By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers), By Demand Category (OEM and Replacement), By Type of Tires (Radial and Bias), By Sales Channel (Dealer/Exclusive Outlets, Online and Others), By Season (All season, Summer), By Price Category (Budget, Economy, Premium), By Rim Diameter (Up to 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Region (Northeast, South, Southeast), By Co
Canada is one of the biggest producers of passenger cars, heavy vehicles and automotive components for North America. The increase in construction activities interwoven with the surging population and rising urbanization is placing a positive influence over the tire market. Moreover, the rise in the sales of a new motor vehicle from 127,734 units in 2017 to 169,967 units is 2019 projected to elevate the tire market in the region.
Proliferating Emergence of EV is Boosting the Demand for Tires
According to the MarkNtel Advisors’ research report, “Canada Tire Market Analysis, 2020”, is expected to grow at a CAGR of around 2% during 2020-25. The mounting sales and registration of new motor vehicles are anticipated to bolster the Canada tire market. The registration of all fuel type motor vehicle has surged from 1,886,196 units in 2015 to 1,978,562 units in 2018. The emergence of an electric vehicle is also gaining pace in the region. For instance, the registration of new battery, hybrid and Plug-in hybrid as surged from 24,197 in 2015 to 69,010 in 2018. Thereby, emanating the market of the high-performance tire in the region.
Spike in the import of public transport vehicles and construction activity is elevating the demand for MHCV tires in Canada. For instance, Canadian imports of buses and other public transport passenger vehicles increased by 2.6% in 2019, due to ongoing upgrades of public transportation, thereby, surging the demand for replacement tire in the country.
Ontario holds the majority share in the tire market as the registration of a new motor vehicle on account of the highest number of unit car production in the region. Moreover, Ontario is home for a lot of automobile giants such as General Motors, Ford, Chrysler, Toyota and Honda in the passenger car segment and has 12 manufacturing units collectively from the USA and Japan have their manufacturing plants in Ontario.
Quebec also holds a considerable market share in the Canada tire market. Other states like British Colombia, Alberta, and others had significantly less market share. Moreover, the lesser population in comparison with larger provinces like Ontario has been the major reason for smaller unit sales.
According to the MarkNtel Advisors, the major leading players are Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Kumho, Pirelli, Toyo and Cooper among others. Michelin, Goodyear, and Bridgestone. Due to global issue companies are coming up with the advance tire that saves fuel to take advantage of the other competitor. For instance, in 2019, Michelin Launches Most Fuel-Efficient Drive Tire in Canada.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Canada Tire Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Canada Tire Market?
Who are the key competitors or market players and how they perform in Canada Tire market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Canada Tire Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Revenues (USD Million)
Units Sold (Thousand Units)
Market Share & Analysis
By Type of Vehicles
Light Commercial Vehicle
Buses and Trucks
Medium and Heavy Commercial Vehicles
Off the Road (OTR)
By Type of Tire
By Sales Channel
Dealers/ Exclusive Outlets
By Rim Size
Up to 12”
12.1” to 15”
15.1.” to 18”
18.1” to 20”
20.1” to 22.5”
22.6” to 26”
26.1” to 35”
35.1” to 47”
By Price Category
Budget (Up to USD90)
Premium (Above USD140)
Strategic Factorial Indexing
Competitor Placement in MarkNtel Quadrant
Canada Passenger Car Tire Market Analysis, 2015-2025F (USD Million)
Canada Two Wheelers Tire Market Analysis, 2015-2025F (USD Million)
Canada Tire Market Key Strategic Imperatives for Success & Growth
Canada Competition Outlook
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Canada Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold (Thousand Units).
Q. What would be the growth rate or CAGR of Canada Tire Market during 2020-25?
A. The market size of Canada Tire Market during 2020-25 is forecast to be around 2%.
Q. Who are the key competitors or players operating in Canada Tire Market?
A. Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Kumho, Pirelli, Toyo and Cooper among others. Michelin, Goodyear, and Bridgestone, Quebec and few others are the leading players in the Canada Tire Market.
Q. Does the report scope cover tire rim size wise market statistics also?
A. Yes, the scope of the report encompasses detailed tire rim size wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which Vehicle type segment would emerge as an opportunity area for players in Canada Tire Market?
A. Light, Medium and Heavy commercial vehicle segment captured a considerable market share in the Canada Tire Market.
Q. Which Tire type segment would emerge as an opportunity area for players in Canada Tire Market?
A. On the basis of tyre type, Bias tires still capture a major market share the medium-heavy vehicles and the OTR vehicles segment.
Q. Which sales Channel segment would emerge as an opportunity area for players in Canada Tire Market?
A. Based on the sales channel, dealers and distributors are the main suppliers of tires in the country. Moreover, with the presence of leading companies, the dealers have exclusive stores for distribution.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Experts Verbatim-What our experts say?
4. Canada Tire Market Voice of Customer
4.1. Brand Awareness
4.2. End User Expectations
4.3. Key Factors Impacting Vendor Selection
4.4. Key Issues Encountered
4.5. Vendor’s Receptiveness to Address Key Customer Issues
4.6. Future Requirements
5. Canada Tire Market Analysis, 2015- 2025F
5.1. Market Size & Analysis
5.1.1. Market Revenue
5.1.2. Units Sold
5.2. Market Share & Analysis
5.2.1. By Type of Vehicles
220.127.116.11. Passenger Car
18.104.22.168. Light Commercial Vehicle
22.214.171.124. Buses and Trucks
126.96.36.199. Medium and Heavy Commercial Vehicles
188.8.131.52. Off the Road (OTR)
184.108.40.206. Two Wheelers
5.2.2. By Demand Category
5.2.3. By Type of Tire
5.2.4. By Sales Channel
220.127.116.11. Dealer/Exclusive Outlets
18.104.22.168. Direct Sales
5.2.5. By Season
22.214.171.124. All season
5.2.6. By Price Category
126.96.36.199. Budget (Up to USD90)
188.8.131.52. Economy (USD91-USD140
184.108.40.206. Premium (Above USD140)
5.2.7. By Rim Diameter
220.127.116.11. Up to 12”
18.104.22.168. 12.1” to 15”
22.214.171.124. 15.1.” to 18”
126.96.36.199. 18.1” to 20”
188.8.131.52. 20.1” to 22.5”
184.108.40.206. 22.6” to 26”
220.127.116.11. 26.1” to 35”
18.104.22.168. 35.1” to 47”
22.214.171.124. Above 47”
5.2.8. By Region
5.2.9. By Company
126.96.36.199. Revenue Shares
188.8.131.52. Strategic Factorial Indexing
184.108.40.206. Competitor Placement in MarkNtel Quadrant
6. Canada Passenger Car Tire Market Analysis, 2015- 2025F