
Tire Manufacturing in Canada - Industry Market Research Report
Description
Tire Manufacturing in Canada
The Tire Manufacturing industry in Canada has exhibited high revenue volatility, mainly as a result of the pandemic. Declines in vehicle sales in North America and vehicle travel in 2020 are the primary reasons for this volatility. Import competition from other countries in the US, Canada's largest export market, also contributes to volatile performance. Despite improving macroeconomic conditions, industry revenue will decline at a CAGR of 4.0% to an estimated $3.2 billion in 2023, with a boost of 1.9% in 2023 as profit plummets to negative 3.8%.
This industry is primarily engaged in manufacturing and retreading tires and inner tubes from natural and synthetic rubber. The finished products are then sold to motor vehicle manufacturers and tire wholesalers.
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.
The Tire Manufacturing industry in Canada has exhibited high revenue volatility, mainly as a result of the pandemic. Declines in vehicle sales in North America and vehicle travel in 2020 are the primary reasons for this volatility. Import competition from other countries in the US, Canada's largest export market, also contributes to volatile performance. Despite improving macroeconomic conditions, industry revenue will decline at a CAGR of 4.0% to an estimated $3.2 billion in 2023, with a boost of 1.9% in 2023 as profit plummets to negative 3.8%.
This industry is primarily engaged in manufacturing and retreading tires and inner tubes from natural and synthetic rubber. The finished products are then sold to motor vehicle manufacturers and tire wholesalers.
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.
Table of Contents
40 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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