Canada Tire Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

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.

Markntel Advisor’s Canada Tire Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Canada Tire Market drivers, barriers, Canada Tire Market Trends, and Key Players in Canada Tire Market.

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Canada Tire Market Dynamics: 2024-2030

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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Canada Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• 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”
• By Region
  • West
  • North
  • South
  • East

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Canada Tire Market:

• 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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