Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Canada Tyre Market Forecast and Opportunities, 2020

Tuesday, March 3, 2015 21:42
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Canada, a developed economy, ranks 11th globally, in terms of GDP. Provinces of Ontario, Quebec and British Columbia are the prominent commercial destinations in the country. Canada is one of the wealthiest nations of the world, having trade relations with USA, China, the United Kingdom, Japan and many other emerging nations. With a population of over 35 million, the country maintains a large vehicle fleet which has been exhibiting a growing trend. Developed urban areas and improved roadways, along with high per capita income have served as catalysts for expansion of automobile market in the country and hence for the automotive tyre industry. In view of the global issue of C-emissions and C-credits, sales of hybrid vehicles is increasing in the country, wherein manufacturing giants like Ford, Mitsubishi and Toyota are entering the market with their hybrid variants, thus generating demand for high performance tyres in OEM as well as replacement market.

According to “Canada Tyre Market Forecast & Opportunities, 2020”, Canada tyre market is forecast to increase at a CAGR of around 6% till 2020. Large vehicle fleet and growing hybrid vehicle sales would be the major factors driving Canada tyre market over the forecast period. Passenger car tyre market is the dominant segment followed by commercial vehicle tyre segment and two-wheelers tyre segment. Further, the replacement tyre segment leads OEM tyre segment by huge margins and it is anticipated that this trend will continue through the forecast period. Michelin, Goodyear and Bridgestone have domestic production facilities in the country, while all other players cater to the growing demand for tyres through their sales and marketing offices in Canada. Michelin, Hankook, Goodyear and Bridgestone are leading players in Canada tyre market. “Canada Tyre Market Forecast and Opportunities, 2020” discusses the following aspects:

• Canada Tyre Market Size, Share & Forecast
• Segmental Analysis – Passenger Car Tyres, Commercial Vehicle Tyres, Two-wheeler Tyres & OTR Tyres
• Import & Export Analysis
• Policy & Regulatory Landscape
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

For more info : Canada Tyre Market Forecast and Opportunities, 2020

For more related reports : https://www.bharatbook.com/industry-mfg-market-research-report/automotive.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.