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

May 2019 | 75 pages | ID: C8B14E1A768EN
TechSci Research

Abstracts

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.

Years considered for this report:

• Historical Years: 2014 - 2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast Canada tire market size.
• To classify and forecast Canada tire market based on vehicle type, demand category, radial vs bias, tube vs tubeless, region and company.
• To identify drivers and challenges for Canada tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Canada tire market.
• To identify and analyze the profile of leading players operating in Canada tire market.

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.

Key Target Audience:

• Car Manufacturing Companies
• Raw Material Suppliers
• Dealers/Distributors of Tires
• Governments and financial institutions
• Research organizations and consulting companies.
• Associations, organizations, forums and alliances related to Tires.

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.

Report Scope:

In this report, Canada tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Medium & Heavy Commercial Vehicles
• Off the Road
• Two-Wheelers
• Market, by Demand Category:
• OEM
• Replacement
• Market, by Radial vs Bias
• Market, by Tube vs Tubeless
• Market, by Region
• Ontario
• Quebec
• The West
• British Columbia
• Atlantic Canada
• The North

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Canada tire market.

Available Customizations:

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:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. ANALYST VIEW

4. CANADA TIRE PRODUCTION OVERVIEW

5. CANADA TIRE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value & Volume
5.2. Market Share & Forecast
  5.2.1. By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two- Wheelers, Off Road Vehicles)
  5.2.2. By Demand Category (OEM Vs Replacement)
  5.2.3. By Radial Vs Bias
  5.2.4. By Tube and Tubeless
  5.2.5. By Company
  5.2.6. By Region

6. CANADA PASSENGER CAR TIRE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Demand Category (OEM Vs Replacement)
  6.2.2. By Radial Vs Bias
  6.2.3. By Tube and Tubeless

7. CANADA LIGHT COMMERCIAL VEHICLE TIRE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Demand Category (OEM Vs Replacement)
  7.2.2. By Radial Vs Bias
  7.2.3. By Tube and Tubeless

8. CANADA OFF ROAD VEHICLE TIRE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Demand Category (OEM Vs Replacement)
  8.2.2. By Radial Vs Bias
  8.2.3. By Tube and Tubeless

9. CANADA MEDIUM & HEAVY COMMERCIAL VEHICLE TIRE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Demand Category (OEM Vs Replacement)
  9.2.2. By Radial Vs Bias
  9.2.3. By Tube and Tubeless

10. CANADA TWO-WHEELER TIRE MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Demand Category (OEM Vs Replacement)
  10.2.2. By Radial Vs Bias
  10.2.3. By Tube and Tubeless

11. MARKET DYNAMICS (DRIVERS & CHALLENGES)

12. MARKET TRENDS & DEVELOPMENTS

13. COMPETITIVE LANDSCAPE

13.1. Michelin North America (Canada) Inc.
13.2. Goodyear Canada Inc.
13.3. Bridgestone Canada Inc. (BSCA)
13.4. Hankook Tire Canada Corporation
13.5. Continental Tire Canada, Inc.
13.6. Pirelli Tire Inc.
13.7. Kumho Tire Canada Inc.
13.8. Yokohama Tire (Canada) Inc.
13.9. Toyo Tire Canada Inc.
13.10. Cooper Tire & Rubber Company Canada Ltd.

14. STRATEGIC RECOMMENDATIONS

List Of Tables

LIST OF TABLES

Table 1: Canada Tire Production Capacity Per Day, By Plant Location, By Volume (Thousand Units), 2018
Table 2: Investments in Canada, By Value, By Sector, 2016 & 2017 (USD Billion)
Table 3: Prominent Models in Canada Motorcycle Market, 2018

