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Tire Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tire Manufacturing in Canada Market Research Report | NAICS 32621CA | Jun 2014

Slow rolling: Offshoring will continue to limit growth, despite pent-up demand for tires

IBISWorld’s Tire Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
6,441
Businesses
88
Industry Analysis & Industry Trends

Industry revenue plunged during the recession as a result of the crisis in the automobile industry and low disposable income across the economy. Since then, the industry has begun to recover, and pent-up demand will continue to promote growth over the next five years; however, offshoring will increasingly limit industry expansion. In the long term, the industry is declining... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

While the global recession created a temporary downturn for many manufacturing industries, Canadian tire manufacturers have been experiencing negative long-term trends. Over the 10 years to 2019, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase 1.0% per year on average. Meanwhile, Canadian GDP is expected to grow 2.4% over the same period. Production capacity for the tire manufacturing industry has been declining over the past decade, with many manufacturers relocating to low wage-cost countries or other North American Free Trade Agreement (NAFTA) countries... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tire Manufacturing Industry?

This industry is primarily engaged in manufacturing tires and inner tubes from natural and synthetic rubber. The finished products are then sold to motor vehicle manufacturers and tire wholesalers. Operators within this industry do not retread tires.

Industry Products
Car replacement tiresLight truck replacement tiresCar original equipment tiresMedium and heavy duty truck replacement tires
 
Industry Activities
Pneumatic, semipneumatic and solid-rubber tireInner tubeMotor vehicle tireTire repair material


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