Canada Tire Market Trends, Demand, Opportunity and Forecast to 2030

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Canada Tire Market Trends, Demand, Opportunity and Forecast to 2030

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Canada Tire Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Canada Tire Market Analysis and Size

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.

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Some of the major players operating in the Canada Tire Market are 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, Others.

Canada Tire Market Growth 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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Market Segment and Geographical Analysis

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”
    • 1.” 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

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