$10.4bn
$XXX.Xm
5,489
320
$XXX.Xm
Over the five years to 2023, the Tire Wholesaling industry's revenue is expected to decline. While business been bolstered by improving economic conditions, the industry has faced several considerable challenges in recent years. Pandemic-related restrictions and closures limited travel, which affected consumers' tire replacement needs, causing a large decline in demand for tires during 2020. A strong economic recovery since 2021 bolstered revenue, as sales volume and tire prices rose. However, inflation-adjusted revenue has fallen due to historically elevated price increases across the economy. As a result, industry revenue has been dropping at a CAGR of 1.7% over the past five years and is expected to reach $10.4 billion in 2023. This includes an increase of 2.2% over the current year as demand and prices stabilize.Industry profit, measured as earnings before interest and taxes, is anticipated to remain fairly steady despite recent volatility. Wholesalers are able to pass along purchase cost increases to downstream markets by raising prices, helping to offsett potential decreases in earnings. Larger operators are increasingly acquiring smaller operations to expand distribution networks. These large companies typically have greater purchasing power and can negotiate lower prices with upstream suppliers in addition to more efficiently controlling the cost of operations.Over the five years to 2028, the industry is anticipated to grow, bolstered by improving disposable income levels and kilometres traveled by Canadians. Revenue is expected to increase at a CAGR of 2.0% to $11.5 billion over the five years to 2028.
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated $10.4bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Groupe Touchette Inc. | 645.3 | 34.2 | 5.3 | |
American Tire Distributors Inc. | 600.0 | 32.8 | 5.5 | |
Distribution Stox Inc. | 511.8 | N/A | N/A |
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Tire Wholesaling in Canada
Industry revenue is measured across several distinct product and services lines, including Standard passenger vehicle tires, Commercial truck tires and Light truck tires . Standard passenger vehicle tires is the largest segment of the Tire Wholesaling in Canada.
Passenger vehicle tires for cars are the main product segment for wholesalers
The Tire Wholesaling industry in Canada wholesales new and used tires and tubes for passenger and commercial vehicles.
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NAICS 415210 - Tire Wholesaling in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Despite increased demand for new vehicles, the tire wholesaling industry in Canada faces declining revenue due to factors such as pandemic-related disruptions and high inflati...
Learn about an industry's products and services, markets and trends in international trade.
Independent tire retailers maintain are a key downstream market because of their strong local presence and ties in the passenger replacement market. Tire wholesalers establis...
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Ontario's large population generates high demand for tire dealers, fueling the province's substantial share of tire wholesalers. The proximity to their main customer base hel...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Establishing a tire wholesaling business can be demanding with significant start-up costs required for distribution facilities and a freight vehicle network. Potential entran...
Learn about the performance of the top companies in the industry.
Groupe Touchette Inc., a Canadian tire distributor, significantly expanded its presence in Ontario through the acquisition of Atlas Tire Wholesale Inc. The firm also bought t...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Technological advancements in tire wholesaling, including automated inventory control and online transactions, improved cost efficiency and facilitated seamless supply chains....
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs, primarily for items like tires and tubes, constitute the biggest expense for tire retailers. These costs are influenced by changing prices of raw materials an...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Tire Wholesaling industry in Canada is $10.4bn in 2024.
There are 320 businesses in the Tire Wholesaling industry in Canada, which has declined at a CAGR of 1.0 % between 2018 and 2023.
The market size of the Tire Wholesaling industry in Canada has been declining at a CAGR of 1.7 % between 2018 and 2023.
Over the next five years, the Tire Wholesaling industry in Canada is expected to grow.
The biggest companies operating in the Tire Wholesaling market in Canada are Groupe Touchette Inc., American Tire Distributors Inc. and Distribution Stox Inc.
Motor vehicle tires and tubes wholesaling and Tire and tube repair materials wholesaling are part of the Tire Wholesaling industry.
The company holding the most market share in Canada is Groupe Touchette Inc..
The level of competition is moderate and steady in the Tire Wholesaling industry in Canada.