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 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 (95.2%) of these products are destined for the United States. Thus, segment performance closely mirrors prevailing US economy trends.
Car replacement tires
Passenger vehicle replacement tires are the industry's largest product segment, accounting for 68.7% of industry shipments, down from close to 80.0% of the industry in 2009. The recession had consumers demanding fewer replacement tires and, instead, driving more on the tires they already own. Still, replacement tires fared better than original equipment tires through the recession... purchase to read more