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Country Industry Forecast - Political & Policy Analysis for the Canadian Automotive IndustryPublished by: Frost & Sullivan Published: Mar. 2, 2006 - 32 Pages Table of Contents1. Political Overview 2. Trade Policies 3. Automotive Industry Regulations & Analysis AbstractResearch OverviewThe Canadian automotive industry is witnessing key changes in its regulatory environment, with several significant regulations likely to be introduced in the near future. Canada’s On-Road Vehicles and Engine Emission Regulations that were enforced in 2004, align its vehicular emissions standards with the U.S. federal ones and are identical to the U.S. Environmental Protection Agency's (EPA’s) Tier 2 standards. These laws pose new challenges to the motor vehicle manufacturers as they are currently required to certify every vehicle as belonging to one of eleven bins (emission categories), each of which conforms to standards on the emission of nitrogen oxide (NOx), non-methane organic gases (NMOG), carbon monoxide (CO), formaldehyde, and particulate matter (PM). In 2005, a memorandum of understanding (MoU) was signed between the Government of Canada and the domestic automotive industry for reducing greenhouse gas (GHG) emissions by 2010. According to this agreement, the automotive industry is expected to reduce GHG emissions by 5.2 million tons (mt) by 2010. In 2006, Canadian politics witnessed a dramatic shift in power when the 12-year rule of the Liberal Party ended and with the Conservative Party forming the Government. The Conservative Government is expected to address key issues pertaining to the automotive industry. Some of these include compliance with the Kyoto Protocol requirements by 2010, new emission norms, national infrastructure improvements, driving consumer demand toward more fuel-efficient motor vehicles, promoting the use of mass transportation modes, and urging manufacturers to produce more fuel-efficient vehicles. The Government is also expected to support the industry’s efforts to explore opportunities to power motor vehicles with alternative fuels, increase motor vehicle safety features, and explore opportunities for greater free or preferential trade accords with Asian countries. Frost & Sullivan’s Automotive Industry Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its automotive industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. Also, investors can assess the industry-specific risk factors as well as conduct a more in-depth micro research. Benefits of this Service Identifying New Market Opportunities The future trends and developments in the Canadian automotive industry have been spotted by taking into consideration the political, economic, and policy-making environment of the country as well as analyzing global trends in the market. This analysis provides immense information to industry participants, which can aid in seizing strategic market opportunities in the Canadian automotive industry. Understand Future Industry Trends The research service offers insights into the Canadian automotive market, its turnover, as well as exports and import trends. This enables industry participants to gauge the trends and dynamics in their respective markets and thereby helps them devise appropriate market strategies to improve their shares. Understand Policy and Regulatory Environment A detailed analysis of the policy and regulatory framework of the Canadian automotive industry is provided in the research service to help industry participants gain insights into the regulatory environment as it exists and the future direction of the same. Evaluate Industry Segment Potential The study’s analyses of the segments of the automotive industry along with a discussion of its vertical market segments provide details of the trends and forecasts for these segments. They also provide insights into the key indicators and resources in these areas. This helps corporate planners in developing accurate business plans and enhances credibility to planning company resources. Get Full Details About This Report >> |
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