Market Size, Growth & Valuation (2025-30)

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.

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Canada Tire Market Structure – Segmentation & 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% 

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.

Key Growth Trends (2025-2030)

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.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Canada Tire industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Canada Tire Companies are:

  • 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.

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Key Questions Answered in This Report:

  1. What is the current market size of Canada Tire, and what growth rate is projected by 2030?
  2. Which key trends are driving Canada Tire market expansion in the next five years?
  3. How does market segmentation impact industry dynamics?
  4. Which geographic regions offer the highest growth potential?
  5. What are the primary challenges hindering Canada Tire industry growth?
  6. How do regulatory policies influence market development?
  7. What are the latest technological advancements impacting the sector?
  8. Who are the leading Canada Tire companies, and what are their market shares?
  9. What strategies are top competitors adopting to maintain dominance?
  10. What are the emerging niche segments with high growth potential?
  11. How do macroeconomic factors affect market performance?
  12. What are the investment opportunities for new entrants?
  13. How does pricing strategy vary across different market segments?
  14. What are the future innovation trends expected in this industry?

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