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.
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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.
Key Vendors
- Bridgestone Canada
- Continental
- Goodyear Canada
- Hankook Tire Canada
- Kumho Tire Canada
Other Prominent Vendors
- Cooper Tire & Rubber
- Nexen Tires
- Performa Tires
Key Market Driver
:Government Policies Favoring Investments in Automotive Sector
Key Market Challenge
:Increased Use of Retread Tires Impacting New Tire Sales
Key Market Trend : Increase
in Online Tire Purchases
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Table of Content :
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research
Methodology
05. Introduction
06. Tire Manufacturing Process
07. Lifecycle of Tires
08. Raw Materials Price break
up
09. Tire Industry Supply Chain
10. Market Landscape
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