Future of Executive Summary Canada Tire Market: Key Dynamics, Size & Share Analysis

The Canada Tire Market size was valued at around USD 7.84 billion in 2024 and is projected to reach USD 10.28 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.62% during the forecast period, i.e., 2025-30. Factors contributing to the market growth include rising aftermarket & E-commerce expansion, road infrastructure development & LCV sales growth, and rising adoption of electric vehicles. All these factors are augmenting the size & volume of the Canadian Tire Industry.

Top Market Challenges Impacting the Canada Tire Market Growth

Volatile Prices of Raw Materials and Import Dependency – Rising raw material and import costs are a major challenge for the growth & expansion of the Canadian tire market. This is attributed to the industry’s heavy reliance on globally sourced materials like rubber, crude oil, and steel, all of which are subject to price volatility due to geopolitical tensions, climate factors, or supply chain disruptions. Since a large number of tires sold in Canada are imported from other regions like Asia and the U.S., which has led to fluctuation in exchange rates and international shipping delays, significantly increasing procurement costs and reducing pricing stability. Hence, this price volatility is slowing down tire production in Canada and, in turn, increasing the demand-supply gaps, which is another prominent aspect that might hinder market growth in the coming years.

Understanding the Core Segments in the Canada Tire Market

Canada Tire Market Size, Share & Industry Trends Analysis-  By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers), By Demand Category (OEM and Replacement), By Type of Tires (Radial and Bias), By Sales Channel (Dealer/Exclusive Outlets, Online and Others), By Season (All season, Summer), By Price Category (Budget, Economy, Premium), By Rim Diameter (Up to 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”) and others.

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Geographical Analysis of the Canada Tire Market

By Region

• West
• North
• South
• East

Who Dominates the Canada Tire Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• 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 and others.

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