Tire Wholesaling in Canada - Industry Market Research Report

Tire Wholesaling in Canada - Industry Market Research Report

Tire Wholesaling in Canada

Over the five years to 2023, the Tire Wholesaling industry's revenue is expected to decline. While business been bolstered by improving economic conditions, the industry has faced several considerable challenges in recent years. Pandemic-related restrictions and closures limited travel, which affected consumers' tire replacement needs, causing a large decline in demand for tires during 2020. A strong economic recovery since 2021 bolstered revenue, as sales volume and tire prices rose. However, inflation-adjusted revenue has fallen due to historically elevated price increases across the economy. As a result, industry revenue has been dropping at a CAGR of 1.7% over the past five years and is expected to reach $10.4 billion in 2023. This includes an increase of 2.2% over the current year as demand and prices stabilize.

The Tire Wholesaling industry in Canada wholesales new and used tires and tubes for passenger and commercial vehicles.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.