TechNavio recognizes the following companies as the key players in the Winter Tire Market in Canada: Bridgestone Corp., Canadian Tire Corp., Compagnie Generale des Etablissements Michelin SCA, Hankook Tire Worldwide Co. Ltd., and The Goodyear Tire and Rubber Co.
Commenting on the report, an analyst from TechNavio’s team said: “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. For further information on this report, please visit https://www.technavio.com/report/winter-tire-market-canada-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Winter Tire Market in Canada 2014-2018
