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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 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 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 - Industry SWOT Analysis Chapter

Over the 10 years to 2021, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to decrease 3.0% per year on average. Meanwhile, Canadian GDP is expected to grow 1.9% over the same period. Falling IVA amid a growing economy is highly indicative of a declining industry. Manufacturers are increasingly relocating their manufacturing operations to countries with lower labour costs to effectively compete with low-cost imports. Downstream markets are also highly saturated with limited opportunities for growth.

The global financial crisis has magnified structural problems in the Car and Automobile Manufacturing industry (IBISWorld report 33611a), ultimately resulting in the bankruptcy filings for GM and Fiat Chrysler... 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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