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:
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
For more information visit http://www.researchandmarkets.com/research/3jrjdt/canada_tyre
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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