Tire Manufacturing in Canada - Industry Market Research Report

Tire Manufacturing in Canada - Industry Market Research Report

Published: March 2017
Publisher: IBISWorld
Product ref: 276216
Pages: 31
Format: PDF
Delivery: Immediate download

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Price: $825.00

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Tire Manufacturing in Canada

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. In turn, people will get behind the wheel at accelerating rates, facilitating more necessary tire replacement. Tires that improve fuel efficiency will still be popular among budget-conscious consumers, helping drive industry sales.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Price: $825.00

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Related research categories


By sector: Tyre/wheel (in Components), General industry, Manufacturing

By market: Canada (in North America)


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