Canada Tire Market Size, Share, Growth Analysis 2024-32

Canada Tire Market Report by Design (Radial Market, Bias Market), End-Use (OEM Market, Replacement Market), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Three Wheelers, Off-The-Road (OTR)), Distribution Channel (Offline, Online), Season (All Season Tires, Winter Tires, Summer Tires), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A23973

Buy Now New Year Sale

Canada Tire Market Overview:

The Canada tire market is projected to exhibit a growth rate (CAGR) of 4.40% during 2024-2032. The market is growing rapidly, driven by rising vehicle production and sales in the country, increasing aftermarket demand in Canada, and recent technological advancements like the development of fuel-efficient tires, run-flat tires, and tires with advanced tread designs and materials.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	4.40%

Canada Tire Market Trends:

Rising Vehicle Production and Sales

Canada's automotive industry is well-established, with major global manufacturers. Vehicle production is stable in the country, ensuring a constant demand for original equipment tires (OET) used in new vehicles. Furthermore, the improving economy and convenient financing choices have made vehicle ownership more accessible to a greater segment of the population, which is fueling the market growth. Also, the proliferation of electric vehicles (EVs) and advancements in automotive technology have spurred demand for specialized tires designed to enhance the performance and efficiency of EVs. As the number of vehicles on Canadian roads continues to climb, the need for high-quality, durable, and performance-oriented tires rises correspondingly.

Growing Aftermarket Demand

The aftermarket demand for tires in Canada is a significant growth driver. As vehicles age, their tires wear out, necessitating replacements to maintain safety and performance. This creates a steady stream of demand in the aftermarket segment. Additionally, the Canadian climate, characterized by its harsh winters and varied terrain, exacerbates tire wear, further boosting the need for frequent tire replacements. Besides this, consumers in Canada are becoming more knowledgeable about the importance of tire maintenance and the benefits of using high-quality, season-appropriate tires, which drives demand in the aftermarket. Furthermore, the rise in the average vehicle lifespan, which leads to more vehicles on the road for longer periods, requiring multiple tire replacements over their lifecycle, is strengthening the market growth.

Technological Advancements

Innovations such as the development of fuel-efficient tires, run-flat tires, and tires with advanced tread designs and materials have greatly enhanced tire performance, safety, and durability. Fuel-efficient tires, for example, are designed to reduce rolling resistance, thereby improving a vehicle's fuel economy and reducing carbon emissions. This aligns with the growing consumer and regulatory focus on sustainability and environmental impact. Additionally, run-flat tires provide enhanced safety by allowing vehicles to continue driving for a limited distance after a puncture, reducing the risk of accidents and the inconvenience of immediate tire changes. Besides this, advanced tread designs and the use of new materials improve traction, handling, and longevity, making tires more reliable and cost-effective over their lifespan. These technological advancements not only attract consumers looking for better performance and value but also drive up the average selling price of tires, boosting market revenue. Moreover, the ongoing research and development (R&D) in tire technology, which ensures a continuous pipeline of innovative products, is positively impacting the market growth.

Canada Tire Market News:

In December 2023: Sailun Group announced that it is investing in the construction of a new tire manufacturing plant in Leon, located in the central Mexican state of Guanajuato, through a joint venture with Mexico’s TD International Holdings.
In June 2024: Michelin unveiled its news Multi Energy Z+ truck and bus tyres in India. They boast a very low rolling resistance that delivers up to 15% fuel savings.

Canada Tire Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on design, end-use, vehicle type, distribution channel, and season.

Design Insights:

Radial Market
Bias Market

The report has provided a detailed breakup and analysis of the market based on the design. This includes radial market and bias market.

End-Use Insights:

OEM Market
Replacement Market

A detailed breakup and analysis of the market based on the end-use have also been provided in the report. This includes OEM market and replacement market.

Vehicle Type Insights:

Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two Wheelers
Three Wheelers
Off-The-Road (OTR)

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two wheelers, three wheelers, and off-the-road (OTR).

Distribution Channel Insights:

Offline
Online

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes offline and online.

Season Insights:

All Season Tires
Winter Tires
Summer Tires

The report has provided a detailed breakup and analysis of the market based on the season. This includes all season tires, winter tires, and summer tires.

Regional Insights:

Ontario
Quebec
Alberta
British Columbia
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Tire Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Design End-Use Vehicle Type Distribution Channel Season Region
Designs Covered	Radial Market, Bias Market
End-Uses Covered	OEM Market, Replacement Market
Vehicle Types Covered	Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Three Wheelers, Off-The-Road (OTR)
Distribution Channels Covered	Offline, Online
Seasons Covered	All Season Tires, Winter Tires, Summer Tires
Regions Covered	Ontario, Quebec, Alberta, British Columbia, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Canada tire market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Canada tire market?
What is the breakup of the Canada tire market on the basis of design?
What is the breakup of the Canada tire market on the basis of end-use?
What is the breakup of the Canada tire market on the basis of vehicle type?
What is the breakup of the Canada tire market on the basis of distribution channel?
What is the breakup of the Canada tire market on the basis of season?
What are the various stages in the value chain of the Canada tire market?
What are the key driving factors and challenges in the Canada tire?
What is the structure of the Canada tire market and who are the key players?
What is the degree of competition in the Canada tire market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada tire market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada tire market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada tire industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options New Year Sale

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.