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. 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 execpted to continue declining... purchase to read more
Industry Report - Industry Products Chapter
The Tire Manufacturing industry in Canada produces replacement tires and tires produced by an original equipment manufacturer (OEM) for passenger vehicles and light to heavy trucks. A significant majority (97.0%) of these products are destined for the United States. Thus, segment performance closely mirrors prevailing US economy trends.
Light-truck replacement tires
Light-truck replacement tires are expected to account for the largest product segment, with 44.1% of total industry shipments. This segment accounts for the tires replaced on pickup trucks, SUVs, minivans and full-size vans... purchase to read more