Canada Tire Market Size to Reach USD 5.1 billion in 2023

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Market Insights

As per recent research by MarkNtel Advisors, 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

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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Market Segmentation and Consumer Behavior:

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

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”

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Canada Tire Market Geographical Analysis:

By Region:

West
North
South
East

Key Players and Competitive Strategies in the Canada Tire Market

Several prominent players dominate the Canada Tire Market, including:

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

Report Delivery – MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.What factors are driving the Canada Tire Market growth?

2.How is the Canada Tire Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Canada Tire Market?

4.What is the current size of the Canada Tire Market, and how is it projected to change in the future?

5.What is the future outlook for the Canada Tire Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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