DUBLIN, April 2, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/3jrjdt/canada_tyre) has announced the addition of the "Canada Tyre Market Forecast and Opportunities, 2020" report to their offering.

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Canada's 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, 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.

Canada Tyre Market Forecast and Opportunities, 2020 discusses the following aspects:

• Automobile Sector Growth
• Preferences
• Domestic Production
• Climatic Conditions
• Imports and Exports

Key Topics Covered:

1. Research Methodology

2. Market Overview

3. Analyst View

4. Canada Tyre Market Outlook

5. Canada Replacement Tyre Market Outlook

6. Canada Passenger Car Tyre Market Outlook

7. Canada Commercial Vehicle Tyre Market Outlook

8. Canada OTR Tyre Market Outlook

9. Canada Two-Wheeler Tyre Market Outlook

10. Raw Material Analysis

11. Tyre Trade Analysis

12. Market Dynamics

13. Policy & Regulatory Landscape

14. Market Trends & Developments

15. Canada Economic Profile

16. Competitive Landscape

17. Strategic Recommendations

Companies Mentioned

• Bridgestone Canada Inc.
• Goodyear Canada Inc.
• Michelin North America (Canada) Inc.
• Continental Tires Canada Inc.
• Hankook Tire Canada Corp.
• Kumho Tyre Canada Inc.
• Yokohama Tire (Canada) Inc.
• Toyo Tire Canada Inc.
• Pirelli Tire Inc.
• Cooper Tyre & Rubber Company

For more information visit http://www.researchandmarkets.com/research/3jrjdt/canada_tyre

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets