MarkNtel_Canada Tire Market Analysis-2020_Sample

Canada Tire Market Analysis, 2020

Document Outline Table of Content Market Segmentation, Scope of Work 02 Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile 13 Sample Pages Canada Tire Market Analysis, 2020 20 Commercials 50 Company Profile About the company 52 Contact Details 54

Market Segmentation Date of Published: Dec 2019 Number of Pages: 136 Canada Tire Market Segmentation By Type of Vehicle By Rim Diameter By Region By Company • North • South • West • East • Passenger Car • Light Commercial Vehicle • Buses and Trucks • Medium and Heavy Commercial Vehicles • Off the Road (OTR) • Two Wheelers • Up to 12” • 12.1” to 15” • 15.1.” to 18” • 18.1” to 20” • 20.1” to 22.5” • 22.6” to 26” • 26.1” to 35” • 35.1” to 47” • Above 47” • Continental Tire Canada • Bridgestone Canada (BSCA) • Yokohama Tire (Canada) • HankookTire Canada • Goodyear Canada • Michelin North America (Canada) • Cooper Tire & Rubber Company Canada • KumhoTire Canada • Pirelli Tire • Toyo Tire Canada By Demand Category • North • South • West • East By Sales Channel By Type of Tire By Season By Price Category • Dealer/Exclusive Outlets • Online • Direct Sales • Radial • Bias • All season • Winter • Budget (Up to USD90) • Economy (USD91-USD140 • Premium (Above USD140)

Historical Year: (2016-19) Base Year: 2020 Forecast Year: (2021-26) Table of Content (1/9)

Document Outline Table of Content Market Segmentation, Scope of Work 02 Research Process & Methodology Key questions answered in the report, Research process, Primary Research, Secondary Research, Respondent Profile 13 Sample Pages Canada Tire Market Analysis, 2020 20 Commercials 50 Company Profile About the company 52 Contact Details 54

Canada Tire Market Outlook, 2016-2026F

Canada Tire Market Analysis, 2016-2026F • Figure XX: Canada TireIndustry Revenues (USD Million) & Units Sold (Million), 2016- 2026F Revenue:XX% Unit Sold:XX% Revenue: XX% Unit Sold: XX% Source: MarkNtel Advisors, E: Estimated, F: Forecast • Canadian tire market is witnessing a positive growth over the last couple of years. The presence of assembling facilities of leading automotive players operating in light trucks and passenger cars such as Toyota, Ford, Honda, Fiat Chrysler, General Motors, among others, are driving the Canada market through 2016. Moreover, the growing urbanization and rising construction activities are other factors that support the automotive industry of Canada to grow. With the surging demand for automotive vehicles, the procurement of tires has been augmenting in the country. • The various construction and manufacturing sectors have been impacted due to the imposed of lockdown for declined COVID-19 spread in Canada. This has reduced the OEM and replacement sale of tires, hence, the Canadian market is experiencing slow growth in 2020. Market at a Glance

Canada Tire Market, By Type of Vehicles (1/6) • Figure XX: Canada TireMarket Share by Units Sold (%) 2020 & 2026, By Type of Vehicles 2020 2026F • Source: MarkNtel Advisors • Canada tire market is divided by type of vehicles into passenger car, light commercial vehicle, buses and trucks, medium and heavy commercial vehicles, off the road, and two-wheelers. The passenger cars segment is grabbing the highest share from the Canada tire market over the past few years and the segment domination would continue in the more years to come. Light commercial vehicles followed the passenger car segment, and market revenue would grow at a CAGR of XX% during 2021-26. • Light commercial vehicles comprise light trucks, light buses, pick-up trucks and buses. The introduction of new light commercial vehicles with fuel-efficient engines is propelling the segment growth. Also, the low emission and less noise advantages offered by the new light vehicles is influencing end-users to replace an existing vehicle with a new one, in the country. Hence, the market revenue of light Passenger Car Dominated the Canada Tire Market

Canada Tire Market, By Type of Vehicles (2/6) • Table XX: Canada TireMarket Size (Unit Sold in Million), By Type of Vehicles, 2016-2026F Source: MarkNtel Advisors

Canada Tire Market, By Demand Category (1/4) • Figure XX: Canada TireMarket Share by Units Sold (%) 2020 & 2026, & Market Size (Million), By Demand Category, 2016- 2026F • Market Share, By Demand Category • Market Size, By Demand Category (Units Sold in Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Replacement Tire has Majorly Contributed to the Positive Growth • The replacement tire is accounted for the maximum share from the Canada market. The segment was achieved an X% share from the total units sold in Canada and would reach X% by 2026. The replacement demand for tires is driving by individuals, infrastructure developers, commercial vehicle rental companies, contractors, among others. The availability of off-the-road, medium and heavy commercial vehicles, among others on rent at an inexpensive cost compared to new vehicles supporting the replacement segment to grow through 2016. Furthermore, the requirement to complete construction projects at a stipulated time frame is generating more demand for medium and

