Tire Dealers in Canada
The Tire Dealers industry in Canada has experienced relatively stable growth over the five years to 2019, largely due to improving economic conditions in the industry's key markets. For instance, rising levels of disposable income and consistent declines in the national unemployment rate have made it financially easier for consumers to buy replacement tires. However, a portion of this consumer demand has been siphoned by the purchase of new vehicles that do not require tire services and tire purchases from competing industries. Car dealerships typically have a competitive advantage over industry operators because vehicle warranties include tire replacement. Moreover, when consumers take alternate modes of transportation, demand from tire dealers diminishes. Moving forward, improvements in the domestic economy will yield mixed results for industry operators. For one, as levels of disposable income and total employment continue to improve, consumers will have fewer financial constraints when replacing their vehicles' tires, benefiting industry operators.
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.
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