Canada Tire Market Size & Insights

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.

What are the Key DROs in the Canada Tire Market?

Stringent Safety Norms Driving Market Growth – Over many years, the drastically rising number of road accidents in the country has prompted regulatory authorities to focus the setting norms related to manufacturing or tires and replacement tenure of the tires, etc. In 2022, according to Transport Canada’s National Collision Database (NCDB) report, the figure of 91,500 reported road collisions in Canada. 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 on time and have periodic inspections on their condition to ensure vehicle & passenger safety at all times.

What are the Key Segments in the Canada Tire Market?

The Canada Tire is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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

Among all, Radial Tires dominate the Canada Tire Market with the largest market share of more than 60%. The surging number of industrial projects leading to the escalating sales of heavy vehicles is the prime aspect driving the demand for radial tires. 

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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)

Here, the replacement demand dominates the Canada Tire Market with a market share of more than 70% in recent years and is anticipated to follow the same trend during the forecast period as well.

By Rim Diameter

• Up to 12”
• 1” to 15”
• ” to 18”
• 1” to 20”
• 1” to 22.5”
• 6” to 26”
• 1” to 35”
• 1” to 47”
• Above 47

How does geographical analysis highlight in the Canada Tire market?

By Region

• West
• North
• South
• East

Who are the Key Players in Canada Tire Market?

• 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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Canada Tire Market News

• 2024: Goodyear Canada announced a USD419.75 million expansion plan of its Napanee, Ontario plant, aiming to boost EV and all-terrain tire production, create ~200 jobs, and achieve net-zero waste by 2040.

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