Canada Tire Market,Growth Analysis By Type of Tire (2/3) • Figure XX: Canada Tire Market Opportunity Metrix, By Units Sold, By Type of Tire, 2021-26 XX Growth, XX Market Share High • 1. Radial Market Share Analysis • In 2020, the government of Canada and the Ontario government announced a plan to invest USD 223 million each in a factory of Ford to surge the manufacturing of electric vehicles in the country. The government support would escalate the automotive manufacturing, which, in turn, the procurement of radial tire amid OEM would burgeon in the coming years. • Moreover, the growth in the agriculture industry, construction of smart cities has been driving the sales of off the road vehicles such as material handling, agricultural vehicles, earthmoving equipment, consequent, the demand for radial tire XXX Market Share (%) XXX Low High CAGR 2021-2026F Source: MarkNtel Advisors,

Canada Tire Market, By Sales Channel (1/4) • Figure XX: Canada TireMarket Share by Units Sold (%) 2020 & 2026, & Market Size (Million Units Sold), By Sales Channel, 2016- 2026F • Market Share, By Sales Channel • Market Size, By Sales Channel (Units Sold in Million) Inner Circle: 2020; Outer Circle: 2026 Source: MarkNtel Advisors • Market Insights • Dealer/ Exclusive Outlets has been contributing majorly to the market growth of Canada over the last couple of years. The segment was growing at a CAGR of XX% during 2016-2020, and is anticipated to surge at a CAGR of YY% over the next 5 Years. The easy availability of tires through dealers has been soaring the segment growth through 2016. While growing digitalization, increasing penetration of smartphones with internet connectivity are mushrooming the sales of tires through an online sales channel in Canada. Besides, the ease of comparison in tires in terms of brands, prices, quality, etc., are further attracting customers to use an online channel for purchasing. Thus,

Canada Tire Market,Growth Analysis By Sales Channel (3/4) • Figure XX: Canada Tire Market Opportunity Metrix, By Units Sold, By Sales Channel, 2021-26 XX Growth, XX Market Share High • 1. Dealers/Exclusive Outlets Market Share Analysis • The federal government of Canada announced to invests USD 10 billion in infrastructure projects for economic growth and to generate more jobs in the country. The investment would allocate in projects comprise clean power to generate, transfer and store renewable energy, retrofit large scale buildings to improve energy efficiency, increase adoption of electric buses, developing charging infrastructure, and agriculture irrigation activities to enhance production and mount export opportunities, etc. With the rising demand for commercial vehicles, the additional demand for tire through dealers would proliferate in the XXX XXX Market Share (%) XXX Low High CAGR 2021-2026F Source: MarkNtel Advisors,

Canada Passenger Car Tire Market Outlook, 2016-2026F

Canada Passenger Car Tire Market Analysis, 2016-2026F (1/4) • Figure XX: Canada Passenger Car TireIndustry Revenues (USD Million) & Units Sold (Million), 2016- 2026F Revenue:XX% Unit Sold:XX% Revenue: XX% Unit Sold: XX% Source: MarkNtel Advisors, E: Estimated, F: Forecast • Canada passenger car tire market has shown an incremental growth during 2016-19. This is attributed with the rising disposable income of the Canadian population. The government rising initiatives and promotion for using Electric vehicle is also proliferating the demand of passenger car tires in the in the country. According to automotive statics of Canada, 3.5% of total new vehicles registered in Canada were zero-emission vehicles (ZEVs) in the first and second quarters of 2020. During this period, 21,188 new ZEVs were registered in Canada. In the same period, 67.4% of new ZEVs registered in Canada were battery electric vehicles (BEVs). The spread of COVID-19 virus in 2020 also boosted the demand of passenger car in the country because of increasing preference of use private vehicle, which is further expected to boost the demand passenger car tire in the upcoming period of time. However, the market registered a sluggish growth in 2020 owing Market at a Glance

Canada Passenger Car Tire Market, By Type of Vehicles (1/5) • Figure XX: Canada Passenger Car TireMarket Share by Unit Sold (%) 2020 & 2026, By Type of Vehicles 2020 2026F • Source: MarkNtel Advisors • The Sedan segment has grabbed the largest share in Canada passenger car tire market in 2020. This is due to the increasing disposable income of the population and rising social distancing regarding the spread of coronavirus. The sales numbers are out for the Canadian market, and although a few automakers capped off the 2019 calendar year with a market share increase, most of them suffered small or big sales declined. It was particularly difficult for passenger cars, whose total sales slid from 586,253 to 491,875 units—a 16% nosedive. • Moreover, introduction of the new hybrid vehicles by some players of the Canadian automobiles sector has surged the demand of sedan cars in the upcoming period. XXXX • XXXXX Sedan Segment is Gaining Traction in Canada

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MarkNtel_Canada Tire Market Analysis-2020_Sample