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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 | Apr 2016

Rubber meets the road: Offshoring will continue to limit growth, despite pent-up demand for tires

IBISWorld’s Tire Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
-5.2%
Annual Growth 16-21
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Profit
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Employment
4,844
Businesses
70
Industry Analysis & Industry Trends

The Tire Manufacturing industry has traversed rocky roads over the five years to 2016. Volatile rubber prices, coupled with pressure from competitively priced imports, are anticipated to cause industry revenue to decline. Many companies are outsourcing their tire production to countries with lower labour costs, limiting domestic production. Moreover, research and development advancements have slowed over the past decade and smaller players that do not benefit from economies of scale have consequently lost their competitive advantage and been forced to exit the industry. Demand for tires is anticipated to improve over the next five years as consumer incomes rise and the economy gradually continues to strengthen... purchase to read more

Industry Report - Starting a New Business Chapter

There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent firms from entering the Tire Manufacturing industry. The major resource required to enter this industry is capital. The investment requirements for entry include significant capital purchases, including equipment to manufacture tires and related purchases. The steep price for the investment required might deter firms from entering the industry.

Manufacturers also need to seek distribution channels for their products. It is difficult for new entrants to get access to the distribution channels created among a handful of major players... 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 also retread tires.

Industry Products
Passenger replacement tiresLight truck replacement tiresOriginal 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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