Canada Tire Market Poised for 4.62% CAGR Growth Through 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Canada Tire Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Canada Tire, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Canada Tire Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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Canada Tire Market Outlook

The Canada Tire Market size was valued at around USD 7.84 billion in 2024 and is projected to reach USD 10.28 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.62% during the forecast period, i.e., 2025-30. Factors contributing to the market growth include rising aftermarket & E-commerce expansion, road infrastructure development & LCV sales growth, and rising adoption of electric vehicles. All these factors are augmenting the size & volume of the Canadian Tire Industry.

Canada Tire Market Drivers:

Stringent Safety Norms Driving Market Growth – Over many years, the drastically rising number of road accidents in the country has prompted regulatory authorities to focus the setting norms related to manufacturing or tires and replacement tenure of the tires, etc. In 2022, according to Transport Canada’s National Collision Database (NCDB) report, the figure of 91,500 reported road collisions in Canada. With an escalating number of road accidents, the Canadian government is encouraging automakers to manufacture tires with utmost safety while urging vehicle owners to replace tires on time and have periodic inspections on their condition to ensure vehicle & passenger safety at all times.

View Full Report (All Data, In One Place): - https://www.marknteladvisors.com/research-library/canada-tire-market-analysis.html  (Explore in-depth analyses, technological trends, and investment patterns.)

Canada Tire Market Trends:

IoT-enabled Smart Tires Gaining Traction – The growing emergence of IoT-enabled smart tire solutions is one of the key trends in the Canadian Tire Industry because these advanced technologies in tires make them smarter, more convenient, and a preferred option rather than a traditional one. Such smart solutions provide real-time data, improved safety, reduced operational costs, and enhanced vehicle performance, thus attracting a large group of end-users.

Canada Tire Market Segmentation

The study categorizes the Canada Tire Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type of Vehicles

• Passenger Car
• Light Commercial Vehicle
• Buses and Trucks
• Medium and Heavy Commercial Vehicles
• Off the Road (OTR)
• Two Wheelers

By Demand Category

• OEM
• Replacement

By Type of Tire

• Radial
• Bias

By Sales Channel

• Dealer/Exclusive Outlets
• Online
• Direct Sales

By Season

• All season
• Summer
• Winter

By Price Category

• Budget (Up to USD90)
• Economy (USD91-USD140
• Premium (Above USD140)

By Rim Diameter

• Up to 12”
• 1” to 15”
• ” to 18”
• 1” to 20”
• 1” to 22.5”
• 6” to 26”
• 1” to 35”
• 1” to 47”
• Above 47”

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• West
• North
• South
• East.

Talk to Our Industry Analyst:  - https://www.marknteladvisors.com/query/talk-to-our-consultant/canada-tire-market-analysis.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Canada Tire Market Worldwide: Players, Analysis & Future Outlook

Continental Tire Canada, Bridgestone Canada (BSCA), Yokohama Tire (Canada), Hankook Tire Canada, Goodyear Canada, Michelin North America (Canada), Kumho Tire Canada, Pirelli Tire, Toyo Tire Canada, and Others are the top companies in the Canada Tire Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/canada-tire-market-analysis.html   

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Canada Tire Market?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Canada Tire Market?
   4. Who are the prominent players in the Canada Tire Market?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.

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