Research and Markets (http://www.researchandmarkets.com/research/ck2wxx/winter_tire) has announced the addition of the "Canada Winter Tire Market Report 2014-2018" report to their offering.
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.
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.
Key vendors dominating this space include:
- Bridgestone Corp.
- Canadian Tire Corp.
- Compagnie Generale des Etablssements Michelin SCA
- Hankook Tire Worldwide Co., Ltd.
- The Goodyear Tire and Rubber Co.
Other vendors mentioned in the report are:
- Apollo Tyres Ltd.
- Continental AG
- Cooper Tire & Rubber Co.
- Falken Tire Corp.
- General Tire and Rubber Co.
- Hercules Tire and Rubber Co.
- Kumho Tire Co., Inc.
- Nexen Tire Corp.
- Toyo Tire & Rubber Co., Ltd.
- Yokohama Tire Corp.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Product Types
08. Geographical Segmentation
09. 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
For more information visit http://www.researchandmarkets.com/research/ck2wxx/winter_tire
Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S.
Fax: 646-607-1907
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Sector: Tyres