List Of Figures

LIST OF FIGURES

Figure 1: Canada Tire Manufacturing Plant Capacity Utilization Rate, By Volume, 2018
Figure 2: Canada Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F
Figure 3: Canada Total Vehicle (Passenger Car and Commercial Vehicle) Sales Statistics, By Volume (Million Units), 2013-2017
Figure 4: Canada Tire Market Share, By Vehicle Type, By Volume, 2014-2024F
Figure 5: Canada Tire Market Share, By Demand Category, By Volume, 2014-2024F
Figure 6: Canada GDP (USD Billion), 2013-2017
Figure 7: Canada Tire Market Share, By Radial Vs Bias, By Volume, 2014-2024F
Figure 8: Canada Population (Million), 2013-2017
Figure 9: Canada Tire Market Share, By Tube and Tubeless, By Volume, 2018 & 2024F
Figure 10: Canada Tire Market Share, By Company, By Volume, 2018
Figure 11: Canada Tire Market Share, By Region, By Volume, 2018 & 2024F
Figure 12: Canada Passenger Car Tire Market Size, By Value (USD Billions), By Volume (Million Units), 2014-2024F
Figure 13: Canada Passenger Car Production Statistics, By Volume (Units), 2016-2018
Figure 14: Canada Passenger Car Tire Market Share, By Demand Category, By Volume, 2014-2024F
Figure 15: Canada Passenger Car Fleet Statistics, By Volume (Million Units), 2014-2017
Figure 16: Canada Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2014-2024F
Figure 17: Major Luxury Car Brand in Canada, 2018
Figure 18: Canada Passenger Car Tire Market Share, By Tube and Tubeless, By Volume, 2018 & 2024F
Figure 19: Canada Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2014-2024F
Figure 20: Canada Light Commercial Vehicles Production Statistics, By Volume (Units), 2016 & 2017
Figure 21: Canada Light Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2014-2024F
Figure 22: Canada Commercial Vehicles Fleet Statistics, By Volume (Million Units), 2014-2017
Figure 23: Canada Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2014-2024F
Figure 24: Canada FDI Inflow, (USD Billion), 2013-2017
Figure 25: Canada Light Commercial Vehicle Tire Market Share, By Tube and Tubeless, By Volume, 2018 & 2024F
Figure 26: Canada Off Road Vehicle Tire Market Size, By Value (USD Million), By Volume (Million Units), 2014-2024F
Figure 27: Canada Tractor Sales, 2014-2017 (Units)
Figure 28: Canada Off Road Vehicle Tire Market Share, By Demand Category, By Volume, 2014-2024F
Figure 29: Canada Off Road, Construction, Farm Vehicle Fleet, By Sector, 2014-2017 (Million Units)
Figure 30: Canada Off Road Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2014-2024F
Figure 31: Canada Off Road Recreation Vehicle Sales, 2013-2018 (Units)
Figure 32: Canada Off Road Tire Market Share, By Tube and Tubeless, By Volume, 2018 & 2024F
Figure 33: Canada Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2014-2024F
Figure 34: Canada Medium & Heavy Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2014-2024F
Figure 35: Canada Inflation Rate (%), 2014-2017
Figure 36: Canada Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2014-2024F
Figure 37: Canada Transportation and Warehousing Industry Year - On- Year Growth ,2014-2017
Figure 38: Canada Medium & Heavy Commercial Vehicle Tire Market Share, By Tube and Tubeless, By Volume, 2018 & 2024F
Figure 39: Canada Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2014-2024F
Figure 40: Canada Two-Wheeler Market Import, By Value (USD Million), 2013-2017
Figure 41: Canada Two-Wheeler Tire Market Share, By Demand Category, By Volume, 2014-2024F
Figure 42: Canada Two-Wheeler Market Share, Import, By Volume, By Engine Capacity, 2013-2017
Figure 43: Canada Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2014-2024F
Figure 44: Canada Motorcycle Market Share, By Engine Capacity, By Volume, 2018
Figure 45: Canada Two-Wheeler Tire Market Share, By Tube and Tubeless, By Volume, 2018 & 2024F