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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 | Aug 2015

Slow rolling: 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
$3bn
Annual Growth 10-15
5.1%
Annual Growth 15-20
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Profit
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Employment
7,267
Businesses
67
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

 


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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