Canada Tire Market Trends 2025–2030: Outlook, Value & Key Companies

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Jul 11, 2025 - 17:48

Canada Tire Market Trends 2025–2030: Outlook, Value & Key Companies

Introduction

The Canada Tire Market is undergoing rapid changes due to evolving technologies, consumer behaviors, and regulatory frameworks. This research report explores essential insights, market trends, and forecasts between 2025 and 2030, offering valuable context for businesses, investors, and decision-makers. It is designed to provide a clear understanding of where the market stands and where it's heading, with the added benefit of downloadable resources and analyst support.

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What This Report Covers

Current Market Size & Forecast (20252030)
Key Growth Drivers & Challenges
Latest Trends & Investment Hotspots
Market Segmentation:
Competitive Landscape & Player Analysis
Opportunities, Risks, and Strategic Recommendations

Current Market Status and Future Projections

Canada Tire Marketsize 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.

Key Factors Influencing Growth

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.

Moreover, the rise in light commercial vehicles (LCVs) due to e-commerce logistics has increased the need for high-durability tires. As LCVs operate in high-load conditions, they require regular tire replacements due to intensive usage. And, the expanding road infrastructure, especially in urban and suburban areas of the country further increasing the demand for reliable, high-endurance tires for covering long distances and varied terrains. Furthermore, the growing expansion in the automotive industry is creating an opportunity for the Canadian tire industry. As more vehicle production facilities are getting established, the need for high-performance and reliable tires is also rising to meet the requirements, such as enhanced traction, durability, and efficiency.

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Breakdown by Segments and Geography

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

Here, the replacement demand dominates the Canada Tire Market with a market share of more than 70% in recent years and is anticipated to follow the same trend during the forecast period as well.

By Type of Tire

Radial
Bias

Among all, Radial Tires dominate the Canada Tire Market with the largest market share of more than 60%.

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

By Region

West
North
South
East.

Competitive Landscape and Market Positioning

The Canada Tire Market is highly competitive, with both established companies and new entrants contributing to its dynamism. Leading players such as:

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.

are focusing on expanding their product portfolios, enhancing user experiences, and investing in R&D. Recent developments include mergers, acquisitions, strategic partnerships, and geographic expansion. These activities highlight the evolving strategies being adopted to gain market share and respond to shifting consumer needs.

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Strategic Outlook and Analyst Perspective

Looking ahead, the Canada Tire Market is poised for significant transformation. Emerging trends like AI integration, eco-friendly product development, and digitalization are expected to reshape industry dynamics. Analysts recommend that stakeholders keep a close eye on regional shifts, policy developments, and evolving customer preferences. Businesses that remain agile, adopt technology early, and prioritize customer-centric innovation will likely emerge as leaders in this evolving landscape.

Research Methodology We Use

Primary research via expert interviews and surveys
Secondary data from verified industry sources
Top-down & bottom-up estimation
Forecasting using time-series models & triangulation

Key Questions Answered

What is the current market size of Canada Tire Market?
What is the expected growth rate by 2030?
Which segments are gaining the most traction?
What are the major trends and challenges?
Who are the major players, and what are their strategies?
Which region holds the highest growth potential?

Other Report:

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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