Canada Tire Market Growth Drivers

Rising Vehicle Ownership

Rising vehicle ownership continues to strengthen tire demand across Canada, supported by expanding passenger mobility, SUV adoption, and increasing vehicle registrations. According to Statistics Canada, total road motor vehicle registrations reached approximately 26.8 million units in 2024, reflecting a 4.2% increase. Light-duty vehicles represented more than 91% of registrations, while SUVs and crossover vehicles accounted for nearly 42% of the fleet, significantly increasing replacement tire consumption due to higher tire wear and larger tire fitments.

The rise in new vehicle purchases is also supporting OEM and aftermarket tire demand. Statistics Canada Vehicle Registration Data reported that new motor vehicle registrations increased by 8.0% in 2024, reaching nearly 1.85 million units, while zero-emission vehicle registrations rose by 43.6% year-over-year. EV adoption is creating additional demand for specialized low rolling resistance and high-load tires due to the heavier weight and torque profile of electric vehicles.

Beyond 2025, Canada's automotive expansion plans are expected to further support tire consumption. For example, Ontario announced automotive supply chain investments exceeding USD 0.72 billion to strengthen EV manufacturing capacity and future mobility infrastructure. These developments are expected to increase vehicle production, expand the active vehicle fleet, and accelerate long-term replacement tire demand across Canada.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Canada Tire Market Supply Chain Analysis
Canada Tire Market Trends & Developments
Canada Tire Market Production (Thousand Units) Trend 2022-2032
1. Canada Tire Market Production (Thousand Units) Trend by Type of tire
  1. Radial
  2. Bias
2. Company-Wise Production Plants and Statistics
  1. Installed Production Capacity
  2. Actual Production
  3. Planned Production Target
Canada Tire Market Dynamics
1. Growth Drivers
2. Challenges
Canada Tire Market Pricing Analysis
Canada Tire Market Import Export Statistics
Canada Tire Market Regulations, Policies, and Product Standards
Canada Tire Market Outlook 2022-2032F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- (Thousand Units)
    1. Passenger Car
    2. Light Commercial Vehicle
    3. Medium and Heavy Commercial Vehicles
    4. Off the Road (OTR)
    5. Two Wheelers
  2. By Demand Category- (Thousand Units)
    1. OEM
    2. Aftermarket
  3. By Type of Tire- (Thousand Units)
    1. Radial
    2. Bias
  4. By Sales Channel- (Thousand Units)
    1. Direct Sales
    2. Exclusive Outlets & Multi-brand Stores
    3. Online
  5. By Season- (Thousand Units)
    1. All season
    2. Summer
    3. Winter
  6. By Price Category- (Thousand Units)
    1. Budget
    2. Economy
    3. Premium
  7. By Tire Size- (Thousand Units)
    1. Tire Size 1
    2. Tire Size 2
    3. Tire Size 3
    4. Tire Size 4
    5. Tire Size 5
  8. By Region
    1. East
    2. West
    3. North
    4. South
  9. By Company
    1. Competition Characteristics
    2. Volume Shares
Canada Passenger Car Tire Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- (Thousand Units)
    1. Hatchback
    2. Sedan
    3. SUV
  2. By Demand Category- (Thousand Units)
  3. By Type of Tire- (Thousand Units)
  4. By Sales Channel- (Thousand Units)
  5. By Price Category- (Thousand Units)
  6. By Tire Size- (Thousand Units)
  7. By Company
Canada Light Commercial Vehicle Tire Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- (Thousand Units)
    1. Light Trucks
    2. Light Buses
    3. Pick-up Trucks and Vans
  2. By Demand Category- (Thousand Units)
  3. By Type of Tire- (Thousand Units)
  4. By Sales Channel- (Thousand Units)
  5. By Price Category- (Thousand Units)
  6. By Tire Size- (Thousand Units)
  7. By Company
Canada Medium and Heavy Commercial Vehicle Tire Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- (Thousand Units)
    1. Buses
    2. Trucks
  2. By Demand Category- (Thousand Units)
  3. By Type of Tire- (Thousand Units)
  4. By Sales Channel- (Thousand Units)
  5. By Price Category- (Thousand Units)
  6. By Tire Size- (Thousand Units)
  7. By Company
Canada Two-Wheeler Tire Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- (Thousand Units)
    1. Scooters and Mopeds
    2. Motorcycles
  2. By Demand Category- (Thousand Units)
  3. By Type of Tire- (Thousand Units)
  4. By Sales Channel- (Thousand Units)
  5. By Price Category- (Thousand Units)
  6. By Tire Size- (Thousand Units)
  7. By Company
Canada OTR Vehicle Tire Market Outlook, 2022-2032F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- (Thousand Units)
    1. Earthmoving Equipment
    2. Agricultural Vehicles
    3. Material Handling Vehicles
  2. By Demand Category- (Thousand Units)
  3. By Type of Tire- (Thousand Units)
  4. By Sales Channel- (Thousand Units)
  5. By Price Category- (Thousand Units)
  6. By Tire Size- (Thousand Units)
  7. By Company
Canada Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Continental AG
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Bridgestone Corporation
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Pirelli & C. S.p.A.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Yokohama Rubber Company Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Hankook Tire Co., Ltd.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Goodyear Tire & Rubber Company
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Toyo Tire and Rubber Company
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Michelin Group
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Sumitomo Rubber Industries Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Apollo Tires
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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