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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 | Mar 2017

Rubber meets 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
$3bn
Annual Growth 12-17
4.2%
Annual Growth 17-22
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Profit
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Employment
6,366
Businesses
62
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 Key Buyers Chapter

The Tire Manufacturing industry maintains a high level of market share concentration. Tire manufacturers produce tires for all types of vehicles and the concentration among various market segments is largely similar. The expected market concentration of the overall industry has remained high during the period. The largest tire manufacturers are all multinational companies with strong global positions. In Canada, there are three major manufacturers that have relevant domestic operations: Michelin, Goodyear and Bridgestone. The industry has experienced a level of consolidation, as smaller players that do not benefit from economies of scale and increased automation have been forced to exit the industry. How.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tire Manufacturing Industry?

This industry is primarily engaged in manufacturing and retreading tires and inner tubes from natural and synthetic rubber. The finished products are then sold to motor vehicle manufacturers and tire wholesalers.

Industry Products
Passenger tiresLight truck tiresOff-the-road tiresMedium and heavy duty truck tiresAgricultural tires
 
Industry Activities
Pneumatic, semipneumatic and solid-rubber tireInner tubeMotor vehicle tireTire repair material


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