About Passenger Car Tire Market in Canada The passenger car tires market in Canada is a competitive market marked with the presence of global players such as Bridgestone, Continental, Goodyear, and Hankook. Being a developed country with population close to 35 million, Canada has a large vehicle fleet that has been growing over the years. An increase in vehicle sales and high vehicle fleet size have resulted in high demand for tires, both from OEM and replacement segments.
Highly developed infrastructures, especially roads, have acted as a catalyst for the expansion of the automotive market and allied industries such as tires. Due to the global economic recession, the automotive and allied industries suffered a decline in growth in the past few years. The Canadian economy is now showing signs of recovery that would translate into the revival of new car sales and subsequently lead to the market growth in both the OEM and replacement segments.
Technavio's analysts forecast the passenger car tires market in Canada to grow at a CAGR of 2.56% during 2014-2019.
Covered in this Report The passenger car tires market in Canada can be segmented into two divisions based on distribution channels: OEM and replacement. To calculate the market size, the report considers the combined sales of these two segments.
Technavio's report, Passenger Car Tires Market in Canada 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Other Prominent Vendors • Cooper Tire & Rubber • Nexen Tires • Performa Tires
Key Market Driver • Government Policies Favoring Investments in Automotive Sector • For a full, detailed list, view our report
Key Market Challenge • Increased Use of Retread Tires Impacting New Tire Sales • For a full, detailed list, view our report
Key Market Trend • Increase in Online Tire Purchases • For a full, detailed list, view our report
Key Questions Answered in this Report • What will the market size be in 2019 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?