Canada Tire Market Size- By Source, By Vehicle Type, By Demand Category, By Type of Tires, By Sales Channel, By Tube Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Canada Tire Market Size- By Source, By Vehicle Type, By Demand Category, By Type of Tires, By Sales Channel, By Tube Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Canada Tire Market Introduction and Overview

According to SPER market research, ‘Canada Tire Market Size- By Source, By Vehicle Type, By Demand Category, By Type of Tires, By Sales Channel, By Tube Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Canada Tire Market is predicted to reach USD 10.07 billion by 2033 with a CAGR of 5.57%.

The rubber tire on the car is circular and covers the outside wheel rim. The two main functions of tires are to protect the wheel rim and to create tractive force between the vehicle and the road surface. It also provides a flexible cushion due to its rubber construction, lessening the stress and vibration caused by moving cars. Rubber tires consist of five main components: tread, jointless cap pile, synthetic rubber, fabric, and carbon black.

In 2020, the automobile sector and tire market in Canada experienced a slowdown because to the Covid-19 pandemic. Since tire sales and shipping both saw steep drops, there were unidentified challenges and barriers associated with the import of passenger automobiles and commercial vehicles. The key market participants had huge income losses during the crisis as a result of their reduced capacity to manufacture due to plummeting automobile sales, a shortage of raw materials, unstable pricing, travel restrictions, and manufacturing and delivery delays, among other issues.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Vehicle Type, By Demand Category, By Type of Tires, By Sales Channel, By Tube Type

Regions covered Eastern, Western, Southern, Northern

Companies Covered

Pirelli Tire Inc., Kumho Tire Canada, Hankook Tire Canada Corporation, Continental AG, Goodyear Canada Inc., and Bridgestone Canada.

Canada Tire Market Segmentation:

By Vehicle Type:Based on the Vehicle Type, Canada Tire Market is segmented as; Passenger Car, Light Commercial Vehicle, Medium And Heavy Commercial Vehicles, Off The Road, Two Wheelers.

By Demand Category: Based on the Demand Category, Canada Tire Market is segmented as; OEM, Replacement.

By Type of Tires: Based on the Type of Tires, Canada Tire Market is segmented as; Radial, Bias.

By Sales Channel: Based on the Sales Channel, Canada Tire Market is segmented as; Dealer/Exclusive Outlets, Online, Others.