Delays Equal Volatility for Canada’s Auto Sector
Volatility has been a theme shadowing the automotive sector, and indeed the broader…
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May 18, 2021
Canada tire market stood at $ 4.9 billion in 2018 and is projected to grow at a CAGR of around 4.9% during 2019-2024 to reach $ 6.4 billion by 2024, on the back of increasing industrialization and growing penetration of online sales channels across the country. The tire market in Canada relies on tire imports from several countries. Moreover, tire demand is anticipated to grow from the replacement sector, as the automobile fleet in the country has been growing at a brisk pace over the last several years.
Source: Barchart
Tire and Rubber Association of Canada
A19–260 Holiday Inn Drive
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Tel: (519) 249-0366
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