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Winter Tire Market in Canada 2014-2018

DUBLIN, Ireland, April 14, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/tjhzzd/winter_tire) has announced the addition of the "Winter Tire Market in Canada 2014-2018" report to their offering. 

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

The analysts forecast the Winter Tire market in Canada to grow at a CAGR of 3.16 percent over the period 2014-2018. One of the key factors contributing to this market growth is the improved safety delivered by winter tires. The Winter Tire market in Canada has also been witnessing the growing popularity of studdless tires. However, the cost incurred to manage two separate sets of tires could pose a challenge to the growth of this market. 

The report, the Winter Tire Market in Canada 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the country Canada; it also covers the Winter Tire market in Canada landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. 

Studdless tires are increasing in popularity in the Winter Tire market in Canada. Studded winter tires, if used in seasons other than winter, tend to damage the roads and their increased use can also lead to potholes. The studdless tires, on the other hand, are much smoother on roads and do not cause any damage. Hence, studdless tires are gaining popularity across numerous provinces that are experiencing limited snowfall. 

According to the report, the main factor which is driving the Winter Tire market in Canada is the improved safety provided by these tires when used during winter. When roads are covered with snow and ice, they tend to be highly slippery. Hence, the use of winter tires provides immense grip/traction and helps reduce the number of road accidents. 

Further, the report states that the main challenge witnessed by the market is the affordability factor. Winter tires cost only a little more than standard summer/all-season tires but they can be used only in the winter and not throughout the year. Hence, people need to invest and have two sets of tires.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. 

Key Topics Covered: 

1. Executive Summary

2. List of Abbreviations

3. Scope of the Report

4. Market Research Methodology

5. Introduction

6. Market Landscape

7. Market Segmentation by Product Types

8. Geographical Segmentation

9. Key Leading Provinces

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape

18. Key Vendor Analysis

19. Other Reports in this Series

Companies Mentioned:

  • Apollo Tyres Ltd.
  • Bridgestone Corp.
  • Canadian Tire Corp.
  • Compagnie Generale des Etablssements Michelin SCA
  • Continental AG
  • Cooper Tire & Rubber Co.
  • Falken Tire Corp.
  • General Tire and Rubber Co.
  • Hankook Tire Worldwide Co.
  • Hercules Tire and Rubber Co.
  • Kumho Tire Co.
  • Nexen Tire Corp.
  • The Goodyear Tire and Rubber Co.
  • Toyo Tire & Rubber Co.
  • Yokohama Tire Corp.

For more information visit http://www.researchandmarkets.com/research/tjhzzd/winter_tire

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

SOURCE Research and Markets

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