The market is dominated by foreign suppliers, as imports account for 86.4% of total market size in 2022. Households drive market demand, with household spending representing 54.1% of total demand in 2022. Canada has the seventh largest market size for motor vehicles and parts across the top 20 developed countries, with demand reaching USD108 billion in 2022. Honda Canada Inc is the largest company in Canada, generating 19.8% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 74.9% of total production value in 2022. The total number of companies increases in 2022, to 3,888 units. The costs of the industry increase by 15.9% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 3.3% of production value in 2022, the 16th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 77.4% of total production output. With production value of USD53.5 billion, Canada accounts for 6.4% of the North America total in 2022.
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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
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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