The market is dominated by foreign suppliers, as imports account for 91.0% of total market size in 2023. Households drive market demand, with household spending representing 57.2% of total demand in 2023. Canada has the seventh largest market size for motor vehicles and parts across the top 20 developed countries, with demand reaching USD113 billion in 2023. Honda Canada Inc is the largest company in Canada, generating 19.8% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 75.0% of total production value in 2023. The total number of companies increases in 2023, to 3,938 units. The costs of the industry increase by 4.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 3.2% of production value in 2023, the 18th highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 85.5% of total production output. With production value of USD56.1 billion, Canada accounts for 6.9% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in Canada: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in Canada: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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