Over the five years to 2017, revenue for the Tire Dealers industry in Canada has increased strongly. As economic conditions such as disposable income and unemployment improved, consumers released pent-up demand for replacement tires. However, fewer replacement tires were needed as new vehicle sales increased over the period, which slightly inhibited industry revenue growth. Over the five years to 2022, improvements in the overall domestic economy will yield mixed results for industry operators. On one hand, as disposable income and unemployment continue to improve, consumers will release pent-up demand for tires, benefiting industry operators. On the other hand, improvements in the overall economy will likely increase new vehicle sales. A rise in new vehicle sales will increase the total pool of vehicles that use tires; however, it will also likely inhibit growth in the short term because new vehicles come ready with factory-issued tires. Nevertheless, this threat is not expected to heavily weigh down the industry.
This industry retails tires and tire tubes for passenger cars, sport-utility vehicles (SUVs) and commercial trucks. Businesses that offer maintenance services in addition to tire sales are included in this industry; however, car dealership tire services and online tire sellers are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.